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Arotech Reports New and Follow-On
Orders of $6.0 Million in Batteries and Chargers Since End of Third
Quarter 2011
February
2, 2012 - Arotech Corporation (NasdaqGM: ARTX), a provider of
quality defense and security products for the military, law enforcement
and security markets, announced today that since the end of the
third quarter of 2011 its Battery and Power Systems Division had
received new and follow-on orders of approximately $6.0 million
for battery and charger products for military foreign and domestic
consumption. The applications include communications equipment,
night vision surveillance and the military's newly-created future
soldier program, which incorporates the Company's fast-growing SWIPES
(Soldier Worn Integrated Power Equipment System) product. These
orders are expected to ship before the end of the first quarter
2012.
"We are very pleased with
the continued and consistent world-wide demand for our Battery and
Power Systems Division's products," said Robert S. Ehrlich,
Arotech's Chairman and Chief Executive Officer. "We are particularly
pleased that sales of our SWIPES product, named one of the U.S.
Army's ten greatest inventions of 2011, have been gaining momentum,
and we look forward to seeing more success from this division during
the remainder of the year," added Ehrlich.
About Arotech's Battery and Power
Systems Division
Arotech's Battery and Power Systems
Division is a leading provider of primary and rechargeable batteries
and chargers for defense and other military applications. Arotech
develops and produces high power zinc-air batteries and is believed
to be the sole supplier of this technology to the U.S. military.
In addition, Arotech develops high-end primary and secondary batteries
and associated chargers and has vast experience in working with
government agencies, the military and large corporations.
The Battery and Power Systems Division
consists of Electric Fuel Battery Corporation and Epsilor-Electric
Fuel Ltd.
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 and advanced zinc-air
and lithium batteries and chargers. Arotech operates through two
major business divisions: 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.
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, 2010 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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