Our development and production of the ticket machines and the entire electronic ticketing system is all done in Israel, a world leader in high-tech and innovation. Israeli high-tech products are world renowned for their uniqueness and advanced features relative to other products in the field.
There are clear advantages of working with Israeli hi-tech products. The percentage of Israelis engaged in scientific and technological inquiry, and the amount spent on research and development (R&D) in relation to gross domestic product (GDP), is the highest in the world. Israel ranks fourth in the world in scientific activity as measured by the number of scientific publications per million citizens. This translates into innovative and unique ticketing machines and a very efficient and robust bus ticketing system solution.
Israel's percentage of the total number of scientific articles published worldwide is almost 10 times higher than its percentage of the world's population. Israel boasts the highest number of scientists, technicians, and engineers per capita in the world with 140 scientists, technicians, and engineers per 10,000 employees. In comparison, that ratio is 85 per 10,000 in the United States and 83 per 10,000 in Japan. Israel is second only to the Silicon Valley as a hub of tech innovation. Israel has more companies listed on Nasdaq than any country outside the United States.
The fastest growth rates (averaging 8 percent annually in recent years) in Israel are to be found in the hi-tech sectors. These sectors are skill and capital intensive and require sophisticated production techniques, as well as considerable investment in research and development, on which 4.9 percent of Israel's GDP is spent - the highest among OECD countries. The quality of this R&D in Israel is ranked, according to U.N. experts, among the top 10 in the world. A successful contribution to all these is due to academic research institutes, which provide much of the basic R&D, and venture capital. The quality of Transway ticket kiosks, ticket printer machines and ticket dispenser machines reflects this high quality R&D pool of professionals.
Transway has all of the advantages of being an Israeli high-tech company and enjoys the wealth of talent that Israel has to offer in this area. Our engineers and developers are constantly thinking of and coming up with new and innovative ideas for features, as well as ways to keep our products both technologically superior and affordable. This can be seen in our newest bus Ticketing Machine.