Eltek signs global purchasing agreement with Ericsson

Drammen, Norway, September 9, 2014 - Eltek today announced a General OEM Purchasing Agreement (GOPA) with Ericsson.

Eltek AS has signed a Global frame agreement with Ericsson qualifying Eltek AS a potential OEM supplier.

"Despite that there is no volume or business commitment in the agreement, we are excited about taking this big step towards a closer co-operation with Ericsson" said Colin Howe, CEO of Eltek.

For further information:

Colin Howe, CEO
+44 776 846 6446
colin.howe@eltek.com

Morten Schøyen, Chief Marketing Officer
+47 3220 3466
morten.schoyen@eltek.com

About Ericsson
Ericsson is a world leader in communications technology - providing equipment, software and services to mobile and fixed network operators all over the globe. Some 40 percent of global mobile traffic runs through networks Ericsson has supplied. Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden and more than 110.000 professionals and customers in 180 countries. Net sales in 2013 were SEK 227.4 billion. Ericsson is listed on Nasdaq OMX stock exchange in Stockholm and the NASDAQ in New York. http://www.ericsson.com

About Eltek
Eltek is a strategic technology partner for power solutions. The company reported revenue of NOK 3.7 billion in 2013, and has approximately 2,400 employees and operations in almost 40 countries. The company focuses on power electronics markets, where it is one of the leaders in telecom power and a growing force within industrial applications. Eltek is also pursuing growth opportunities within the data center market. Eltek is listed on Oslo Stock (ELT:Oslo) Exchange and headquartered in Drammen, Norway. http://www.eltek.com

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