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NeraTel disputes claim by Malaysian customer
Please see enclosed a stock exchange notification issued by Nera Telecommunications (NeraTel) regarding a claim of RM 10.7 million (approximately NOK 20 million) from a Malaysian customer. NeraTel disputes the claim.
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 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 approximately 475 employees and reported revenue of close to NOK 800 million in 2009.
NeraTel Stock Exchange Notification.pdf
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