On September 15, 2016, the lawsuit filed against Metal-Tech, Mr. Aik Rozenberg and Iscar was setteled by arbitration, providing a 450K NIS compensation to the Company to be paid by Mr. Rozenberg. In addition to the return of 100K NIS court fee that was paid by the Company at the time of the lawsuit submission. A total of 550K NIS.
TechnoPlus sells 50% of its holdings in its portfolio company Sagrarmatha to other existing shareholders of Sagarmtha after they invoked their right of first refusal. TechnoPlus received the initial payment of 1.4M NIS and will receive additional payments if Sagarmatha will achieve certain profitability goals and if an exit event occurs.
On November 24, 2013, TechnoPlus received approx. $440,000, dividend from it's portfolio company, Sagarmatha, out of a total dividend distribution of $750,000. An additional amount of $118,000 was received during August 2014. The remaining amount of approx. $192,000 is expected to be payed on August 2015.
On July 28, 2014, CompuLab announced that it is looking at a possible IPO in NASDAQ or AIM. The process is in it's initial stage.
On December 31, 2012, TechnoPlus completes it's purchase of CompuLab Ltd.. TechnoPlus purchased 12.5% of CompuLab Ltd. shares, alongside its controlling shareholders, for 1.25 million USD.
Sagrarmatha signs an agreement with a third party. Sagrarmatha and the third party will cooperate in promoting Sagrarmatha's products. In addition the third party recieved an option to to purchase Sagrarmatha within six months.
On Febuary 15, 2012, TechnoPlus sold its holdings of Shekel Electronic Scales Ltd. to an American private equity, Axcel Partners VI, LLC, for 2.5 million USD.
D-Led filed a PCT on a system it has been developing for the past year. The system will allow illumination of Agriculture crops and Greenhouses.
The marketing of the system to potential customers is expected to start in 2012.