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Arotech Awarded $2 Million
in Orders for Armored Vehicles
Orders received at both Arotech
MDT units, in Israel and in the U.S.
October
11, 2005 - Arotech Corporation (NasdaqNM: ARTX) announced today
that its Armor Division has received new orders valued at approximately
$2 million to supply armored vehicles to various customers for military
and civilian applications. Most of these vehicles are expected to
be delivered to customers by the end of the year.
“Demand for our armored vehicles remains
strong and reflects our continued commitment to our customers to
provide high-quality protection in life-threatening situations,”
said Robert S. Ehrlich, Chairman and CEO of Arotech Corporation.
“We view the ongoing success of our vehicle-armoring subsidiaries
as an intrinsic part of our renewed focus on the internal growth
of the Company.”
About Arotech's Armor Division:
Arotech’s Armor Division is an innovative leader in lightweight
armoring for vehicles. The Armor Division has years of battlefield
and commercial protection experience and has provided life saving
protection under the most extreme conditions. In addition to armoring
vehicles for military and commercial customers, Arotech manufactures
armor kits for military vehicles, aviation armor both for helicopters
and for fixed wing aircraft, marine armor, personnel armor and fragmentation
blankets.
The Armor Division consists of MDT Armor Corporation, MDT Protective
Industries Ltd. and Armour of America Incorporated.
About Arotech Corporation
Arotech Corporation is a leading provider of quality defense and
security products for the military, law enforcement and 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 Batteries 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, as amended, 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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