Arotech Corporation : Arotech receives first order for award-winning SWIPES
02/01/2012 | 09:54am
Arotech Receives First Order for Award-Winning SWIPES
Soldier Worn Integrated Power Equipment System
reduces battery weight carried by soldiers by up to
30%
- Arotech Corporation (NasdaqGM: ARTX) announced today that
its Battery and Power Systems Division has received its first
order for SWIPES, its award-winning Soldier Worn Integrated
Power Equipment System.
The order for over 350 systems will service the U.S. Army REF
(Rapid Equipping Force) and PEO Soldier, PM Soldier Warrior.
The REF provides specialized and specific capabilities as
quick as possible to Army units positioned globally in order
to affect the outcome of wars and battles. PEO Soldier, PM
Soldier Warrior, Product Director Soldier Power encompasses
expeditionary power solutions intended for the most austere
operating environments.
SWIPES utilizes the MOLLE vest and integrates force
protection electronics and communications equipment with an
advanced battery power source. The system utilizes a modular
power distribution system that is powered by BA-8180/U,
BA-8140/U Zinc-air batteries, Li-Ion Conformal Battery or the
LI-145, BB2590 rechargeable batteries for direct power of
equipment, allowing for extended mission times without the
burden of power source swaps or power source charging due to
their high energy density, and reducing battery weight
soldiers carry by up to 30%. The batteries continuously
charge the secondary batteries inside various devices, such
as two way radios, GPS units and shot detection systems. The
SWIPES product allows for individual tailoring by the
warfighter and is designed to accept new applications as they
become available.
"We are excited by the increased interest in the SWIPES
as a consequence of being one of the Ten Best Army Inventions
of 2011," stated Arotech Chairman and CEO Robert S.
Ehrlich. "We believe that the fielding of this initial
order will demonstrate its effectiveness and pave the way
toward wide acceptance by the Warfighter," noted
Ehrlich.
About Arotech's Battery and Power Systems Division
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 U.S. 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 and Epsilor-Electric Fuel 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. Arotech provides multimedia
interactive simulators/trainers and advanced zinc-air and
lithium batteries and chargers. Arotech operates through two
major business divisions: Training and Simulation, 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. 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; and other risk
factors detailed in Arotech's most recent Annual Report
on Form 10-K for the fiscal year ended December 31, 2010 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.
