Eltek ASA: NeraTel receives Purchase Orders of approximately SGD 23.0 million
Nera Telecommunications Ltd ("the Company") today announces that the Company has
been awarded Purchase Orders with an aggregate value of approximately SGD 23.0
million (approximately NOK 111 million).
About Eltek ASA:
Eltek is a strategic technology partner within power solutions. The Company
reported revenue of NOK 3.6 billion in 2011, and has approximately 2,400
employees in close to 40 countries. Following the planned divestment of Nera
Telecommunications, Eltek focuses on its core business in telecom power and
power electronics solutions for industrial applications and renewable markets
such as solar power and electric vehicles. Eltek is listed on Oslo Stock
Exchange and headquartered in Drammen, Norway.
Nera Telecommunications offers radio transmission, satellite communications and
infocomm equipment and services to the Asian markets. Headquartered in
Singapore, NeraTel is 50.1 percent owned by Eltek ASA and separately listed on
the Singapore Stock Exchange. The company counts more than 500 employees and
reported revenue of NOK 758 million in 2011.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.