Eltek Valere has received notice that it will be awarded a purchase order of USD 17 million from a telecom operator in India.
Eltek Valere has received notice that it will be awarded a purchase order of USD 17 million from a telecom operator in India. A formal purchase order is expected shortly. This is the single largest purchase order Eltek Valere has received, and confirms both the strength of the Indian market and Eltek Valere's leading position in this large and growing telecom market.
Deliveries will take place during the first half of 2008, with the bulk scheduled for the first quarter.
-India was one of the fastest growing markets for Eltek Valere in 2007, and India ranked second only to the US market in terms of revenue in the third quarter last year. This order confirms that the outlook for the Indian market is strong also for 2008, and that Eltek Valere has established a leading position, says CEO Morten F. Angelil in Eltek ASA.