This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Arotech Receives $2 Million SWIPES[TM] Order From The US Army

ANN ARBOR, Michigan, September 3, 2013 /PRNewswire/ --

Arotech Corporation (NasdaqGM: ARTX), a provider of quality defense and security products for the military, law enforcement and homeland security markets, announced today that its Battery and Power Systems Division received a $2 million follow on order from the United States Army for its award-winning SWIPES [ TM ] System.

The Soldier Wearable Integrated Power Equipment System, or SWIPES [ TM ] enables extended mission times without the burden of power source swaps or charging due to their high energy density. It also reduces battery weight that soldiers are carrying 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 [ TM ] product allows for individual tailoring for a soldier and is designed to accept new applications as they become available.

"We're very pleased to win this additional order from the US army, reflecting the products increasing acceptance among US Ground Forces," commented Arotech's Chairman and Chief Executive Officer, Robert S. Ehrlich. "The US army is the world's leading military force, especially when it comes to the use of technology on the battlefield. The fact that they repeatedly choose our SWIPES system as well as awarding it a 'Top-Ten Best Army Inventions' upon its launch, is testament to the effectiveness and the value our product adds. Since developing the SWIPES product, we have realized over $6 million in sales from the US army. We see significant future growth potential for this product- not only for the various divisions of the US military, but also for ground forces of other armies."

About Arotech Corporation

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs