Eltek Signs U.S. Agreements

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PETACH TIKVA, Israel Eltek Ltd., an Iraeli PCB producer, has announced several agreements with high-reliability companies in the U.S. These include a three-year framework agreement with a medical equipment manufacturer, initial orders with a defense company, and positive evaluations by an aerospace manufacturer. The company includes U.S. market penetration as part of its strategic operations roadmap. Eltek began receiving orders for flex-rigid PCBs from the medical equipment manufacturer. The framework agreement is the PCB company's first multi-year agreement in the U.S. market, said Ammon Shemer, CFO of Eltek. Calling the U.S. high-end market lucrative, Arieh Reichart, president and CEO of Eltek, said he found the three agreements encouraging. The company plans to increase penetration in European markets in the future.



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