Aerotel, Ltd.

Aerotel, Ltd. Aerotel, Ltd. is a privately-held Israeli company, founded in 1985 by Zvi Kamil and the investor Eli Nhaissi. The company concentrates its activity in telecommunications and medical technology. The telecommunications division specializes in voice processing systems for voice mail and other information-based applications. In addition to having developed the system for prepaid calling cards, it is one of the recognized leaders in pulse-to-tone conversion technology, selling its products in over 30 countries. The medical technology division has two lines of equipment: the HIPEC, which assists physicians in analyzing electrocardiograms, and the Heart Line, which facilitates remote patient monitoring, both for diagnostic and emergency applications.

The leading force in Aerotel is Zvi Kamil, who serves as President and Eli Nhaissi as Chairman of the Board, Zvi Kamil directs the operations of the telecommunications division. Prior to founding Aerotel, Kamil served as Chief Scientist of Israel's Ministry of Communications, and held senior positions at Elscint, Rafael (one of Israel's leading defense contractors), and the Israeli Atomic Energy Commission. He has been recognized with the Israel Defense Award and is the holder of eight patents. Assisting Kamil on the business side is Professor Haim Ben-Shahar, formerly President of Tel Aviv University, and a renowne economic authority.

Kamil filed his patent application on systems for enabling prepayment for telephone calls in 1985, and the patent (#4,706,275) was issued long before others recognized the multiplicity of benefits which such a system brings to the marketplace. Aerotel's initial efforts to license the system, in the late 1980's, were unsuccessful because, at that time, few appreciated the value of the product. But once competition in the long distance industry intensified in the early 1990's, participants increasingly sought new products to differentiate themselves from competitors, and interest in prepaid telephone calls exploded almost overnight.

Upon concluding its first license agreement with Bell Atlantic Verizon in the fall of 1994, Aerotel appointed Aerotel U.S.A. Inc., a wholly owned subsidiary, to accept and process applications for licenses to the patented system. From its offices in 608 Fifth Ave,New York NY 10020 conducts all licensing operations, from the processing of applications to the collection of fees.