Elron Highlights Developments in Group Companies

Elron Electronic Industries Ltd. (NASDAQ:ELRN) (TASE:ELRN) highlighted today that three of its group companies have won several orders during the past week.

Starling Advanced Communications Ltd. ("Starling", TASE:STLG, 68% held jointly by Elron and RDC), a developer and manufacturer of innovative airborne broadband antenna systems, announced that it has received its first order from Jeson Wireless (Shanghai) Communications Co. Ltd. to supply innovative antenna systems for emergency vehicles in China. The Starling antenna systems will be able to transmit and receive video, images, and heavy data files, and communicate via VoIP for onsite emergency information transfer. The order is for approximately NIS 2.5 million (approximately $0.7 million). The antennas will be supplied during the second quarter of 2009. This order will enable Starling to expand its addressable markets to include land connectivity.

Wavion Ltd. ("Wavion", 66% held by Elron), a company transforming the metro Wi-Fi and rural markets with a new category of spatially adaptive base stations, has partnered with Emperion of Lagos, Nigeria, an Internet Service Provider, to create a nationwide Wi-Fi Network in Nigeria. Wavion will deploy Base Stations throughout Nigeria to deliver high-speed Internet access (Wi-Fi) to large and small towns, as well as rural villages, making internet publicly available nationwide.

Safend Ltd. ("Safend", 27% held by Elron), a leading provider of endpoint data leakage prevention (DLP) solutions, and the Vantage Group, a California-based security consultation firm and a Safend reseller, have signed a Master Purchase Agreement with Los Angeles County, selecting Safend's endpoint DLP solutions to power its comprehensive data security initiative. The agreement provides LA County agencies, as well as other California government organizations, the opportunity to leverage the cumulative purchases of numerous agencies to procure Safend's solutions at an attractive price. LA County, the largest county in the United States, includes 38 departments spread over 70 locations with over 90,000 desktops.

About Elron Electronic Industries

Elron Electronic Industries Ltd., a member of the IDB Holding group, is a leading Israel-based technology holding company directly involved in the long-term performance of its group companies. Elron identifies potential technologies, creates strategic partnerships, secures financing, and recruits highly qualified management teams. Elron's group companies currently comprise a diverse range of publicly-traded and privately held companies primarily in the fields of medical devices, information & communications technology, clean technology and semiconductors. For further information, please visit www.elron.com

Forward Looking Statements

Any statements in this press release that may be considered forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Actual results may differ from such forward-looking statements due to various risks and uncertainties, including among others the risk factors discussed in periodic reports filed by the Company with the Securities and Exchange Commission, which the Company urges investors to consider.