Aura Enters into Multiyear Distribution Agreement for Refrigerated Trucks.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. -- Aura Systems, Inc. (Pink Sheets:AUSI AUSI Autonomous Undersea Systems Institute AUSI Associated Underwater Scuba Instructors (Queenscliff, Victoria, Australia) ), announced today that it entered into an exclusive distribution agreement with Emerald Commercial Leasing, Inc. (Emerald) for the sale and service of the AuraGen power generation systems for refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. trucks. Emerald will market its all-electric refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. system under the Global Cooling brand name. The Global Cooling refrigerated trucks are state-of-the-art, all-electric systems using the AuraGen as the AC power source to run the refrigeration compressor. The distribution agreement is multiyear and requires Emerald to purchase minimum annual quantities from Aura Systems, Inc. Mr. Melvin Gagerman, Aura's Chairman, said, "We at Aura are very excited about the agreement with Emerald. Providing the power for refrigeration systems on trucks is a new application for the Company and we believe the all-electric approach to mobile refrigeration can truly revolutionize local perishable food distribution. This application is yet another example of the many commercial applications for our mobile power solution." Mr. Joe Dickman, President of Emerald, said, "We studied the AuraGen solution and compared it to other mobile power solutions. It is clear to us that the AuraGen is by far the best solution for our needs. The AuraGen system will provide all of our AC power needs to power the refrigeration compressor and at the same time will provide the best solution for any existing or upcoming no idling rules. With the AuraGen ICS (1) (Internet Connection Sharing) A Windows feature that enables two or more computers to share one Internet connection. First introduced in Windows 98 Second Edition, sharing is accomplished with network address translation (NAT), which is the common method. system our trucks will be able to turn off their engines while making deliveries without any interruption to the refrigeration system." "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 the 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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