Aura's VIPER Selected for a Military Program Requiring up to 5,000 Systems Valued at Approximately $150 Million
EL SEGUNDO, Calif.--(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
KEYWORDS: United States North America California
The article Aura's VIPER Selected for a Military Program Requiring up to 5,000 Systems Valued at Approximately $150 Million originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.