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Lapis Technologies Wins Contract to Supply Sophisticated Military Test Equipment to a Major Aerospace Corporation

December 12, 2011

EMERSON, NJ--(Marketwire - Dec 12, 2011) - Lapis Technologies, Inc. (PINKSHEETS: LPST), a provider of aerospace and defense technologies and solutions, announced today that its wholly owned subsidiary, Enertec Systems 2001 Ltd (Enertec), received from a global aerospace corporation a purchase order for the production of sophisticated military test equipment. The total value of this order is approximately $800,000 and it is expected to be delivered in 2012.

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