(PRESS RELEASE) HOD HASHARON, ISRAEL — Singapore Exchange Mainboard and Tel Aviv Exchange listed Sarine Technologies Ltd (“Sarine” and along with its subsidiaries “the Group”) (U77:SI; SARN.TA), a worldwide leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measurement, grading and trading of diamonds and gems, announces the release of its new and most advanced ever version of its industry-leading Advisor rough diamond planning software – Advisor 8.0.
Having witnessed over the past four years an increasing trend of applying ever more technology to smaller sized rough diamonds, we have risen to the challenge and are introducing a solution specifically tailored to benefit this very significant segment of the value chain, wherein an estimated 900 million stones are polished annually. While as in 2018 only 120,000 rough stones under 15 points in weight (0.15 carats) were scanned by its Galaxy family of internal inclusion scanning systems, last year, in 2021, this segment accounted for nearly a quarter of all stones processed – no fewer than 7 million stones. Advisor 8.0 thus implements features specifically designed to benefit polishers of rough diamonds in this sub-market. Advisor 8.0 is only one element in a chain of upcoming developments, which will bolster its offerings for the smaller stones segment. Notably, this trend has also manifested itself in the dramatic proliferation of its Meteoritesa model.
However, not only the segment of small stones will profit from its newest Advisor release. Sarine’s engineers have continued to innovate and have found ways to generate more value for all its midstream customers. Its newest version incorporates more than 20 new features along with the refinement of existing processes, all focused on three core drives – generating more value, by extracting more polished yield from a given rough stone, increased productivity – shorter run cycles and augmented automation – reducing the need for human interaction and thus precluding possible human errors, allowing offline (off hours / off shift) operation, including overnight autonomous operation and even automatic recovery from system failures (e.g., interruption of the power supply).
Finally, as it continue to be plagued by attempts to illicitly utilize its IP, to further protect its customers’ investment, and broaden the gap between the value reaped by its customers to that realized by users of the pirated older Advisor versions in the market, we have applied very sophisticated cutting-edge anti-hacking protection algorithms developed in house, which, as these are not a common target for international hacking syndicates, will, we believe, proscribe most illegal attempts to penetrate its defenses.
David Block, CEO of Sarine Technologies commented, “We are delighted to introduce the newest and most advanced ever version of Advisor . It will improve yield, accelerate productivity and enhance the overall value of its industry-leading core midstream offerings, as well as bolster its determined stance against piracy.”
