MRO TEK - Updates

With reference to suspension of activities in the Joint Venture Company (between RAD Data Communications Ltd and MRO TEK), MRO TEK Ltd has further clarified as follows :

"- The JV company was earlier manufacturing Populated Printed Circuit Boards (PPCBs) pertaining to certain equipment;

- These PPCBs were supplied by the JV company to MRO-TEK Ltd for further processing and manufacture of final equipment, which equipment were sold by MRO-TEK to the ultimate customer/s.

After the present re-structuring and suspension of manufacturing activity/s by the JV company,

- Such PPCBs shall be supplied directly to MRO-TEK Ltd by RAD (of Israel) and

- The Company shall continue to do further processing and manufacture of final equipment, which equipment shall continue to be sold by MRO-TEK to the ultimate customer/s.

As such, the activities and the (business and commercial) interest/s of the Company, as well as ongoing long term relationship with RAD (of Israel), shall continue without being affected in any way, whatsoever."