Plasan and Q-Flo Announce Joint Venture

SASA, Israel, November 23, 2010 /PRNewswire/ — Plasan, a global leader
in survivability and combat-proven armor solutions and Q-Flo, University of
Cambridge spin-out company, today announced the formation of TorTech Nano
Fibres Ltd, a joint venture between the two companies.

TorTech, based in Israel, will produce carbon nanotube fiber for the
enhancement of body armor and composite armor systems for vehicles. The new
material is stronger than Kevlar and other ballistic fabrics, but still
flexible and lightweight.

Q-Flo’s CEO, Dr. Dai Hayward, commented: “We are delighted to partner
with Plasan to further develop the world leading research by Prof. Alan
Windle and Dr. Martin Pick, initially within the Department of Materials
Science at Cambridge University and for the last 4 years in Q-Flo. Through
Tortech, we intend to produce a carbon nanotube-based yarn, which can be
woven into the strongest-ever manmade material. Plasan’s expertise will then
enable the design and production of a revolutionary new range of body and
vehicle armor.”

CEO of Plasan Group, Dan Ziv, said: “Nano fiber with mechanical
properties as carbon nanotube fiber could lead to a breakthrough in
structural composites and light weight armor applications. This is an
exciting venture since we believe Q-Flo’s carbon nanotubes have the potential
to revolutionize the defense industry through a new range of lightweight,
flexible and incredibly strong armored material.”

Plasan will have exclusive sales and marketing rights to
defense-orientated materials, whilst Q-Flo will retain rights for other
potential applications.

About Plasan

Plasan is an international company engaged in the design, development,
and manufacture of state-of-the-art, lightweight, ballistic armor protection
products and integrated survivability systems. It has rapidly become a key
global manufacturer and integrator of armor systems designed from composite
materials for up-armor applique kits used on various light military vehicles,
APCs, personal protection equipment, rotary and fixed-wing platforms, as well
as for naval vessels. For more information on Plasan, go to
http://www.plasan.com

    For further information please contact:

    Hadas Weizman
    Media Relations Manager
    +972-542-872-110
    hadasw@plasan.com

About Q-flo

Q-Flo Limited was formed in 2004 by Prof. Alan Windle and Dr. Martin Pick as a spin out company from the Department of Materials Science at the
University of Cambridge. The company appointed Dai Hayward as Chief Executive
Officer in 2006. Q-Flo is active in commercializing a carbon nanotube fiber
process which was invented in the laboratories of Prof. Windle and in
identifying appropriate end use opportunities and applications.

    For further information please contact:

    Dai Hayward
    CEO
    +44-1325-365832
    dai.hayward@q-flo.com

SOURCE Plasan