[April 16, 2006] Arotech wins UAV battery development contract Tweet (Israel Business Arena Via Thomson Dialog NewsEdge)Arotech (Nasdaq: ARTX) announced last week that its Electric Fuel subsidiary was awarded a development contract to develop a high energy density rechargeable lithium battery and smart charger from a supplier of Unmanned Air Vehicles (UAVs). The supplier was described as "world-leading," but was not named, nor was the volume of the contract disclosed. The batteries and chargers will be used to power the company's man-packed, hand-launched UAV, used for close range, over-the-hill reconnaissance missions. To date, Arotech has received several development contracts for powering UAVs, which includes both primary and rechargeable batteries and chargers. Earlier this month, Arotech received a deslisting warning from Nasdaq due to the belief that Arotech's annual report for 2005 was deficient. Arotech stated in reponse that it planned to appeal. Published by Globes [online], Israel business news - www.globes.co.il - on April 16, 2006 Copyright of Globes Publisher Itonut (1983) Ltd. 2006 [ Back To TMCnet.com's Homepage ]