Arotech's Battery Division Receives CECOM Military Battery Research Contract; Phase I of Program for New Fourth Generation Electric Fuel Zinc Air Cell Has Commenced.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 -- Arotech Corporation (NasdaqNM:ARTX) announced today that its Battery and Power Systems Division has received a new research and development contract from the US Army Communications and Electronics Command (CECOM CECOM Communications Electronics Command (US Army) CECOM National Center for Communications of the Civil Protection Agency ). The 3-phase program will focus on developing a new, fourth generation Electric Fuel Zinc Air cell for use in military batteries. The new portable Zinc Air battery pack will be 12 or 24 Volt and have a total capacity of approximately 400Wh. Battery Energy Density will be above 300Wh/kg. The second and third phases of the program are optional. The research program is aimed at the Future Force Warrior Future Force Warrior is the name of a U.S. military initiative, part of the Future Combat Systems project. The FFW project seeks to create a lightweight, fully integrated infantryman combat system. project - the US Army's flagship Science and Technology initiative to develop and demonstrate revolutionary capabilities for Future Force soldier systems. The 3rd generation cells now in production for the Electric Fuel BA-8180/U military zinc air battery are mono-cells (single air cathode) with plastic casing encapsulating the anodic an·ode n. 1. A positively charged electrode, as of an electrolytic cell, storage battery, or electron tube. 2. The negatively charged terminal of a primary cell or of a storage battery that is supplying current. zinc reactant reactant /re·ac·tant/ (re-ak´tant) a substance entering into a chemical reaction. re·ac·tant n. . The new 4th generation bi-cell (dual air cathode) will utilize a folded air cathode without plastic casing material, increasing the respective energy density. The power density is expected to double. "Our current Zinc Air battery technology already out-performs competing battery technologies," 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. . "Our goal for the new Electric Fuel cell is for it to become the building block of a new generation of batteries with more energy, to better serve our armed forces." 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 sold 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, operating in 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 markets, including advanced zinc-air and lithium batteries and chargers, multimedia interactive simulators/trainers and lightweight armoring. The Battery and Power Systems Division includes Electric Fuel Battery Corporation and Epsilor Electronic Industries Ltd. The Simulation, Training and Consulting Division includes IES Interactive Training, 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 and Arocon Security Consulting. The Armoring 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 Corp., MDT Protective Industries Ltd. and Armour of America, Incorporated. Arotech is incorporated in Delaware, with corporate offices in New York, and research, development and production subsidiaries in Alabama, Colorado, Michigan, California 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: 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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