About the Eltek Group

The Eltek Group is a supplier of  energy systems and transmission systems for telecommunication infrastructure that protect the revenue-generating services for the customers. The group also offers other information and communication related services.

The Eltek Group carries out its business through three main companies and their subsidiaries:

• Eltek Valere (energy systems)
• Nera Networks (transmission)
• Nera Telecommunications (telecom and infocom)

The companies in the Eltek Group all share the benefits of global reach, a first tier customer base, leading R&D and engineering capabilities, a focused product range and efficient manufacturing.

The Group has more than 3,000 employees worldwide, offices in 39 countries and does business in over 100 countries. Total revenues for 2008 was nearly NOK 5,96 billion.

The CEO of Eltek ASA is Mr. Rune Finne

Eltek ASA is listed on the Oslo Stock Exchange (OSX) under [ELT] and has its headquarters in Drammen, Norway.

Products offerings include:

• Energy systems for telecommunication infrastructure
• Energy systems for industrial applications
• Microwave transmission systems for telecommunication infrastructure
• Information and communication systems, including networks and services in such areas as payment terminals, IP, security and broadcasting

Vision
The Eltek Group’s vision is to become a critical technology partner for the world’s leading companies.

Group structure
The energy business is executed under the brand name Eltek Valere and the transmission business under the brand name Nera.

Nera Telecommunications Ltd. (NeraTel), owned 50.5 percent by Eltek ASA,
is listed on the Singapore Stock Exchange.

History
1971: Eltek was founded
1983: First step towards internationalisation, Eltek UK established
1994-1997: Further world wide development with branches in Hong-Kong/China, Germany, Poland, India and Singapore
1997: Eltek enters into OEM business by aquiring Unitech
1998: Eltek is listed on the Oslo Stock Exchange
1999: Eltek acquires S.F.E.E in France
2000: Eltek establishes offices in Sweden
2000: Acquisition in Australia
2000: Merger between Eltek and PCP (USA)
2000: Included in OBX-index OSE (20 most traded shares)
2000: Eltek Russia established
2003: Acquisition of Voigt & Haeffner in Germany
2005: Flatpack 2 launched
2006: Acquisition of Convertronics
2006: Acquisition of AIAB and Nera
2006: Evolution Series™  launched
2007: Eltek Energy acquires Valere Power and forms Eltek Valere