Arotech Recieves $5 M in Battery Orders
Arotech Corporation (Nasdaq GM: 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 orders for batteries. The orders amounted to a total of $5 million and were from a mix of military and commercial customers, including $2.25 million in orders for the division's water-activated survivor locator lights.
"Our battery division continues to perform well and we are pleased that our many customers continue to order our products over and over again," commented Arotech ' s Chairman and Chief Executive Officer, Robert S. Ehrlich . "This is a testament to the high quality and technological edge inherent in our products, as well as our focus on customer service. Given the increasing market traction for our current range of battery products which was built on the back of significant past R&D investment, we are optimistic for the future. We are currently developing our next generation battery products and I am becoming increasingly excited about the prospects for this division both in the near and long term."
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Source : Arotech Corporation