Telkoor Advice

Telkoor Telecom: New order of $2.1M received from a Major defense customer in the field of defense electronic systems.

30/12/2009

Netanya, Israel.  December 30, 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 received a new order of $2.1M from a major defense customer. This military power supply will be used in military electronics systems of this customer, a major military electronic systems manufacturer.
 
The power supplies ordered will be delivered to the customer in monthly shipments till May 2011.
  
“We see this new order as a vote of confidence by our customer ” said Ben-Zion Diamant, CEO of Telkoor. “And it attest to the continued expansion of the firm’s activities in the defense field”.

 

This product is one of 3 that are used by this customer in this specific system and in the past $2.8M orders were received for these products.

 

Further orders for similar products, valued at approximately $5.0M are expected within the next few months.
 
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 (Digital Power Corp. traded in the NYSE under the symbol DPW) and in UK (Gresham Power).
 
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.
 
For international media inquiries, please contact:
Benny Steinfeld, Executive VP Marketing & Sales, Tel: +972-9-8632368, Email:
bennys@telkoor.com

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