Press Release from Arotech Corporation:
NEW YORK--(BUSINESS WIRE)--Aug. 12, 2004--Arotech Corporation (NasdaqNM:ARTX) announced today that its Electric Vehicle unit has developed technology that will allow its zinc-air batteries to use commercially available zinc, eliminating the need for the special dendritic zinc used to date. Arotech's technological breakthrough for utilizing readily available zinc will boost commercialization plans for the zinc-air hybrid bus, which until now required heavy investments in zinc producing infrastructure.
Eliminating costly infrastructure will allow transit bus operators to achieve reasonable economies even when deploying small or medium fleets. Furthermore, the new technology will enable small scale tests, which otherwise would have required a significant investment in zinc regeneration infrastructure. Zinc supplier and recycler will be able to supply zinc fuel using existing commercial production technology and capacity -- removing a major market entry barrier.
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