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Arotech Acquires Epsilor Electronic Industries
Arotech Corp. of New York, New York, has acquired Epsilor Electronic Industries
Ltd., a privately owned Israeli corporation.
Epsilor recently received a $2.17 million order
for military rechargeable batteries and smart
chargers from an Asian country. With them, Arotech’s
battery-related business is projected to increase
profitability in 2004.
The company plans to introduce the acquired lithium-based
battery technology to its Auburn, Alabama battery
plant, as a base for broadening its U.S. military
battery market. The acquired company has already
developed European and Asian military markets
for its batteries, which Arotech will use to expand
the reach of its BA-8180/U zinc-air battery.
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