Eltek Valere Nabs Two Major Contracts

Richardson-based Eltek Valere, a manufacturer of DC power supplies for the telecom industry, inked two big contracts, the firm announced Thursday. Eltek Valere said it has signed a $12M agreement with an un-named, international mobile operator for its products, covering around 460 sites in six countries in Africa and one country in Central America. Separately, the firm said it has signed a $10M contract in Brazil, with what it says is one of the largest mobile operators in Brazil, to provide its power systems to base stations and central network installations for that operator.