Homepage / Technology / Tech behind Israel’s Iron Dome defense system is becoming a golden ticket for the civilian market
Amazon says this Prime Day was its biggest shopping event ever Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on As stocks regain their footing, an ominous warning looms Goldman Sachs downgrades Clorox to sell, says valuation is 'unsustainably high' How Satya Nadella has spurred a tripling of Microsoft's stock price in just over four years Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming The one chart that explains Netflix’s stunning comeback US housing starts plunge 12% in June to a nine-month low Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough Target uses Prime Day to its advantage, logging its 'biggest online shopping day' so far this year Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade These are the 10 US airports where you're most likely to be hacked Amazon shares slightly higher as investors await Prime Day results Wreck of Russian warship found, believed to hold gold worth $130 billion A bullish ‘phenomenon’ in bond market is weeks away from fading, top credit strategist says Stocks making the biggest moves premarket: MS, GOOGL, TXN, UAL, NFLX & more Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade EU fines Google $5 billion over Android antitrust abuse Mortgage applications fall 2.5% as buyers struggle to find affordable homes America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Investors are getting spooked as the risk of a no-deal Brexit rises EU expected to fine Google $5 billion over Android antitrust abuse Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections Elon Musk apologizes to British cave diver following baseless 'pedo guy' claim Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever Xiaomi shares notch new high after Hong Kong, mainland China stock exchanges reach agreement The trade war is complicating China's efforts to fix its economy European markets set for a strong open amid earnings; Google in focus Hedge fund billionaire Einhorn places sixth in major poker tournament The biggest spender of political ads on Facebook? President Trump Asian stocks poised to gain after Fed's Powell gives upbeat comments; dollar firmer Stocks are setting up to break to new highs Not all FAANG stocks are created equal EU ruling may be too little, too late to stop Google's mobile dominance Cramer explains how Netflix's stock managed to taper its drop after disappointing on earnings Airbnb condemns New York City's 'bellhop politics,' threatens legal retaliation Amazon sellers say they were unfairly suspended right before Prime Day, and now have two bad choices Investor explains why 'duller' tech stocks can have better returns than 'high-flying' tech names Elon Musk is 'thin-skinned and short-tempered,' says tech VC Texas Instruments CEO Brian Crutcher resigns for violating code of conduct Google Cloud Platform fixes issues that took down Spotify, Snapchat and other popular sites Uber exec: We want to become the 'one stop' transportation app 'What a dumb hearing,' says Democrat as Congress grills tech companies on conservative bias Amazon shares rebound, report says Prime Day sales jumped 89 percent in first 12 hours of the event How to put your medical history on your iPhone in less than 5 minutes Investment chief: Watch these two big events in 2018 Even with Netflix slowing, the market rally is likely not over Cramer: Netflix subscriber weakness debunks the 'sky's the limit' theory on the stock Netflix is looking at watch time as a new area of growth, but the competition is stiff Why Nobel laureate Richard Thaler follows Warren Buffett's advice to avoid bitcoin Rolls-Royce is developing tiny 'cockroach' robots to crawl in and fix airplane engines After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group Roku shares rise after analyst raises streaming video company's price target due to customer growth China is investing 9 times more into Europe than into North America, report reveals Amazon says US Prime Day sales 'so far bigger than ever' as glitch is resolved Netflix is on pace for its worst day in two years US lumber producers see huge opportunity, rush to expand San Francisco to consider tax on companies to help homeless Homebuilder sentiment, still high, stalls as tariffs, labor and land drive up costs Powell backs more rate hikes as economy growing 'considerably stronger' Netflix history is filled with big stock declines – like today – followed by bigger rebounds Intel shares get downgraded by Evercore ISI due to rising competition from Nvidia, AMD Petco aims to reinvent the pet store with something you can't buy online Genetic testing is coming of age, but for consumers it's buyer beware Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows Netflix weak subscriber growth may indicate a 'maturity wall' that could whack the stock even more: Analyst This chart may be predicting the bull market's demise Wall Street says Netflix's stock plunge is a ‘compelling’ buying opportunity because the streaming giant ‘never misses twice’ Tesla sinks after Musk tweets, again Boeing announces new division devoted to flying taxis Stocks making the biggest move premarket: NFLX, UNH, GS, AMZN, WMT & more Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing' IBM is experimenting with a cryptocurrency that’s pegged to the US dollar North Korea and Zimbabwe: A friendship explained Virgin Galactic spinoff Orbit to launch rockets from the UK with space deal Artificial intelligence will create more jobs than it destroys? That’s what PwC says ‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit China’s fintech companies offer ‘enormous’ opportunity, investment manager says Trump's performance at summit with Putin was 'unprecedented,' experts say Walmart and Microsoft link up on cloud technology as they both battle Amazon European stocks seen mixed amid earnings; Fed’s Powell to address Congress How I knew I should quit my day job and run my start-up full-time: Viral website founder China's stocks have been trounced, but the trade war may ultimately be good news for those shares Billionaire tech investor Peter Thiel bets on crypto start-up Block.one Asian shares subdued open after mixed close on Wall Street; energy stocks under pressure Amazon cloud hits snags after Amazon Prime Day downtime Netflix isn't doomed by one quarter unless people start questioning the long-term investor thesis Tech stocks set to sink on Tuesday after rough evening for ‘FANG’ Netflix plummets after missing big on subscriber growth This wristband lets humans control machines with their minds The U.S. has a rocky history convincing Russia to extradite computer criminals Amazon suffers glitches at the start of Prime Day Jeff Bezos is now the richest man in modern history 'The United States has been foolish': Read Trump and Putin's full exchange Goldman Sachs recommends these 5 highly profitable companies — including Nvidia — to combat rising inflation Goldman Sachs releases 'tactical' stock picks for this earnings season Three red flags for Netflix ahead of its earnings report The bond market may be raising recession fears, but don't expect one anytime soon Cramer: Banks are 'making fortunes' but are still as hated as they were during the financial crisis Putin told Trump at summit: Russia never meddled in US election

Technology

Tech behind Israel’s Iron Dome defense system is becoming a golden ticket for the civilian market

Israel’s high-tech industry is brimming with products that have made the jump from military application to civilian markets, both software and hardware, from cybersecurity to drones and from navigation to imaging. And the bigger the military reputation, the more impact the technology is likely to have.

One of the most iconic names currently in the arms industry is the air defense system Iron Dome that knocks rockets from Gaza out of the sky. Its success even helped revive the flagging career of the former Defense minister who commissioned the system over a decade ago, Amir Peretz. It was a theme in his campaign to recapture the Labor party leadership that earlier this week (Tuesday) saw him go through to a runoff.

The company that makes the command and control system at the heart of Iron Dome, mPrest, is making rapid inroads over the last few years into civilian applications for its systems, which seem made for the emerging internet of things (IOT).

Inevitably, its core function in Iron Dome gives mPrest a flying start when approaching global companies, whether it’s in agriculture, electricity or anything else, says the company’s co-founder and CEO, Natan Barak, who talked to CNBC in a phone interview.

“Definitely the reputation and the attention that we got after Iron Dome helps. We find companies outside of Israel that say ‘if you’ve done Iron Dome, you can do anything’. It definitely helps credibility,” Barak says cheerfully. He is proud of the company’s role in Iron Dome and the work that the system is doing in “saving lives”.

Iron Dome was first deployed in 2011 and Barak says that mPrest started looking at civilian commercial markets for its system a few years later: “We realized that we built a very sophisticated, comprehensive infrastructure for a command and control system and we can make a difference not only in defense but also in commercial applications.”

While Iron Dome definitely serves as a high point for the company, it rests on a firm basis, says Barak: “We did many things before the Ministry of Defense and Rafael (Advanced Defense Systems) asked us to do the Iron Dome command and control system. We’ve done air defense for some countries in Asia, we’ve done border control in Asia, we’ve done many very sophisticated things.”

The shift from only working for the defense and security markets to the commercial market did take some adjustment, Barak admits: “If you adopt such a model it changes the setup of the company dramatically, our sales and marketing changes dramatically, the launching of our products too.”

The civilian market will be much bigger for mPrest eventually, he says but per project it’s often smaller than what he’s used to in the defense sector: “We used to work in multi-million dollar projects, tens of millions of dollars, and now when we talk about the commercial market, we’re talking about mass production but each project might cost less.”

The system that mPrest developed for Iron Dome appears to be a fit for the booming IOT market now that the price of sensors is coming down and connectivity is everywhere. The company is “integrating IT with the IOT”, says Barak.

It has moved into the utilities business, for example providing the New York Power Authority with a monitoring, control and analytics system, and it’s doing the same for New Zealand power company Vector, which is also interested in such things as being able to use customers’ reserve battery power during peak times.

“The New York Power Authority engineers will always know much more about transformers than we do. What we’re doing is giving them the capability to put their brain into the system without any software change,” says Barak.

Utilities is one of the first fields mPrest moved into because the return on investments is rapid and can be clearly demonstrated, he explains. But it’s by no means the only area that he’s active in. He mentions smart cities, telecoms, fleet management and agriculture as just a few examples: “We are offering a platform that’s so flexible that it can meet the challenge of the revolution that’s happened with the IOT business.”

Iron Dome does remain a big focus for the company and Barak says it is being exported to various countries, often places that don’t want to give it a lot of publicity. Nor is it always the Iron Dome system the way it’s being used in Israel, he says without elaborating.

As for the system’s effectiveness against what Israel’s intelligence assessments say is a mounting rocket threat, especially from Lebanon’s Hezbollah, he’s quietly confident: “I believe that we have closed a gap of many years from the air defense point of view and I hope we’re never getting back to the situation where rockets are being fired on us from Lebanon or Gaza and so on. But we’ll be capable of dealing with them.”

Follow CNBC International on Twitter and Facebook.

Source: Tech CNBC
Tech behind Israel’s Iron Dome defense system is becoming a golden ticket for the civilian market

Comments are closed.