Netanya, Israel. May 10, 2009 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 signed a new contract valued at over $1.5M with a major defense customer. The military power supply will be used in military electronics systems of this customer, a major military electronic systems manufacturer.
The order is the 4th order from this customer, in addition to the orders received in 2006-2008, and includes an option for future deliveries. The company plans to complete the development of the power supplies during 2010.
“We are very excited of the huge increase in military programs volume over the previous months and we are looking to continue this growth for the next years” said Ben-Zion Diamant, 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 executed 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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