Arotech Announces an Orderly Management Transition: Esses to Be CEO in 2014; Ehrlich to Remain Chairman of the Board

 Arotech Announces an Orderly Management Transition: Esses to Be CEO in 2014;
                   Ehrlich to Remain Chairman of the Board

PR Newswire

ANN ARBOR, Michigan, May 16, 2013

ANN ARBOR, Michigan, May 16, 2013 /PRNewswire/ --

Arotech Corporation (Nasdaq GM: ARTX) announced today that the Board of
Directors has approved a succession plan of which, as of October 1, 2014,
Robert S. Ehrlich will be stepping down as CEO and Steven Esses President will
become CEO of Arotech. Mr. Ehrlich will continue to serve on the Board of
Directors as Chairman. These changes are reflected in new management contracts
signed this week and filed with the SEC. The management contracts run to the
end of 2015, and Mr. Ehrlich's contract includes a reduction in compensation
and benefits.

"I have been involved with Arotech for over two decades, half of that time as
CEO, and have been working very closely with Steven Esses over much of this
period," noted Arotech Chairman and CEO Robert S. Ehrlich. "Over this time,
the Board and I have placed increased responsibilities in Steven's hands, and
have been extremely pleased with the results," continued Ehrlich. "Together,
the Board, Steven and I decided that next year would be the right time to hand
over the day-to-day management of Arotech to a new generation, and I look
forward to continuing my close work with Steven to ensure a smooth handover,"
concluded Ehrlich.

"As we move through 2013, Bob has successfully brought Arotech to the
strongest position that it has ever been in," stated Arotech President Steven
Esses. "I look forward to continuing and building on his hard work, and
leading Arotech from strength to strength," concluded Esses.

About Arotech Corporation

Arotech Corporation is a leading provider of quality defense and security
products for the military, law enforcement and homeland security markets,
including multimedia interactive simulators/trainers and advanced zinc-air and
lithium batteries and chargers. Arotech operates two major business divisions:
Training and Simulation and Battery and Power Systems.

Arotech is incorporated in Delaware, with corporate offices in Ann Arbor,
Michigan, and research, development and production subsidiaries in Alabama,
Michigan, and Israel. For more information on Arotech, please visit Arotech's
website at http://www.arotech.com.

Except for the historical information herein, the matters discussed in this
news release include forward-looking statements, as defined in the Private
Securities Litigation Reform Act of 1995. Forward-looking statements reflect
management's current knowledge, assumptions, judgment and expectations
regarding future performance or events. Although management believes that the
expectations reflected in such statements are reasonable, readers are
cautioned not to place undue reliance on these forward-looking statements, as
they are subject to various risks and uncertainties that may cause actual
results to vary materially. These risks and uncertainties include, but are not
limited to, risks relating to: product and technology development; the
uncertainty of the market for Arotech's products; changing economic
conditions; delay, cancellation or non-renewal, in whole or in part, of
contracts or of purchase orders (including as a result of budgetary cuts
resulting from automatic sequestration under the Budget Control Act of 2011);
and other risk factors detailed in Arotech's most recent Annual Report on Form
10-K for the fiscal year ended December 31, 2012 and other filings with the
Securities and Exchange Commission. Arotech assumes no obligation to update
the information in this release. Reference to the Company's website above does
not constitute incorporation of any of the information thereon into this press
release.

Investor Relations Contact

For more information on Arotech or investor/public relations, please contact:

Ehud Helft and Kenny Green at CCG Investor Relations, Tel: +1-646-201-9246.
E-mail: arotech@gkir.com

SOURCE Arotech Corporation
 
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