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Arotech's Armor Division Receives
Over $8 Million In New Orders For Armored Military Vehicles
March
10, 2008 - Arotech Corporation (NasdaqGM: ARTX) announced today
that its Armor Division has recently received over $8 million in
orders for armored vehicles to be supplied from the MDT plants in
the US and in Israel.
“We are delighted to have received additional
orders for our armored military vehicles used to protect and save
the lives of military personnel and others around the globe,”
said Robert S. Ehrlich, Chairman and CEO of Arotech Corporation.
“Our Armor Division produces the reliable and highly protective
vehicles needed as tension throughout the world increases.”
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, Training and Simulation, 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; and other
risk factors detailed in Arotech’s most recent Annual Report
on Form 10-K for the fiscal year ended December 31, 2006, 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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