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Arotech Announces Appointment of Arik Arad as CEO of Newly Formed Subsidiary, Arcon Security Corporation.

Business Editors

NEW YORK--(BUSINESS WIRE)--Sept. 15, 2003

Arad, a Renowned Security and Antiterrorism Specialist, will also Serve as Chairman of IES Interactive Training, Inc.

Arotech Corporation (NasdaqNM:ARTX) announced today that Arik Arad, a world-renowned security and antiterrorism specialist, has been named Chairman and CEO of the Company's new subsidiary, Arcon Security Corporation. Arcon Security is a global security company that develops and markets a wide range of security solutions to help mitigate the risks of terrorism in the United States. Arad was also named Chairman of IES Interactive Training, Inc., Arotech's use-of-force training subsidiary.

Arcon Security will focus on protecting life, assets and operations with minimum hindrance to personal freedom and daily activities. Arcon Security has also signed an agreement with Rafael Armament Development Authority Ltd., Israel's leading defense research and development company, to market and implement Rafael's Homeland Security security products and technology in the United States.

Arad, an expert on security and antiterrorism, has more than 25 years experience in working with government, military, law enforcement and Fortune 500 companies worldwide. His expertise includes assessing security requirements, security planning and implementation, security training programs and proactive security follow-up.

Arad has overseen security efforts for numerous companies and organizations whose worldwide operations pose the potential for terrorist activity. He has earned global praise for his ability to secure major airports, seaports, shopping centers and other high-profile facilities.

In fact, even the U.S. Government has drawn on Arad's unique expertise. In 1989, Arad was asked to testify before Congress about aviation security; his testimony prompted government officials to change FAA regulations to meet his suggestions.

Arad is a graduate of the International Seminar Management Program (ISMP) of the Harvard Business School. He holds a bachelor of science in psychology and political sciences from the Haifa University in Israel. Arad also served as a Lieutenant Colonel in the Israel Defense Force.

"Arik Arad brings a wealth of knowledge and experience to our Company," said Robert S. Ehrlich, Arotech Chairman and CEO. "We are confident that he will build Arcon Security to a powerhouse in US security consulting and product sales."

About Arcon Security Corporation

Arcon Security Corporation is a global security company focused on a single mission: To protect life, assets and operations with minimum hindrance to personal freedom and daily activities. Arcon Security provides the most effective, tested and trusted security expertise in the world, enabling organizations--and people--to achieve security in an increasingly turbulent world.

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 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 under the name "Electric Fuel Corporation" and has corporate and sales offices in New York 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 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; and other risk factors detailed in Arotech's most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2002, as amended, 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.
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Publication:Business Wire
Geographic Code:1USA
Date:Sep 15, 2003
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