Epsilor’s $3 million contract is to develop and deliver 400 multi-channel tactical chargers, spares and services, with options for up to an additional 350 chargers over the next four years
ANN ARBOR, Mich., May 03, 2018 (GLOBE NEWSWIRE) -- Epsilor-Electric Fuel Ltd., a part of Arotech Corporation’s Power Systems Division (NasdaqGM:ARTX), has won a tender from the Canadian Department of National Defense (DND) worth approximately US $3 million in its initial phase. The Company will develop and provide an innovative charger designed to meet the operational and technical needs of the Canadian Armed Forces Integrated Soldier System Suite (ISS-S) Program. The contract includes 400 charger units, spares and other services, as well as options to order up to an additional 350 chargers within the next four years. The Canadian Government Procurement Notification can be viewed at www.buyandsell.gc.ca/procurement-data/award-notice/PW-QD-027-26613-001.
The Canadian Armed Forces are among the most active NATO-member militaries, with a full service record in all recent major NATO conflict areas, including the former Yugoslavia, Iraq, and Afghanistan, as well as in worldwide UN peace keeping missions.
The Canadian ISS Program aims to equip thousands of dismounted soldiers with state-of-the-art C4I systems that include battle management system, intelligence, surveillance and reconnaissance, and target acquisition equipment. As ISS energy components support all wearable electronic equipment in long dismounted operations, the Canadian Armed Forces identified battery recharging as a critical capability of the ISS and decided to obtain a dedicated multi-channel charger that will support its soldiers in the field, in vehicles, in forward operating bases and for high volume recharging of thousands of batteries simultaneously.
The new charger offered by Epsilor supports the LI-145/LI-80 family and BB-2525/U conformal wearable batteries used by the Canadian forces, as well as by various NATO armed forces. Epsilor’s solution is based on a 12-channel charger, packed in a rugged tactical case that will enable soldiers to charge large numbers of batteries in depot as well as in the field and in moving vehicles (“charge on the move”). The charger, which is designed to receive power from different sources such as an electric grid and different vehicle sources with flexible input voltage, is intended to improve tactical flexibility and the energy independence of its users.
“We are very proud that Epsilor was chosen to become part of the prestigious Canadian ISS program,” said Alex Stepansky, Epsilor’s General Manager. “Winning the Canadian tender demonstrates our competitiveness and the quality of our design and manufacturing. This high-profile project could pave the way for future programs with the Canadian Defense sector as well as with other NATO customers.”
Epsilor is a globally-recognized developer and manufacturer of custom and standard batteries, chargers and mobile power systems for the defense, medical, aerospace, industrial and marine markets. Epsilor offers a wide variety of primary and rechargeable batteries, chargers and power management solutions, and its products have won several awards for their innovation and smart operational approach. Epsilor’s product range is being used by leading military customers worldwide including NATO forces, Israel Defense Forces and other military customers in Asia and South America. Among its product lines Epsilor offers a complete range of standard batteries and chargers compatible with leading popular NATO equipment such as LI-145 series, BB-2590 series and batteries for Harris and Thales handheld radios (PRC-152/PRC-148).
About Arotech’s Power Systems Division
Arotech’s Power Systems Division provides advanced battery solutions, innovative energy management and power distribution technologies and world-class product design and manufacturing services for the aerospace, defense, law enforcement, and homeland security markets, and manufactures and sells primary and rechargeable batteries for defense and security products and medical and industrial applications. The Power Systems Division consists of UEC Electronics, LLC (www.uec-electronics.com) and Epsilor-Electric Fuel Ltd. (www.epsilor.com and www.electric-fuel.com).
About Arotech Corporation
Arotech 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.
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VP Sales and Marketing
Epsilor-Electric Fuel Ltd.
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, 2017, and other filings with the Securities and Exchange Commission. Arotech assumes no obligation to update the information in this release. Reference above to the Company’s websites does not constitute incorporation of any of the information thereon into this press release.