|
|
Matrix A.S. to upgrade one million dollar's worth of Agilent equipment |
Matrix A.S. CEO, Sion Balass: "We have received indications that there are more
projects in the pipeline"
Matrix Advanced Solutions (Matrix A.S.) today announced a joint project
with the giant Agilent, in which Matrix A.S., using advanced algorithms,
is to upgrade a line of sophisticated testing equipment for
laboratories manufactured by the international corporation. The project
is under way at Agilent's facilities in Germany and its value is estimated
at one million dollars.
Matrix A.S. chief scientist, Dr. Marcel Thuerk, has developed a platform
based on artificial intelligence that optimizes data in different fields. In
the framework of the project the company developed for Agilent an
algorithm that significantly reduces irrelevant data obtained during
tests, which make it difficult to obtain accurate, significant data. According
to Sion Balass, Matrix A.S. CEO, the company has a longstanding
relationship with Agilent. Balass says that "We have received indications that
there are more projects in the pipeline".
Matrix A.S. was established by Sion Balass, a member of the Balass family, which is active
in international trade in infrastructures. The company manufactures computing systems
that are able to solve complex problems using an adaptive approach. The software applications
allow for significant savings in costs, shorter time-to-market, improved quality
control and process optimization. To date, thirteen million dollars have been invested by
private investors in developing the technology. Members of the advisory board include
Berel Rodal, formerly a senior official in the Canadian government and a strategist who
specializes in policy, security and technology; Moos Bulder, formerly president of Verio
NTT Europe; General (res.) Ya'acov Amidror, former senior IDF intelligence officer and
assistant to the minister of defense; Isaac Appelbaum, a senior partner in the American
Opus Capital fund; and Yoram Romem, formerly CEO of Sapiens. The company has offices
in Israel, the UK and Germany. Last year the company completed a complex data analysis
and processing project for the US Army on a scale of two million dollars.
Agilent was established in late 1999 as an HP spin-off in the field of testing equipment. HP
had been active in this field since the nineteen-thirties, when its founders, Bill Hewlett and
Dave Packard, began to develop electronic products for testing sound in their garage in
Palo Alto. Today Agilent is considered a leading measurement and test company. Sales in
2005 totalled 5.6 billion dollars, and the company has approximately twenty-one thousand
employees.
Published in "online GLOBES",
November 29, 2007
|
|
