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midastouch017

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midastouch017

Re: midastouch017 post# 9

Tuesday, 04/25/2006 7:13:03 AM

Tuesday, April 25, 2006 7:13:03 AM

Post# of 331
>>Eltek might see additional strong growth from the US defense market, which it successfully penetrated late last year. >>

Finally...

Eltek Wins First Order from a Major U.S. Aerospace Contractor
Tuesday April 25, 6:37 am ET

Order Marks the Achievement of a Critical Milestone and Paves the Way to Serial Production of Sizable Project with Substantial Revenue Potential for Eltek

PETACH-TIKVA, Israel--(BUSINESS WIRE)--April 25, 2006--Eltek Ltd. (Nasdaq:ELTK - News), the leading Israeli manufacturer of advanced circuitry solutions, today announced that it has received a first order from a major U.S. aerospace contractor for its flex - rigid PCBs that will be used in the production of military equipment. The flex - rigid PCBs are expected to be delivered during the second quarter of 2006.

"We are excited to be selected by this prestigious tier one U.S. aerospace contractor," said Arieh Reichart, President and Chief Executive Officer of Eltek. "By winning this order we have achieved a critical milestone and it gives us the opportunity to commence serial production for a sizable project with substantial revenue potential for Eltek."

"This strategically important achievement follows our previously announced success in passing a thorough competitive evaluation and certification process by this major defense contractor."

"As this customer is engaged in various stages of evaluation of our products, we expect the expanded incorporation of our flex - rigid PCBs in several of its military and aerospace product lines, and believe this win will facilitate our securing additional for prototype and long-term, serial-production units orders," added Reichart.

About the Company

Eltek is 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 years.

For more information, visit Eltek's World Wide Web site at www.eltekglobal.com.

http://biz.yahoo.com/bw/060425/20060425005555.html?.v=1

Dubi

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