Eltek CEO Arieh Reichart: The win "has a multi-million dollar potential".
Printed circuit board (PCB) maker Eltek Ltd. (Nasdaq: ELTK) has won a three-year tender to supply its high-end PCBs a to major European military and aerospace conglomerate for use in highly complex, mission critical avionics equipment and applications. The company has begun placing orders under the tender.
Eltek did not disclose the name of the customer.
Eltek president and CEO Arieh Reichart said, "We are proud to have been chosen by this well-known conglomerate for a strategic relationship following a strict evaluation process and highly competitive tender. This win has a multi-million dollar potential for Eltek as we expect our high-end PCBs to be incorporated in a growing variety of products and applications.”
Published by Globes [online], Israel business news - www.globes.co.il - on October 17, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007