Eltek Valere Announces Solar Inverter Product Family during Intersolar Show

DRAMMEN, NORWAY - June 9, 2010 - Eltek Valere today
announced a new family of solar inverters at
Intersolar Europe, the world's largest solar
exhibition that runs from 9-11 June in Munich,
Germany. The launch marks Eltek Valere's strengthened
position in the rapidly growing market for components
for solar power industry.

"Eltek Valere is well positioned to take market share
in the very interesting and rapidly growing solar
inverter market," said Rune Finne, CEO Eltek
ASA. "Our expertise in power electronics, our
established logistics chain -- from component to
customer delivery -- and our global network of sales
and service experts provides great advantages."

During the show, Eltek Valere will officially
announce the Theia HE-T family of solar inverters.
Solar inverters are the power electronics that
convert the energy from the solar panel to AC power
that can be fed into the electricity grid. The new
product line from Eltek Valere sets a new standard
for isolated string inverters, with its high
efficiency.

"The Theia HE-T family is unique in the solar
inverter market with its high efficiency power
conversion technology, global regulatory approvals
and price competitiveness. High efficiency is crucial
to maximizing the return from the solar plants," said
Ingar Apeland, VP Renewable Energy at Eltek
Valere. "Theia HE-T can also be used with all
available solar panel technologies in the world,"

Market Outlook

The rapidly growing market for solar inverters is
already larger than Eltek Valere's primary market for
telecommunications power systems. Eltek Valere also
announced it has signed a Memorandum of Understanding
to deliver solar inverters to the solar installations
planned by SanSca for the Chinese "Golden Sun"
project, in co-operation with Dateng Renewable Energy
Corporation. SanSca is a company established by
Scatec and the Chinese Sanhe Group.

"The market in countries like Germany and Italy has
all ready exceeded expectations. In addition there is
a rapidly growing interest in, among others, Middle
East, Asia and North America. We have already won
several contracts and our order book is increasing
rapidly. We are therefore very excited to see the
response on our new product line at the InterSolar
fair," Apeland said.

About Eltek
Eltek is a strategic technology partner within power
solutions and microwave radio transmission, through
its three business units Eltek Valere, Nera Networks
and Nera Telecommunications. The company reported
revenue of NOK 5.8 billion in 2009, and had close to
3,330 employees in more than 50 countries at the end
of the year. Eltek is listed on Oslo Stock Exchange
and headquartered in Drammen, Norway.
Eltek Valere is a technology leader developing and
marketing high-efficiency (HE) power solutions for
telecom and industrial applications. The company also
has a growing business activity towards renewable
markets, such as photovoltaic grid inverters and
chargers for electric vehicles. Headquartered in
Drammen, Norway, the company's global operations
counts approximately 2,000 employees, and generated
revenue of NOK 3.1 billion in 2009.

For more information, please contact:
CEO Eltek ASA, Rune Finne +47 901 05 008
VP Renewable Energy, Ingvar Apeland, +47 928 60 777
CMO Morten Schøyen +47 915 17 452