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