Arotech Receives $2.3 Million SWIPES Order
Soldier Worn Integrated Power Equipment System Reduces Battery Weight Carried by Soldiers by Up to 30%
ANN ARBOR, MI -- (Marketwire) -- 08/08/12 -- Arotech Corporation (NASDAQ: ARTX) announced today that its Battery and Power Systems Division has received a new order for over 1,100 units of its award-winning SWIPES System.
The $2.3 million order will service Program Executive Officer (PEO) Soldier's Project Manager (PM) Soldier Warrior, Product Director, Soldier Power, which encompasses expeditionary power solutions intended for the most austere (Tier 1) operating environments.
The Soldier Wearable Integrated Power Equipment System, or SWIPES, utilizes the MOLLE vest and integrates force protection electronics and communications equipment with an advanced battery. The system utilizes a modular power distribution system that is powered by BA-8180/U, BA-8140/U Zinc-air batteries or the LI-145, BB2590 rechargeable batteries for direct power of equipment, allowing for extended mission times without the burden of power source swaps or charging due to their high energy density, and reducing battery weight soldiers carry by up to 30%. The batteries continuously charge the secondary batteries inside various devices, such as two way radios, GPS units and shot detection systems. The SWIPES product allows for individual tailoring by the warfighter and is designed to accept new applications as they become available.
SWIPES represents the Army's first attempt at managing the increased number of soldier-worn power consumers from a rechargeable central source of power. SWIPES is currently deployed in support of ongoing missions in Afghanistan and is scheduled to be fielded to over 6 Brigades as part of Capability Set 13. During evaluations at the Network Integration Exercise (NIE) 12.2, Ft. Bliss, Texas, soldiers commented that a SWIPES-equipped soldier would require only one SWIPES conformal battery for a 24 hour mission versus 5 to 6 spare radio batteries. "This drastically reduces the soldier's combat load," said Steve Mapes, Director, Soldier Power, PM Soldier Warrior.
"Reducing the load on the warfighter and simplifying the supply logistics promoted SWIPES to be one of the Ten Best Army Inventions of 2011," declared Arotech Chairman and CEO Robert Ehrlich. "The fielding of this key order confirms its effectiveness and can be anticipated to drive wide acceptance by Ground Forces," noted 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 re-search, 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, 2011 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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