TAT Technologies Announces Closing of the Transaction to Sell Controlling Interest In Bental Industries Ltd. to Bental

  TAT Technologies Announces Closing of the Transaction to Sell Controlling
     Interest In Bental Industries Ltd. to Bental Investments Agshah Ltd.

PR Newswire

GEDERA, Israel, March 27, 2014

GEDERA, Israel, March 27, 2014 /PRNewswire/ --



TAT Technologies Ltd. (Nasdaq: TATT - News), a leading provider of services
and products to the commercial and military aerospace and ground defense
industries, today announced closing of the transaction to sell its entire
interest in Bental Industries Ltd. ("Bental"), constituting 70% of Bental's
issued and outstanding share capital, to Bental Investments Agshah Ltd.
("Bental Investments"), for an aggregate consideration of $5 million, after
receiving all required approvals to consummate the closing.

TAT's Board of Directors will consider alternatives for the use of funds
received as consideration in such transaction, including use of the
consideration for future strategic acquisitions by TAT in order to enhance
TAT's competitive advantages.

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About TAT Technologies Ltd.

TAT Technologies Ltd. is a leading provider of services and products to the
commercial and military aerospace and ground defense industries.

TAT operates under three segments: (i) Original Equipment Manufacturing or
"OEM" of Heat Management Solutions (ii) Heat Transfer Services and Products
and (iii) Maintenance, Repair and Overhaul or "MRO" services of Aviation
Components.

TAT's activities in the area of OEM of Heat Management Solutions primarily
include the design, development, manufacture and sale of (i) a broad range of
heat transfer components (such as heat exchangers, pre-coolers and oil/fuel
hydraulic coolers) used in mechanical and electronic systems on-board
commercial, military and business aircraft; (ii) environmental control and
cooling systems on board aircraft and for ground applications; and (iii) a
variety of other electronic and mechanical aircraft accessories and systems
such as pumps, valves, power systems and turbines.

TAT's activities in the area of Heat Transfer Services and Products include
the maintenance, repair and overhaul of heat transfer equipment and in a
lesser extent, the manufacturing of certain heat transfer products. TAT's
Limco subsidiary operates FAA certified repair station, which provides heat
transfer MRO services and products for airlines, air cargo carriers,
maintenance service centers and the military.

TAT's activities in the area of MRO services for Aviation Components include
the maintenance, repair and overhaul of APUs, Landing Gear and other aircraft
components. TAT's Piedmont subsidiary operates an FAA certified repair
station, which provides aircraft component MRO services for airlines, air
cargo carriers, maintenance service centers and the military.

TAT also holds approximately 29% of the equity of First Aviation Services, a
one-stop-shop for MRO services (propellers and landing gear) for the General
Aviation Industry.

TAT's executive offices are located in the Re'em Industrial Park, Neta
Boulevard, Bnei Ayish, Gedera 70750, Israel, and TAT's telephone number is
972-8-862-8500.

Safe Harbor for Forward-Looking Statements 

This press release contains forward-looking statements which include, without
limitation, statements regarding possible or assumed future operation results.
These statements are hereby identified as "forward-looking statements" for
purposes of the safe harbor provided by the Private Securities Litigation
Reform Act of 1995. These forward-looking statements involve risks and
uncertainties that could cause our results to differ materially from
management's current expectations. Actual results and performance can also be
influenced by other risks that we face in running our operations including,
but are not limited to, general business conditions in the airline industry,
changes in demand for our services and products, the timing and amount or
cancellation of orders, the price and continuity of supply of component parts
used in our operations, and other risks detailed from time to time in the
company's filings with the Securities Exchange Commission, including, its
annual report on form 20-F and its periodic reports on form 6-K. These
documents contain and identify other important factors that could cause actual
results to differ materially from those contained in our projections or
forward-looking statements. Stockholders and other readers are cautioned not
to place undue reliance on these forward-looking statements, which speak only
as of the date on which they are made. We undertake no obligation to update
publicly or revise any forward-looking statement.

For more information of TAT Technologies, please visit our web-site:
http://www.tat-technologies.com 

Contact:
Tiko Gadot
CFO
Tel: +972-88628501

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SOURCE TAT Technologies Ltd
 
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