Amtek JV with Israel's Enertec

Amtek Auto Limited, a wholly owned subsidiary of Amtek Auto Ltd, has informed the Exchange that Amtek Defence Technologies Limited, a group Company of Amtek Auto Limited has entered into a Joint Venture Agreement with Enertec Management Limited, an Israeli corporation (the holding Company of Enertec Systems 2001 Limited) with the objective of developing and manufacturing the advanced electronic systems, test systems, simulators and electronic systems for military applications.The said Joint Venture agreement however is subject to the receipt of all necessary approvals from Government of India and Ministry of Defense in due course of time. Enertec Systems Ltd., founded in the 1980s, is Israel’s largest private manufacturer of of advanced electronic systems, test systems, simulators, and electronic systems for military applications. It develops and manufactures electronic systems on a turnkey basis for Power supplies and converters for combat aircraft, missiles and mobile ground units ; Test and simulation systems for a wide array of weapon systems ; Ruggedized command & control mobile equipment for various weapon systems ; Command & control workstations for weapons systems ; Power supplies and switching systems ; Mobile shelters containing varied electronic systems ; Drivers for laser systems.