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Arotech’s Simulation
and Security Division Receives Over $1.8 Million in New Orders
April
4, 2005 - Arotech Corporation (NasdaqNM: ARTX) announced today
that its Simulation and Security Division, through its FAAC and
IES subsidiaries, has received new orders totaling over $1.8 million
for combat operations, driving and use-of-force simulator training
equipment.
The new orders include awards received by Arotech’s
FAAC subsidiary, to supply air combat training software to the US
Navy and to Boeing. Under the new orders, FAAC will deliver on-board
pilot decision making and combat training software for F-15 fighter
aircraft and other combat training applications. FAAC additionally
received new orders for its driving training simulators from a variety
of customers across the U.S.
Arotech’s IES subsidiary has also received
additional orders from a major police training organization, to
supply its Range 3000 XP4 use-of-force training simulators. The
Range 3000 XP4 allows officers and trainees to encounter realistic,
real-world scenarios in a safe, controlled environment. The simulators
gauge and analyze both judgment and accuracy.
“The new orders reflect the high
quality and versatility of our simulation and training products
that meet the requirements of a large and diverse customer base,”
said Robert S. Ehrlich, Chairman, President and CEO of Arotech.
“The division's expertise in this field has enabled its customers
to train their personnel in safe, productive and realistic environments.”
About Arotech’s Simulation and Security
Division
Arotech’s Simulation and Security
Division develops, manufactures and markets advanced hi-tech multimedia
and interactive digital solutions for use-of-force and driving training
of military, law enforcement, security and private industry personnel.
The division’s fully interactive driver-training systems feature
state-of-the-art vehicle simulator technology enabling training
in situation awareness, risk analysis and decision making, emergency
reaction and avoidance procedures, and conscientious equipment operation.
Over 100,000 drivers have been trained on its installed base of
220 driving simulators. The division 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.
In addition, the division’s use-of-force training products
and services allow organizations to train their personnel in safe,
productive and realistic environments.
Arotech’s Simulation and Security
Division consists of FAAC Incorporated and IES Interactive Training
Inc.
About Arotech Corporation
Arotech Corporation is a leading
provider of quality defense and security products for the military,
law enforcement and homeland security markets, including multimedia
interactive simulators/trainers, lightweight armoring and advanced
zinc-air and lithium batteries and chargers. Arotech operates through
three major business divisions: Armor, Simulation and Security and
Battery and Power Systems.
Arotech is incorporated in Delaware,
with corporate offices in Auburn, Alabama, and research, development
and production subsidiaries in Alabama, Colorado, Michigan, California
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, 2004 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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