Arotech Corporation (NasdaqGM: ARTX), a provider of quality defense and security products for the military, law enforcement and homeland security markets, announced today that it received a number of purchase orders from an OEM customer, a major global electronic defense and aerospace company. The order was for rechargeable batteries amounting to approximately $1.5 million and to be delivered in the third quarter of 2013.
The customer will be providing the batteries to its various end-customers for use primarily in military applications.
"Receiving such an order from one of the world's major electronic defense companies is an important sign of their trust in our solution and technology," commented Arotech's Chairman and Chief Executive Officer, Robert S. Ehrlich. "The fact that we received an order from such a world-leading customer will be an important asset for our sales and marketing efforts. Given the increasing market traction that all our battery products are seeing, combined with our ongoing R&D efforts in this area, I feel very optimistic about the prospects for our battery products both in the near-term, and especially in the long-term."
Source: Arotech Corporation
Date: Mar 15, 2013