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Eltek Announces Receipt of a Grant from the Israel Investment Authority and Approval for Participation in a Special R&D Program Funded by the Israel Innovation Authority
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PETACH-TIKVA, Israel, March 8, 2021 /PRNewswire/ Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, today provided an update regarding its award of a grant from the Israeli Investment Authority that will fund 15% of Eltek s expected $1.5 million investment in Advanced Manufacturing Equipment fit to Industry 4.0 standards, which focuses on interconnectivity, automation, machine learning, and real-time data.