Arotech Zinc Air Batteries Shipped to War in Iraq; US Army Delivers First Electric Fuel BA-8180/U Zinc-Air Batteries to its forces in the Gulf.Business Editors Topical News: War On Terrorism Terrorist acts and the threat of Terrorism have occupied the various law enforcement agencies in the U.S. government for many years. The Anti-Terrorism and Effective Death Penalty Act of 1996, as amended by the usa patriot act NEW YORK--(BUSINESS WIRE)--April 9, 2003 Arotech Corporation (NasdaqNM: ARTX) announced today that the US Army has shipped batteries produced and just delivered by its Electric Fuel Battery Subsidiary to forces in the Persian Gulf Persian Gulf, arm of the Arabian Sea, 90,000 sq mi (233,100 sq km), between the Arabian peninsula and Iran, extending c.600 mi (970 km) from the Shatt al Arab delta to the Strait of Hormuz, which links it with the Gulf of Oman. . These batteries are part of the first shipment of BA-8180/U batteries delivered to the US Army's Communications and Electronics Command (CECOM CECOM Communications Electronics Command (US Army) CECOM National Center for Communications of the Civil Protection Agency ) under a $2.5 million order. Delivery of the first 1,500 Zinc-Air batteries was made possible by the Company's successful completion of the rigorous Initial Production Testing required by CECOM. The BA-8180/U is a 12/24 Volt, 800 Watt-hour non-rechargeable battery pack, approximately the size and weight of a notebook computer. The battery is based on the new generation of lightweight, 30 ampere-hours cells developed by Electric Fuel over the last 5 years with partial funding by CECOM. In extensive field-testing, the BA-8180/U battery typically provided 4 to 6 times the run time of a BA-5590, a primary lithium battery pack widely used in the military. Zinc-air batteries are also safer and more environmentally friendly than lithium batteries. Besides the BA-8180/U battery, Electric Fuel also supplies to CECOM three types of electrical interface adapters, including equipment-specific adapters for the AN/PRC-119 SINCGARS SINCGARS Single Channel Ground to Air Radio System (US DoD) SINCGARS Single Channel Ground and Airborne Radio System and SINCGARS ASIP ASIP American Society for Investigative Pathology ASIP Application Specific Instruction Set Processor ASIP Aircraft Structural Integrity Program ASIP Arrow System Improvement Program (US DoD) ASIP Airborne Signals Intelligence Payload tactical radio sets, and a generic interface for items of equipment that were designed to interface with a BA-5590 or equivalent battery. "We are proud, at this special time, to support the US Army with safe power that extends missions," said 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. Robert S. Ehrlich. "In passing the US Army's acceptance tests, we have established our battery production capabilities and quality, and shipping them to war confirms Electric Fuel's move to a defense-oriented battery manufacturer." 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, and 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. Arotech is incorporated in Delaware under the name "Electric Fuel Corporation" 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 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 and other filings (under the name Electric Fuel Corporation) 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