Netanya, Israel. January 22, 2008- Telkoor Telecom (TASE: TLK) the global provider of power supplies, for military, industrial and telecom applications today announced that its subsidiary in Israel, Telkoor Power Supplies Ltd., has received an additional order of $1.15M from a major defense customer. The military power supplies will be used in military electronics systems of this customer, a major military electronic systems manufacturer.
The order is the second order from this customer, in addition to the order received in 2006, and includes an option for future deliveries. The company plans to complete the development of the power supplies during 2009.
During the last 2 months the company has received several significant orders, including a contract of $5M for delivery of power systems to military vessels in United Kingdom and contracts in the value of $M2.5 for anti-missile warning systems in USA.
“We are very excited of the huge increase over the previous months and we are looking to continue this growth for the next years” said Yossi Ben Ami, CEO of Telkoor. “These orders attest to the continued expansion of the firm’s activities in the defense field”.
Telkoor Telecom and its subsidiaries are active in the field of planning, development, engineering, production, marketing, and sales of power supplies for use by companies producing equipment for commercial applications (particularly in the field of communications) and for military systems. Some of Telkoor’s international activities are implemented by its subsidiaries in the US and UK.
About Telkoor: Telkoor Power Supplies Ltd., a subsidiary of Telkoor Telecom Ltd. www.telkoor.com (TASE: TLK) is a market leader in power supplies for military and commercial applications, ranging from airborne, missiles, land-based, naval, ground vehicles and UAV to custom and off-the- shelf commercial systems for the telecom, industrial and consumer markets. Founded in 1979, Telkoor has extensive experience in design, manufacturing and delivering of custom military power supply platforms. The company is an approved vendor by US Army, US Air force and US Navy, NATO, IDF and global defense organizations.
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