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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2003
ELTEK LTD.
(Name of Registrant)
Sgoola Industrial Zone, Petach Tikva, Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F ___
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): ___
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): ___
Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ___ No X
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ________________
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ELTEK LTD.
6-K Items
1. Eltek Ltd. Press Release re Eltek Immersion Gold Plating Line Damaged in
Fire dated March 5, 2003.
ITEM 1
Press Release Source: Eltek Ltd.
Eltek Immersion Gold Plating Line Damaged in Fire
Wednesday March 5, 8:05 am ET
Company Fully Insured for Damages Resulting from Malfunctioning Thermostat
PETACH-TIKVA, Israel, March 5 /PRNewswire-FirstCall/ -- Eltek Ltd. (Nasdaq: ELTK
- News), the leading Israeli manufacturer of advanced circuitry solutions, today
announced that a fire occurred at its production facility in Peta ch-Tikva on
Friday, February 28, 2003.
The fire, which began as a result of a malfunctioning heat bath thermostat on
its immersion gold plating line, took place during the early morning hours, and
no injuries were reported. While the line was rendered inoperable as a result of
the fire, the Company is fully insured for damages and has already begun
repairing the line to get it operational on an interim basis. Additionally, the
Company is proceeding with plans for a new line to replace the one damaged in
the fire. It is expected that the temporary line will be running within several
weeks, and the new line will be operational in several months. Until its
temporary line is operational, the Company has engaged several subcontractors in
Israel and Europe to perform the immersion gold plating process. In addition,
the Company noted that it is insured for any potential loss of income that
should arise as a result of this incident.
Arieh Reichart, President and CEO of Eltek said, "This was a very unfortunate
accident, we are extremely thankful that no one was hurt as a result of it. We
are operating under our contingency plan, using subcontractors for this process,
and are fully committed to rebuilding the line that was damaged so that we can
resume complete operation as quickly as possible."
About Eltek
Eltek is one of Israel's leading manufacturers of printed circuit boards, the
core circuitry of most electronic devices. It specializes in the complex
high-end of PCB manufacturing, i.e., HDI, multi-layered and flex-rigid boards.
Eltek's technologically advanced circuitry solutions are used in today's
increasingly sophisticated and compact electronic products. The Company has
invested heavily in upgrading its production facilities over the past five
years.
Certain matters discussed in this news release are forward-looking statements
that involve a number of risks and uncertainties including, but not limited to
statements regarding expected results in future quarters, risks in product and
technology development and rapid technological change, product demand, the
impact of competitive products and pricing, market acceptance, the sales cycle,
changing economic conditions and other risk factors detailed in the Company's
United States Securities and Exchange Commission filings.
You may register to receive Eltek's future press releases or to download a
complete Digital Investor Kit(TM) including press releases, regulatory filings
and corporate materials by clicking on the "Digital Investor Kit(TM)" icon at
http://www.kcsa.com .
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ELTEK LTD.
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(Registrant)
By: /s/Arieh Reichart
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Arieh Reichart
President and Chief Executive Officer
Date: March 6, 2003