Arotech Awarded over $900k in Battery Orders; Follow-on Battery and Charger Orders from Asian Military; Backlog of Orders at Hi
12 7월 2006 - 9:00PM
Business Wire
Arotech Corporation (NasdaqGM: ARTXD) announced today that its
Battery and Power Systems Division has received new orders totaling
over $900k for rechargeable batteries and chargers. The
rechargeable batteries and chargers will be used to power night
vision equipment for an Asian army. "The new orders demonstrate our
customers' satisfaction with the quality and reliability of our
rechargeable products," said Robert S. Ehrlich, Chairman and CEO of
Arotech Corporation. "Our range of products provides us the
opportunity to penetrate additional markets with our field-proven
technology." Ehrlich also noted that: "Arotech's backlog is at an
historical high of $41.0 million, compared with $19.0 million at
June 30, 2005, an increase of 115%. A substantial portion of this
backlog is expected to be shipped during the current fiscal year."
Arotech's Battery and Power Systems Division is a leading provider
of primary and rechargeable batteries and chargers for defense and
other military applications. Arotech develops and produces high
power zinc-air batteries and is believed to be the sole supplier of
this technology to the US military. In addition, Arotech develops
high-end primary and secondary batteries and associated chargers
and has vast experience in working with government agencies, the
military and large corporations. The Battery and Power Systems
Division consists of Electric Fuel Battery Corporation, Electric
Fuel Ltd., and Epsilor Electronic Industries Ltd. About Arotech
Corporation Arotech Corporation is a leading provider of quality
defense and security products for the military, law enforcement and
homeland security markets, including multimedia interactive
simulators/trainers, lightweight armoring and advanced zinc-air and
lithium batteries and chargers. Arotech operates through three
major business divisions: Armoring, Simulation and Training, and
Batteries and Power Systems. Arotech is incorporated in Delaware,
with corporate offices in Ann Arbor, Michigan and research,
development and production subsidiaries in Alabama, 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 of 1995,
including the results of our restructuring program. Forward-looking
statements reflect management's current knowledge, assumptions,
judgment and expectations regarding future performance or events.
Although management believes that the expectations reflected in
such statements are reasonable, 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 materially. 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; dilution
resulting from issuances of Arotech's common stock upon conversion
or payment of its outstanding convertible debt, which would be
increasingly dilutive if and to the extent that the market price of
Arotech's stock decreases; and other risk factors detailed in
Arotech's most recent Annual Report on Form 10-K for the fiscal
year ended December 31, 2005, as amended, 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.
Arotech Corporation (NASDAQ:ARTXD)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Arotech Corporation (NASDAQ:ARTXD)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
Arotech Corporation (나스닥)의 실시간 뉴스: 최근 기사 0
More Arotech Corporation News Articles