Arotech Zinc-Air Battery Named One of the US Army's 'Great Inventions of the Year'; The BA-8180 is One of 10 Inventions to Be Recognized June 23.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 the BA-8180 Zinc Air A battery technology that provides more charge per pound or size than nickel cadmium or nickel metal hydride and does not suffer from the memory effect. It uses a carbon membrane that absorbs oxygen, a zinc plate and potassium hydroxide as the electrolyte. battery -- developed by Arotech's Battery and Power Systems Division - has been designated as one of the "Greatest Army Inventions" of the past year. The ten winning teams will be recognized June 23 by the U.S. Army Research, Development and Engineering Command. A release issued by the Army News Service quoted Lt. Gen. Richard A. Cody General Richard A. Cody became the 31st Vice Chief of Staff, United States Army, on June 24, 2004. General Cody was born in Montpelier, Vermont, on 2 August 1950. He was commissioned a second lieutenant upon graduation in 1972 from the United States Military Academy. , the Army's deputy chief of staff, G-3 and the final selection authority for the program: "The inventions submitted demonstrate the vast experience within the Army laboratory community as a sincere commitment of these laboratories to improving the readiness of our Army." The Army release also stated that the Electric Fuel zinc-air battery "has an extended lifecycle that enables less batteries to be carried by Soldiers than other rechargeable or lithium batteries". Nominations for the award program were submitted from across the Army laboratory community and were evaluated by soldier teams from the U.S. Army Training and Doctrine Command and active U.S. Army Divisions, according to Gen. Paul J. Kern General Paul John Kern was the commanding general of the United States Army Materiel Command from 2001-2004. Kern, a native of West Orange, New Jersey, was commissioned in 1967 as an Armor officer following graduation from the United States Military Academy. , commander of the U.S. Army Materiel Command Army Materiel Command can refer to:
"This award shows how important our batteries are for military operations," 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. . "Coupled with our new Forward Field Charger, the BA-8180 will be able to play an ever growing role in powering the Army's electronic equipment. 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 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. With approximately 150 employees, 30 of them engineers, the division operates 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 vehicle armoring. The Battery and Power Systems Division includes Electric Fuel Battery Corporation and Epsilor Electronic Industries. 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 Armored Vehicle 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 and MDT Protective Industries Ltd. 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. |
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