NEW YORK, Oct. 26, 2004 (PRIMEZONE) -- Enertec Systems 2001 Inc., a majority-owned affiliate company of Lapis Technologies Inc. (OTCBB:LPST) today announced that it has successfully installed the first of a ten unit order for a DataLink Test System in the Far East generating several hundreds of thousands of dollars in revenue.
The Datalink tests the communication channels between the ground and the UAV (Unmanned Aircraft Vehicle). Prior to the installation, the End Client's technical staff completed its training at Enertec Systems 2001 Inc.'s in Israel.
This is the first order of a total order of ten units to be installed on behalf of Enertec Systems 2001 Inc.'s Clients' End-Users. The balance of units is expected to be delivered over the next 12 months, generating projected revenues in excess of several hundreds of thousands of dollars of revenue.
The installation went smoothly and the Company looks forward to a rapid rollout of the remaining systems.
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.