Michael (Mike) Armon Appointed CEO of INNOCON Ltd , Nov 09

Israel, November 23, 2009…Michael Armon (57) was recently appointed CEO of INNOCON Ltd.  The company develops and manufactures a range of UAV (unmanned aerial vehicle) models as well as UAV command and control systems.  “Mr. Armon brings to the company vast management, international marketing and business development experience, bolstered by a record of successful economic and business leveraging of technology enterprises,” says Zvi Naveh, founder and president of INNOCON.  “Having Mr. Armon at the helm underscores our company’s readiness to increase its global market share, ensuring successful management of the rapid growth anticipated in the international UAV marketplace.”

According to Naveh, Innocon, since its establishment in 2001, has been a technological trailblazer under the private ownership of its founders, enjoying economic independence as an outcome of its technological achievements.  INNOCON aims to build the next step in its business evolution on the company’s technological distinction as it increases its share of international technology markets. 

Michael Armon boasts over 25 years of management experience in technology and defense companies.  Prior to this appointment, Mr. Armon was VP of Marketing and Sales at Bental, a company that develops and manufactures advanced motion systems.  Previously, he was CEO of Optilearn Ltd.

Mr. Armon has an M.B.A. from Tel Aviv University and a B.Sc. in Electronic Engineering and Mechanical Engineering from CUNY, U.S.A.

About INNOCON:

Since its inception in 2001, INNOCON Ltd. has been developing and manufacturing UAVs (unmanned aerial vehicles) ranging from micro-UAVs weighing a mere 6 kg. to 1000 kg. full-size UAVs, equipped with the company’s proprietary command and control systems.  The company delivers either complete systems or major sub-systems.

INNOCON’s technological advantages are clearly demonstrated in the superior performance of its core command and control technology on all company UAVs.  Combined and interoperable onboard and ground-based computers feature modular software, enabling unprecedented levels of flight, take-off and landing control capabilities. 

These technological achievements offer clients the advantages of a cost effective, flexible and varied use of their own platforms.  These advantages include the option to operate a small and economical UAV for missions normally associated with large and heavy UAVs, the use of a particularly lightweight UAV for missions that demand flight altitudes and durations normally associated with much larger and heavier UAVs, heavy UAV take-off and landing capability on unpaved and uneven terrain, and superior UAV-to-payload weight ratios. 

Company clients include leading defense companies Elbit Systems and BAE Systems.  INNOCON’s developed and manufactured UAVs are in service in the U.S. and Israel as well as in numerous Asian and African countries.

INNOCON is a privately held company, owned by its founders.  The company is currently evaluating various investment and strategic cooperation proposals with the aim of leveraging its business and technological achievements to optimize the company’s ability to benefit from the potentially enormous international UAV market. 

For further information contact:

Elinor Behar
Press Relations
Tel: +972-3-5706527
Fax: +972-3-5706526
Email: elinor@oreet-marcom.com