Nera Networks wins major 3-year frame agreement in North-Africa

Nera Networks wins major 3-year frame agreement in North-Africa

ID: 23507

(Thomson Reuters ONE) -


Nera Networks has entered into a three-year frame agreement with a major
North-African operator. Deliveries in the initial phase are currently estimated
at EUR 5 million over the coming 12 months.

The initial delivery comprises a minimum 2800 of Nera's Evolution Series(TM)
Xpand radios, as well as services. Delivery and implementation of the network
will commence immediately.


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 Networks designs, develops, manufactures and markets a broad portfolio of
point-to-point microwave transmission radios under the Evolution brand name. The
company has extensive systems and project management expertise for turn-key
deliveries and after sales support and services. Headquartered in Bergen,
Norway, the company counts approximately 800 employees and reported revenue of
more than NOK 1.8 billion in 2009.


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1429746]








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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.




All reproduction for further distribution is prohibited.

Source: Eltek ASA via Thomson Reuters ONE


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Bereitgestellt von Benutzer: hugin
Datum: 06.07.2010 - 08:27 Uhr
Sprache: Deutsch
News-ID 23507
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