PETACH-TIKVA, Israel, November 23, 2015 /PRNewswire/ --
Eltek Ltd. (NASDAQ: ELTK) announced today that since the beginning of the fourth quarter, it has received several orders for military applications from customers in India, amounting to US$ 1.4 million in the aggregate. The majority amount of these orders is expected to be delivered to the customers during 2016.
Mr. Yitzhak Nissan, Chairman of the Board and Chief Executive Officer said: "I am proud of Eltek's position as a leading supplier of high reliability Printed Circuit Boards for military equipment. These new orders represent the continued market recognition of our advanced technical capabilities and the reliability of our products. We are focused on the global defense markets as part of our long-term business plan."
Eltek is Israel's leading manufacturer of printed circuit boards, the core circuitry of most electronic devices. It specializes in the complex high-end of PCB manufacturing, i.e., HDI, multilayered and flex-rigid boards. Eltek's technologically advanced circuitry solutions are used in today's increasingly sophisticated and compact electronic products. For more 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.
Chief Financial Officer
SOURCE Eltek Ltd.