Key Developments For Eltek Ltd.
Eltek Ltd. (ELTK.O) (Consolidated Issue listed on NASDAQ Capital Market)
Eltek Ltd. Receives $1.2 Million Of Orders From US Medical Equipment Manufacturer
Eltek Ltd. announced that it has received orders valued at $1.2 million from a US medical customer for flex - rigid PCBs (printed circuit boards) that will be used in the production of advanced medical equipment. The flex - rigid PCBs are expected to be delivered during the second half of 2009. The customer's new $495,000 order is in addition to a $742,000 order already received in 2009 as part of a long term contract.
Eltek Ltd. Announces Cost Reduction Program
Eltek Ltd. announced that they have executed a cost reduction plan, including a reduction in the number of employees and a salary cut for all management personnel.
Eltek Ltd. Gets High-End PCB Order From U.S.
Eltek Ltd. announced that a U.S. industrial manufacturer has placed a frame order for flex - rigid PCBs that will be used in the production of advanced industrial equipment. Shipments under this $1,830,000 order are expected to be made during 2008.
Eltek Ltd. Comments On Q4 2007 Outlook
Eltek Ltd. announced that for fourth quarter 2007 it expects a sequential revenues growth and an improvement in operational results.
European Military And Aerospace Conglomerate Selects Eltek Ltd.
Eltek Ltd. announced that that following a tender for the next three years, it has been selected as a provider of high end high reliability PCBs by a major European military and aerospace conglomerate for use in highly complex, mission critical avionics equipment and applications. The customer has begun to place orders for Eltek's high reliability PCBs under the new tender.
