Profile: Arotech Corp (ARTX.OQ)
24 Dec 2014
Arotech Corporation, incorporated in 1990, is a defense and security products and services company, engaged in three business areas: interactive simulation for military, law enforcement and commercial markets; batteries and charging systems for the military. It operates primarily through its various subsidiaries, which it had organized into two divisions. It manufactures and sells lithium and Zinc-Air batteries for defense and security products and other military applications through its Battery and Power Systems Division. In April 2014, the Company acquired UEC Electronics, LLC, a company based in Hanahan, South Carolina.
Training and Simulation Division
The Company develops manufactures and markets multimedia and interactive digital solutions for use-of-force training and driving training of military, law enforcement, security and other personnel through its Training and Simulation Division. It provides simulators, systems engineering and software products to the United States military, government and private industry through its subsidiary FAAC Incorporated, located in Ann Arbor, Michigan (FAAC); and through FAAC, it provides specialized use of force training for police, security personnel and the military under the trade name IES Interactive Training (IES).
Battery and Power Systems Division
The Company develops and sells rechargeable and primary lithium batteries and smart chargers to the military and to private defense industry in the Middle East, Europe and Asia under its Epsilor nameplate (Epsilor), through its subsidiary Epsilor-Electric Fuel, Ltd. (Epsilor-EFL), at Epsilor-EFL’s facilities located in Dimona, Israel (in Israel’s Negev desert area). It develops, manufactures and market primary Zinc-Air batteries, rechargeable batteries and battery chargers for the military, focusing on applications that demand high energy and light weight, through its subsidiary Electric Fuel Battery Corporation, located in Auburn, Alabama (EFB); and it produces water-activated lifejacket lights for commercial aviation and marine applications under its Electric Fuel nameplate (EFL), at Epsilor-EFL’s facilities located in Beit Shemesh, Israel (between Jerusalem and Tel-Aviv).
The Company’s Vehicle Simulation group provides fidelity vehicle simulators for use in operator training and is marketed under its FAAC and Realtime Technologies nameplates; Its Use of Force group provides training products focused on the proper employment of hand carried weapons and is marketed under its Interactive Training nameplate (IES). Its Military Operations group provides weapon simulations used to train military pilots in the use of air launched weapons and is also marketed under its FAAC nameplate.
The Company competes with Firearms Training Systems, Inc., Bren-tronics Inc, Advanced Interactive Systems, Inc., LaserShot Inc., ACR Electronics Inc., Daniamant Aps, and SIC
1229 Oak Valley Drive
ANN ARBOR MI 48108