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CoralTech Ltd.
Artificial Coral Solutions

In the past decade, technological advances have reduced the cost purchasing and maintaining marine aquariums, significantly increasing worldwide demand for wild coral. But at the same time, global warming, pollution and new environmental regulations have reduced natural coral supply.

CoralTech, Ltd. has developed the technology to close the growing gap between supply and demand in the global coral market by growing stony coral in an artificial environment. It is the only company currently on the market with the technology to grow coral in a closed system and the ability to export them worldwide. The artificially grown coral, from the Acroporidae family (Acropora, Montipora and Seriatopora genera), provide a substitute for wild coral that is superior to naturally grown strains.

More than 70% of wild coral die during the process of extraction from their natural environment, transportion and re-plantation in artificial conditions. CoralTech offers the solutions to this problem. Because CoralTech’s coral is grown in the same controlled environment in which it will be maintained by the purchaser, it nearly eliminates this risk, reducing the death rate to under 2%.

Advantages

• Farmed coral provides a product that is superior to its natural alternative
•  Artifical coral survives extraction, transportation and re-plantation with a death rate of only 2%
• Closed system growing technology presents unlimited growth potential
• Helps to restore natural ecological environment of the ocean by reducing rate of wild coral extraction

Market

Artificially grown coral is a global market with enormous potential; demand for coral is rising while the supply of wild coral is steadily decreasing. Coral account for approximately 20% of the salt water ornamental fish market. Sales are concentrated in the USA, Western Europe and Japan where the world's nearly two million aquarium owners are situated.

Project Status

CoralTech is currently in the research and development stage at the Mofet B'Yehuda Innovation Accelerator.

Company Team

Abraham Almalem
Mechanical engineer who holds a number of engineering patents.

Ofer Almalem
A lawyer by profession, Ofer is also a seasoned businessman. He has taken his hobby of Coral growing to the high tech level with the establishment of CoralTech.

Alon Efargan
A mechanical engineer, Alon has extensive knowledge of the ornamental fish market. He is the company's Chief Technological Officer.

Cooperation Required
Venture Capital
Joint Ventures
Strategic Alliances

CoralTech Ltd.
Mofet B’Yehuda Innovation Accelerator
POB 80, Kiryat Arba 90100 Israel
Tel: 972 2 996 3880
Fax: 972 2 996 1571
e-mail: info@mofet.org.il
www.mofet.org.il