"Alpha Omega" from Nazareth has established a joint venture in China

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by Ifi Reporter Category:Hitech Dec 8, 2018

Alpha Omega, a company that develops, manufactures and markets medical equipment that helps brain surgeons navigate the central nervous system, has established a joint venture in China with the GIBF Foundation. The Chinese company was established in Guangzhou with an investment of about seven million dollars.
Shuki Gleitman said, "We are proud to be the first overseas investors with Alpha Omega, and the achievements of the owners and staff are unthinkable and we hope to replicate their success in China as well, and we believe that we can help them deepen their success. Name".
"We are celebrating the dedicated and dedicated work of all Alpha Alpha employees, without whom we would not have been the leaders in our world," said Imad Yunes, president of Alpha Omega. "It is an extraordinary feeling to work with a body that is a Chinese body in every respect, whose heads are Israeli. We were very impressed with GIBF's culture of work and values ​​and we are happy to embark on our joint journey. "
Founded in Nazareth in 1993 by Rim and Imad Yunes, Alpha Omaga has grown to become a global company with 85 employees and sells millions of dollars worldwide, without ever raising money from external investors except for support from the Israel Office of the Chief Scientist. The company continues to remain loyal to its roots in Nazareth.
Alpha Omega develops medical equipment that helps brain surgeons navigate the central nervous system, with maximum accuracy. The company also provides brain researchers with unique and advanced research tools, offering a wealth of pioneering and innovative products and quality service.
 The company's main field is Deep Brain Stimulation (DBS). This treatment began with the research of Prof. Haggai Bergman of the Hebrew University and Prof. Halim Ben-Abid of the University Hospital in Grenoble, France. During treatment, electrodes are inserted into the patient's brain and generate electrical stimulation that helps patients with neurological and psychiatric problems, such as Parkinson's disease.
On the occasion of the 70th anniversary of the establishment of the State of Israel, Zimmers and Imad Yunis are the leaders of the industry, which was given to them by President Reuven Rivlin with the first line of innovative industrial leaders in the State of Israel.
The GIBF Foundation is a unique Chinese-Israeli fund in the field of life sciences, totaling $ 100 million. The fund is managed by Dr. Shuki Gleitman, former Chief Scientist of Israel, and Avner Loushi, who is the fund's sixth investment in less than two years.
The main investment model of the fund is the establishment of a Chinese company in Guangzhou, whose owners are an Israeli technology company, in this case Alpha Omega, with the GIBF Fund as the local Chinese partner. The Chinese subsidiary, which is granted the rights to the Chinese market, remains under the control of the Israeli parent company, which will manage the Chinese subsidiary. GIBF, for its part, finances the activities of the Chinese subsidiary and helps it penetrate China.

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