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Arotech Subsidiary FAAC
Inc Completes US Army Driving Simulator Installations in South Korea
and Germany
Arotech first quarter results
will be released May 12
April
15, 2004 - Arotech Corporation (NasdaqNM: ARTX) announced today
that its FAAC subsidiary has completed installation of U.S. Army
Operator Driving Simulators in US Army bases in Germany and South
Korea. These international installations are the latest deliveries
in accordance with the U.S. Army Training Support Center distribution
plan, bringing the number of Army Operator Driving Simulators fielded
throughout the world to 21.
FAAC Operator Driving Simulators
are interactive, re-configurable training devices applying state
of the art simulation to train motor vehicle operators. In March
a full-motion simulator was installed at Kleber Kasern, Germany.
In April a mobile simulator, installed in a 40-foot fifth-wheel
trailer, was delivered to Camp Carroll, Republic of Korea.
“Our simulators can provide
the Army with better driver training at lower cost,” said
Robert S. Ehrlich, Arotech Chairman and CEO. “Now these advantages
will be available to soldiers training as drivers in Europe and
Asia as well.”
Ehrlich also said that Arotech
would issue its first quarter 2004 results on May 12, after the
close of the financial markets, with the earnings conference call
to take place the next morning.
About FAAC
FAAC
Incorporated has been providing high fidelity training and simulation
products to it's military and commercial customer base for over
30 years. FAAC supplies driving simulators for training operators
of automobiles, trucks, police/fire/EMS vehicles, bus drivers, light
rail operators, and airport ground vehicles. Over 80,000 drivers
have been trained on FAAC's installed base of 173 driving simulators.
FAAC also provides pilot decision-making support software for the
F-15, F-18, and JSF aircraft as well as simulation models for the
ACMI/TACTS air combat training ranges.
About Arotech Corporation
Arotech Corporation
provides quality defense and security products for the military,
law enforcement and homeland security markets, including advanced
zinc-air and lithium batteries and chargers, multimedia interactive
simulators/trainers and lightweight vehicle armoring.
The Battery and Power Systems Division includes
Electric Fuel Battery Corporation
and Epsilor Electronic Industries.
The Simulation, Training and Consulting Division includes IES
Interactive Training, FAAC Incorporated
and Arocon Security Consulting.
The Armored Vehicle Division includes MDT
Armor Corp and MDT Protective
Industries Ltd.
Arotech is incorporated in Delaware, with corporate
offices in New York, and research, development and production subsidiaries
in Alabama, Colorado, Michigan 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; and other risk factors detailed in Arotech’s
most recent Annual Report on Form 10-K for the fiscal year ended
December 31, 2003 and other filings 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.
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