PETACH-TIKVA, ISRAEL – Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that it reached a settlement with its insurance carrier under which the insurance company will pay an additional $2 million to cover costs and damages incurred by Eltek with respect to the fire in its plant in June 2022. The Company previously received an interim payment of $1 million in August 2022.

"We are very satisfied with the agreement which covers all of the damages incurred and our subsequent costs, mainly the purchase of new production equipment, construction costs and the replacement of damaged raw materials," said Eli Yaffe, CEO of Eltek.

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