NEW YORK, Oct. 20, 2004 (PRIMEZONE) -- Enertec Systems 2001, a majority owned affiliate company of Lapis Technologies Inc. (OTCBB:LPST), today announced that it has booked its first order for a Test System for helicopters that it has developed and been marketing for the last few months. The initial order generated several hundred thousand dollars in revenue.
Harry Mund, CEO of Lapis Technologies Inc., says, "I am delighted with this order because if successful, should open the path for more units to be ordered over the next eighteen months, since it tests a low cost but advanced helicopter."
Lapis Technologies Inc. was formed in Delaware on January 31, 2002. Lapis Technologies Inc., conducts operations in Israel through its wholly owned subsidiaries, Enertec Electronics Ltd, Enertec Management Ltd, and its 55% owned subsidiary Enertec Systems 2001 Inc. Lapis Technologies Inc., through its subsidiaries, manufactures and distributes electronic components and products relating to power supplies, converters and related power conversion products, automatic test equipment (ATE), simulators and various military and airborne systems