TechNation / Miami Police Feeding Fake Info to Waze

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WazeCredit: Bloomberg

Miami police feeding fake info to Waze

Police in Miami are downloading Waze, the GPS and social network app for traffic navigation that was developed in Israel, to foil motorists’ efforts to warn others of the presence of police. Autoblog, which covers the automobile sector, cited a local television station in reporting that hundreds of members of the Miami police have downloaded Waze to flood the system with false information about their presence, which presumably includes the location of speed traps. “It puts us at risk, puts the public at risk, because it’s going to cause more deadly force encounters between law enforcement and suspects,” Sgt. Javier Ortiz, president of the Miami Fraternal Order of Police, told the NBC 6 South Florida station. Waze, sold to Google in 2013 for about $1 billion, countered that knowing where police are located actually makes motorists slow down, although some road-safety advocates say using the app is also distracting to drivers. (TheMarker)

Nano-Textile files for share offering

Nano-Textile of Nahariya, which has developed a line of anti-bacterial textiles to be used for hospital bed linens and clothing worn by medical staff and patients, has filed to raise $3 million from the sale of shares on Wall Street’s over-the-counter market at a company valuation of $11 million, the Globes business daily has reported. The company is not making use of the services of underwriters and is instead marketing its stock itself. Nano-Textile meets the U.S. Securities and Exchange Commission definition of a growth company, thereby streamlining the process of meeting regulatory requirements, Globes said. Founded in 2013, the textile company has signed a licensing agreement with the research and development affiliate of Bar-Ilan University, which holds a patent related to textile production. (TheMarker)

R2Net acquires full control of 3-D diamond photography firm

R2Net, the Israeli Internet firm that runs the James Allen online bridal-jewelry website, is acquiring full control of Segoma, a company that has developed photography technology that enables diamonds to be shown in 3-D on the Internet, the Calcalist business daily reported. The terms of the acquisition from Segoma’s founders were not disclosed, but Calcalist said it was estimated at $18 million, and noted that R2Net had already owned a stake in Segoma. The 3-D photography firm was founded in 2012. Its R&D center is in Herzliya, and it has service centers at the Ramat Gan diamond exchange, in New York and in Mumbai. Calcalist noted that R2Net has kept a low profile but has nonetheless been growing rapidly and has revenues from jewelry sales of tens of millions of dollars and a staff of about 150. (TheMarker)

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