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Wednesday 01 October, 2014

Eltek ASA

Eltek awarded power modernization contract by D...

Eltek awarded power modernization contract by Dtac in Thailand

Drammen, Norway, 1 October 2014 - Eltek has been awarded a contract by Dtac - a leading mobile operator in Thailand - to modernize old power equipment to improve energy efficiency and increase network reliability.

"The modernization of old and inefficient power equipment with modern high-efficiency components is a major trend in the telecom market, and Eltek's HE ("High Efficiency") product range enable our customers to reduce power consumption. Modernization of power equipment in telecom networks provides fast return on investment and increase network reliability while at the same time benefiting the environment," said Colin Howe, Chief Executive Officer of Eltek.

"Eltek has been a long term partner for power solutions for Dtac. Eltek's energy efficient solutions and professional support helps us drive OPEX reductions, reduce our carbon footprint and improve our network performance by cost effectively implementing the latest technology in the area of power," said Khalid Shehzad, Chief Technology Officer at Dtac. 

The contract has a value of approximately NOK 45 million and includes design, equipment supply and installation services to be delivered during the next 8 months. The scope is to replace the rectifiers of a large amount of mobile base stations, and it will be done as a "heart-transplant", replacing the power components without power interruption to the telecom equipment.

"Asia Pacific is an important market for Eltek, and this contract proves Eltek's competitiveness in the region," said Colin Howe.

Eltek's HE technology provides market-leading efficiency, resulting in minimal power losses while in operation. The telecom industry is one of the largest energy consumers globally, so reducing energy wastage leads to major positive impact on operational expenses as well as the environment.

For further information:

Chief Executive Officer Eltek, Colin Howe, +44 776 846 6446
Chief Marketing Officer Eltek, Morten Schøyen, +47 91517452

About Dtac
Dtac is the second largest mobile operator in Thailand. Founded in August 1989, it operates 800 MHz and 1800 MHz frequency bands and has 28 million subscribers. Telenor is the largest shareholder of Dtac, which is listed on the stock exchange in Bangkok.

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.

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eltek ASA via Globenewswire


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