2013-09-12 10:09:03 -
Drammen, 12 September 2013: Eltek today announces a major contract for data
centers in the Pacific region. The contract will generate revenues of NOK 16
million for the first of three phases.
-The contract is a strategic milestone. We have indicated the potential for our
extremely reliable power conversion and back up technology in data centers, and
this is a major step on the way, says Björn Wigström, CFO of Eltek.
Delivery will start in the first quarter of 2014, with the completion of phase
one within July 2014. The following phases are expected to commence shortly
Eltek was chosen due to its industry leadership in power systems, having
delivered more than 800,000 high-efficiency modules in various industries. Given
the large and growing power consumption by data centers, flexibility, efficiency
reliability in all areas are critical to optimizing costs.
Data centers are rapidly being built and expanded globally. Traditionally data
centers have used centralized AC UPS as their primary power backup, but Eltek
using its standard modular approach, have developed a backup power system
configuration that provides similar functionality as a UPS, but with significant
technical and performance improvements. This new system topology fits very well
with Eltek's existing products and designs, and heralds an exciting development
in our data center strategy. Our solution brings better reliability,
availability and the opportunity to improve the overall efficiency of data
centers, says Wigström.
For further information, please contact:
Björn Wigström, CFO: email: firstname.lastname@example.org
or mobile: +47 905 31 304
Morten Schøyen, CMO: email: email@example.com
or mobile: +47 915 17 452
Eltek is a strategic technology partner within power solutions. The Company
reported revenue of NOK 3.5 billion in 2012, and has approximately 2,500
employees and operations in almost 40 countries. The company focuses on power
electronics markets, where the company is one of the leaders in telecom power
and a growing force within industrial applications. Eltek also holds growth
opportunities within solar power, e-vehicles, and datacenters. Eltek is listed
on Oslo Stock Exchange and headquartered in Drammen, Norway.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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Source: Eltek ASA via Thomson Reuters ONE