Profile: Arotech Corp (ARTX.OQ)

ARTX.OQ on NASDAQ Stock Exchange Global Market

22 Aug 2019
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Arotech Corporation, incorporated on December 20, 1990, is a defense and security products and services company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The Company operates through two segments: Training and Simulation Division, and Power Systems Division. The Company's Training and Simulation Division develops, manufactures and markets multimedia and interactive digital solutions for engineering, use-of-force training and operator training of military, law enforcement, security, emergency services and other personnel. The Company's Power Systems Division provides battery solutions, energy management and power distribution technologies and product design and manufacturing services for the aerospace, defense, law enforcement, homeland security markets, and it manufactures and sells rechargeable batteries for defense and security products and medical and industrial applications.

Training and Simulation Division

The Company's Training and Simulation Division develops, manufactures and markets an array of trainers and simulators that provide interactive and situational training for military, law enforcement and commercial customers. Its simulators train people, from municipal rail and bus drivers to military convoy crews, to respond immediately and appropriately in threatening and dangerous situations while under extreme pressure. The Training and Simulation Division concentrates on approximately three different product areas: Vehicle Simulation group provides vehicle simulators for use in operator training; Air Warfare Simulations group provides weapon simulations used to train military pilots in the use of air launched weapons, and Use of Force group provides training products focused on developing judgment skills necessary for the employment of various lethal and non-lethal options for public safety and military personnel.

The Company's Vehicle Simulation group provides simulators, systems engineering support and software products focused on training vehicle operators for cars and trucks. It provides these products to the United States military, government, municipalities and private industry. The Company also offers simulation software applications, consulting services, and custom software and hardware development services for the automobile industry and universities engaged in the study of vehicle performance or operator/vehicle interactions. The Vehicle Simulation group focuses on the development and delivery of driving simulations for a range of vehicle types, such as trucks, automobiles, subway trains, buses, fire trucks, police cars, ambulances, airport ground vehicles and military vehicles. Additionally, the Company is a contractor in respect of the United States Army's Virtual Clearance Training Suite (VCTS) program.

In the area of Air Warfare Simulations, the Company develops analytical models and simulations of tactical air and land warfare systems for all branches of the Department of Defense and its related industrial contractors. Its simulations are found in systems ranging from instrumented air combat and maneuver training ranges, such as Top Gun; full task training devices, such as the F-18 Weapon Tactics Trainer, and in the on-board computer of many fighter jet aircraft. The Company supplies on-board software to support weapon launch decisions for the F-15, F-16, F-18, F-22 and F-35 aircraft. The Company's Air Warfare Simulations programs are the Zone Acquisition Program (ZAP) and Air National Guard Boom Operator Simulator System (BOSS). ZAP provides aircrew with weapon employment information using high-speed weapon simulations embedded in the operational flight programs of all the Unites States fighter aircraft. BOSS trains the boom operators for the performance of in-flight refueling. Boom operators control the equipment on a specially designed, refueling aircraft that passes fuel to other aircrafts in midair.

The Company's Use of Force group provides interactive, multimedia, fully digital use-of-force training simulators for law enforcement, security, military and similar applications. The Company conducts its interactive training activities and market its interactive training products, such as the MILO Range (interactive Use-of-Force and firearms training), the MILO Theater (an immersive training environment enabling trainees to experience over 300 degrees of field of regard) and the MILO Response (judgment skills training for EMS personnel) using its MILO Range nameplate.

The Company competes with L-3 Communications, Leidos, Raydon, Doron, Simulation Technology, Boeing Company, Raytheon Company, Cubic Corporation, Firearms Training Systems, Inc., Meggitt, Vitra and LaserShot Inc.

Power Systems Division

The Company's Power Systems Division develops and provides portable energy solutions for diverse applications, including military equipment carried by soldiers, hybrid energy generation/storage in austere environments, power management and power distribution, and clean, stable power for tactical vehicles, unmanned vehicles and medical devices. The Company designs, engineers and manufactures electronics, spanning components and sub-assemblies for a range of end use systems in multiple markets to include aerospace, defense, industrial and medical. The Company's products range from complex integrated assemblies up through multi-rack functional systems and test equipment. The Company offers solutions, including hybrid power generation systems, smart power subsystems for military vehicles and dismounted applications, and aircraft and missile systems support for weapons and communications technologies. The Company supplies the United States Marine Corps (USMC) with its program of Ground Renewable Expeditionary Energy Network Systems (GREENS), a renewable power generation, energy storage and distribution system for troops serving in austere environments. The Company supplies the USMC with Mobile Electric Hybrid Power Sources (MEHPS), a product that incorporates both solar collection and high density battery technologies. It also offers Distributed Power Control and Management System (DPCMS) for over two Light Armored Vehicles by the USMC. In addition, the Company offers solutions for command, control, and communications and computers intelligence.

The Company develops and sells rechargeable and primary lithium batteries and smart chargers to the military and medical markets and to private defense industry in the Middle East, Europe and Asia under the Epsilor nameplate. It develops, manufactures and markets Zinc-Air batteries, rechargeable batteries and battery chargers for the military under the Soldier Wearable Integrated Power Equipment System (SWIPES) power hub product. The Company produces water-activated lifejacket lights for commercial aviation and marine applications under Electric Fuel nameplate. The Company has a product line consisting of approximately seven lifejacket light models. Five of these models are for use with marine life jackets and two are for use with aviation life vests. The Company is also engaged in preliminary research and development of an iron flow battery for grid storage.

The Company competes with ZeroBase Energy, LLC, Energy Technologies, Inc., EnerDel, Inc., Solar Stik, Inc., Celestica Inc., Ducommun Incorporated, Sanmina-SCI Corporation, Jabil Circuit, Inc., Woven Electronics Corporation, Bren-Tronics, Inc., Ultralife Corporation, Enersys, Inventus Power, Safety Insurance Group, Inc., Electrochem Solutions, Inc., RRC Power Solutions, Inspired Energy Plc, ACR Electronics Inc., Daniamant Aps and Alcares ApS.

Company Address

Arotech Corp

1229 Oak Valley Dr
ANN ARBOR   MI   48108-9675
P: +1800.2810356
F: +1302.6451280

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