November 30, 2006 09:45 ET

STABLCOR Signs First International License Agreement

Eltek Limited to Incorporate Company's Technology Worldwide

COSTA MESA, CA -- (MARKET WIRE) -- November 30, 2006 -- STABLCOR Inc., a provider of laminate-based thermal management technology for printed circuit boards and substrates, announced today that it has entered into a license agreement with Eltek Ltd. (NASDAQ: ELTK), the leading printed circuit board (PCB) manufacturer in Israel, with fiscal 2005 revenue of approximately $32 million.

Under the terms of the agreement, STABLCOR has granted Eltek the license to incorporate its patented technology into PCBs and substrates manufactured at its facilities in Israel and Germany. Eltek markets its high-end, flex-rigid PCBs to a wide variety of industries worldwide with a strategic focus on military, aerospace and high-level commercial applications where a lightweight board with inherent strength, rigidity, thermal conductivity, and solder joint reliability are a necessity.

"We believe the incorporation of the STABLCOR technology will assist in expanding our product line and provide our sales team with a competitive advantage for market penetration," commented Eltek President and Chief Executive Officer Arieh Reichart. "We are working closely with STABLCOR's technical and marketing team and expect a December introduction to our sales and marketing team, as well as a number of our customers and business partners, of the technological advantages and benefits provided by STABLCOR's innovative technology."

"We are pleased to have signed our first international licensing agreement with a respected industry leader and manufacturer of sophisticated, high quality printed circuit boards for advanced circuitry solutions," commented STABLCOR President Douglas J. Tullio. "Eltek has an impressive customer base and is well-known throughout the industry for its advanced manufacturing capability and product quality. We look forward to a mutually beneficial relationship with Eltek and its management team."

About Eltek Ltd.

Eltek is Israel's leading manufacturer of printed circuit boards, the core circuitry of most electronic devices. It specializes in the complex high-end of PCB manufacturing, i.e., HDI, multi-layered and flex-rigid boards. Eltek's technologically advanced circuitry solutions are used in today's increasingly sophisticated and compact electronic products. For more information, visit Eltek's World Wide Web site at


STABLCOR® is the only provider of a thermally and electrically conductive carbon composite material which, when incorporated in printed circuit boards and substrates, controls heat, thermal expansion and increases the rigidity and strength of circuit boards without increasing the weight. The patented laminate and the processes to incorporate STABLCOR into circuit boards and substrates provide the electronics industry a cost efficient technology to produce smaller electronic products while eliminating the thermal, mechanical and reliability concerns that currently challenge the semiconductor industry. For more information about STABLCOR, visit

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