Arotech's Electric Fuel Subsidiary to Offer Backup Power for Emergency Use; Northeast Power Failure and Hurricane Isabel Show Great Demand for Emergency Backup Power.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 22, 2003 Arotech Corporation (NasdaqNM: ARTX) announced today that its 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. producer, Electric Fuel Battery Corporation, will soon be offering a battery-based power system for emergency backup power An additional power source that can be used in the event of power failure. See UPS and backup.  A Half Minute of Backup This roomful of lead acid batteries stands ready to drain itself entirely in less than a minute. . These backup power systems will initially be targeted at emergency services emergency services Emergency care '…services …necessary to prevent death or serious impairment of health and, because of the danger to life or health, require the use of the most accessible hospital available and equipped to furnish those services' and law enforcement units. Based on the Company's military BA-8180 zinc-air batteries, the new backup power system will be capable of delivering over 3 kWh of energy for operating electric equipment used by emergency services when regular power is interrupted. Using a standard DC/AC converter, the Electric Fuel backup power system will be able to power TVs, communication equipment, computers, medical instruments as well as provide power to recharge two-way radios and portable devices. The need for such backup power was made clear during the August Northeast power outage and hurricane Isabel, when power was down for many days. Most UPS systems will not provide power for extended periods, and generators cannot be used in closed offices. Emitting no carbon monoxide carbon monoxide, chemical compound, CO, a colorless, odorless, tasteless, extremely poisonous gas that is less dense than air under ordinary conditions. It is very slightly soluble in water and burns in air with a characteristic blue flame, producing carbon dioxide; or any other toxic gases, the Electric Fuel zinc-air backup power can safely be used in offices and enclosed, unventilated, areas. The Electric Fuel backup power system will initially be offered to emergency services and law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). and not to the general public. Arotech plans to use the extensive marketing network of Arotech's IES Interactive Training subsidiary, which sells simulators to law enforcement agencies. "The recent power failure in the Northeast and power outage caused by hurricanes have clearly shown the need for backup power for the emergency and law enforcement markets," 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. . "We will use our extensive zinc air technology to address the special needs of this market." About Arotech Corporation Arotech's corporate mission is to provide quality defense and security products for the military, law enforcement and homeland security markets, including advanced zinc-air batteries, multimedia interactive simulators/trainers and lightweight armoring. Arotech Corporation (www.arotech.com) operates two business divisions: Electric Fuel Batteries -- developing and manufacturing zinc-air batteries for military and homeland security applications and developing electric vehicle batteries for zero emission public transportation; and Arotech Defense -- consisting of IES Interactive, which provides advanced high-tech multimedia training systems for law enforcement and paramilitary organizations, MDT MDT abbr. Mountain Daylight Time MDT (in the US and Canada) Mountain Daylight Time MDT n abbr (US) (= mountain daylight time) → Armor, which provides vehicle armoring for the military, industrial and private sectors, and Arcon Security, which provides homeland security consulting and other services. Arotech is incorporated in Delaware and has corporate and sales 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 Denver with research, development and production subsidiaries in Alabama, Colorado 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; significant future capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. ; 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, 2002, as amended, 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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