Ampal Announces New High-Technology Investment in PowerDsine Ltd.NEW YORK--(BUSINESS WIRE)--Aug. 15, 1997--Ampal-American Israel Corporation (AMEX AMEX See: American Stock Exchange :AIS.A) announced today that it had invested $2 million to acquire 12.5% of PowerDsine Ltd., an Israeli company specializing in the development, manufacture, marketing and sale of unique, innovative modules and components for the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry. PowerDsine recently introduced its first line of off-the-shelf products - telephone ring generators - and is marketing them in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia. Additional products are currently being designed. Ampal and its subsidiaries acquire interests in businesses located in the State of Israel or that are Israeli-related. An important objective of Ampal is to make investments in companies which take advantage of growth in Israel's high technology sector, which has become of world-class stature. Ampal and its subsidiaries have diversified diversified (di·verˑ·s interests in the following sectors: high technology and communications, hotels and leisure-time, real estate, finance, energy distribution, basic industry, as well as others. CONTACT: Morgen-Walke Associates, Inc. Donna Stein Stein , William Howard 1911-1980. American biochemist. He shared a 1972 Nobel Prize for pioneering studies of ribonuclease. Press: Richard Dukas 212/850-5600 |
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