Eltek Announces Relocation of Its US Subsidiary

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PETACH-TIKVA, Israel, June 8, 2015 /PRNewswire/ --

Eltek Ltd ELTK, the leading Israeli manufacturer of advanced circuitry solutions, including complex build-ups of rigid and flex-rigid printed circuit boards, announced that it has completed the relocation of its US-based subsidiary, Eltek USA, into a new facility.

Located in downtown Manchester, New Hampshire, within one of the largest re-purposed historic mill buildings (Waumbec Mill) in Manchester, the Company's US facility is now located closer to the Manchester Airport and to major hotels and restaurants.

Mr. Jim Barry, President of Eltek USA, stated: "The new location offers a number of benefits, including a major facility for functions. It is also within walking distance to three college campuses. We plan to start hosting technical conferences and meetings at this location, bringing together existing and potential new customers with our technical experts."  

"As a corporate member of the Surface Mount Technology Association (SMTA) and IPC, and as an innovator in the rigid-flex market, we are well positioned to support our local customers from this location. The new location will also give us the capability to have onsite source inspection in the US. In addition, steps taken by our parent company at its manufacturing plant in Petach-Tikva to enhance our service to our US customers are already yielding a positive market response," Mr. Barry concluded.

About Eltek 

Eltek is Israel's leading manufacturer of printed circuit boards, the core circuitry of most electronic devices. It specializes in the complex high-end of PCB manufacturing, i.e., HDI, multilayered and flex-rigid boards. Eltek's technologically advanced circuitry solutions are used in today's increasingly sophisticated and compact electronic products. For more information, visit Eltek's web site at http://www.nisteceltek.com.

Forward Looking Statement:  

Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to statements regarding expected results in future quarters, risks in product and technology development and rapid technological change, product demand, the impact of competitive products and pricing, market acceptance, the sales cycle, changing economic conditions and other risk factors detailed in the Company's Annual Report on Form 20-F and other filings with the United States Securities and Exchange Commission.

Investor Contact:
Amnon Shemer
Chief Financial Officer
amnons@nisteceltek.com
+972-3-9395023


SOURCE Eltek Ltd.

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Posted In: Press Releases
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