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Arotech gets $17 Million in new Orders for Batteries and Power Systems

Arotech

The Power Systems Division of American and Israeli firm Arotech Corporation, a provider of defense and security products for the military, law enforcement and homeland security markets, recently received $17 million in new orders for batteries and power systems.

Approximately $10 million of the orders was from a foreign Defense Ministry for military batteries and chargers for tactical communication systems. The remaining $7 million was for batteries and chargers for a variety of customers. $1 million worth of the orders has already been delivered.

“This is a very large mix of orders that includes an important order to a prestigious customer, ” commented Arotech’s President and Chief Executive Officer, Steven Esses. “We are pleased with our growing sales to existing as well as new customers, all of whom appreciate the military-grade technology, build quality, and stability of our batteries and power systems. These orders start the year with positive momentum, which I expect will contribute to our anticipated growth in revenue and profit during 2015.”

Arotech’s Power Systems Division is a provider of primary and rechargeable batteries and chargers for defense and other military applications and of electronic components and subsystems primarily for military, aerospace and industrial customers. The company 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, as well as (i) hybrid power generation systems, (ii) smart power subsystems for military vehicles and dismounted applications, and (iii) aircraft and missile systems support for cutting-edge weapons and communications technologies, and has vast experience in working with government agencies, the military and large corporations.

Arotech operates two major business divisions: Training and Simulation, and Power Systems. The company is incorporated in Delaware, with corporate offices in Ann Arbor, Michigan, and research, development and production subsidiaries in Alabama, Michigan, South Carolina and Israel.

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