Elsight Ltd. (AU:ELS) has released an update.
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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.
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