ANN ARBOR (WWJ) -- The Ann Arbor defense and security products developer Arotech Corp. (Nasdaq: ARTX) Monday announced more than $700,000 in orders to develop special chargers for batteries which power UAVs.
The battery chargers will include unique features that allow for operation in harsh environments and support advanced battery management capabilities including battery testing and refreshing.
"These activities strengthen our market position in powering advanced technologies such as UAVs," said Robert S. Ehrlich, Arotech chairman and CEO. "The chargers will be used for batteries in all types of UAVs including small tactical systems as well as larger strategic platforms. We see a significant and growing market for unmanned military systems including aircrafts, submersibles as well as land vehicles. We are actively engaged in this sector with development ongoing. We expect to see increased traction from this sector over the coming years."
Arotech's Battery and Power Systems Division provides primary and rechargeable batteries and chargers for defense 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 U.S. 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 Battery and Power Systems Division consists of Electric Fuel Battery Corp. (www.efbpower.com) and Epsilor-Electric Fuel Ltd. (www.epsilor.com; www.electric-fuel.com).
Arotech operates two major business divisions: Training and Simulation and Battery and Power Systems.
More at www.arotech.com.
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