Arotech's Battery Division Launches Forward Field Charger That Provides Energy Independence For The Foot Soldier.Business Editors NEW YORK--(BUSINESS WIRE)--June 8, 2004 Will be introduced at 41st Power Sources Conference, June 14-17, 2004 Arotech Corporation (NasdaqNM: ARTX) announced today that its Battery and Power Systems Division will introduce its new Forward Field Charger at the 41st Power Sources Conference in Philadelphia, PA, on June 14. The Forward Field Charger provides total energy independence for the dismounted soldier by allowing him to use multiple sources for charging his batteries. The lightweight and compact Forward Field Charger is the result of a synergistic effort of the two units of the Battery and Power Systems Division - Electric Fuel and Epsilor Electronics, each contributing its state of the art technology into one product. The Forward Field Charger is an enabling technology for the new strategy of the US Army, designed to increase the use of rechargeable batteries. Charging solutions are an integral part of the program, and the new Charger enables charging from a number of sources. The Forward Field Charger uses the Electric Fuel BA 8180 Zinc Air A battery technology that provides more charge per pound or size than nickel cadmium or nickel metal hydride and does not suffer from the memory effect. It uses a carbon membrane that absorbs oxygen, a zinc plate and potassium hydroxide as the electrolyte. battery as a source of energy for field charging of military rechargeable batteries. Other sources include solar panels, 24-volt vehicle batteries and 110/220 AC. All sources can be used with one compact charger. The Company will present two papers at the upcoming 41st Power Sources Conference, both co-authored with Dr. Terrill Atwater, Leader, Material Science Team, US Army Communications-Electronics Command (CECOM CECOM Communications Electronics Command (US Army) CECOM National Center for Communications of the Civil Protection Agency ). The conference is sponsored by CECOM, the U.S. Army Research, Development & Engineering Command, Power Sources Center of Excellence, Sensors and Electronic Devices Directorate, and the Army Research Laboratory. "The Forward Field Charger is the necessary link for full implementation of the rechargeable battery in the military," said Robert S. Ehrlich, Arotech Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "It also opens a host of new military applications for our BA-8180 zinc-air battery Zinc-air batteries, also called “zinc-air fuel cells,“ are non-rechargeable electro-chemical batteries powered by the oxidation of zinc with oxygen from the air. These batteries have very high energy densities and are relatively inexpensive to produce. ." About the Battery and Power Systems Division Arotech's Battery and Power Systems Division specializes in the design and manufacture of primary and rechargeable batteries, related electronic circuits and associated chargers for military applications. The company's products are to government agencies, the military and large original equipment manufacturers. The Electric Fuel and Epsilor Electronics technical teams have state of the art expertise in the fields of electrochemistry electrochemistry, science dealing with the relationship between electricity and chemical changes. Of principal interest are the reactions that take place between electrodes and the electrolytes in electric and electrolytic cells (see electrolysis), as well as the , electronics, software and battery design, production, packaging and testing. With approximately 150 employees, 30 of them engineers, the division operates three facilities in Alabama and in Israel. About Arotech Corporation Arotech Corporation provides quality defense and security products for the military, law enforcement and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States markets, including advanced zinc-air and lithium batteries and chargers, multimedia interactive simulators/trainers and lightweight vehicle armoring. The Battery and Power Systems Division includes Electric Fuel Battery Corporation and Epsilor Electronic Industries. The Simulation, Training and Consulting Division includes IES Interactive Training and FAAC FAAC Freeware Advanced Audio Coder FAAC Ford Amateur Astronomy Club FAAC Family Allergy and Asthma Care FAAC Functional Area Agreement Coordinator (USAF) FAAC Fatal Accident Assessment Committee Incorporated. The Armored Vehicle Division includes MDT MDT abbr. Mountain Daylight Time MDT (in the US and Canada) Mountain Daylight Time MDT n abbr (US) (= mountain daylight time) → Armor Corporation and MDT Protective Industries Ltd. Arotech is incorporated in Delaware, with corporate offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and research, development and production subsidiaries in Alabama, Colorado, 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. 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 significantly. These risks and uncertainties include, but are not limited to, risks relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc : 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2003 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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