ANN ARBOR, Mich., April 20, 2016 /PRNewswire/ -- Arotech
Corporation [Nasdaq GM: ARTX] announced that its Training and
Simulation Division (ATSD) has received an Indefinite Delivery
Indefinite Quantity (IDIQ) award with a potential value of up to
$40M for its MILO Range Training
Systems' simulator products. The multiple-award contract is for the
provision of law enforcement training simulators and related
equipment and services to the U.S. Department of State in support
of its Bureau of International Narcotics and Law Enforcement
Affairs (INL) training mission. INL works to keep Americans safe at
home by countering international crime, illegal drugs, and
instability abroad. INL provides training and assistance in all
aspects of police, corrections and justice systems tailored to the
specific environment, legal framework, and identified requirements
of each partner nation. MILO Range Training Systems was one
of two awardees following a competitive full and open
solicitation. The Period of performance is five years and
includes MILO Range Theater multi-screen and MILO Range portable
solutions.
"We are thrilled with this award, which solidifies our long
standing position as a supplier to the Department of State for our
award winning MILO Range Training Systems," commented Robert McCue, MILO Range Training Systems
General Manager. "This highly competitive procurement further
validates our position as a global leader in the international law
enforcement judgmental skills simulator market, and provides a
streamlined acquisition process to deliver this important training
capability to the various organizations supported by the U.S.
Department of State."
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, 2015 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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SOURCE Arotech Corporation