Arotech Receives $2.4 Million Swipes[TM] Order From the US Army
Soldier Worn Integrated Power Equipment System reduces battery weight carried by soldiers by up to 30%
ANN ARBOR, Michigan, February 25, 2013 /PRNewswire/ –
Arotech Corporation (NasdaqGM: ARTX), a provider of quality defense and security
products for the military, law enforcement and homeland security markets, announced today
that its Battery and Power Systems Division received an order from the United States Army
for over 1,500 units of its award-winning SWIPES[TM] System.
The Soldier Wearable Integrated Power Equipment System, or SWIPES[TM], utilizes the
MOLLE vest and integrates force protection electronics and communication 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 LI-145, BB2590 rechargeable
batteries for providing direct power to equipment. This enables extended mission times
without the burden of power source swaps or charging due to their high energy density, and
reduces battery weight that soldiers are carrying 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[TM] product allows for individual tailoring for a
soldier and is designed to accept new applications as they become available.
“Reducing the load on a soldier and simplifying the supply logistics promoted
SWIPES[TM] to be awarded the accolade of a Top-Ten Best Army Inventions in 2011,” declared
Arotech’s Chairman and Chief Executive Officer, Robert S. Ehrlich. “This follow-on order
from the US army is testament to the effectiveness of our product and reflects its
increasing acceptance among US Ground Forces.”
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 and advanced zinc-air and lithium batteries and chargers.
Arotech operates through two major business divisions: 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. 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 (including as a result of budgetary
cuts resulting from automatic sequestration under the Budget Control Act of 2011); 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.
Investor Relations Contacts: Ehud Helft & Kenny Green CCG Investor Relations Tel: +1-646-201-9246 email@example.com
SOURCE Arotech Corporation