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February 13, 2016 1:53 AM ET

Diversified Financial Services

Company Overview of Elron Electronic Industries Ltd.

Company Overview

Elron Electronic Industries Ltd., through its subsidiaries, operates in medical devices and other technology fields in North America and internationally. The company develops and markets a platform for the optimization of cloud service resources; develops a remote patient monitoring solution for congestive heart failure patients; and incubates and develops companies in the digital field, such as cloud, networks, and applications. It also develops a microbiological laboratory system for diagnosis. The company was founded in 1961 and is headquartered in Tel Aviv, Israel. Elron Electronic Industries Ltd. is a subsidiary of Discount Investment Corporation Ltd.

3 Azrieli Center

42nd Floor

Tel Aviv,  6702301

Israel

Founded in 1961

Phone:

972 3 607 5555

Fax:

972 3 607 5556

Key Executives for Elron Electronic Industries Ltd.

Chief Financial Officer of Given Imaging
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2014.

Elron Electronic Industries Ltd. Key Developments

Elron Electronic Industries Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Elron Electronic Industries Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported income from sales of $266,000 against $106,000 a year ago. Income before taxes on income was $15,773,000 against loss before taxes on income of $7,121,000 a year ago. Net income attributable to the company's shareholders was $6,330,000 or $0.21 per basic and diluted share against net loss attributable to the company's shareholders of $4,199,000 or $0.14 per basic and diluted share a year ago. Net cash used in operating activities was $4,793,000 against $1,049,000 a year ago. Purchase of property and equipment was $152,000 against $12,000 a year ago. For the nine months, the company reported income from sales of $715,000 against $249,000 a year ago. Income before taxes on income was $12,763,000 against $156,919,000 a year ago. the company reported income from sales of $266,000 against $106,000 a year ago. Income before taxes on income was $15,773,000 against loss before taxes on income of $7,121,000 a year ago. Net income attributable to the company's shareholders was $6,014,000 or $0.20 per basic and diluted share against $93,616,000 or $3.15 per basic and diluted share a year ago. Net cash used in operating activities was $14,256,000 against $6,992,000 a year ago. Purchase of property and equipment was $310,000 against $27,000 a year ago.

Elron Electronic Industries Ltd. Provides Update on the Diagnostic Trial Conducted by Pocared Diagnostics Ltd

Elron Electronic Industries Ltd. announced that as conveyed to Elron by Pocared, the rate of sample collection and data processing is lower than expected according to its business plan and as a result, Pocared is now expected to complete the sample collection for the trial during the month of December 2015 and not as previously reported.

Elron Electronic Industries Ltd., Special/Extraordinary Shareholders Meeting, Jun 24, 2015

Elron Electronic Industries Ltd., Special/Extraordinary Shareholders Meeting, Jun 24, 2015., at 15:00 Israel Standard Time.

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