|
Arotech Simulator Subsidiary
Delivers Systems to Police and Law Enforcement Agencies Nationwide
Revenue of $400,000 from deliveries
of IES Range-3000 systems to law-enforcement agencies
May 6, 2003 - Arotech Corporation
(NasdaqNM: ARTX) announced today that its "use-of-force" training
subsidiary, IES Interactive Training, Inc. has recently completed delivery
of Range 3000 simulator systems to police forces nationwide. Sale of
these systems were valued at $400,000.
IES Range 3000 systems were delivered
to the Police Departments of Fresno CA, Brookline, MA, Bend, OR, Newport
News, VA, and the Mashantucket Tribe, CT. The State of Virginia Police
Academy and the Arizona Maricopa County Sheriff received systems as
well. The Veterans Administration Medical Centers of Lebanon, PA, and
Hampton, VA received systems for training their security personnel.
"We
were very happy with our Range2000, so when it came time to upgrade
we went with the Range3000”, said David Seleky of the Fresno Police
Department in Fresno, CA. “With the quality of the Range2000,
from the customer and technical support to the entire company, we are
looking forward to using the Range3000 to help enhance our training
curriculum."
IES Interactive Training, (www.ies-interactive.com)
is a world-leading manufacturer of hi-tech multimedia and interactive
digital training solutions to corporations, government agencies and
military and law enforcement professionals around the globe. Through
the incorporation of a unique solution-driven philosophy and an experienced
team of interdisciplinary professionals, IES has assumed a leadership
role in delivering products that set the industry standard for interactive
simulation training systems. Its focus is to develop and sell advanced
multimedia training systems specifically targeted for law enforcement
and firearms training.
"These
deliveries help maintain our position as the leading provider of training
systems to law enforcement agencies" said Arotech Chairman and
CEO Robert S. Ehrlich, "We plan to expand these activities and
offer our customer-base additional new training and simulator products
that will expand their training of law enforcement officers”.
About Arotech Corporation
Arotech's corporate mission is to provide quality
defense and security products for the military, law enforcement and
homeland security markets, including advanced zinc-air batteries, multimedia
interactive simulators/trainers and lightweight armoring.
Arotech Corporation (www.arotech.com) operates two
business divisions: Electric Fuel Batteries — developing and manufacturing
zinc-air batteries for military and homeland security applications and
developing electric vehicle batteries for zero emission public transportation;
and Arotech Defense — consisting of IES Interactive, which provides
advanced high-tech multimedia training systems for law enforcement and
paramilitary organizations, and MDT Armor, which provides vehicle armoring
for the military, industrial and private sectors. Arotech is incorporated
in Delaware under the name “Electric Fuel Corporation” and
has corporate and sales offices in New York and Denver with research,
development and production subsidiaries in Alabama, Colorado and Israel.
Except for the historical information herein, the matters discussed
in this news release include forward-looking statements, as defined
in the Private Securities Litigation Reform Act of 1995. Readers are
cautioned not to place undue reliance on these forward-looking statements,
as they are subject to various risks and uncertainties that may cause
actual results to vary significantly. These risks and uncertainties
include, but are not limited to, risks relating to: product and technology
development; the uncertainty of the market for Arotech’s products;
changing economic conditions; delay, cancellation or non-renewal, in
whole or in part, of contracts or of purchase orders; significant future
capital requirements; and other risk factors detailed in Arotech’s
most recent Annual Report on Form 10-K for the fiscal year ended December
31, 2002 and other filings (under the name Electric Fuel Corporation)
with the Securities and Exchange Commission. Arotech assumes no obligation
to update the information in this release. Reference to the Company’s
website above does not constitute incorporation of any of the information
thereon into this press release.
|