Eltek Valere to Participate in Climate Change Conference in Copenhagen.

DRAMMEN, Norway -- Eltek Valere has been selected by Innovation Norway to represent Norwegian environmental technology businesses at the Bright Green Expo exhibition to be held in connection with the climate change conference in Copenhagen on Dec. 12 and 13.

"The climate challenge requires innovation in relation to both energy saving and renewable energy," says Morten Schoyen, Eltek Valere chief marketing officer. "The international telecommunications industry is responsible for more than 2.5 percent of global CO2 emissions. The HE (High Efficiency) technology that Eltek Valere has developed halves the energy lost when power is supplied to telecommunications towers and network locations."

Eltek Valere's core business is the development and manufacture of power supply systems for telecommunications networks all over the world. In the areas of solar power and renewable energy, Eltek Valere has developed power technology that enables the construction of solar-powered mobile networks in regions with poorly developed power grids, where the base stations would be otherwise dependent on diesel generators. For example, the Pacific island of Nauru recently launched mobile telephone coverage based on Eltek Valere's solar power systems.

Next year, the company will launch a completely new type of power supply for solar cell arrays on residential roofs that will allow solar power from the panels to be fed into the power grid, thus making solar cell arrays, whether large-scale or small-scale, more profitable.

"Our focus on renewable energy has given us additional market opportunities and a greater technological lead," Schoyen said. "This shows that Eltek Valere is more than a traditional telecoms company."

Various environmental events are being arranged in Copenhagen alongside the negotiations on a new climate agreement between heads of government from all over the world. Industry will be represented at the Bright Green Expo exhibition. Innovation Norway has selected eight businesses to represent Norwegian industry.

"We want to have with us serious and important businesses from Norwegian industry that are good leaders and that demonstrate the breadth of Norwegian environmental technology. Eltek Valere's work on energy saving in the telecoms sector and its research and innovation in the solar power sector make the business an exciting representative of Norwegian industry," says Desiree Vikse, Innovation Norway's project manager. The Norwegian participants selected by Innovation Norway are: Statoil, Det Norske Veritas (DNV), Aker Clean Carbon, CleanTech Mid-Norway, Eltek Valere, SWECO Norge AS, OREEC, Hafslund and REC.

Minister of Petroleum and Energy Terje Riis Johansen will open Norway's stand at the Bright Green Expo.

About Eltek Valere

Eltek Valere AS is the industry's leader in green, high-efficiency power technology and is advancing its goal of 'becoming the greenest power in the industry' through innovative power solutions and excellence in product quality and customer support. Headquartered in Drammen, Norway, Eltek Valere is a global leader in power electronics offering end-to-end power solutions for mobile and fixed-line network infrastructure and industrial applications and includes rectifiers, inverters, enclosures and alternative energy solutions. The company has more than 2,000 employees, offices in 25 countries and sales in more than 100 countries. Founded in 1971, Eltek Valere is part of Eltek ASA listed on Oslo Stock Exchange (OSE). More information is available at www.eltekvalere.com.