Elsight
Key Highlights:
- Elsight secures material order from major defence contractor for the development and supply of the first batch of a new cellular communication product
- Initial Purchase Order represents Elsight's largest defence deal to-date and could result in orders of US$5 million in the next 1-2 years
- Order is first phase of a strategic multi-year program in partnership with leading defence contractor, with anticipated growth starting in 2025 and beyond
Elsight Limited (ASX: ELS) the carrier-agnostic, connectivity solutions company, is pleased to announce the receipt of a $US380,000 (~A$562,000) Initial Purchase Order from a major defence contractor, to develop and supply the first batch of a new battlefield communication device that is an integral part of a large strategic program.
The first order includes the development and supply of a first small early batch of units. The new product is envisaged to be deployed by defence force end users as part of a much larger strategic program scheduled to begin in 2025.
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