Roni Giladi Appointed as Chief Financial Officer of Sapiens

CARY, North Carolina, June 17 /PRNewswire-FirstCall/ -- Sapiens International Corporation N.V. a member of the Emblaze / Formula Group , today announced the appointment of Mr. Roni Giladi to serve as Chief Financial Officer of the Company. The appointment will take effect on June 30, 2007.

Until recently, Mr. Giladi served as Director of Finance at the Emblaze/Formula Group. Prior to joining Emblaze, Mr. Giladi served as Chief Financial Officer of RichFX for 4 years, after serving as Corporate Controller for 1 year. Mr. Giladi began his financial career working for 5 years at Ernst & Young Israel, as a manager in the high-tech practice group. Mr. Giladi is Certified Licensed Public Accountant and holds a Bachelor's degree in Business Management and Accounting from the College of Management in Israel.

Mr. Giladi will replace Mr. Ori Brin. Mr. Brin will continue to advise the Company and assist Mr. Giladi in his transition.

The company recently announced the completion of a $20 million private placement from institutional investors, and the repayment of a portion of its debt through the repurchase of approximately $3.5 million of its convertible debentures (Series A).

Mr. Roni Al-Dor, President and CEO of Sapiens International, commented, "I thank Ori for all his hard work over the past few years as we implemented our turn-around program, bringing the company back to operational profitability and ultimately, completing the private placement investment. Ori played an important role and made valuable contributions to the success that we are experiencing at Sapiens. I wish Ori the best of luck in his future endeavors."

Mr. Al-Dor further commented, "With our recently closed private placement investment and repayment of debt, we are facing a new future at Sapiens. I wish Roni much success in his new position and am confident that he will contribute a lot to Sapiens."

For additional information: Roni Al-Dor Chief Executive Officer Sapiens International +972-8-938-2721 E-mail: IR.Sapiens@sapiens.com About Sapiens International

Sapiens International Corporation N.V. , a member of Formula Group , and the Emblaze Ltd group, is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations to adapt quickly to change. Sapiens' innovative solutions are widely recognized for their ability to cost-effectively align IT with the business demands for speed, flexibility and efficiency. Sapiens operates through its subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific, and has partnerships with market leaders such as IBM and EDS. Sapiens' clients include AXA, Liverpool Victoria, Norwich Union, OneBeacon, Principal Financial Group, Prudential, ING, Menora Mivtachim, and Occidental Fire & Casualty among others. For more information, please visit http://www.sapiens.com/.

Except for historical information contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the Company's accounting policies, specific system configurations and software needs of individual customers and other risk factors detailed in the Company's SEC filings.

Sapiens Technologies

CONTACT: Roni Al-Dor, Chief Executive Officer, Sapiens International,
+972-8-938-2721, E-mail: IR.Sapiens@sapiens.com

AgustaWestland Selects Goodrich Rescue Hoist for Swiss Mountain Rescue Bases

CHARLOTTE, N.C., June 17 /PRNewswire-FirstCall/ -- (Paris Air Show) -- AgustaWestland has selected Goodrich Corporation to supply the rescue hoists for the Swiss Air-Rescue REGA Grand helicopter fleet to be used at mountain rescue bases located throughout Switzerland.

Under the terms of the contract, Goodrich's hoist and winch team, headquartered in Diamond Bar, Calif., will provide externally-mounted, DC electric rescue hoist systems and support structures with deliveries beginning in 2008.

According to Bob Strickland, European Business Development Manager for Goodrich's hoist and winch team, "We are delighted to be chosen as AgustaWestland's rescue hoist supplier for these helicopters. We will ultimately be providing the Swiss Air-Rescue team with the latest technological advancements and performance. Our system offers improvements over traditional technology such as: cable offset detection; higher electromagnetic interference standards; and a fast rope attachment which can be used in insertion and extraction operations. We will also be providing our industry unique, Category One translating drum technology for this state-of- the-art search and rescue helicopter fleet."

Goodrich's hoist and winch team produces both traditional level wind and industry-unique translating drum cable management systems. Because the mission capabilities of the design concepts are so unique, Goodrich distinguishes between the technologies by category distinctions -- translating drum as Category One and the traditional level wind as Category Two. Goodrich is the only manufacturer of the Category One technology in the world.

Goodrich Corporation's hoist and winch team has two locations, Diamond Bar, Calif. and St. Ouen l'Aumone, France, producing a complete line of external and internal rescue hoists and cargo winches. The hoist and winch team is part of Goodrich's Sensors and Integrated Systems division.

Visit http://www.goodrich.com/presskit/ for a high-resolution image of Goodrich's rescue hoists for the Swiss Air-Rescue REGA Grand helicopter fleet.

Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information visit http://www.goodrich.com/.

Goodrich Corporation operates through its divisions and as a parent company for its subsidiaries, one or more of which may be referred to as "Goodrich Corporation" in this press release.

Visit the Goodrich pavilion during the Paris air show at "Goodrich G1" located on the static display just outside of the halls 2A and 2C.

GR - Electronic Systems

Goodrich Corporation; GR - Electronic Systems

CONTACT: Gail Warner, +1-704-277-3943, or Lisa Bottle, +1-704-258-1506,
both of Goodrich Corporation

Web site: http://www.goodrich.com/
http://www.goodrich.com/presskit/

Goodrich Awarded UK Government Funding to Develop Electric Technologies for the Next Generation of Commercial Aircraft

CHARLOTTE, N.C., June 17 /PRNewswire-FirstCall/ -- (Paris Air Show) -- Goodrich Corporation has been awarded funding by the UK Department of Trade and Industry's Technology Program to develop electric engine start technologies. An extension of the "Integrated Wing" program, "AMES" (Advanced More Electric Systems) is designed to support the needs of the next generation Airbus and Boeing single-aisle aircraft.

Goodrich's Electrical Power Systems team based in Pitstone, UK, will lead a UK industry consortium to develop electric engine start technologies which will contribute to reduced engine emissions and lower operating costs for next generation, single-aisle aircraft.

UK Science and Innovation Minister, Malcolm Wicks stated, "The UK has a proud history of innovation in science and technology, particularly in the aerospace sector. We believe that we must work with industry to develop the marketable products and services of tomorrow, so that we can maintain our position as a leading global economy. That is why we're supporting this project, which provides a great opportunity to harness our world class expertise in aerospace and use it to boost our economy and quality of life."

Goodrich's Peter Crouchley, Vice President of Engineering, Electrical Power Systems, added, "This is a very exciting endeavor for our team as well as the whole of Goodrich. This award will allow our team to further develop the electric engine start capability of our award-winning variable frequency technology, an approach that has substantial benefits in the reduction of aircraft weight, cost and emissions. AMES will deliver this electric start capability while meeting the unique single-aisle aircraft design requirements."

Goodrich will work alongside Airbus UK, GE Aviation (formerly Smiths Aerospace), Norfolk Capacitors and Semelab to develop the AMES technologies.

Visit http://www.goodrich.com/presskit/ for a high-resolution image of Goodrich's electrical power technology contribution to AMES.

Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information visit http://www.goodrich.com/.

Goodrich Corporation operates through its divisions and as a parent company for its subsidiaries, one or more of which may be referred to as "Goodrich Corporation" in this press release.

Visit the Goodrich pavilion during the Paris air show at "Goodrich G1" located on the static display just outside of the halls 2A and 2C.

About the Technology Program

The Technology Program provides funding using two of the UK's Department of Trade and Industry business support products -- Collaborative Research & Development and Knowledge Transfer Networks. Between 2005-2008, 320 million pounds Sterling in funding is being made available to businesses to support research and development in technology areas identified by the government's Technology Strategy Board. This funding is increased by contributions from other government departments.

The program is investing directly in new and emerging technologies and has been designed to help businesses work collaboratively with each other or with academic partners to develop technologies that will underpin products and services of the future.

Since 2004, the Technology Program has supported over 600 projects across 40 technology areas with a combined business and government investment worth over 900 million pounds. For further information visit http://www.dti.gov.uk/innovation/technologystrategy.

GR - Electronic Systems

Goodrich Corporation; GR - Electronic Systems

CONTACT: Gail Warner, +1-704-277-3943, or Lisa Bottle, +1-704-258-1506,
both of Goodrich Corporation

Web site: http://www.goodrich.com/
http://www.goodrich.com/presskit

AgustaWestland Selects Goodrich Rescue Hoist for Swiss Mountain Rescue Bases

CHARLOTTE, North Carolina, June 17 /PRNewswire/ --

(Paris Air Show) -- AgustaWestland has selected Goodrich Corporation (NYSE: GR) to supply the rescue hoists for the Swiss Air-Rescue REGA Grand helicopter fleet to be used at mountain rescue bases located throughout Switzerland.

Under the terms of the contract, Goodrich's hoist and winch team, headquartered in Diamond Bar, Calif., will provide externally-mounted, DC electric rescue hoist systems and support structures with deliveries beginning in 2008.

According to Bob Strickland, European Business Development Manager for Goodrich's hoist and winch team, "We are delighted to be chosen as AgustaWestland's rescue hoist supplier for these helicopters. We will ultimately be providing the Swiss Air-Rescue team with the latest technological advancements and performance. Our system offers improvements over traditional technology such as: cable offset detection; higher electromagnetic interference standards; and a fast rope attachment which can be used in insertion and extraction operations. We will also be providing our industry unique, Category One translating drum technology for this state-of-the-art search and rescue helicopter fleet."

Goodrich's hoist and winch team produces both traditional level wind and industry-unique translating drum cable management systems. Because the mission capabilities of the design concepts are so unique, Goodrich distinguishes between the technologies by category distinctions -- translating drum as Category One and the traditional level wind as Category Two. Goodrich is the only manufacturer of the Category One technology in the world.

Goodrich Corporation's hoist and winch team has two locations, Diamond Bar, Calif. and St. Ouen l'Aumone, France, producing a complete line of external and internal rescue hoists and cargo winches. The hoist and winch team is part of Goodrich's Sensors and Integrated Systems division.

Visit http://www.goodrich.com/presskit/ for a high-resolution image of Goodrich's rescue hoists for the Swiss Air-Rescue REGA Grand helicopter fleet.

Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information visit http://www.goodrich.com.

Goodrich Corporation operates through its divisions and as a parent company for its subsidiaries, one or more of which may be referred to as "Goodrich Corporation" in this press release.

Visit the Goodrich pavilion during the Paris air show at "Goodrich G1" located on the static display just outside of the halls 2A and 2C.

GR - Electronic Systems

Web site: http://www.goodrich.com http://www.goodrich.com/presskit

Goodrich Corporation; GR - Electronic Systems

Gail Warner, +1-704-277-3943, or Lisa Bottle, +1-704-258-1506, both of Goodrich Corporation

AgustaWestland choisit les treuils de sauvetage Goodrich pour les bases suisses de secours en montagne

CHARLOTTE, Caroline du Nord, June 17 /PRNewswire/ --

(Salon international de l'aéronautique et de l'espace de Paris-Le Bourget) - AgustaWestland a choisi Goodrich Corporation (NYSE : GR) pour fournir les treuils de sauvetage destinés à la vaste flotte d'hélicoptères que la REGA, la Garde Aérienne Suisse de Sauvetage, utilise sur ses bases d'intervention en montagne réparties à travers toute la Suisse.

Selon les termes du contrat, la division Treuils (Hoist and Winch) de Goodrich, dont le siège se trouve à Diamond Bar, en Californie, fournira des systèmes de treuils de sauvetage électriques à alimentation en courant continu, qui seront montés à l'extérieur des appareils, ainsi que les structures de soutien correspondantes. Les livraisons devraient commencer en 2008.

Comme l'affirme Bob Strickland, directeur du développement commercial pour l'Europe de la division Treuils de Goodrich : << Nous nous réjouissons d'avoir été sélectionnés par AgustaWestland comme fournisseurs de treuils de sauvetage pour ces hélicoptères. En fin de compte, nous fournirons à la REGA les performances et progrès les plus récents en matière de technologie. Notre système propose des améliorations par rapport aux technologies traditionnelles, telles qu'une détection du décalage du câble, de meilleures protections contre les interférences électromagnétiques et une fixation rapide de la corde qui peut être utilisée lors d'opérations d'insertion et d'extraction. Cette flotte de recherche et de sauvetage par hélicoptère à la pointe de la technologie bénéficiera également de notre technologie exclusive du tambour à câble coulissant Category One. >>

La division Treuils de Goodrich produit à la fois des systèmes d'enroulement traditionnels et des systèmes exclusifs de gestion du câble par tambour à câble coulissant. Parce que les deux systèmes offrent des capacités très différentes en termes de missions, Goodrich les distingue par catégorie en appelant Category One le tambour à câble coulissant et Category Two la technique d'enroulement classique. Goodrich est le seul fabriquant au monde à proposer cette technologie de Category One.

La division Treuil de Goodrich Corporation possède deux sites, Diamond Bar, en Californie et Saint-Ouen-l'Aumône, en France, qui produisent une gamme complète de treuils de chargement et de treuils de sauvetage pour des opérations internes et externes. La division Treuils fait partie de la division Capteurs et systèmes intégrés de Goodrich.

Rendez-vous sur le site http://www.goodrich.com/presskit/ pour voir une image en haute résolution des treuils de sauvetage Goodrich qui équiperont la flotte d'hélicoptères de la REGA, la Garde Aérienne Suisse de Sauvetage.

Goodrich Corporation, une société classée au palmarès Fortune 500, est un fournisseur mondial de services et de systèmes destinés aux marchés de l'aérospatiale, de la défense et de la sécurité du territoire. Avec l'un des portefeuilles de produits les plus stratégiquement diversifiés du secteur, Goodrich met au service de sa clientèle internationale d'importantes installations de fabrication et de services réparties dans le monde entier. Pour plus de renseignements, consultez le site http://www.goodrich.com.

Goodrich Corporation opère par l'intermédiaire de différentes divisions et en tant que société mère pour ses filiales ; l'une ou plusieurs de ces entités peuvent être désignées sous le nom << Goodrich Corporation >> dans le présent communiqué.

Pendant le Salon International de l'Aéronautique et de l'Espace de Paris-Le Bourget, venez visiter le pavillon Goodrich à l'emplacement << Goodrich G1 >> dans l'espace d'exposition statique situé juste devant les halls 2A et 2C.

GR - Electronic Systems

Sites Internet : http://www.goodrich.com http://www.goodrich.com/presskit

Goodrich Corporation; GR - Electronic Systems

Gail Warner, tél : +1-704-277-3943, ou Lisa Bottle, tél : +1-704-258-1506, toutes deux de Goodrich Corporation

Koor Industries' Affiliate ECI in Discussions Regarding Potential Sale of ECI for 10$ Per Share

TEL AVIV, Israel, June 17 /PRNewswire-FirstCall/ -- Koor Industries Ltd. ("Koor"), a leading Israeli holding company, announced that its affiliate (28% Holdings) ECI Telecom Ltd. ("ECI") today announced, in response to media reports, that it is currently in discussions with a group of investors led by Swarth Investments, an investment vehicle controlled by Shaul Shani, regarding a potential acquisition of all the shares of ECI by the group for a consideration of $10.00 per share in cash. There can be no assurance at this stage as to whether this transaction will be consummated, and if consummated what the actual consideration would be. Any potential transaction would be subject to the negotiation and execution of a definitive agreement and other related agreements, as well as to regulatory and other customary approvals and conditions. ECI does not intend to make any further comment, or respond to any inquiries, until a binding agreement, if any, is reached with respect to a purchase, or talks have been terminated.

Koor currently estimates, based on the current US$/NIS exchange rate and ECI's results of the first quarter of 2007, that if a transaction is consummated at the above mentioned price per share, Koor will record capital gain of approximately NIS 598 million.

About Koor Industries

Koor Industries is a leading Israeli holding company, focusing on high- growth, internationally-oriented, Israeli companies. Koor actively invests in agrochemicals through Makhteshim Agan Industries; in telecommunications through its holdings in ECI Telecom, ECTel and Telrad Networks; and in venture capital through Koor Corporate Venture Capital. Koor's ADSs (American Depositary Shares) are traded on the New York Stock Exchange and Koor's Ordinary Shares are traded on the Tel Aviv Stock Exchange .

Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, international market conditions, domestic political factors, technological developments, ability to finance operations, and other factors which are detailed in the Company's SEC filings.

Company Contact IR Contacts Oren Hillinger, Finance Director Ehud Helft / Kenny Green Koor Industries Ltd. GK Investor Relations Tel: 972 3 607- 5111 Tel: 1 866 704 - 6710 Fax: 972 3 607- 5110 Fax: 972 3 607 - 4711 oren.hillinger@koor.com info@gkir.com

Koor Industries

CONTACT: Oren Hillinger, Finance Director of Koor Industries Ltd., 972 3
607-5111, oren.hillinger@koor.com; IR Contacts, Ehud Helft or Kenny Green of
GK Investor Relations, +1-866-704-6710, info@gkir.com, for Koor Industries

Web site: http://www.koor.com/

Koor Industries Files its 2006 Annual Report on Form 20-F

TEL AVIV, Israel, June 17 /PRNewswire-FirstCall/ -- Koor Industries Ltd. , has filed its Annual Report on Form 20-F for the fiscal year 2006 (the "Form 20-F") with the United States Securities and Exchange Commission.

The Form 20-F is also posted on the company's website, http://www.koor.com/ in the "Investor Relations" section under "Financial Reports." Hard copies of the Form 20-F, which includes the company's complete audited financial statements, may be obtained free of charge to shareholders upon request.

About Koor Industries

Koor Industries is a leading Israeli holding company, focusing on high- growth, internationally-oriented, Israeli companies. Koor actively invests in agrochemicals through Makhteshim Agan Industries; in telecommunications through its holdings in ECI Telecom, ECTel and Telrad Networks; and in venture capital through Koor Corporate Venture Capital. Koor's ADSs (American Depositary Shares) are traded on the New York Stock Exchange and Koor's Ordinary Shares are traded on the Tel Aviv Stock Exchange .

Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, international market conditions, domestic political factors, technological developments, ability to finance operations, and other factors which are detailed in the Company's SEC filings.

Company Contact IR Contacts Oren Hillinger, Finance Director Ehud Helft / Kenny Green Koor Industries Ltd. GK Investor Relations Tel: 972 3 607- 5111 Tel: 1 866 704 - 6710 Fax: 972 3 607- 5110 Fax: 972 3 607 - 4711 oren.hillinger@koor.com info@gkir.com

Koor Industries

CONTACT: Oren Hillinger, Finance Director of Koor Industries Ltd., 972 3
607-5111, oren.hillinger@koor.com; IR Contacts, Ehud Helft or Kenny Green of
GK Investor Relations, +1-866-704-6710, info@gkir.com, for Koor Industries

Web site: http://www.koor.com/

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News archive of November 2009
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