Features
New Israeli company launches on Canadian Stock Exchange in 2019 and hopes to attract more Canadian investors
By BERNIE BELLAN
In January of this year I was contacted by an old friend who has specialized in bringing small companies to market. I was asked whether I was aware how many small Israeli companies have been launching Initial Public Offerings on various Canadian stock exchanges, especially the Venture Exchange of the Toronto Stock Exchange (TSX-V) in recent years?
I responded that I had heard from time to time of Israeli companies coming to Canada seeking investors and that I was always interested in learning more.
I was then told that one such company, known as Water Ways, would be sending representatives to meet with potential investors at a Winnipeg law office (Pullan Frohlinger Kammerloch) on January 28.
Subsequently, I was asked whether I’d be interested in interviewing two of the principals of Water Ways: Ronnie Jaegermann, who is a director of the company and who has an extensive background as an investment banker; and Ohad Haber, who is the CEO and founder of Water Ways.
(In case you’re wondering why I’ve listed Jaegermann ahead of Haber, it’s because that Haber admitted at the outset of an interview I conducted with the two of them on February 17 over the phone that his English is not nearly as good as Jaegermann’s; thus, he deferred to Jaegermann during most of the interview.)
As background material that I read prior to writing this article, a piece written by my friend Paul Lungen for the Canadian Jewish News in January 2019 proved to be quite useful. Paul’s article appeared shortly before Water Ways launched its IPO on the TSX-V.
Paul wrote: “A short drive southeast of Haifa, not far from Kiryat Tivon, one will find Kibbutz Ramat-David, where the high-tech irrigation company Irri-Al-Tal has its headquarters.
“There, in Israel’s Jezreel Valley, Irri-Al-Tal develops sophisticated irrigation water systems. Pipes, pumps, driplines and command-and-control systems that operate in the cloud and improve the efficient use of water are all part of Irri-Al-Tal’s product line, which can be found watering crops as far afield as China, Ecuador, Peru and Ethiopia…
Paul’s article noted that Irri-Al-Tal was going to be listed on the TSX-V as “Water Ways” (WWT is how you can find it on the exchange.)
Pauls’s article continued: “Worldwide, irrigation is a $17 billion business, of which Israel’s share is $2 billion and Irri-Al-Tal’s piece of that is less than one per cent.
“In 2017, Irri-Al-Tal reported revenue of nearly $14 million and net income of $967,571. Two year before that, revenue was $8.5 million and net income was $64,216.”
Another interesting element of Pauls’ article – and something that was explored in some detail during the course of my interview with Jaegermann and Haber, was Water Ways’ keen interest in tapping into Canada’s booming cannabis market.
Paul wrote: ‘ “Canada is the biggest public market for cannabis companies in the world,” Jaegermann said, noting that the Canadian company Cronos already has a cannabis venture in Israel and that Irri-Al-Tal “is the primary contractor for their irrigation system.”
‘ “Israel is known for its precision irrigation technology,” Jaegermann continued. Drip irrigation was developed in Israel, where water conservation is a priority. With drip irrigation, 95 per cent of the water is absorbed by the plants and only five per cent is run off.’
When I talked with Haber and Jaegermann, I learned that Irri-Al-Tal was started by Haber in 2004. From information available on the Water Ways website I learned that Haber has an extensive background in the irrigation business, both on the sales and operational sides of the business.
The website also notes that, at Water Ways, “We design, supply, install & maintain irrigation systems for application in various agricultural and aquaculture operations. Our goal is to allow our clients to focus on efficiently growing their crops, their project & their business, by offering our experienced and professional logistic services.
The website continues: “Our mission is to make Israeli agriculture technology accessible to a much wider market around the globe. We focus on purchasing, assembling and exporting technologically advanced irrigation products & systems, manufactured by the leading Israeli companies and distribute them to our global clients.” (During the interview Jaegermann listed China, Mexico, Ethiopia, Georgia, Laos, and Peru as countries where Water Ways has either sold irrigation components or complete irrigation systems.)
Finally, the website notes that ,”With the growth of precise irrigation technologies in the global market, Water Ways Technologies has started to investigate the development of its own solution. The main objective of our research & development efforts is to bring to market a technological solution what will enable agricultural operators to make more intelligent, data-driven decisions, as well as automating time-consuming and labor-intensive processes.”
When I spoke with Jaegermann and Haber over the phone, Jaegermann elaborated on the various components in Water Ways’ business: “Water Ways is engaged in different components. The first is selling Israeli water irrigation technology worldwide – like drip irrigation parts, valves, filters – all manufactured in Israel.
“The other part of the business is designing complete irrigation projects. It’s about a $13 million business. We went public in March 2019, raising about $3.5 million.”
I noted that other smaller Israeli companies looking for new sources of investment have found Canada to be an attractive place to raise capital. I asked Jaegermann why that is?
“Unless your company is at least $100 million in size you can’t go public in Israel on the Tel Aviv Stock Exchange,” Jaegermann explained He added that the NASDAQ (which also has many high-tech companies trading on it) presents the same problem for companies which wish to go public and want to expand beyond the initial small cap phase.
As a result, many Israeli companies have gone either to Australia or Canada to raise capital, Jaegermann noted. Both countries have venture stock exchanges which specialize in bringing small cap companies to market.
Another interesting aspect of trading on a Canadian stock exchange for Water Ways is that Canada is now the world’s most advanced market for cannabis related companies and Water Ways is actively involved in selling irrigation equipment to companies in that particular field.
“After the IPO we acquired the assets of a Canadian irrigation distributor (now known as HG Water Ways).” Jaegermann noted that Water Ways has been pinpointing the cannabis market as one that can profit from drip irrigation technology to a very large extent – and that by grabbing a foothold in the cannabis business now, Water Ways is set to grow as new markets for legally grown cannabis open up.
I asked Jaegermann about the meeting which was recently held in the Winnipeg law office to which I referred at the beginning of this article – during which representatives of Water Ways met with potential investors.
Jaegermann said tthat he thought “the meeting went very well. We had about 12 or 14 people in the room and they were very receptive to our story. At the end of the day we provide farmers with the most sophisticated form of water irrigation in the world. It’s the greenest way to grow crops – all developed in Israel.”
I asked though whether the drip irrigation market isn’t already fairly crowded with other companies?
Ohad Haber responded with a short, but to the point answer: “Not so much in Canada”.
Jaegermann added that the drip irrigation market worldwide is worth approximately $2-2.5 billion, Israeli companies occupy about 80% of the market and, he said. Jaegermann added that while, “of all the companies involved, we’re the smallest company right now – our target is to be a $100 million company in a few years.”
Haber also emphasized the potential that the North American market presents as a huge opportunity for drip irrigation companies, since until quite recently it was only other areas of the world, such as South Africa, Asia, and South America where Israeli companies saw potential for developing new customers. By being one of the first Israeli companies to see the tremendous opportunities presented by tapping into the North American market, Water Ways anticipates very large growth in the coming years.
If you would like to find out more about Water Ways, go to their website: water-ways-technologies.com
Features
Hacker and Fraud Prevention for Online Gambling Profiles
Safeguard your online casino & sports betting accounts from cyber threats
Follow these 10 vital steps to reinforce your online gambling profile by enabling two-factor authentication, using VPNs, unique passwords and more.
With the global online gambling market projected to reach over $100 billion by 2026, securing your online casino and sportsbook accounts is more critical than ever. As digital wallets swell with winnings so too does the motivation for cybercriminals to steal credentials and loot accounts.
#1. Activate Two-Factor Authentication
Topping the list is two-factor authentication (2FA) – requiring two credentials to login instead of one at FanDuel. Often this entails providing your password plus a one-time code sent via SMS or email.
Per an Oracle study, implementing 2FA would have thwarted 99% of historical cyber attacks that involved stolen credentials.
Most regulated online gambling sites offer 2FA, accessible under account settings. Turn it on immediately for stronger defense.
#2. Never Reuse or Recycle Passwords
A cardinal sin is recycling the same password across multiple sites or services. Once one account is breached, cyber thieves can access more accounts using that same password.
To avoid this, every account deserves a unique, strong password. For simplicity, utilize a password manager app to randomly generate and store site-specific passwords.
#3. Install a VPN for Public Wi-Fi Access
When playing online casino games on shared/open wireless networks, your data flows openly and risks interception. That’s where virtual private networks (VPNs) come in.
VPNs encrypt all network traffic to and from your device. This protects your gambling activity and account credentials from Wi-Fi eavesdroppers. VPNs also disguise your IP address.
Some top-rated services include NordVPN, ExpressVPN and CyberGhost.
#4. Keep Software Updated & Run Anti-Virus Scans
You must keep computers and mobile devices updated with the latest OS and security patches. Postponing critical updates leaves open dangerous holes that malware exploits.
Likewise run reputable anti-virus scans to catch viruses attempting to infiltrate systems and spy on login credentials for financial accounts.
#5. Verify the Security & Encryption of Sites
When signing up at online betting sites and casinos, verify the legitimacy of their security measures:
- Confirm the address starts with HTTPS, not HTTP
- Check that data transmissions are encrypted using at least 128-bit SSL
- Ensure site has proper licensing
- Review privacy policy for data storage and sharing
Reputable sites will display trust badges from companies like Norton and TrustE.
#6. Avoid Account Sharing
While tempting to give friends or relatives access to funded accounts, sharing login credentials is extremely risky. You lose control over deposits/withdrawals while exposing yourself to potential theft.
Instead, gift deposits to other player accounts or refer them to open their own secure accounts.
#7. Beware Account Takeover Scams
Exercise caution if contacted unexpectedly about unusual account activity. Savvy scammers will pretend a breach occurred to trick you into handing over your username and password.
If concerned about account integrity, directly access the site yourself and contact customer support – don’t click any links in unsolicited emails.
#8. Monitor Financial Statements
Carefully review online betting account and credit card statements to detect unauthorized transactions right away. Dispute unrecognized activity ASAP to limit losses.
For further vigilance, some banks offer real-time purchase alerts via email or SMS.
#9. Don’t Save Payment Info
Saving credit card or e-wallet details on gambling sites for faster future deposits also expedites withdrawals – by you and potentially hackers.
Instead, manually enter payment info each time to contain potential damage from any account infiltration.
#10. Create a Secure Email
A strong yet oft-overlooked defense is creating a secure email account strictly for gambling transactions. Keep it completely separate from your personal email to isolate threats.
Use a nickname, enable 2FA and establish a strong password using special characters, numbers, case changes and 15+ letters.
Table: Comparison of Top VPNs for Online Gambling Site Security
| VPN Service | Encryption Standard | Number of Server Locations | Allows P2P Traffic | Number of Simultaneous Connections | Money Back Guarantee |
| NordVPN | AES 256-bit | 5400+ | Yes | 6 | 30 days |
| ExpressVPN | AES 256-bit | 3000+ | Yes | 5 | 30 days |
| CyberGhost | AES 256-bit | 7400+ | Yes | 7 | 45 days |
Fortify Your Online Gambling Fortress
As online casinos and sportsbooks explode in popularity, no player is immune to the growing plague of cyber fraud and account theft.
Guard your profile by enabling two-factor authentication, setting strong passwords, installing critical software updates and more. Also research site security measures and payment options.
Features
Vital Role of True Randomness in Modern Computing
The critical need for true randomness in cryptography, simulations, and more
True randomness is essential for encryption, statistical sampling, simulations, and more computing applications to work effectively. We explore why.
The concept of randomness often evokes thoughts of unpredictability and chance occurrences. However in the world of computing, having access to true randomness is vital for many critical applications to function properly. Without the ability to generate random values and data, key aspects of modern technology simply would not work reliably.
In this article, we will explore what constitutes true randomness from a computational perspective, why it is crucially important, and some of the ways that software and hardware attempt to produce randomness reliably. Gaining insight into this topic highlights the dependence much of digital functionality has on the availability of non-deterministic, uniformly distributed random data.
What Makes Randomness “True”?
For data to be considered truly random from an information theory perspective, values must satisfy key mathematical and statistical qualities, for example at Lucky Seven Casino. True randomness implies meeting three core criteria:
- Uniform distribution — All potential values have an equal probability of occurring so that no bias exists towards certain numbers.
- Independence — The value at any position does not relate to or depends on values at other positions. Previous numbers do not influence future ones.
- Unpredictability — Knowing some values provides no useful information to predict other values. Guessing upcoming numbers is mathematically impossible.
Hence, true randomness requires generated data featuring high entropy (information density) with no observable patterns or correlations over any length or time period analyzed. Values must pass various statisticatests of randomness to qualify. True randomness exists only in specific natural phenomena scientists believe exhibit fundamental uncertainty such as radioactive decay. Computational methods can attempt to produce randomness but technically generate only an approximation usually called pseudo-randomness. However for many practical purposes, computationally generated randomness proves sufficient if it passes robust statistical testing.
Why True Randomness Matters Cryptography
Arguably, the area with the most crucial dependence on true randomness is cryptography. All modern encryption technologies require random number generation to ensure security. Encryption systems work by utilizing random numbers for:
- Key generation
- Initialization vectors
- Salts
- Nonces
- Padding
Any bias, predictability or correlation within random values used for the above purposes significantly compromises encryption protocols and introduces vulnerabilities. With trillions of dollars transferred online daily and vast amounts of sensitive data stored digitally, safeguarding cryptography requires high-quality random number generation rooted in solid entropy sources.
Simulations & Modeling
Outside of security, many more computing applications need randomness to operate correctly per their design intent. Monte Carlo simulations extensively utilize randomness to model complex real-world behaviors by running many iterations with differing random inputs. Financial analysis, climate modeling, nuclear reactions and molecular behavior represent common Monte Carlo simulation applications.
Games, Artificial Intelligence & Machine Learning
Gaming, AI and ML commonly incorporate randomness to increase variation, introduce unpredictability, and improve realism. For example, non-player characters in video games use randomness for movement, dialog and behavior to feel more lifelike and less robotic. AI/ML leverage randomness to train networks more thoroughly against a wider possibility space and build more resilient models less prone to biases.
Generating True Randomness via Hardware
Given the pervasive need for genuine randomness across computing, how do software and hardware reliably produce it? Most systems today use either specialized hardware random number generators or hybrid combinations of hardware and software.
Hardware options utilize the inherent randomness within low-level physical phenomena to produce entropy. Different techniques for generating randomness exist but most hardware implementations focus on three main sources:
- Thermal Noise
- Semiconductor Quantum Physics
- Chaotic Oscillator Outputs
| Generator Type | Description |
| Thermal Noise | Amplifies and extracts random electrical noise from resistor thermal vibrations |
| Quantum Physics | Leverages quantum mechanical properties like photon emission timing from LEDs/lasers |
| Chaotic Circuits | Uses unpredictable oscillator circuit outputs from chaos theory |
Semiconductor-based solutions can generate high bitrates up to 5Gbps using compact modern chip fabrication allowing extensive harvestingof entropy. However these sources derive from complex, random physical processes proving impossible to predict or fully model mathematically. This unpredictability provides excellent entropy quality unattainable via software algorithms alone.
Most general-purpose computers now integrate random number generators within CPUs allowing applications access to decent hardware-based random data. For the highest security use cases, dedicated standalone hardware random number generators exist exceeding >100Gbps speeds. Hence accessing genuine randomness is available today even on common computing devices.
Cryptographically Secure Pseudo-Random Number Generators
While hardware mechanisms utilize hard-to-predict physical phenomena to produce randomness, software solutions must take a different approach. Algorithmically-generated randomness cannot achieve true randomness from a physics perspective. However clever mathematical techniques like cyclical algorithms can generate randomness passing many statistical tests of randomness within their output bit length limits.
Cryptographically secure pseudo-random number generators (CSPRNG) serve as the premier software-based method for generating randomness. CSPRNGs work by repeatedly applying cryptographic primitives like hash or cipher functions on initial random seed values. This process produces a chain of output bits not reproducible without the original seed key. Leading CSPRNG algorithms include:
- Hash_DRBG
- HMAC_DRBG
- CTR_DRBG
Software libraries implement these CSPRNGs so developers can integrate quality randomness into applications with proper seeding. Seeding establishes the initial starting point for randomness generation using an entropy source like hardware random number generators or timing variability.
CSPRNGs allow the production of vast quantities of randomized data for any purpose needed. Compared to hardware mechanisms limited by physics on maximum speeds, algorithms scale boundlessly in the bits created as long as adequate computational power exists.
Yet key differences between software and hardware randomness remain. While CSPRNG outputs pass statistical testing and contain no observable patterns, their pseudo-randomness means given the same seed, the exact same value sequence will generate each time. Also, if a CSPRNG algorithm or implementation has flaws, adversaries could predict and exploit output resulting in compromised security. Still, with proper cryptographic design and regular reseeding, CSPRNGs provide quality randomness for most software needs.
Conclusion
From the above exploration, we see true randomness plays a pivotal role across computing – from cybersecurity to simulations and beyond. While no substitutes for true physically-derived entropy exist, modern hardware and hybrid hardware-software solutions provide abundant randomness for practical usage.
However as computing continues evolving with new technologies like quantum, ensuring high-quality randomness generation tackles emerging information security and system reliability challenges. Access to ample true randomness stands necessary now for current computing functionality and lays the foundation for future innovation.
Features
News from Israeli hotels
Introduction: The current wars in Gaza and Lebanon have had a disastrous effect on Israeli tourism. Recently we were contacted by a friend in the advertising business in Israel who asked us whether we would help to promote a couple of well-known Israeli hotels – who are hoping for a huge rebound in bookings once the wars come to an end.
Here is news about two leading Israeli hotels:
Mr. Roy Avidor is the new GM at The Ritz-Carlton, Herzliya.
We are delighted to welcome Roy Avidor as the new General Manager of The Ritz-Carlton, Herzliya!
Roy brings over a decade of leadership in the international hospitality industry, with a proven track record of operational excellence.
Most recently, Roy served as Director of Operations at the Sheraton Grand Tel Aviv, where he oversaw daily operations across multiple departments, always ensuring the highest standards of service. Prior to that, he held management positions at Celebrity Cruise Line and Isrotel Hotel Chain.
Roy’s extensive background in luxury hospitality, combined with his passion for service, makes him the perfect addition to our team and to his newest position as General Manager.
Boaz Elani Appointed General Manager of Sheraton Grand Hotel Tel Aviv
Boaz Elani has been named the new General Manager of the Sheraton Grand Hotel Tel Aviv, a prestigious property within the global luxury Marriott portfolio.
Bringing extensive expertise in luxury hospitality, Boaz most recently served as the General Manager of the Ritz-Carlton Herzliya, also part of the Marriott group. During his three-year tenure, he successfully navigated the hotel through two major challenges: the COVID-19 pandemic and the conflict in Israel. His steadfast dedication to exceptional service significantly enhanced guest satisfaction, solidifying the hotel’s reputation as a premier destination.
“I am honored by Marriott’s trust in me and thrilled to join the Sheraton Grand Tel Aviv team,” said Boaz. “This hotel holds a distinguished place as one of Israel’s finest and most iconic. Following its comprehensive renovation, we are committed to delivering unmatched experiences for our guests and continuing its tradition of excellence.”
The Sheraton Grand Tel Aviv, overlooking the Mediterranean, features 320 beautifully redesigned rooms, including premium, deluxe, and club accommodations, along with luxurious suites. Guests staying in club-level rooms enjoy exclusive access to the 18th-floor lounge, offering breathtaking sea views. The recent renovations incorporate modern aesthetics with natural, seaside-inspired materials, creating a serene and inviting ambiance.
The hotel boasts a range of world-class amenities, including a newly updated beachfront pool, a popular sushi bar open to both guests and the public, and a renowned gourmet breakfast. Its versatile meeting spaces and state-of-the-art conference halls have garnered international acclaim, earning it the 2024 World MICE Award for Best Event and Conference Hotel.
In line with Marriott’s global commitment to sustainability, the Sheraton Grand Tel Aviv has held Green Key Certification since 2014, highlighting its dedication to environmentally responsible practices.
With Boaz Elani at the helm, the Sheraton Grand Tel Aviv is poised to further elevate its status as a premier destination for both leisure and business travelers.
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