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TAT TECHNOLOGIES LTD.

(TATT)
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TAT Technologies : Reports a new Partnership with Honeywell

06/15/2021 | 05:54am EDT

TAT Technologies Ltd. is pleased to announce that TAT Piedmont, a fully owned subsidiary, signed a new strategic MRO agreement with Honeywell for the repair of APU 331-500.
TAT Piedmont is a leading independent licensed MRO station for the repair of APU 331-200, APU 36 and APU 85/95 and also serves as Honeywell's exclusive rental bank provider for the APU
331-500, for both commercial and military applications. TAT Piedmont serves customers from the US and Europe from its North Carolina facility.
Igal Zamir, CEO and President of TAT Technologies, stated, 'We are pleased with the signing of another strategic agreement with Honeywell for the MRO of APU331-500 following the signing
of the last two strategic agreements in 2020. This APU serves the fleet of B777 and opens another substantial market for TAT and is expected to increase our revenues as of 2022.'

About TAT Technologies LTD

TAT Technologies Ltd. is a leading provider of services and products to the commercial and military aerospace and ground defense industries. TAT operates under four segments: (i) Original
equipment manufacturing ('OEM') of heat transfer solutions and aviation accessories through its Gedera facility; (ii) MRO services for heat transfer components and OEM of heat transfer
solutions through its Limco subsidiary; (iii) MRO services for aviation components through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its
Turbochrome subsidiary. TAT controlling shareholders is the FIMI Private Equity Fund.

TAT's activities in the area of OEM of heat transfer solutions and aviation accessories primarily include the design, development and manufacture of (i) broad range of heat transfer solutions,
such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business aircraft; (ii) environmental
control and power electronics cooling systems installed on board aircraft in and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps,
valves, and turbine power units.

TAT's activities in the area of MRO Services for heat transfer components and OEM of heat transfer solutions primarily include the MRO of heat transfer components and to a lesser extent, the
manufacturing of certain heat transfer solutions. TAT's Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers,
maintenance service centers and the military.

TAT's activities in the area of MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components. TAT's Piedmont subsidiary operates an FAAcertified
repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.

TAT's activities in the area of overhaul and coating of jet engine components includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades,
variable inlet guide vanes and afterburner flaps.

Contact
For more information, please contact:

Mr. Ehud Ben-Yair
Chief Financial Officer

Tel: 972-8-862-8503
ehudb@tat-technologies.com

Disclaimer

TAT Technologies Ltd. published this content on 15 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2021 09:53:09 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2020 75,4 M - -
Net income 2020 -5,33 M - -
Net cash 2020 8,79 M - -
P/E ratio 2020 -7,54x
Yield 2020 -
Capitalization 56,8 M 56,8 M -
EV / Sales 2019 0,37x
EV / Sales 2020 0,42x
Nbr of Employees -
Free-Float 35,2%
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Managers and Directors
Igal P. Zamir President & Chief Executive Officer
Ehud Ben-Yair Chief Financial Officer
Amos Malka Chairman
Dan Doron Executive Vice President-Technology & Engineering
Dafna Gruber Independent External Director
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