Aura’s VIPER Selected for a Military Program Requiring up to 5,000 Systems Valued at Approximately $150 Million
November 19 2012 - 9:15AM
Business Wire
Aura Systems, Inc. (OTCBB: AUSI) announced today that its
AuraGen/VIPER was selected for a program that would require up to
5,000 systems valued at approximately $150,000,000.00 to be
delivered over a seven year period.
This new order is for 5,000 stand-alone diesel generators using
the VIPER power solution. In the past most of our military orders
were for vehicle integrated solutions.
Mr. Melvin Gagerman Aura’s CEO said, “The VIPER mobile power
solution is now integrated into numerous military programs for both
land and sea applications. We now have our VIPER mobile power
solutions in 20 countries and expect more countries to use the
VIPER in the near future. It is important to understand that all of
our backlog is for major global users and these users are now
integrating our systems into their working environment for long
term applications.”
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risks are described in the
Company's Securities and Exchange Commission filings.
For more information on Aura Systems Inc. visit
www.aurasystems.com
Aura Systems (PK) (USOTC:AUSI)
Historical Stock Chart
From Apr 2024 to May 2024
Aura Systems (PK) (USOTC:AUSI)
Historical Stock Chart
From May 2023 to May 2024