Arotech Receives Order
From US Air Force for Man Portable Zinc-Air Batteries
27, 2005 - Arotech Corporation (NasdaqNM: ARTX) announced today
that its Battery and Power Systems Division has received a pilot
order for its new 4th generation man portable Zinc Air battery packs
from the US Air Force.
Developed and manufactured by
its Electric Fuel Battery Corporation subsidiary, Arotech’s
new battery pack is a 12 or 24 Volt battery with a total capacity
of over 400Wh and Battery Energy Density of approximately 300Wh/kg.
The new battery pack is optimized for use in vests, as man portable
tactical radios are typically vest-worn in holsters. The pack is
also designed for use in rucksacks.
The order from the US Air Force
is the second order for Arotech’s new 4th generation man-portable
batteries. The Company previously received an order from the US
Army for its new power packs. In addition, Arotech has already received
several development contracts for its new generation Zinc-Air batteries
for unmanned aerial vehicles.
"We are very excited about
the progress we are making with this next generation technology,
which far outperforms competing technologies,” said Robert
S. Ehrlich, Arotech Chairman and CEO. "With the demand for
this technology, we are fulfilling our goal to deliver batteries
with more energy, to better serve our armed forces. This new order
is a further endorsement of our leadership in this technology.”
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 New York, and research, development and
production subsidiaries in Alabama, Colorado, Michigan, California
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, 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.