ISRAEL 
HIGH-TECH & INVESTMENT REPORT

from the May 2002 issue


Saudi Company Buys Communications Equipment from Israeli Firm


An unnamed Saudi Arabian company has purchased equipment for cellular phones manufactured by Israel company Sygnet Technologies. The Saudi company's order was made recently, despite Israel's confrontation with the Palestinian Authority and the tension between Israel and the Arab countries. The equipment will be supplied to Saudi Arabia soon. Jerusalem-based Sygnet will supply 12,000 headsets for cellular telephones. The sets, a new type that does not emit radiation, were developed in Israel at a cost of $2 million. The sets are being offered for $20 each in competition with wireless headsets costing $100.

The deal is worth $250,000. According to Sygnet CEO Sharon Elidan, the headsets will be supplied through a Western European company that has business connections with Saudi Arabia. He added that the company had begun marketing its products in 30 countries.


Reprinted from the Israel High-Tech & Investment Report May 2002

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