PETACH-TIKVA, Israel, Nov. 20 /PRNewswire/ -- Eltek Ltd. (Nasdaq: ELTK),
the leading Israeli manufacturer of advanced circuitry solutions, today
announced that it has received a $1.2 million order for its advanced printed
circuit boards (PCB) from one of its major customers. Revenues for the order
will be recognized at the time of shipment. The Company noted that it would
ship approximately $700,000 worth of product during the fourth quarter, with
the remaining $500,000 to be supplied to the customer during the first quarter
Arieh Reichart, President and CEO of Eltek commented, "We are pleased to
have received this large order from one of our most valued customers during
these difficult economic times. We appreciate that this customer continues to
recognize the superior technology of Eltek's PCB products, as well as the
unparalleled level of service that we provide along with the boards."
Eltek is one of Israel's leading manufacturers of printed circuit boards,
the core circuitry of most electronic devices. It specializes in the complex
high-end of PCB manufacturing, i.e., HDI, multi-layered and flex-rigid boards.
Eltek's technologically advanced circuitry solutions are used in today's
increasingly sophisticated and compact electronic products. The Company has
invested heavily in upgrading its production facilities over the past five
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 United States Securities and Exchange Commission filings.
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SOURCE Eltek Ltd.