THE MARKET HERALD: “Elsight (ASX:ELS) expands partnership with IAI for Halo units”

In an article published on 14 Jan 2020, The Market Herald reported on a significant 2020 milestone for Elsight

Highlights:

  • Israel Aerospace Industries has placed a purchase order for 50 of Elsight’s (ELS) Halo communication Units

  • Israel Aerospace is Israel’s largest defence, aerospace, robotics and aviation manufacturer

  • The purchase follows a proof of concept field trial and the units will be used for robotics and unmanned vehicles

  • Elsight is up 7.5 per cent at market close, trading at 43 cents each 

     

     

    From the article:

    CEO Nir Gabay said; “We are very excited by this opportunity to provide a strategic component that will improve and enhance IAI’s product offering”.

    Meir Shabtai, Head of Robotics and Autonomous Systems Division, IAI/ELTA, commented on the expansion, saying; “After conducting tests on Elsight’s products over the course of a number of months, we have concluded that Elsight offers unique solutions that simply do not exist elsewhere”.

Read the full article here

 

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