The Makor Group includes Makor Issues and Rights Limited and its wholly owned subsidiary, Makor Urban Development Limited.
Makor Issues and Rights Ltd. was originally owned by Bank Leumi, the largest bank in Israel. The company's shares were registered on the Tel Aviv Stock Exchange (TASE) and its main activity was in the field of financing.
In 1971 the company's control was transferred to a group of investors and subsequently all the commercial shares were withdrawn from the TASE market. Since then, Makor has switched the bulk of its activity to real estate development in Jerusalem.
In 1979 Makor acquired 22,000 square meters of land in the Bak'a district in Jerusalem, and built the Rose Garden neighborhood of 150 exclusive residential apartments. In 1984, after the project was completed, the Israeli Technion Institute granted it the title of one of the best 50 residential projects in Israel for the last 200 years.
Makor Issues and Rights Ltd. owns 568,000 square meters of land on Har Homa neighborhood in Jerusalem and has an option to buy additional 364,000 square meters there, a total of 932,000 sq. meters. Makor planned to build on this land 6,500 apartments, 3 hotels and shopping center in eight stages. The total sales volume was estimated to $1.5 Billion.
In 1991 the land in Har Homa owned by Makor was confiscated by the Israeli government for the same purpose, to build residential neighborhood. The company is entitled to receive just compensation.
Since then, Makor has successfully entered into the field of High - Tech Developments and became High-Tech Investment Company.
Optiroads
Makor Company has developed a new method and system for optimizing transportation route design ( US patent 6,996,507 ). Based on this method and system Makor developed the OptiRoads software that calculates automatically the minimal cost of project in compliance with standard specifications.www.optiroads.com
Mobile Location and Traffic Jam application
Makor has developed a mobile location and traffic jam application ( US patent 6,480,783 and US patent 6,615,130 ) that will provide mobile phone users the quickest route from journey starting point to destination taking into consideration real-time traffic jam conditions including corrections on demand based on driver current situation. Additional US patent 6,577,946 has been received for a new method of obtaining and continuously updating mobile location information, the information used as an input for the traffic jam guidance application, and US patent 6,901,264 has been received for a new method of determining mobile station positioning in cellular communication networks application.www.live-traffic.com
Traffic Signal Timings Optimization
Makor has developed a system ( US patent 6,539,300 ) for controlling and adjusting phase timings at all signalized intersections within a given geographical region with the purpose of allocating more green light time for roads with heavier traffic flows at the expense of less loaded roadways and, by doing so, to relieve the most jammed parts of the network at the expense of its less loaded parts. Makor will sell the traffic flow information to governmental agencies in order to help them to control traffic flow by optimizing traffic lights system.www.live-traffic.com
OptiRetailChain
Makor has developed an OptiRetailChain a suite of retail optimization solutions, currently including an In-Store Advertising Optimization system for maximizing retail chain profitability through optimization of Point-Of-Purchase (POP) advertising and Per-Store Price Optimization software solution that enables retailers to make the most intelligent and profitable choices about pricing, markdowns/markups and their timing.www.optiretailchain.com
Real-Time Reservations
Another Makor Company development is an application for hotel booking. Now even small resorts can take advantage of a powerful automated online booking system designed for the Internet. Reservations are made on-line and in real time. Your guests have the advantage of knowing if you can accommodate them immediately, without wasting valuable staff time and efforts for confirmations. All you have to do is check your email every morning to see how many of them have registered the day before. Real-Time Reservations is fully automatic and completely secure.www.realtimereservations.com
Patent-Management.net
is a comprehensive online patent management software system designed to address the professional and clerical needs of IP professionals. Patent-Management.net is developed to reduce the paper and mail processing required for the efficient patent management. Patent-Management.net system is a browser based IP management system using a MS SQL Server database manipulated by web pages and capable of handling large amounts of data consistent with multiple high-volume cases.www.patent-management.net
