The Israel Innovation Summit 2006 Will Be Held on April 4-5 at the Haifa Congress Center, Israel

Business Wire, March 20, 2006

TEL AVIV, Israel -- The Israel Innovation Summit will be held on April 4-5, 2006. The only conference of its kind in Israel, The Israel Innovation Summit is entirely focused on innovation in the fields of science, hi-tech and life sciences. It is a one-time opportunity to acquire an in-depth view of Israeli breakthrough technology and leading life science start-ups and emerging companies, introduced and discussed by leading experts. This event is the optimal platform for corporate investors and venture capitalists from around the world.

The conference is organized by Elron, Olive Bay and PricewaterhouseCoopers Israel, in cooperation with IBM, Intel, Teva Pharmaceutical Industries, Applied Materials, Pitango Venture Capital, Given Imaging, Ehrlich & Partners -- Patent Attorneys, Elbit Systems, Zoran and others. The conference will be held under the academic sponsorship of the Technion and the industry sponsorship of the Israel Association of Electronics and Software Industries and the Israel Life Science Industry.

The summit will spotlight a limited number of selected fields such as: Nano-Electronics, Gene and Stem-Cell Therapy, Wireless Communications, Distributed Computing, Nano-Medicine, Search Technologies, Next Generation Networks, Semiconductors, Imaging (medical and other), and Minimal and Non-invasive Medical Devices.

Keynote speakers at the summit include CEOs and vice presidents of global leading companies, CEOs of Nasdaq-traded hi-tech companies and CEOs of leading technology and life science companies. Featured speakers include presidents and CEOs of NDS, Zoran, Orckit, Given Imaging, Siemens Venture Capital and GE Healthcare Israel, and the Director of the Directorate General for Research at the European Commission. Additional speakers include senior vice presidents from Intel, IBM, Applied Materials, Broadcom Corp., and others. In addition, top tier start-up companies and world wide leading researchers from academia will present over 100 projects featuring the next frontiers of technology and scientific breakthroughs and unveil their coming innovative achievements.

During the summit the Israel Innovation Award will be given to a leading individual in an Israeli advanced industry, with unique accomplishments in technological innovation.

Additional details are available on: www.israelinnovationsummit.com. Registration is online via the conference website.