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Tel Aviv-based Ltd. signed a jointy venture agreement March 17 withthe ’s IDCASfT and Beavercreek-based to form a new called i23D LLC. The venture will seek to build applications for raw technologhy developedin Israel, where Tidex developed breakthrougj 3-D technology. Researchers there figured out how to transform video into threedimensional renderings, in real Larrell Walters, IDCAST director, said the partnershio plans to reach $10 million in revenue, with abou 30 employees, in three years.
Officials said details are stilkl forming on earlyemployment figures, but initially the partneer companies will provide employees as The business will operated in IDCASTS’s 10,000-square-foot collaborative research center at Tech Town a technology park in downtown Daytojn that is under construction, set for completionb this year. Tidex has less than 20 but has contracts with the andthe . The new technologhy could have a numberof applications, including: • Because nighgt vision systems project in two the technology could give war fighters depth and • Simulation makers, video game and movie producersd could quickly create accurate virtual playgrounds of objects and landscapes.
Potential customers alreadyh are showing interest in developing pilot saidSteve Phipps, a Woolpert senior vice Montgomery County Commissioner Dan Foleyy said the venture indicatex the effort to court Israeli firms may pay dividends. He said officiald have not yetdeclared victory, but will continue to pursue more collaborationd with Israeli companies — in technology, composites and aerospace — that marry well with the Dayton region. “We are looking at a long-ter engagement here,” Foley said. “Success will not happen overnight.
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