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International Internet Magazine. Baltic States news & analytics Sunday, 20.01.2019, 17:36

Israeli firm working with NASA gaining foothold in Lithuania

BC, Vilnius, 01.12.2017.Print version
Ricor Systems 2011 – A.C.S. Ltd., an Israeli scientific research company working with defense and space projects, has filed an application under the EU Smart FDI instrument and said it aimed to establish a unique perimeter monitoring and security device Halo in Lithuania, Verslo Zinios business daily said, cites LETA/BNS.

According to the project application, the project is estimated at 2.9 million euros, with 1.9 million euros requested from the European Union.


"Processing of the Ricor application is still in the early phase, let's wait until all the i's have been dotted by the Lithuanian Business Support Agency," said Arturas Jakubavicius, the head of the Innovations Support Services Department at the Lithuanian Innovations Center, adding that a number of foreign companies were interested in the Smart FDI measure.

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