PETACH TIKVA, Israel, Aug. 27,
2024 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a
global manufacturer and supplier of technologically advanced
solutions in the field of printed circuit boards, announced today
that it received orders totaling $3.5
million from two defense customers. The products are with
high technology requirements and to be delivered beginning in the
fourth quarter of 2024 through the end of 2026. The Company expects
to receive additional long-term orders from these customers in the
near term.
"The orders are in accordance with our policy of
striving for long-term orders which allow optimal production
planning and maximum efficiency and profitability," commented
Eli Yaffe, CEO of Eltek.
About Eltek
Eltek – "Innovation Across the Board," is a global manufacturer
and supplier of technologically advanced solutions in the field of
printed circuit boards (PCBs) and is an Israeli leading company in
this industry. PCBs are the core circuitry of most electronic
devices. Eltek specializes in the manufacture and supply of complex
and high-quality PCBs, HDI, multilayered and flex-rigid boards for
the high-end market. Eltek is ITAR compliant and has AS-9100 and
NADCAP electronics certifications. Its customers include leading
companies in the defense, aerospace and medical industries in
Israel, the United States, Europe and Asia.
Eltek was founded in 1970. The Company's headquarters, R&D,
production and marketing center are located in Israel. Eltek also operates through its
subsidiary in North America and by
agents and distributors in Europe,
India, South Africa and South America.
For more information, visit Eltek's web site at
www.nisteceltek.com.
Forward Looking Statement
Some of the statements included in this press release may be
forward-looking statements that involve a number of risks and
uncertainties including, but not limited to expected results in
future quarters, the impact of the Coronavirus on the economy and
our operations, risks in product and technology development and
rapid technological change, product demand, the impact of
competitive products and pricing, market acceptance, the sales
cycle, changing economic conditions and other risk factors detailed
in the Company's Annual Report on Form 20-F and other filings with
the United States Securities and Exchange Commission. Any
forward-looking statements set forth in this press release speak
only as of the date of this press release. The information found on
our website is not incorporated by reference into this press
release and is included for reference purposes only.
Logo: https://mma.prnewswire.com/media/881148/Eltek_Logo.jpg
Investor Contact
Ron
Freund
Chief Financial Officer
Investor-Contact@nisteceltek.com
+972-3-939-5023
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SOURCE Eltek Ltd.