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Eltek ASA - Nera networks orders of USD 16.7 million

Nera Networks, 100% owned by Eltek ASA, has won major new orders in Brazil and Pakistan for delivery in the second half of 2007. The contract values are USD 6.7 million in Brazil and USD 10 million in Pakistan

Nera Networks, 100% owned by Eltek ASA, has won major new orders in Brazil and Pakistan for delivery in the second half of 2007. The contract values are USD 6.7 million in Brazil and USD 10 million in Pakistan.
 
In Brazil the company has signed a turn-key contract with one of the major mobile operators, comprising both InterLink and Evolution products. The products will be used in both the backbone and access parts of the operator's network.
 
-This contract is evidence that Nera's Evolution family is future-proof and top-of-the-line product family. Brazil is one of the major telecom markets in the Americas and this can pave the way for further expansions in the region, says CEO Lars Jervan in Nera Networks.
 
The contract with an operator in Pakistan covers the building of a network in the mountains in the northern parts of Pakistan, which will also link Pakistan with China. Nera will deliver both InterLink and Evolution products under the full turn-key solution, which also comprises civil works and mounting of masts in addition to the telecom equipment.
 
-The environment is extreme, and Nera staff will be working on peaks of up to 3,500 metres in rough weather conditions. The equipment requirements are equally tough, and the order shows that Nera's products and solutions are world class, says Jervan.
 
Deliveries on both contracts will start in the third quarter and be finalised during the fourth quarter of the year. In Pakistan the contract also covers after sales support in order to secure long-term optimal performance.
 
For further information, please contact:
CEO Nera Networks, Lars Jervan, tel: +47 905 24 504
CFO Eltek ASA, Jørgen Larsen, tel: +47 32 20 33 41