ANN ARBOR, Mich., Jan. 13, 2016 /PRNewswire/ -- Arotech Corporation
[Nasdaq GM: ARTX] announced that its Training and Simulation
Division (ATSD) has received $7.4
million in new awards and contract modifications. These
funded orders are highlighted by a $1.7
million modification to increase the capabilities of the US
Army's Virtual Clearance Training Suites (VCTS) and over
$1 million in orders for its transit
and public safety driving simulators.
"We continue to evolve and expand the capabilities our current
products while innovating new solutions," commented Kurt Flosky, Arotech Training and Simulation
Division President. "These awards demonstrate our ability to
support the expanding training and simulation needs of our current
users while we successfully add new clients."
"Arotech continues to benefit from the performance of its
Training and Simulation division, which provides a solid foundation
to support our corporate growth strategy," commented Steven Esses, Arotech President and CEO.
About Arotech's Training and Simulation Division
Arotech's Training and Simulation Division (ATSD) provides
world-class simulation based solutions. ATSD develops,
manufactures, and markets advanced high-tech multimedia and
interactive digital solutions for engineering, use-of-force, and
operator training simulations for military, law enforcement,
security, municipal and private industry personnel. The division's
fully interactive operator training systems feature
state-of-the-art vehicle simulator technology enabling training in
situation awareness, risk analysis and decision-making, emergency
reaction and avoidance procedures, conscientious equipment
operation, and crew coordination. The division's use-of-force
training products and services allow organizations to train their
personnel in safe, productive, and realistic environments. The
division supplies pilot decision-making support software for the
F-15, F-16, F-18, F-22, and F-35 aircraft, simulation models for
the ACMI/TACTS air combat training ranges, and Air-Refueling Boom
Arm simulators. The division also provides consulting and
developmental support for engineering and research simulation
solutions.
Arotech's Training and Simulation Division consists of FAAC
Incorporated (www.faac.com), MILO Range Training Systems
(www.milorange.com), and Realtime Technologies
(www.simcreator.com).
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 and advanced zinc-air and lithium batteries and
chargers. Arotech operates two major business divisions: Training
and Simulation, and Power Systems.
Arotech is incorporated in Delaware, with corporate offices in
Ann Arbor, Michigan, and research,
development and production subsidiaries in Michigan, South
Carolina, and Israel. For
more information on Arotech, please visit Arotech's website at
www.arotech.com.
Investor Relations Contacts:
Brett Maas / Rob Fink
Hayden IR
(646) 536.7331 / (646) 415.8972
ARTX@haydenir.com
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 (including as a result of budgetary cuts resulting from
automatic sequestration under the Budget Control Act of 2011); and
other risk factors detailed in Arotech's most recent Annual Report
on Form 10-K for the fiscal year ended December 31, 2014 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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visit:http://www.prnewswire.com/news-releases/arotech-training-and-simulation-division-announces-74-million-in-new-orders-300203706.html
SOURCE Arotech Corporation