• • The Fiber Of Success A Jerusalem start-up is projecting huge growth as companies snap up its unique new lighting technology. The place you've always put your money has some new places for you to put your money. Comerica banks have long been known as a great place to put your money in time deposit accounts and traditional IRAs. And our customers place their confidence in our Private Banking Relationship Managers who are known for their expertise in investment NICKY BLACKBURN Special to The Jewish News hen the Jerusalem start- up Elam Ltd. proudly announces in its compa- ny brochure that "your imagination is our limit," it's not exag- gerating. After just four years spent develop- ing a unique and flexible new lighting technology called Livewire, the com- pany has already seen the product used in a variety of applications ranging corn the serious to the silly — from hazard lighting and safety jackets to flashing jeans and shoelaces. It is this very product adaptability that makes the company's technology so appealing, and such a success. Sales of Livewire — a thin electrolumines- cent (EL) fiber that looks like a cable and has the same versatility — only a egan in the last quarter of 1996, but already the company has sold an esti- mated $2 million in 1997. Next year this figure is slated to rise to $6.5 mil- lion, while by 2000, according to Yoel Ganor, Elam's operational manager, sales will reach $20 million. The company also has grown rapid- 1y. It now employs 43 people, many of whom are Russian immigrants, and other 17 or so will be added during 1998. To support this growth, Elam is in the process of moving from its present cramped facility to a new $3 million building. In this building, five new production lines will be built, increas- ing output from the current 100 kilo- meters of fiber a month to "many hun- dreds of kilometers" a month. The idea for Livewire came from two Russian scientists, Dr. Israel Baumberg and Dr. Moshe Voskoboinik, both doctors in semi- conductor physics. When 'they first arrived in Israel, they had already begun work on the product, but were forced to abandon it temporarily to take jobs as cleaners in order to survive. 4 management, and estate and tax planning. But now if you're looking to invest on Wall Street, we can refer you to Comerica Securities for consultation and advice on investment alternatives. So come by any Comerica bank branch or call 1-80o-292-130o for details. And put your money to work in the places that make the most sense for your needs. ComencA We listen. We understand. We make it work.® Mutual Funds and other investments offered by Comerica Securities are not FDIC insured; are not deposits or obligations of, or guaranteed by Comerica banks; and involve risk, including possible loss of principal. Comerica Securities is a broker-dealer, member NASD/SIPC and an affiliate of Comerica banks. Comerica banks Equal Opportunity Lenders Members FDIC www.comerica.com e Je ish New tlis \putting togethe o 0 thitigs to do while in I ael, like your ideas/and photo ra Please send your travel tips, typewritten, double-sp and no more than a half page (8 1/2 X 1 1") t Israel's 50th Travel Tips Detroit Jewish News 27676 Franklin RoOd Southfield, Ml. 48034 fax: 24;8-354-6069 .,Email: djn@aol.corn Photos welcome. Please attach names (ages of children), hometown, and location of photo to back of picture. 'Include a,daytime telephone numberin case we have questi 3/6 1998 135