Aura Receives 5 New Military Prototype Orders.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 during the last several weeks it has received initial orders for five different defense related programs. These new applications are in addition to a number of ongoing military and defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; purchases of the Viper, the Company's patented mobile power solution. The Viper is the military version of the AuraGen. Mr. Melvin Gagerman, Aura's Chairman, said, "The awareness of the VIPER is expanding across the defense industry as more organizations become familiar with its capability and performance. This recognition of the advantages of the VIPER has been clearly demonstrated in the last several years in combat conditions in both Iraq and Afghanistan by many vehicles equipped with the VIPER. While the new programs are for initial test units, we believe that they could potentially result in significant follow up orders." "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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