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To: Bucky Katt who wrote (9462)	11/7/2002 2:37:14 PM
From: BW	Read Replies (1) \| Respond to of 48461

hey looky here - Electric Fuel's Armoring Subsidiary Awarded $1 Million Service Contract Thursday November 7, 2:12 pm ET NEW YORK--(BUSINESS WIRE)--Nov. 7, 2002--Electric Fuel Corporation (NasdaqNM: EFCX), a leader in defense and security products for military and homeland security, announced today that it was awarded a $1 million vehicle armoring contract to armor 30 pre-purchased vehicles. The Company is not at liberty to disclose the customer. MDT Protective Industries, a wholly-owned vehicle armoring subsidiary of Electric Fuel Corporation, is a leader in state-of -the art lightweight armoring of vehicles that armors a host of vehicles ranging from light tactical to passenger vehicles. The subsidiary's vehicle armoring business has years of battlefield experience and has provided life-saving protection under the most extreme conditions, which include assault rifles and bomb blasts. With two product lines, the subsidiary has the capacity to armor a significant number of vehicles with a short lead-time. Electric Fuel President, CEO and Chairman of the Board Robert S. Ehrlich commented, "Our armoring processes are the most advanced in the industry. Because we can maintain the integrity of the vehicle with little or no cosmetic compromise, our armoring business is gaining coveted service contracts from many governmental defense and security agencies. We look forward to strong revenue growth in this business segment."