Energix buys Polish wind farm project
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Energix Renewable Energies has acquired rights to build a 400 million shekel ($101 million) wind farm in Poland, capable of generating 50 megawatts of power when it is completed by year’s end, the publicly traded company said on Sunday. It said the project is the first of three stages that may eventually produce as much as 192 megawatts of power for utilities in Poland, which is planning to produce some 5,600 megawatts nationwide by 2020. Energix, which is 67%-owned by the real estate company Alony Hetz, bought rights to the project through a company called Euroscape for 7 million euros ($7.7 million). It will pay another 8.1 million euros if the project’s additional stages are completed.
DreaMed licenses pancreas pump to Medtronics
DreaMed Diabetes said yesterday it had licensed its artificial pancreas technology for integration into insulin pumps made by Medtronic, which in turn invested $2 million in the Israeli startup. DreaMed said it would receive undisclosed royalties from future sales of each device using its technology, while Medtronic will be responsible for the development and marketing of the pumps. DreaMed’s GlucoSitter analyzes the body’s glucose levels and directs the pump to deliver the correct dose of insulin to the body, mimicking the behavior of a healthy pancreas, lowering the risk of suffering low and high blood glucose episodes. The global market for products to manage diabetes currently stands at $41 billion, but will surpass $114 billion by 2018, with insulin-dependent patients representing half the market.
Wix buys mobile website builder Moment.me
Moment.me, which offers a platform for building mobile websites for events, announced at the end of last week that it is being acquired by the website-building company Wix, for a reported price of $10 million. The startup confirmed the sale in a blog post on its homepage, where it said that by the end of the month it would be closing down all of its services, except for Leads – a social-marketing, lead-generation service. Wix, which is traded on Nasdaq, has been working in recent months to expand the line of niche products it offers – such as Wix Music, which it launched a week before buying Moment.me, and expand beyond its core website-building business. It has been collaborating with Moment.me for several months on a platform for businesses to create micro-sites for events.