Aura Appoints New Sales & Marketing Vice President.Business Editors EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--May 22, 2002 Aura Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AURA) announced today the appointment of Craig B. Lipus as the Company's new Vice President of Sales and Marketing. The Board of Directors unanimously approved his appointment. Before coming to Aura, Mr. Lipus held senior sales and marketing positions at Polaroid Corp. and Interlink Electronics Interlink Electronics is a technology company that specializes in user interfaces. History In 2001, Interlink joined Microsoft in designing the controller for the Xbox console. , Inc. Joshua Hauser, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "I am pleased to welcome Mr. Lipus to Aura Systems, Inc. We are fortunate to have someone of his skill and energy join our team. His extensive sales experience with proprietary technical products sold through multiple channels is directly applicable to the business model at Aura. I am confident that he will quickly become a key member of the professional management team that we are assembling at Aura." About Aura Systems Aura Systems Inc., a technology leader in mobile power, develops and sells AuraGen(R) Mobile Induction Power systems to the industrial, commercial and defense mobile power generation markets. The Company's unique and patented energy solution is the only proven, commercially available pure sine wave A continuous, uniform wave with a constant frequency and amplitude. See wavelength.  A Sine Wave _title> Sine wave power system that can continuously provide thousands of watts of power at low engine speed, and is fully integrated under the vehicle hood. The AuraGen(R) is capable of generating full power up to 8500 watts at all engine speeds including enhanced engine idle speed for gasoline engines and at idle speed for bigger diesel engines. The AuraGen(R) combines sophisticated mechanical and electronics design, advanced engineering and break-through electromagnetic technology to produce a highly reliable and flexible mobile power generating system that creates alternating current (AC) and direct current (DC) electricity, both with and without the engine on. For more information about the Company's AuraGen(R) product visit the company's website at http://www.aurasystems.com. "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. |
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