Arotech Announces Improved Armour
of America Personal
Flotation Device for use on Ships Sailing in High Risk Waters
Improved ArmourFloat® vest
released in view of pirate actions and the recent hijacking of the
22, 2009 - Arotech Corporation (NasdaqNM: ARTX) announced
today that its Armour of America group has developed an improved
ArmourFloat® Personal Flotation Device (PFD) for use on ships
sailing in high risk waters. The improved Flotation Device is composed
of the ArmourFloat® armored floatation vest, coupled with a
hard plate designed to defeat most assault rifle threats. The new
lightweight hard armor plates have no negative effect on the vest’s
The improved ArmourFloat® system is lighter, more comfortable
to wear and the new hard armor plates do not compromise the life
saving buoyancy of the life preserver PFD.
Pirate actions in high risk areas, typified
by the recent hijacking of the Maersk Alabama, have prompted AoA
to develop a life protecting solution for American ships and crews,
similar to the solution AoA has already sold to the US Navy, the
Coast Guard and Law Enforcement agencies.
Armour of America recently completed the delivery
of a $1.6 million order of ArmourFloat® systems intended for
a Navy in South America.
Armour of America’s ArmourFloat® product
is US Coast Guard Approved, and an Underwriters Laboratory certified
Personal Flotation Device. The vests offer ballistic protection
with passive flotation, keeping its wearer afloat when falling overboard,
even if unconscious.
“Advances in new materials have allowed
the development of the improved ArmourFloat® Personal Flotation
Device,” said Richard Karst, AoA’s recently appointed
Director of Technical Sales. “Commercial ship liner sailors
are now exposed to hazards similar to Navy sailors, and our ArmourFloat®
vests can help protect their lives.”
About Arotech's Armor Division
Arotech’s Armor Division is an innovative
leader in lightweight armoring for vehicles, aircraft and their
operators. The Armor Division has years of battlefield and commercial
protection experience and has provided life saving protection under
the most extreme conditions.
Arotech’s Armor Division consists of MDT
Armor Corporation (www.mdt-armor.com), M.D.T. Protective Industries,
Ltd. (www.mdtisrael.com), and Armour of America (www.armourofamerica.com).
About Arotech Corporation
Arotech Corporation is a leading provider of quality defense and
security products for the military, law enforcement and homeland
security markets. Arotech provides 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 Batteries 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.
To schedule an interview or a shooting and floatation demonstration
please contact Richard Karst in Alabama or Los Angeles. Direct all
technical inquiries by telephone to Richard at 818 387-6541
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 effect of any share re-purchases by Arotech.
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, 2008 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.