Mekorot Israel Nationwide Water firm will monitor air pollution within the Kinneret and reservoirs via Olive Diagnostics, through which it has invested. In accordance with the settlement, Mekorot will make investments a number of million shekels in Olive Diagnostics for a small fairness holding.
The settlement was born out of the necessity to improve monitoring of Israel’s water reservoirs. Jerusalem-based Olive Diagnostics was chosen to develop an optical system for on-line evaluation of chemical and organic compounds in water for the detection of threats to water security. The system has already been deployed within the healthcare market and is now coming into the nationwide water system.
in current weeks which were profitable trials within the early detection of chemical and organic compounds in water reservoirs. Use of the know-how will enhance the monitoring of various water sources, thereby enabling well timed detection and therapy of hazardous contaminants within the water supply.
Since 2019, Mekorot has invested in eight startups, together with this newest funding, taking stakes of as much as 20% in such fields as vitality administration, large knowledge, cybersecurity, water high quality and safety and monitoring and upkeep of nationwide infrastructures.
Mekorot VP Engineering and Expertise Yossi Jacoby says that the product will probably be one other line of protection to safe the corporate’s water provide. “As a nationwide water firm, we’re dedicated to scrupulously defend the standard of the water reaching households, farmers, and trade. Olive Diagnostics’ product will assist us find potential threats in a well timed method and higher take care of them.”
Olive Diagnostics CEO Man Goldman says: “Good real-time detection of molecules in liquids make it potential to find and restore malfunctions in methods so as to defend public well being.” He provides: “Our optical know-how for detecting molecules in liquids is attracting nice curiosity not solely from the healthcare sector, but in addition from different industries, resembling desalination facility builders and operators, of bottled drinks producers and distributors.”
Olive Diagnostics is a medical units firm based in 2019 by Goldman and Corey Katz. It has developed Olive KG, the world’s first hands-free, non-invasive, AI-based optical system for 100% passive and seamless urinalysis, which mounts on any rest room. Olive KG performs top quality evaluation of essential parameters within the sufferers’ urine in every urination with out person intervention. The continual monitoring nature of Olive Diagnostics’ system alerts customers to pre-symptomatic points, typically weeks earlier than signs and the looks of situations together with urinary tract an infection (UTI) and kidney stones. Final 12 months, the corporate obtained European Union CE Mark certification for the Olive KG, adopted by the primary orders for the system from European organizations.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on March 9, 2023.
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