Replies to post #6327 on Wall $t Banker$$ (BANKZ)

[micasey123]

ARTX.-I added a total of 50K today for a total of 75 K .

Arotech Receives Battery Development Contract from Leading UAV Supplier
Business Wire - April 11, 2006 10:04

ANN ARBOR, Mich., Apr 11, 2006 (BUSINESS WIRE) -- Arotech Corporation (NasdaqNM: ARTX) announced today that its Electric Fuel subsidiary has been awarded a development contract to develop a high energy density rechargeable Lithium Battery and Smart Charger from a world leading supplier of Unmanned Air Vehicles (UAVs). The batteries and chargers will be used to power the company's man-packed, hand-launched UAV, used for close range, over-the-hill reconnaissance missions.

"The new contract further validates our leadership in cutting edge power source solutions and demonstrates the flexibility of our power sources product portfolio to meet the demands of a multitude of important advanced applications," said Robert S. Ehrlich, Chairman and CEO, Arotech Corporation.

To date, Arotech has received several development contracts for powering UAVs, which includes both primary and rechargeable batteries and chargers.

Arotech's Battery and Power Systems Division is a leading provider of zinc-air and lithium batteries and chargers for defense and security products 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 US 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 division also pioneers advancements in zinc-air technology for electric vehicles.

The Battery and Power Systems Division consists of Electric Fuel Battery Corporation, Electric Fuel Ltd., and Epsilor Electronic Industries Ltd.