Mountain View, CA, U.S.A. and Tel Aviv, Israel --- (METERING.COM) --- August 17, 2011 - The Israeli Smart Grid (ISG) Consortium has been established bringing together technology industry leaders and academic bodies, and has been awarded support from the Israeli government chief scientist program.

The Consortium currently comprises seven industrial partners and five academic institutions.

With the backing of the Israeli Chief Scientist of the Ministry of Industry, Trade and Labor under its MAGNET R&D program, the Consortium will undertake a three to five year development program focused on new technologies and algorithms for the emerging smart grid market, including communication technologies, demand response and consumption forecasting.

The industrial partners include silicon intellectual property DSP cores and platform solutions provider CEVA, Inc., communications solutions providers Motorola Solutions Israel, ECI Telecom, and Ruggedcom, fabless semiconductor company Yitran Communications, control systems provider Control Applications, and power protection product provider Powercom.

The Israeli academic institutions include Tel-Aviv University, Ben-Gurion University and Bar-Ilan University.

The Israeli Electric Company (IEC) is also supporting the Consortium's activities.

The MAGNET program sponsors innovative industry-oriented technologies to strengthen Israel's technological expertise and enhance competitiveness.