Aura Receives Additional Orders for More Than $200,000.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's expanding its sales and marketing activities into new applications and had recently received a number of new orders. Including today's announcement, Aura announced over $800,000 of new orders to be delivered over the next several weeks. The total hard backlog orders now stand at over $5.0 million. Mr. Gagerman, the Company's 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, "It is rapidly becoming obvious that there is a demand for our product across many industries and applications. Some of the recent orders are in areas never before addressed by the Company and include applications for hybrid busses and delivery trucks, catering vehicles, remote control excavators and numerous applications in oil field services. In addition to the new customers and applications, we continue to receive orders from existing and returning customers." The AuraGen is an Aura patented device that is used for mobile power generation. The AuraGen system overall efficiency is approximately double the efficiency of other conventional alternator alternator: see generator. alternator Source of direct electric current in modern vehicles for ignition, lights, fans, and other uses. The electric power is generated by an alternator mechanically coupled to the engine, with a rotor field coil based systems. This large increase in efficiency results in a smaller, lighter, system that produces the desired electric output close to idle speed for gasoline engines and at idle speed for diesel based engines. For more information see the Company's website 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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