Arotech's MDT Subsidiary Receives over $3.1 Million in Orders for Armored Vehicles; MDT Armor's backlog over $12 million.Business Editors NEW YORK--(BUSINESS WIRE)--April 13, 2004 Arotech Corporation (NasdaqNM: ARTX) announced today that its MDT MDT abbr. Mountain Daylight Time MDT (in the US and Canada) Mountain Daylight Time MDT n abbr (US) (= mountain daylight time) → vehicle-armoring subsidiary has received new orders of over $3.1 million. Vehicles will be armored in both the new Auburn New Auburn is the name of several towns in the United States:
With these orders, MDT's backlog stands at over $12 million. "The recent events in Iraq and in other places around the world, are creating an increasing demand for our security and defense products, including armored vehicles," 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. . "Both our armoring facilities are in position to grow and accommodate this demand." Arotech's corporate offices have moved to 250 West 57th West 57th can refer to:
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 , NY 10107. The new telephone number is (212) 258-3222, and the fax is (212) 258-3281. About MDT MDT (www.mdt-armor.com) is a leader in state-of the art, lightweight armoring of vehicles. MDT's vehicle armoring business has years of battlefield experience and has provided life-saving protection under the most extreme conditions, which include assault rifles and bomb blasts. MDT armors a variety of armored vehicles: SUV's such as the Toyota Land Cruiser  The perspective and/or examples in this article do not represent a world-wide view. Please [ edit] this page to improve its geographical balance. , the Land Rover Defender The Land Rover Defender is a British four wheel drive Off-road utility vehicle. It is the product of continued development of the original utility Land Rover Series I launched in 1948. and the GM Suburban; vans and buses - from an 8 passenger Ford Econoline to a 16 passenger Mercedes bus; ambulances and other specialty vehicles. About Arotech Corporation Arotech Corporation (www.arotech.com) 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 vehicle armoring. The Battery and Power Systems Division includes Electric Fuel Battery Corporation (www.electric-fuel.com) and Epsilor Electronic Industries (www.epsilor.com). The Simulation, Training and Consulting Division includes IES Interactive Training (www.ies-interactive.com), 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 (www.faac.com) and Arocon Security Consulting (www.arocon-security.com). The Armored Vehicle Division includes MDT Armor Corp. (www.mdt-armor.com) and MDT Protective Industries Ltd. (www.mdtisrael.com). Arotech is incorporated in Delaware, with corporate offices in New York, 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: 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion