Advanced Technology Acquisition Corp. Shareholders Approve Plan Of Liquidation; Company...

Advanced Technology Acquisition Corp. Shareholders Approve Plan Of
Liquidation; Company To Distribute Amounts In Trust

RAMAT GAN, Israel, July 6 /PRNewswire-FirstCall/ -- Advanced Technology
Acquisition Corp. (the "Company") (NYSE AMEX: AXC) today announced that its
stockholders voted at its special meeting held on July 6, 2009 to approve the
plan of liquidation of the Company. The Company has instructed its transfer
agent, Continental Stock Transfer & Trust Company, to close its stock transfer
books as of the close of business on July 6, 2009.

The board of directors of the Company expects that on or about July 8, 2009
the trustee of the Company's trust account will make a final liquidating
distribution of the trust account in the approximate amount of $8.12 per share
of common stock issued in the Company's initial public offering, payable upon
presentation, to the holders of such shares. Stockholders whose stock is held
in "street name" through a broker will automatically receive payment through
the Depository Trust Company. No payments will be made with respect to any of
the Company's outstanding warrants or to the shares owned by the Company's
initial stockholders that were owned prior to the Company's initial public
offering.

The Company has filed a certificate of dissolution with the Secretary of State
of the State of Delaware today. The Company further intends to file a
Certification and Notice of Termination of Registration on Form 15 with the
Securities and Exchange Commission for the purpose of deregistering its
securities under the Securities Exchange Act of 1934, as amended. As a
result, the Company will no longer be a public reporting company.

About Advanced Technology Acquisition Corp.
The Company is a blank check company formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase or other
similar business combination with a technology or technology-related business
that has operations or facilities located in Israel, such as research and
development, manufacturing or executive offices.

Safe Harbor Statement
This press release contains certain statements that may include
"forward-looking statements." All statements other than statements of
historical fact included herein are "forward-looking statements." These
forward-looking statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions, involving
known and unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are reasonable,
they do involve assumptions, risks and uncertainties, and these expectations
may prove to be incorrect. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission and
available on the SEC's website ( http://www.sec.gov ). All forward-looking
statements attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these risk factors. Other than as
required under the securities laws, the Company does not assume a duty to
update these forward-looking statements.

SOURCE Advanced Technology Acquisition Corp.

Ido Bahbut, Chief Financial Officer, Advanced Technology Acquisition Corp.,
+972-3-751-3707