PETACH-TIKVA, ISRAEL - Eltek Ltd. today announced that a major U.S. industrial manufacturer has placed a frame order for flex-rigid PCBs to be used in the production of industrial equipment. Shipments under this $1.8 million are expected to be made during 2008.

Arieh Reichart, company president and CEO said, “This is the largest order we have received from a U.S.-based customer and takes our global growth initiatives to another level. As a follow-on order from a prestigious customer, it... provides us with a great start to 2008. We expect that this order will further improve our revenue mix and associated operating margins, and increase our overall corporate productivity and visibility.”

“We believe in mutual cooperation with our customers, and are pleased that this unique arrangement has already brought us sales of $1.4 million, and the additional $1.8 million frame order provides additional proof that our service... is key to fruitful long term relations for the benefit of both parties,” CFO Amnon Shemer concluded.

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