HOD HASHARON, ISRAEL 14 June 2004 – CONTROP Precision Technologies LTD. was recently selected to provide the CEDAR-M Electro-Optical Observation Systems to secure the Olympic Games 2004 in Athens (subcontracted by MER Technologies). CONTROP was awarded a contract of 18 CEDAR-M Systems for the protection of seaports in Greece. Delivery of these systems has already begun, to be completed by early Spring, 2004.

MER’s decision to choose the CEDAR-M followed a comparison study of security systems available on the market. The CEDAR-M will be part of an integrated program designed for the security and defense of the Olympic Games. The CEDAR-M will provide day and night protection of the Greek ports and harbors in the fight against terrorism and intrusions, when thousands of athletes and enthusiasts visit the Greek capital in August, 2004 .

The CEDAR-M Electro-Optical System is a downscaled version of the original CEDAR System. These unique and one-of-a-kind systems are part of a “family” of Automatic Intruder Detection Systems developed by CONTROP, that create a “virtual fence” around the protected perimeter, offering automatic, passive detection both by day and by night, of intruders for civilian and military applications. The system automatically detects changes in a wide scanned panoramic view, in real time. In Greece, the CEDAR Systems will provide ground and coastal protection and defense against a wide variety of possible intruders by land and by sea. The CEDAR-M utilizes a Thermal Imaging Camera (FLIR) and a very accurate Electro-Mechanical Pan and Tilt Platform which will enable upgrading of the CEDAR-M systems to automatic intruder detection CEDAR Systems in the future.

The CEDAR Compact Electro-Optical Intruder Detection System is a highly sophisticated electro-optical Day/Night Panoramic Intruder Detection System which automatically detects intruders while scanning a desired wide area or section. The scan sector may be selected in both azimuth and elevation axes, whereby the wide dynamic range is provided

by an accurate motorized Pan and Tilt Unit. The CEDAR System operates in a panoramic Scan Mode for multiple intruder detection as a primary mode of operation, and may be switched to full Observation Mode for detected target recognition and identification. A state-of-the-art continuous optical zoom for both the CCD and the FLIR cameras provides a powerful tool for target recognition and identification while in Observation Mode.

First-hand experience in the war against terror and years of field operational experience places the Israeli CONTROP Precision Technologies LTD alongside other world leaders as providers of security and defense solutions. Innovation, quality, cost effectiveness and state-of-the-art Electro Optic Systems, characterizes the fine surveillance and reconnaissance systems designed by CONTROP Precision Technologies Ltd., for airborne, maritime and ground surveillance applications. The changing international scene and growing need for intruder detection capability has been key to CONTROP‘s success in recent years, and to the company’s being awarded this important and prestigious contract.

About CONTROP Precision Technologies Ltd.:

CONTROP specializes in the development and production of Electro-Optical and precision motion control systems. CONTROP specialists have over 25 years of experience in electro-optics, electronics, servo-control, precision mechanics and software. Main product lines include Stabilized Optronic Payloads (day/night) for Airborne and Maritime applications, Automatic Passive Intruder Detection Scanning Systems, Thermal Imaging Cameras with high performance Zoom Lenses, Directional Antenna Pedestals (Airborne and Ground) and Aerial Reconnaissance Film Cameras.