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Space

Israel Aerospace Industries Ltd.

Israel Aircraft Industries' MBT Space Division and AccuBeat Ltd. have signed an Agreement for Developing of new Space Atomic Rubidium Clock

Jul 5, 2005

Israel Aircraft Industries (IAI)'s MBT Space Division has signed an agreement for developing and marketing a new Space Atomic Rubidium Clock which will also include developing of an Atomic Rubidium clock for Ground Control Stations (GCS).

"Through this agreement, IAI/MBT Space Division will provide customers with robust Space Atomic Rubidium Clock," said Mr. Yossi Weiss, General Manager of IAI's MBT Space Division. "We're proud to form this relationship with AccuBeat and to expand our growing presence in the space technology environment."

"AccuBeat sets the standard for Rubidium Atomic Clocks," said Dr. Avinoam Stern, AccuBeat's President, and Mr. Benny Levy, AccuBeat's Vice President. "Our corporation with IAI puts AccuBeat at the leading edge of this technology and expands our market potential."

IAI's MBT Space specializes in the design, production, testing, total tracking and control of satellites for remote sensing and communication purposes. The Division is leading the Israeli operations in space and as such acts as prime contractor for all national and civilian Space Programs in Israel. The MBT Space Division produces light, high resolution Low Earth Orbit (LEO) optical and radar observation satellites, as well as small and medium Geostationary (GEO) communication satellites. The Division also houses, under single roof, Ground Stations for its observation and communication satellites.

AccuBeat Ltd. designs, develops, and manufactures high precision frequency & time generation and synchronization products based on Rubidium Frequency Standards and GPS receivers. These products provide extreme accuracy of parts per 10-12 in frequency and nanoseconds in time. AccuBeat's products are designed for use in various commercial and military applications. AccuBeat's military products are fully qualified for tough environments including airborne, helicopter, ship born and ground mobile platforms.For more information about the AccuBeat visit www.accubeat.com

For further information, please contact:

Doron Suslik
Deputy Corp. VP for Communications
Tel: 972 (3) 935-8509
Fax: 972 (3) 935-8512
Email: hpaz@iai.co.il



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