The development guarantees savings of hundreds of millions of dollars for the electric companies in Israel and around the world * The electric company and the investment company BHCO are partners in the project
The Israeli Ercoline company has developed a groundbreaking and cost-effective technology for electricity transmission networks in Israel and around the world. Today, every power outage costs the electricity companies hundreds of thousands of dollars, the reason: first and foremost the weather; The lightning that causes the current to be cut off and puts the system out of action. The circuit breakers installed in the power grids allow the disconnection of the current, but do not allow the power grid to be returned to operation until a technician arrives at the breaker.
At Ercoline, they found the solution to the problem and are developing a system that not only reacts in less than a thousandth of a second to the power cut, but is also able to return and function after the voltage drop. The system thus saves not only the price of the circuit breaker but also the loss of revenue to the electric company during the service interruption and prevents the damage caused to customers due to the interruption of the current.
At the Electric Company, they understood the potential of the expected profits from this type of circuit breaker and decided to enter as partners in the company already in the development phase. The investment company BHCO also anticipates significant success for the product, and purchased 25% of the company in the first stage. BHCO also undertook the completion of the prototype construction and the exclusive right to market the unique "current limiter".
The CEO of BHCO Uriel Amar stated that: The product's marketing targets are the electricity companies in Europe and the USA where the sensitivity to damage due to power outages is enormous. BHCO will make available to Ercoline financing of an additional million dollars for the development of a current limiter for low voltage networks according to the demand of its customers." Amr also emphasized the uniqueness of the investment in Ercoline, "it is not only an investment but also the acquisition of the exclusive right to market the innovative technology".
About BHCO:BHCO Israel is part of the investment company BHCO Group registered in Switzerland. The company is a business platform for enterprises and development centers in the field of clean-tech: water, clean energy, solid waste and air purification. With its entry into activity in Israel, the group entered into investments in several ventures and plans to expand its activities. In its investments, BHCO realizes the I&M (Investment and management) model that it developed to help companies become significant players in the global market. According to the model, the company locates, manages, develops and raises capital for ventures under its auspices from the idea phase to the finished product phase.
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Uriel Amr has been abroad for three months with a lot of money, including company money. It's a lot of money. Entire families have fallen victim to this sting.
I will look into the matter. Anyway, this is an article from 2007.
The bhco company went bankrupt due to the owner's non-compliance with the training obligations towards the investors, their money was wiped out by the embezzlement of the owner and CEO Amar. It should be noted that Omar ran away and fled to France. To the attention of the respected website and to the attention of investors.