Elbit Systems Invests in the Israeli Company Pearls of Wisdom Advanced Technologies
Pearls of Wisdom Develops Micro-Sensors for Intelligence Gathering, Enabling Terrain Dominance
HAIFA, Israel, January 3, 2011 - Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("ESLT") announced today that it signed an agreement to invest in Pearls of Wisdom Advanced Technologies Ltd. ("Pearls of Wisdom") an amount of approximately $18 million. The investment will be made by one of Elbit Systems' subsidiaries and will be performed in several stages over several years, according to a road map agreed by Elbit Systems and the current investors.
Elbit Systems' holdings in Pearls of Wisdom will increase gradually.
Pearls of Wisdom, an Israeli company, develops micro-sensors for intelligence gathering, enabling terrain dominance
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems ("UAS"), advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios. The Company also focuses on the upgrading of existing military platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services.
For additional information, visit: www.elbitsystems.com.
Source: Elbit Systems Ltd
Company Contact: Joseph Gaspar, Executive VP & CFO, Tel: +972-4-8316663, j.gaspar@elbitsystems.com, Dalia Rosen, VP, Head of Corporate Communications, Tel: +972-4-8316784, dalia.rosen@elbitsystems.com, Elbit Systems Ltd.; IR Contact: Ehud Helft, Kenny Green, CCG Investor Relations, Tel: +1-646-201-9246, elbitsystems@ccgisrael.com
