| By Business Wire |
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| August 30, 2012 09:15 AM EDT |
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Aura Systems, Inc. (OTCBB: AUSI) announced today that it received
the next release from South Korea for 100, 5 kW AC VIPER systems for the
MMV-program. The systems are scheduled for delivery by the end of
September 2012. This brings the total delivered under this 10 year,
1,000-system contract to 620.
Aura also received a release for 20 3-phase 220VAC systems for the
previously announced NRRS program to be delivered over the next 60 days.
This brings the total delivered under this program to 62 out of 132
total systems to be delivered.
Aura now has confirmed orders for 2,137 systems for the South Korean
military spread over 7 different programs valued at approximately $13
million. In addition, as previously announced the AuraGen/VIPER was
selected for a South Korean military program that would require up to
7,000 systems valued at $63,000,000.00 to be delivered over a seven-year
period at the rate of 1,000 per year.
Mr. Melvin Gagerman, Aura’s CEO said, “Our business with the South
Korean military is expanding as we are being integrated into a numerous
programs. Our backlog for South Korea is now over 76 million to be
delivered over the next 7 years, and we also expect the MSV-contract for
500-1,000 systems per year to be awarded sometime in the next 6 months.
In addition to the South Korean military we have started to ship small
quantities of the VIPERs to Israel, UK, France, and Singapore. We
recently also established distribution channels for military programs in
the Philippines, Malaysia, Turkey and Indonesia.”
For more information on Aura Systems Inc. visit www.aurasystems.com.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act of
1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are
subject to the safe harbor created by those rules. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated
in such statements.
