Additional AuraGen VIPERs to be Deployed by U.S. Army Europe Command.Business Editors EL SEGUNDO, Calif.--(BUSINESS WIRE)--Sept. 17, 2001 AURA SYSTEMS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AURA) announced today that it received a new order for additional VIPER systems from the U.S. Army 3rd Corps Support Command (3D COSCOM COSCOM Corps Support Command (US Army) COSCOM Coastal Command (Coast Guard/Navy, Singapore) ). The 3D COSCOM is stationed in Germany as part of deployed forces of the US Army Europe (USAREUR USAREUR abbr. United States Army, Europe ). This contract, reflects an increase to the contract previously announced on July 17, 2001. Aura has completed the training of military personnel in Europe for the installation of the VIPERS in that contract. The VIPERs under this new addition are all 5,000 Watt, AC only systems, and are considerably lighter and smaller (by several times) than the hauled and towed Army generators they replace. Ron Goldstein, Aura's Senior V.P for Government Systems, said "This Army purchase follows the successful completion of the previously announced contract as well as command level evaluation of the effectiveness of the VIPER last spring in Germany during war game field exercises. We believe that the VIPER will provide significant improvements in mission effectiveness in terms of transportability, mobility, quietness for survivability sur·viv·a·ble adj. 1. Capable of surviving: survivable organisms in a hostile environment. 2. That can be survived: a survivable, but very serious, illness. and better effective fuel usage for a modern mobile Army. The VIPER's ease of use by our troops is unsurpassed. The combination of all these factors make the VIPER an ideal solution for a rapid deployed mobile army." For more information about the AuraGen, see the company's website, http://www.aurasystems.com/. Aura Systems, Inc., a leader in electromagnetic systems, is located in El Segundo, CA. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion