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Arotech Receives $1 Million
Vehicle Armor Order
From U.S. Army
Arotech’s Armour of America
will supply armor kits to protect US Army vehicles operating in
Iraq
April
12, 2005 - Arotech Corporation (NasdaqNM: ARTX) announced today
that its AoA (Armour of America) subsidiary, belonging to its Armor
Division, has received a new order valued at over $1 million for
ballistic armor kits.
Arotech’s AoA subsidiary will supply its
armor kits to protect U.S. Army vehicles operating in Iraq. Deliveries
are expected to be completed within thirty days.
“Our troops in Iraq need armor protection
fast. Our AoA subsidiary is committed to delivering armor for almost
immediate installation that will give our troops and aircrews the
ballistic protection they deserve,” said Robert S. Ehrlich,
Arotech Chairman and CEO. “This new order demonstrates the
excellent quality and timely delivery of these armor products.”
About Arotech’s Armor Division
Arotech’s Armor Division is an innovative
leader in lightweight armoring for vehicles and ballistic armoring.
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 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
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, 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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