New Arotech Adaptors
to be Introduced by the U.S. Army
- First man-portable hybrid power
sources procured by the U.S. Army -
17, 2005 - Arotech Corporation (NasdaqNM: ARTX) announced today
that its Electric Fuel Battery subsidiary has received an order
from the US Army’s Communications and Electronic Command (CECOM),
for four new adaptors.
Under this latest order, Arotech’s
four new adapters will be procured by the Army for a variety of
applications. The SATCOM High Frequency radio adaptor incorporates
rechargeable batteries and the JAVELIN anti tank missile adaptor
incorporates a capacitor bank. Connected together with the Zinc-Air
BA-8180/U battery, each forms a hybrid power source, which provides
enhanced energy densities. This represents the first time that man-portable
“hybrids” are being stocked by the U.S. Army. The other
new adaptors will be used for the MBITR radio and the M22 ACADA
“This order for new adaptors
coupled with the recently announced order for our new BA-8140/U
zinc-air batteries reflects the Army’s confidence in our field-proven
zinc-air technology and products,” said Robert S. Ehrlich,
Chairman and CEO of Arotech. “These latest products are part
of our continued commitment to enhance soldiers’ mission capabilities”.
Arotech is the sole supplier of
zinc-air batteries to the U.S. Army and has delivered tens of thousands
of its BA-8180/U zinc-air batteries to date.
Zinc-air batteries are considerably
safer in combat situations, lighter for extended missions, more
economical and more environmentally friendly than lithium batteries.
Arotech’s Battery and Power
Systems Division is a leading provider of zinc-air and rechargeable
batteries and chargers for defense and security products and other
military applications. Arotech develops and produces high power
zinc-air batteries and is believed to be the sole supplier of this
technology to the US military. In addition, Arotech develops high-end
primary and secondary batteries and associated chargers and has
vast experience in working with government agencies, the military
and large corporations. The division also pioneers advancements
in zinc-air technology for electric vehicles.
The Battery and Power Systems
Division consists of Electric Fuel Battery Corporation, Electric
Fuel Ltd., and Epsilor Electronic Industries Ltd.
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, 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.