Arotech's Simulation Technology Chosen by New York City Transit for Contract Valued at $1.96 Million.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 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 subsidiary belonging to its Simulation and Training Division, has received an award from New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Transit for the production of a R160 Train Operator Simulator. The competitively awarded contract has a value of $1.96 million. "This is a key win for FAAC" stated Alan Jordan, FAAC President. "New York City Transit is the global standard for transit rail operations. To be selected by New York City Transit to develop a next generation train simulator "Train Simulator" redirects here. For the games by Ongakukan, see Train Simulator series. For the Microsoft product, see Microsoft Train Simulator. A train simulator is a computer program that simulates rail transport operations. is an honor. We believe we can change the way train operators are trained much the way our MB-2000 bus simulator has changed the way transit bus A transit bus (also known as a commuter bus) in the United States is usually operated by an urban-suburban bus line, a governmental public transit agency, or a contractor. A transit bus is normally used on public transit routes. operators are trained." "This exciting award will allow FAAC to further extend its simulation technology within the transit industry", said Bob Ehrlich, Arotech 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. . "Many of FAAC's current bus simulator customers also operate transit rail systems. The train simulator product is a natural extension to the transit industry. By including a provision for interchangeable driving stations between bus and train simulators, the simulator reduces the overall acquisition cost". About FAAC FAAC Incorporated (www.faac.com) has been providing high fidelity training and simulation products to its military and commercial customer base for over 30 years. FAAC supplies driving simulators for training operators of automobiles, trucks, police/fire/EMS vehicles, bus drivers, light rail operators, and airport ground vehicles. Over 85,000 drivers have been trained on FAAC's installed base of 185 driving simulators. FAAC also provides pilot decision-making support software for the F-15, F-18, and JSF (JavaServerFaces) A standard framework of components for building rich user interfaces for Java applications. JavaServer Faces run on the server, but are displayed on the client. JSF - JavaServer Faces aircraft as well as simulation models for the ACMI/TACTS air combat training ranges. 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 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. , as amended, 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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