Plasan Announces Delivery of 25 SandCats to Bulgaria

SASA, Israel, February 2 - Plasan, a global leader in survivability and combat-proven
armor solutions for vehicles, airborne platforms and personal protection,
announces the delivery of 25 SandCat vehicles in cooperation with Oshkosh
Defense, for the Bulgarian Ministry of Defense. Plasan was awarded this
contract December 2008.

During a visit to Israel earlier this month, Bulgarian Prime
Minister Boyko Borisov and Bulgarian Minister of Defence Nikolay Mladenov
examined the SandCat up close, followed by meetings with their Israeli
counterparts: Benjamin Netanyahu and Ehud Barak.

Mr. Yaron Roded, Director for Marketing and Business
Development at Plasan, comments: "The SandCat design fits perfectly into
today's peacekeeping and HLS tasks, taking into account the emerging threats
while maintaining the required flexibility for off-road and on-road mission
profile which are so essential for many armies, police, and SWAT teams
world-wide."

Earlier this month, Plasan welcomed Israeli Minister of
Defense Ehud Barak to its facilities in Kibbutz Sasa. This visit marks an
additional award to deliver 79 SandCats specifically designed for the Israeli
Border Police Patrol; a contract valued at $14 million. As opposed to
vehicles currently in use by IDF (Israeli Defense Forces) such as the Armored
HMMWV'e (190hp), Up-armored Storm Jeep (180hp) and Armored Land-rover "David"
(122hp) the SandCat is equipped with a 6.4L, V8 Turbo Diesel engine with
350hp output capable to reach a maximum speed of 130km/h.

The SandCat is based on an upgraded commercial off-the-shelf
Ford F-Series 4×4 chassis, adapted by Oshkosh Defense for military use and
fitted with Plasan advanced Metal Composite & Ceramics Composite armor. The
SandCat provides a high level of protection for the crew while maintaining
excellent maneuverability capabilities.

The SandCat design is state-of-the-art in all aspects:
exterior design, choice of materials, ergonomics, integration of advanced
electronic systems, NBC safety systems, suspended/collapsible seats are part
of the Blast mitigation system and the advanced composite materials against
IEDs and road side bombs are providing high level of crew survivability.

About Plasan

Plasan provides customized survivability solutions for
tactical wheeled vehicles, aircraft, naval platforms, civilian armored
vehicles and personal protection. A recognized global leader and industry
veteran, Plasan's survivability solutions offer the optimal combination of
protection, payload, and cost by combining in-house R&D, design, prototyping
and manufacturing capabilities.

Plasan combines innovative survivability engineering and
design with advanced armor materials development. Its unique development
process is based on continuous interaction between the R&D and the Design &
Prototyping departments. During this process, Plasan combines
computer-generated analysis and simulations with real-time calibration and
ballistic test data. The effective combination of test and simulation data
enables improved simulation accuracy and performance, resulting in the
optimal survivability solution.

Plasan's engineers are unique in terms of their military
backgrounds and hands-on experience. As veterans of the Israel Defense Forces
they are familiar with soldiers' behavior during combat and share a common
language with the end user. This often contributes to the development of life
saving solutions.

Plasan's success is a combination of innovation, a high level
of commitment and a full range of in-house capabilities. As a preferred
supplier to the Israel Defense Forces and an approved supplier to ministries
of defense around the world, Plasan's solutions have been tried and tested by
dozens of armed forces in the most demanding battlefields such as Lebanon,
Iraq and Afghanistan.

As a global company with locations in Israel, North America
and Europe, Plasan is a worldwide market leader. Plasan's production
capabilities are complemented by a comprehensive supply chain that
encompasses suppliers of materials, equipment and solutions in strategic
locations worldwide. This extensive network enables the production capacity
flexibility necessary to expand or reduce production volumes according to
demand. Please visit www.plasan.com.

    For more information please contact:

    Mr. Yaron Roded
    Marketing Director
    yaronr@plasan.com
    +972-54-2872243

    or

    Hadas Weizman
    Media Relations Manager
    +972-542-872-110
    hadasw@plasan.com

For more information please contact: Mr. Yaron Roded, Marketing Director, yaronr at plasan.com, +972-54-2872243 or Hadas Weizman, Media Relations Manager, +972-542-872-110, hadasw at plasan.com