Israeli laser cutter maker Klimtech is to invest $3 million in a $3,500 laser cutter, the company announced Tuesday.
The Israeli startup has been working on a laser cutter and other cutting products for years, and recently raised $500 million in venture capital funding.
It will produce and market the cutting equipment.
“We believe in laser cutting technology and it is a critical part of the Israeli military’s laser-infrared system,” said Yigal Zalman, a Klim tech board member.
“It will become a key component of the next generation of cutting equipment.”
The Israeli company was founded in the 1960s and was bought by Israel Aerospace Industries (IAI) in 2013.
Its first product, a laser cutter, sold in Israel and Europe in the 1980s.
Klimtech said it will spend $1.2 million in its next round of funding, in the US.
The company’s first cutlery, the Klim T4, sold out in 2015.
The company is already in talks with several large international customers, including the US Department of Defense, the U.S. Department of Agriculture and a number of large U.K. companies.
The Klimtronix laser cutter is expected to be available in 2020.
Kirby Sacks, president of the Israel Aerospace Industry and the chief executive of the company, said the company’s $3 billion investment in Israel will support the Israeli aerospace industry and enable the country to be a leader in cutting, cutting, cutlerying and cutting and cutting again.
“This is a significant investment for the Israeli defense industry,” Sacks said.
“This will enable the Israeli Defense Forces to develop cutting capabilities that will help to cut through obstacles and cut through other countries obstacles in the field of cutting.”
KlimTech is also working with an Israeli startup called Apek, which is developing a cutting platform for the cutting and other industries.
The platform will be based on the same cutting platform as KlimTech’s laser cutter.
Sacks said KlimTronix has a strong relationship with the Israeli government and is working closely with Prime Minister Benjamin Netanyahu, Defense Minister Avigdor Lieberman and other senior Israeli officials.
“The Israeli government has a lot of respect for Israel’s military capabilities and Klim Technologies is proud to partner with them to help ensure the Israeli Air Force has the cutting capability to fight the common enemy of terror,” Sack said.