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Eltek signs frame agreement for delivery of high efficiency power solutions to global leading datacenter operator and service provider(Thomson Reuters ONE via COMTEX) -- Eltek today announced the signing of a frame agreement for the next generation of front-end power solutions with one of the global leaders and strongest brands in the datacenter business. The contract involves the design and supply of very high efficiency power systems. "We have been supplying DC power systems to the datacenter industry for years but see significant growth potential in this business moving forward. The signing of this contract with a global leader in the datacenter industry proves the technology match and the appreciation for our high-efficiency products," said Morten Schoyen, Chief Marketing Officer at Eltek. Eltek was selected on the basis of the company's industry leading power conversion efficiency and its proven record with close to 500,000 high-efficiency power modules in the field. Given the enormous amounts of electric energy consumed by datacenters, efficiency in all links in the chain is crucial to minimize operational expenses. "The datacenter market is growing and there is a noticeable shift toward increased use of DC power technology. The technology fit against Eltek's existing products and products in design makes it a very attractive market for us," Schoyen said. Deliveries under the frame agreement will commence in 2013. For further information, please contact: CMO Morten Schoyen, + 47 915 17 452 CFO Pal Skistad + 47 908 50 378 About Eltek Eltek is a strategic technology partner within power solutions. The Company reported revenues of NOK 3.6 billion in 2011, and has approximately 2,400 employees in close to 40 countries. Eltek focuses on the business in telecom power and power electronics solutions for industrial applications and renewable markets such as solar power and electric vehicles. Through the 50.1 percent owned subsidiary Nera Telecommunications Ltd in Singapore, the Company is also a regional supplier of transmission systems, satellite communications and infocomm systems. Eltek is listed on The Oslo Stock Exchange and headquartered in Drammen, Norway. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Eltek ASA via Thomson Reuters ONE HUG#1649295 |