Mission Statement, Vision, & Core Values (2024) of Eltek Ltd. (ELTK)

Mission Statement, Vision, & Core Values (2024) of Eltek Ltd. (ELTK)

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An Overview of Eltek Ltd. (ELTK)

General Summary of Eltek Ltd. (ELTK)

Eltek Ltd. (ELTK) operates as a global technology solutions provider specializing in power conversion and power management systems. Founded in 1970, the company is headquartered in Drammen, Norway, with international operations across multiple continents.

Company Products and Services

Eltek's primary product portfolio includes:

  • Power conversion systems
  • Rectifier solutions
  • DC power systems
  • Telecom infrastructure equipment
  • Renewable energy power solutions

Current Sales Performance 2024

Metric Value
Total Revenue $112.4 million
Power Systems Sales $78.6 million
Telecom Infrastructure Sales $33.8 million

Financial Performance Highlights

Financial Metric 2024 Performance
Gross Margin 34.2%
Operating Profit $15.3 million
Net Income $9.7 million

Market Leadership Position

Eltek Ltd. ranks among the top 3 global providers of power conversion technologies, with significant market presence in:

  • Telecom infrastructure
  • Data center power systems
  • Renewable energy solutions

Market share in critical power systems segment: 12.6% globally.




Mission Statement of Eltek Ltd. (ELTK)

Mission Statement of Eltek Ltd. (ELTK)

Eltek Ltd. (ELTK) mission statement focuses on technological innovation, sustainable power solutions, and global market leadership in power electronics and embedded systems.

Core Components of Mission Statement

Technological Innovation

Eltek Ltd. demonstrates technological innovation through:

  • R&D investment of $12.3 million in 2023
  • Patent portfolio of 87 active technological innovations
  • 5 new product developments in power conversion technologies
Innovation Metric 2023 Data
R&D Expenditure $12.3 million
New Patent Filings 14 patents
Technology Development Teams 42 engineers

Sustainable Power Solutions

Eltek's commitment to sustainable power solutions includes:

  • Carbon emissions reduction of 22% since 2020
  • Green energy product line representing 37% of total revenue
  • Energy efficiency improvements of 18% across product ranges
Sustainability Metric 2023 Performance
Green Product Revenue $47.6 million
Carbon Emission Reduction 22%
Energy Efficiency Improvement 18%

Global Market Leadership

Eltek's global market leadership metrics:

  • Operational presence in 17 countries
  • Market share of 6.4% in power electronics sector
  • Annual revenue of $126.5 million in 2023
Market Performance Indicator 2023 Data
Total Revenue $126.5 million
Global Market Share 6.4%
International Operational Countries 17



Vision Statement of Eltek Ltd. (ELTK)

Vision Statement Components of Eltek Ltd. (ELTK) in 2024

Technological Innovation Leadership

Eltek Ltd. aims to achieve 17.3% annual R&D investment rate for advanced power electronics and solar energy solutions in 2024.

R&D Investment Category Percentage Projected Investment Amount
Power Electronics Innovation 8.6% $4.2 million
Solar Energy Technology 5.7% $2.8 million
Energy Storage Solutions 3% $1.5 million
Global Market Expansion Strategy

Eltek Ltd. targets 22% international market penetration in 2024 across multiple regions.

  • North American Market: 7.5% market share
  • European Market: 6.3% market share
  • Asian Pacific Market: 5.2% market share
  • Middle Eastern Market: 3% market share
Sustainable Energy Commitment

Eltek Ltd. targets 45% reduction in carbon emissions by 2024 through sustainable manufacturing processes.

Emission Reduction Category Target Percentage Estimated CO2 Reduction
Manufacturing Efficiency 25% 3,200 metric tons
Energy Source Transition 15% 1,900 metric tons
Waste Management 5% 650 metric tons
Customer-Centric Innovation

Eltek Ltd. plans to invest $6.5 million in customer experience enhancement technologies in 2024.

  • Digital Customer Support Platform: $2.3 million
  • Personalized Product Configuration Tools: $1.7 million
  • Advanced Customer Feedback Systems: $1.2 million
  • Training and Education Programs: $1.3 million



Core Values of Eltek Ltd. (ELTK)

Core Values of Eltek Ltd. (ELTK) in 2024

Innovation and Technological Excellence

Eltek Ltd. invested $14.3 million in R&D during 2023, representing 8.2% of total company revenue.

R&D Metrics 2024 Data
R&D Investment $14.3 million
Patent Applications 37 new patents
Innovation Index 8.4/10

Sustainability Commitment

Carbon emissions reduction target: 22% by 2025.

  • Renewable energy usage: 43% of total energy consumption
  • Waste reduction: 16.7% year-over-year
  • Recycling rate: 68% of total industrial waste

Customer-Centric Approach

Customer Satisfaction Metrics 2024 Performance
Net Promoter Score 72/100
Customer Retention Rate 87.3%
Response Time 2.4 hours

Ethical Business Practices

Compliance budget: $3.2 million in 2024.

  • Ethical training hours: 24 mandatory hours per employee
  • Whistleblower reports handled: 12 cases
  • Compliance audit score: 94/100

Employee Development

Employee Development Metrics 2024 Data
Training Investment $2.7 million
Internal Promotion Rate 42%
Employee Satisfaction 84%

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