Arotech Training and Simulation Division Receives $2.9M In Awards From U.S. Department of State for FAAC Police Driving Simul...
March 20 2019 - 4:30PM
Arotech Corporation’s [NasdaqGM: ARTX] Training and Simulation
Division (ATSD) announced that it has received $2.9M in orders from
its U.S. Department of State Indefinite Delivery, Indefinite
Quantity contract vehicle. Orders year-to-date include twelve FAAC
police driving simulators slated for delivery to Mexico and four
MILO Theater systems for delivery to Pakistan and Honduras.
“We are pleased to continue our support of
Department of State’s international training initiatives,” said
Kurt Flosky, President of ATSD. “ATSD is uniquely qualified to
support Department of State’s global law enforcement training
initiatives, bringing to bear both our world-class FAAC police
driving simulators and MILO Theater judgment-skills systems to
provide our allied countries advanced training
capabilities.”
About Arotech’s Training and Simulation
DivisionArotech’s Training and Simulation Division (ATSD)
provides world-class simulation based solutions. ATSD develops,
manufactures, and markets advanced high-tech multimedia and
interactive digital solutions for engineering, use-of-force, and
operator training simulations for military, law enforcement,
security, municipal and private industry personnel. The division’s
fully interactive operator training systems feature
state-of-the-art vehicle simulator technology enabling training in
situation awareness, risk analysis and decision-making, emergency
reaction and avoidance procedures, conscientious equipment
operation, and crew coordination. The division’s use-of-force
training products and services allow organizations to train their
personnel in safe, productive, and realistic environments. The
division supplies pilot decision-making support software for the
F-15, F-16, F-18, F-22, and F-35 aircraft, simulation models for
the ACMI/TACTS air combat training ranges, and Air-Refueling Boom
Arm simulators. The division also provides consulting and
developmental support for engineering and research simulation
solutions.
Arotech’s Training and Simulation Division
consists of FAAC Incorporated (www.faac.com), MILO Range Training
Systems (www.milorange.com), and Realtime Technologies
(www.simcreator.com).
About Arotech
CorporationArotech Corporation is a defense and security
company engaged in two business areas: interactive simulation and
mobile power systems.
Arotech is incorporated in Delaware, with
corporate offices in Ann Arbor, Michigan, and research, development
and production subsidiaries in Michigan, South Carolina, and
Israel. For more information on Arotech, please visit Arotech’s
website at www.arotech.com.
Investor Relations
Contact:Scott
SchmidtScott.Schmidt@arotechusa.com800-281-0356
Except for the historical information herein,
the matters discussed in this news release include forward-looking
statements, as defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements reflect management’s
current knowledge, assumptions, judgment and expectations regarding
future performance or events. Although management believes that the
expectations reflected in such statements are reasonable, readers
are cautioned not to place undue reliance on these forward-looking
statements, as they are subject to various risks and uncertainties
that may cause actual results to vary materially. These risks and
uncertainties include, but are not limited to, risks relating to:
product and technology development; the uncertainty of the market
for Arotech’s products; changing economic conditions; delay,
cancellation or non-renewal, in whole or in part, of contracts or
of purchase orders (including as a result of budgetary cuts
resulting from automatic sequestration under the Budget Control Act
of 2011); and other risk factors detailed in Arotech’s most recent
Annual Report on Form 10-K for the fiscal year ended December 31,
2018 and other filings with the Securities and Exchange Commission.
Arotech assumes no obligation to update the information in this
release. Reference to the Company’s website above does not
constitute incorporation of any of the information thereon into
this press release.
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