Elsight Ltd. (AU:ELS) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Elsight Ltd., an Australian connectivity solutions provider, has announced its largest defence contract yet, with an initial $380,000 order for a new cellular communication device for the battlefield, indicating the start of a strategic partnership with a leading defence contractor. This new product is slated for deployment in 2025 and is expected to generate at least $5 million in revenue over the next few years, marking a significant validation of Elsight’s value in the defence market.
For further insights into AU:ELS stock, check out TipRanks’ Stock Analysis page.