TATTF Tat Technologies Ltd. (MM)

GEDERA, Israel, Sept. 8 /PRNewswire-FirstCall/ -- TAT Technologies Limited (NASDAQ:TATTF) announced today, that on September 8 2008, the Board of Directors of its controlling shareholder, TAT Industries Ltd. ("TAT Industries"), authorized the management of TAT Industries to purchase up to NIS 10,000,000 (approximately $2.8 million) of shares of the Company on the NASDAQ Capital Market, the Tel Aviv Stock Exchange or in private transactions. The Board approval is effective through December 31, 2008 and shall not be deemed as a commitment to purchase any shares of the Company. The timing and amount of any shares purchased will be determined by TAT Industries' management, based on its evaluation of market conditions and other factors. In addition, on September 8, 2008, the Board of Directors of Isal Amlat Investment (1993) Ltd, (hereinafter: "Isal"), the controlling shareholder of TAT Industries, and the direct holder of an approximately 9.85% interest in the Company, authorized the management of Isal to purchase shares of the Company on the NASDAQ Capital Market, the Tel Aviv Stock Exchange or in private transactions, and to purchase shares of TAT Industries on the Tel Aviv Stock Exchange or in private transactions, in an amount of up to NIS 15,000,000 (approximately $4.2 million). The Isal Board approval is effective through December 31, 2008 and shall not be deemed as a commitment to purchase any shares of the Company or of TAT Industries. The timing and amount of any shares purchased will be determined by Isal's management based on its evaluation of market conditions and other factors. About TAT Technologies Ltd. TAT, together with its subsidiaries, is principally engaged in the manufacture, repair and overhaul of heat transfer equipment, such as heat exchangers, precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems, electronic equipment and other applications. In addition the company manufactures and overhauls aircraft accessories and systems such as pumps, valves, power systems, turbines, etc. Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to statements regarding expected results in future quarters, risks in product and technology development, product demand, the impact of competitive pricing, changing economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission. For further information, please contact: Mr. Yaron Shalem Chief Financial Officer TAT Technologies Ltd. +972-8-859-5411 DATASOURCE: TAT Technologies Limited CONTACT: Mr. Yaron Shalem, Chief Financial Officer of TAT Technologies Limited, +972-8-859-5411

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