Three electronics companies, together with a project-management company, inaugurated a HUF 2.36 billion Electronics Technology Test Center (El-Tech Center) in Budapest on Thursday. The El-Tech Center is equipped to design, manufacture and test hi-tech electronic devices, such as components for satellites, aircraft or instruments used in nanotechnologies.

The founder companies include the satellite technology company BHE Bonn Hungary, security systems maker Carinex, Technoorg Linda (which specializes in ion beam technology for electron microscopy) and Budaorsi ISC, a business development company. The project was granted a HUF 476 million grant from the EU Regional Development Fund.