Cision PR Newswire
Eltek receives a $2.9 million purchase order from an existing customer
News provided byEltek Ltd.
Sep 19, 2023, 8:45 AM ET
PETACH TIKVA, Israel, Sept. 19, 2023 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that the company has received a purchase order in the amount of $2.9 million from an existing customer. The order will be supplied by Eltek over a period of 16 months commencing in February 2024.
"The order is the result of a product development process with a customer that took place over four years. We are happy that the project concluded with our receiving an order from the customer. I am sure that the technological developments we achieved in this development process will contribute in the future to our receiving more orders with a high level of technological complexity, from other customers," commented Eli Yaffe, CEO of 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.
Forward Looking Statement
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SOURCE Eltek Ltd.
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