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Arotech's MDT Division Receives
Over $3 Million in Orders for Armor Products
Includes armored vehicles, aviation
armor kits and personal armor
March
6, 2007 - Arotech Corporation (NasdaqGM: ARTX) announced today
that its Armor Division has recently received over $3 million in
orders for armoring vehicles, for aviation armor kits and for personal
armor. Products will be supplied from the Armor Division’s
plants in the US and in Israel.
“We have successfully completed the integration
of armor production of vehicles and aviation kits in our Auburn,
Alabama plant,” said Robert S. Ehrlich, Chairman and CEO of
Arotech Corporation. “The MDT Division is continuing to grow
in both Israel and the in the US and we are pleased these new orders
will help protect and save the lives of military personnel.”
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 Protective Industries Ltd., MDT
Armor Corporation 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 Training and Battery and Power Systems.
Arotech is incorporated in Delaware, with corporate
offices in Ann Arbor, Michigan, and research, development and production
subsidiaries in Alabama, Michigan 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, including the results of our restructuring program.
Forward-looking statements reflect management’s current knowledge,
assumptions, judgment and expectations regarding future performance
or events. Although management believes that the expectations reflected
in such statements are reasonable, 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 materially. 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; dilution
resulting from issuances of Arotech’s common stock upon conversion
or payment of its outstanding convertible debt, which would be increasingly
dilutive if and to the extent that the market price of Arotech’s
stock decreases; and other risk factors detailed in Arotech’s
most recent Annual Report on Form 10-K for the fiscal year ended
December 31, 2005, 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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