Thursday, January 23, 2014

Eltek Gets Renewal With Big Customer

Eltek, the developer of high efficiency, power systems with major operations and its U.S. headquarters in Plano, said this week that it has scored a renewal with a key customer is has in North America. Name of that customer was not announced. Eltek said that the deal is worth between $8.1M and $9.8M per year to the company. Eltek provides high efficiency, DC power supplies to the telecommunications market, along with inverters for the renewable energy market, among other products. The company says its customer is using its products for its 4G/LTE efforts.