TAT Technologies Announces That it was Selected by Embraer S.A. to Provide Heat Exchangers With a Total Value of up to $8.75M f

  TAT Technologies Announces That it was Selected by Embraer S.A. to Provide
 Heat Exchangers With a Total Value of up to $8.75M for the E-Jets E2 Program

PR Newswire

GEDERA, Israel, May 20, 2014

GEDERA, Israel, May 20, 2014 /PRNewswire/ --

TAT Technologies Ltd. (NASDAQ: TATT), today announced that it has been
awarded, for the fifth time during the past 5 years, a contract by Embraer,
one of the world's largest manufacturers of commercial aircraft, to be
responsible for the design, manufacture, integration, testing, supply, and
product support for the Fuel Submerged Heat Exchanger to be incorporated into
the new E-Jets E2 family of commercial aircraft (E175-E2, E190-E2, E195-E2)
being developed by the company. In 2013 TAT was awarded the Fuel Submerged
Heat Exchanger and in 2012 precoolers for the KC390 Transport Aircraft. TAT
also supplies Embraer with heat exchangers for the Legacy 450, Legacy 500 and
Phenom 300 business jets.

TAT estimates the revenues from this new contract at approximately $8.75
million over a ten year period with revenues commencing some time in 2015. In
addition, TAT estimates that the product could, in the future, generate
significant additional aftermarket and support revenues.TAT will incur
certain developmental expenses within its ongoing operation over the next two
years in connection with the development of the product.

TAT's President and CEO, Mr. Itsik Maaravi, remarked that "this additional
contract further strengthens our relationship with Embraer, which we are very
proud of. It constitutes an important step in our strategy of solidifying TAT
Technologies' position as a world leading designer and manufacturer of Heat
Management solutions and products."

About TAT Technologies LTD.

TAT Technologies LTD. is a leading provider of products and services to the
commercial and military aerospace and ground defense sectors. TAT operates
under three segments: (i) Original Equipment Manufacturing or "OEM" of Heat
Management Solutions; (ii) Maintenance, Repair and Overhaul or "MRO" services
of Heat Transfer Products; and (iii) Maintenance, Repair and Overhaul or "MRO"
services for aircraft components.

TAT's activities in the area of OEM of Heat Managementand Flow
ControlSolutions includes primarily the design, development, manufacture and
sale of: (i) a broad range of heat transfer components such pre-coolers,
oil/fuel hydraulic coolers and cold plates used in mechanical and electronic
systems on-board commercial, business and military aircraft; (ii)
environmental control and cooling systems for use on board aircraft and on
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 MRO of Heat Transfer Products include the
maintenance, repair and overhaul of heat transfer equipment and to a lesser
extent, the manufacture of certain heat transfer products. TAT's Limco
subsidiary operates an 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
world-wide service provider to the aerospace industry and a one-stop-shop for
maintenance, repair and overhaul services (for 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 Ltd., please visit our web-site:
http://www.tat-technologies.com

Contact:
Mr. Tiko Gadot
CFO
Tel: +972-88628501
tikog@tat-technologies.com

SOURCE TAT Technologies Ltd
 
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