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          Dec. 11 2006








BIRD Foundation to Allocate $13 Million to 14 New Projects

Total Investment From BIRD and Other Investors to Reach $35 Million

The BIRD Foundation for research and industrial cooperation between Israeli and American companies announced today that it would earmark $13 million for 14 new joint America-Israeli projects.

The projects will receive investments equaling $35 million from BIRD and additional investors.

The companies chosen by the Foundation this year are:

In computers and software: the Israeli Tidex along with IBM; and the Israeli AE-40 with Avaya.




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