NEW YORK, Oct. 14, 2004 (PRIMEZONE) -- Enertec Systems 2001, Inc., a majority owned affiliate company of Lapis Technologies, Inc. (OTCBB:LPST), today announced that it has successfully completed the ATE installation at the Boeing plant for the production and final testing of the Stage II of the Arrow Missile. Enertec Systems 2001 Inc. installed the system at Boeing's headquarters and, in addition, conducted on-site training at Boeing in the U.S.
Enertec Systems 2001, Inc. is a major supplier of ATE and support systems for the Arrow program, many of which go to the Israeli Aircraft Industry (IAI). The systems are used during the phases of design, verification, prototype testing, final testing, qualification, production and field testing as well as periodic maintenance. The ATE plays an important role in the manufacturing of the Missile, with its extensive in depth testing capabilities of the Missiles' various modules.
Lapis Technologies, Inc. was formed in Delaware on January 31, 2002. Lapis Technologies, Inc. conducts operations in Israel through its wholly owned subsidiaries, Enertec Electronics Ltd, Enertec Management Ltd, and its 55% owned subsidiary Enertec Systems 2001, Inc. Lapis Technologies, Inc., through its subsidiaries, manufactures and distributes electronic components and products relating to power supplies, converters and related power conversion products, automatic test equipment (ATE), simulators and various military and airborne systems.