Eltek Energy Announces Closing of Valere Power Transaction and Creation of Eltek Valere.RICHARDSON, Texas Richardson is a suburb in Dallas County and Collin County, Texas. As of the 2000 census, the city had a total population of 91,803, while according to a 2006 estimate, the population had grown to 99,200. -- Eltek ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and , Drammen, Norway, today announced the closing of the acquisition of Valere Power by its Eltek Energy subsidiary. The combined company is called Eltek Valere and has its headquarters in Richardson, TX. Eltek Valere is a $500 million provider of DC power systems to telecommunications and industrial markets worldwide. The company has more than 1,300 employees with offices in 25 countries and sales to more than 100 countries. Eltek Valere intends to investigate a separate listing of the company in the US or another major global exchange in the future. "The closing of this agreement merges the unique strengths of both Eltek Energy and Valere power to create a company that is better positioned to serve customers both locally and globally," said Andy Marsh, formerly president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Valere Power and now CEO of Eltek Valere. "The Eltek Valere team is responsible for some of the best products available today, and I'm confident that together we'll deliver solutions with an even higher level of innovation, resulting in the industry's highest efficiencies, and improved remote management and ease of use." "Eltek Valere has a great core of innovation and the broad market reach it needs to be successful in the market," said Morten F. Angelil, Eltek ASA chief executive officer. "We welcome the Valere Power team to Eltek and look forward to working together to take advantage of the opportunities that are before us." About Eltek Energy AS Eltek Energy is a specialist telecom energy systems supplier. Established in Norway in 1971, the company has grown organically and through mergers and acquisitions to become a leading international supplier of power solutions within telecom. Eltek Energy has strong global positions in the Americas, Europe and Asia, serving multinational, regional and national builders of telecom infrastructure. More information is at www.eltekenergy.com. About Valere Power Valere Power, headquartered in Richardson, TX, is an advanced AC/DC AC/DC adj. Slang Having a bisexual orientation. [From the likening of a bisexual person to an appliance that works on either alternating or direct current. power system company with proprietary technologies that reduce power dissipation Dissipation See also Debauchery. Breitmann, Hans lax indulger. [Am. Lit.: Hans Breitmann’s Ballads] Burley, John wasteful ne’er-do-well. [Br. Lit. and system size, simplify installation, and offer advanced remote monitoring (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a for telecommunications service providers A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. and enterprises. More information is available at www.eltekvalere.com. |
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