Benzinga | Mar 8, 2021 08:32AM EST

Eltek Announces Receipt Of Grant From Israel Investment Authority And Approval For Participation In A Special R&D Program Funded By Israel Innovation Authority

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.