TAT Technologies Reports Transfer of Listing to The Nasdaq Global Market
June 23 2009 - 8:31AM
PR Newswire (US)
GEDERA, Israel, June 23 /PRNewswire-FirstCall/ -- TAT Technologies
Ltd. (NASDAQ:TATTF), reported today that effective June 24, 2009,
the company's ordinary shares will begin trading on the Nasdaq
Global Market. The company's symbol (TATTF) will remain the same.
About TAT Technologies Ltd. TAT provides a variety of services and
products to the military and commercial aerospace and ground
defense industries through its Gedera facility in Israel, as well
as through its subsidiaries, Bental Industries Ltd., or Bental, in
Israel and Limco in the U.S. TAT operates under four operational
segments: (i) OEM of Heat Transfer products (ii) OEM of Electric
Motion Systems (iii) MRO services; and (iv) parts services, each
with the following characteristics. TAT's activities in the area of
OEM of Heat Transfer products primarily relate to the (i) design,
development, manufacture and sale of 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; and (ii)
manufacture and sale of environmental control and cooling systems
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 OEM of Electric Motion
Systems primarily relate to the design, development, manufacture
and sale of a broad range of electrical motor applications for
airborne and ground systems. TAT activities in this segment
commenced with the acquisition of Bental in August 2008 and
accordingly, the results in this segment for fiscal year 2008 are
not compared with the previous years. TAT's MRO services include
the remanufacture, overhaul and repair of heat transfer equipment
and other aircraft components, APUs, propellers and landing gear.
TAT's Limco subsidiary operates FAA certified repair stations,
which provide aircraft component MRO services for airlines, air
cargo carriers, maintenance service centers and the military. TAT's
parts segment focuses on inventory management and sale of APU
parts, propellers and landing gear. TAT offers parts services for
commercial, regional and charter airlines and business aircraft
owners. 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 that are subject to risks and
uncertainties. Factors that could cause actual results to differ
materially from these forward-looking statements include, 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 and Exchange Commission. 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. Shareholders 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 further information,
please call Mr. Yaron Shalem, the Company CFO, at +972-8-8628503 or
. DATASOURCE: TAT Technologies Ltd CONTACT: For further
information, please call Mr. Yaron Shalem, the Company CFO, at
+972-8-8628503 or
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