Arotech Receives $2 M SWIPES Order From the US Army
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.
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"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."
Source : Arotech Corporation
Apr 8 - 9, 2014 - Washington, United States
May 5 - 8, 2014 - Montreal, Canada