Exhibit 99.1 Press Release Eltek Reports Full Year and Fourth Quarter 2021 Financial Results • Revenues of $33.8 million in 2021 compared to $36.7 million in 2020. • Net profit of $5.0 million in 2021 compared to a net profit of $2.6 million in 2020. • Revenues of $9.5 million in the fourth quarter of 2021 compared to $9.5 million in the fourth quarter of 2020. • Net profit of $3.8 million in the fourth quarter of 2021 compared to net profit of $0.8 million in the fourth quarter of 2020. • Gross margin of 2 ...