PETACH-TIKVA, Israel,
September 20, 2016 /PRNewswire/
--
- The orders were supplied in 2016.
- The Company's scaled-up manufacturing process supports high
volume production of technologically advanced solutions.
Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of
technologically advanced solutions in the field of Printed Circuit
Boards(PCBs), announced today that since January 2016 it has supplied approximately
US$ 1.6 million of technologically
advanced solutions to a strategic customer. The customer selected
Eltek because of its capability to produce high performance and
reliable solutions. These orders are in addition to $300,000 of such PCBs supplied to this customer
in the fourth quarter of 2015.
Mr. Yitzhak Nissan,
Chairman of the Board and Chief Executive Officer, commented:
"Eltek developed an advanced technological manufacturing process
that allowed us to win these orders. This solution uses complex
processes, including vias copper filling and meticulous testing to
ensure the high quality and reliability of the PCBs. Eltek is now
able to support a large volume of this type of technologically
advanced orders. Having been chosen by a leading customer to supply
these orders confirms Eltek's competitive advantages. We are
confident that our ability to offer top grade solutions to
companies with complicated technological requirements will lead to
additional high-end orders in the future," Mr. Nissan
concluded.
About Eltek
Eltek - "Innovation across the board", is a global manufacturer
and supplier of technologically advanced solutions in the field of
Printed Circuit Boards, and is the Israeli leader 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 has ITAR, AS-9100 and NADCAP Electronics
permits and its customers include top of the line 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, and
R&D, Production and Marketing Center is located in Israel. Eltek operates also through its
subsidiaries, Eltek USA (100%) in
North America and Kubatronik (79%)
in Europe and by agents and
distributors in Europe,
India, South Africa and South America.
For additional information, visit Eltek's web site at
http://www.nisteceltek.com.
Forward Looking Statement:
Certain matters discussed in this news release are
forward-looking statements that involve a number of risks and
uncertainties including, but not limited to statements regarding
expected results in future quarters, 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.
Investor Contact:
Nir Zalik
KM Investor relations
Tel: +972-3-5167620
nir@km-ir.co.il
http://www.km-ir.co.il
Amnon Shemer
Chief Financial Officer
amnons@nisteceltek.com
+972-3-9395023
SOURCE Eltek Ltd.