The venture, named Fulcrum, will be founded under the auspices of the MTA Incubator in Dimona.
Maayan Ventures Ltd. (TASE:MAYN), which holds Rotem Ventures Ltd. (formerly ATC) in Dimona, and 25% of Capital Point Ltd., will invest NIS 2.5 million in a new venture to be founded under the auspices of Rotem Ventures. The venture, which will be called Fulcrum, will focus on the development of Carbon NanoTubules, which enable materials used principally in the vehicle, aviation, and marine industries to be reinforced, while simultaneously reducing their density.
Maayan will invest in the company at a value of NIS 8.8 million, with another entity investing NIS 1.4 million at the same value.
Published by Globes [online], Israel business news - www.globes.co.il - on October 14, 2007
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