Eltek ASA: NeraTel receives Purchase Orders of approximately SGD 27.5 million
Nera Telecommunications Ltd ("the Company") today announces that the Company has been awarded Purchase Orders with an aggregate value of approximately SGD 27.5 million (approximately NOK 124 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 close to 2,900 employees in close to 40 countries. Following the proposed 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.
About NeraTel:
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.
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