Nera Networks has entered into a three-year frame agreement with a major North-African operator. Deliveries in the initial phase are currently estimated at EUR 5 million over the coming 12 months.

The initial delivery comprises a minimum 2800 of Neras Evolution Series(TM) Xpand radios, as well as services. Delivery and implementation of the network will commence immediately.

 

 

For further information, please contact:

 

Eltek ASA
CFO Pål SKistad: +47 908 50 378

 

 

 

Eltek is a strategic technology partner within power solutions and microwave radio transmission, through its three business units Eltek Valere, Nera Networks and Nera Telecommunications. The company reported revenue of NOK 5.8 billion in 2009, and had close to 3,330 employees in more than 50 countries at the end of the year. Eltek is listed on Oslo Stock Exchange and headquartered in Drammen, Norway.

 

Nera Networks designs, develops, manufactures and markets a broad portfolio of point-to-point microwave transmission radios under the Evolution brand name. The company has extensive systems and project management expertise for turn-key deliveries and after sales support and services. Headquartered in Bergen, Norway, the company counts approximately 800 employees and reported revenue of more than NOK 1.8 billion in 2009.

 

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)