PM Netanyahu meets with Cisco Chairman and CEO John T. Chambers
(Communicated by the Prime Minister's Media Adviser)

Prime Minister Benjamin Netanyahu, this morning (Wednesday, 19 June 2013),
met with Cisco Chairman and CEO John T. Chambers. Also participating in the
meeting were Prime Minister's Office Director General Harel Locker, Israel
National Cyber Bureau (INCB) head Dr. Eviatar Matania, Cisco Israel General
Manager Boaz Maoz and other senior Cisco managers.

Prime Minister Netanyahu said: "It's a pleasure to see you again, Mr.
Chambers, with your staff. This is an important day. About a year ago, we
had a conversation about finding ways to enhance the cooperation between
CISCO and Israel. In this year, we produced some interesting results."

The Prime Minister added: "Our national cyber headquarters wants to build a
cyber infrastructure in Israel. You have decided to create an innovative
cyber lab to service this goal and I think it's exactly the kind of
cooperation that seizes the future and I think it's very good for Israel. I
even think it's very good for Cisco. I think it's a way of creating the
growth industries for the future, and I thank you for it."

Prime Minister Netanyahu emphasized that an international company's
investment in the State of Israel gives prominence to Israel's significant
and central role in the global cyber field, and added that he hopes for
accelerated cooperation in all areas.

Cisco Chairman and CEO Chambers said: "When we were together a year ago, you
challenged us. We talked about what every country in the world wants. Their
future is based on education, broadband innovation, supportive government
and your ability to work together. And then we talked about what the
outcomes are of these capabilities, most important of all is jobs, inclusion
of all your minority populations; you said especially the Arab population in
terms of the focus. Healthcare and education would change completely as the
country becomes digitized, and your ability to be an innovation country that
soundly is preparing for the jobs that will be in the future rather than the
past."

Today's meeting follows on the previous meeting, on 19 June 2012, between
Prime Minister Netanyahu and Cisco Chairman and CEO Chambers
http://www.pmo.gov.il/English/MediaCenter/Events/Pages/eventsisko190612.aspx
in which Cisco declared its commitment to Israel. At that meeting to
establish a joint working team to evaluate ways to expand cooperation
between the State of Israel and Cisco in a range of categories, including
education, health, infrastructures, communications and cybernetics.

Cooperation will advance Israel's qualitative, technological and human
advantages, in various areas, in the global competitive environment, and
will harness technology in order to reduce social gaps. Members of the team
include PMO Dir.-Gen. Locker, National Economic Council Chairman Prof.
Eugene Kandel, an INCB representative, ministers and senior Cisco
executives. Mr. Chambers briefed the Prime Minister on the significant
progress in investments in the agreed-upon areas.

Cisco Chairman and CEO Chambers announced three initiatives. First is the
establishment of an innovative cyber research-and-development laboratory in
the State of Israel. The laboratory will sponsor research on information
security, will enable start-ups to use its facilities to test their
products, and provide research in the security sphere for universities. This
would be an innovative and pioneering simulation laboratory that will
support research in a range of areas including advanced threats and device
security, and analyze security in the financial, health and industrial
sectors.

Cisco's decision to establish the laboratory in Israel fits in with INCB's
vision and will constitute an important component in the broad network of
academic and industrial infrastructure in cybernetics in Israel being
advanced by the INCB.

Second, Cisco is building a network of consulting services in order to
assist and provide answers to their security needs, and is recruiting 100
strategic workers in Israel, based on existing capabilities. These experts
will propose information security and services solutions from Israel for the
entire international community.

Third, through the Cisco Learning Program, Cisco will launch an information
security training program on a pilot basis to train young participants to
serve as information security experts. Program graduates will be accredited
by Cisco.

Last, in the framework of Cisco's continuing efforts to support innovation
around the world, the company is planning to invest $15 million via venture
capital funds that support integration of Israelis and Arabs and the
development of innovative security technologies.