ITEM 1
|
|
|
|
|
|
|
|
|
|
Press Release
|
Source: TAT Technologies Limited
|
TAT Technologies Reports
Transfer of Listing to The Nasdaq Global Market
Tuesday June 23, 2009
15:00 pm ET
GEDERA, Israel, June 23
/PRNewswire-FirstCall/ TAT Technologies Ltd. (NASDAQ: TATTF News), reported
today that effective June 24, 2009, the companys ordinary shares will begin trading
on the Nasdaq Global Market. The companys 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.
TATs 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. TATs 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.
TATs MRO services include the
remanufacture, overhaul and repair of heat transfer equipment and other aircraft
components, APUs, propellers and landing gear. TATs Limco subsidiary operates FAA
certified repair stations, which provide aircraft component MRO services for airlines, air
cargo carriers, maintenance service centers and the military.
TATs 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.
TATs executive offices are
located in the Reem Industrial Park, Neta Boulevard, Bnei Ayish, Gedera 70750,
Israel, and TATs 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 Companys 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.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
TAT TECHNOLOGIES LTD.
(Registrant)
By: /s/ Yaron Shalem
Yaron Shalem
Chief Financial Officer
|
Date: June 23, 2009
Tat Technologies (NASDAQ:TATTF)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tat Technologies (NASDAQ:TATTF)
Historical Stock Chart
From Jul 2023 to Jul 2024