Eltek signs frame agreement for delivery of high efficiency power solutions to global leading datacenter operator and service provider
Eltek today announced the signing of a frame agreement for the next generation
of front-end power solutions with one of the global leaders and strongest brands
in the datacenter business. The contract involves the design and supply of very
high efficiency power systems.
"We have been supplying DC power systems to the datacenter industry for years
but see significant growth potential in this business moving forward. The
signing of this contract with a global leader in the datacenter industry proves
the technology match and the appreciation for our high-efficiency products,"
said Morten Schøyen, Chief Marketing Officer at Eltek.
Eltek was selected on the basis of the company's industry leading power
conversion efficiency and its proven record with close to 500,000 high-
efficiency power modules in the field. Given the enormous amounts of electric
energy consumed by datacenters, efficiency in all links in the chain is crucial
to minimize operational expenses.
"The datacenter market is growing and there is a noticeable shift toward
increased use of DC power technology. The technology fit against Eltek's
existing products and products in design makes it a very attractive market for
us," Schøyen said.
Deliveries under the frame agreement will commence in 2013.
For further information, please contact:
CMO Morten Schøyen, + 47 915 17 452
CFO PÃ¥l Skistad + 47 908 50Â 378
About Eltek
Eltek is a strategic technology partner within power solutions. The Company
reported revenues of NOK 3.6 billion in 2011, and has approximately 2,400
employees in close to 40 countries. Eltek focuses on the business in telecom
power and power electronics solutions for industrial applications and renewable
markets such as solar power and electric vehicles. Through the 50.1 percent
owned subsidiary Nera Telecommunications Ltd in Singapore, the Company is also a
regional supplier of transmission systems, satellite communications and infocomm
systems. Eltek is listed on The Oslo Stock Exchange and headquartered in
Drammen, Norway.
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Source: Eltek ASA via Thomson Reuters ONE
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