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Arotech's Armour of America
Receives Over $1 Million Order from U.S. Department of Defense (DoD)
for Armor Products
May
14, 2008 - Arotech Corporation (NasdaqGM: ARTX) announced today
that its Armor Division’s Armour of America unit has received
over $1 million in orders from DoD for armor solutions.
The order consists of various types
of personnel armor solutions from AoA’s state-of-the-art line
of ballistics products and fragmentation kits, including ArmorFloat
TM (a ballistic floatation device) and Leguard TM (a ballistic knee
and leg protection device).
“We are pleased with Armour
of America’s continued turnaround and their acceptance by
defense contractors as a critical source of protection for military
personnel and military equipment world wide,” stated Robert
S. Ehrlich, Chairman and CEO of Arotech Corporation. “We continue
to gain recognition throughout the industry as a “one stop
shop” for personnel armor solutions,” concluded Ehrlich.
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 & Simulation, and
Battery & 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. For more information
on Arotech, please visit Arotech’s website at www.arotech.com.
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. 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, 2007, 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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