Aura Retains Burdeshaw Associates, Ltd. to Enhance Military Sales Efforts -- Additional Aura Viper Units Shipped to South Korea.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)--June 10, 2002 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. . (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AURA) announced that it had entered into an agreement with Burdeshaw Associates, Ltd., a leading consulting firm specializing in military systems and business planning. Burdeshaw Associates, Ltd., located in Bethesda, Maryland, is an association of retired senior military officers, government civilians, and corporate executives who use their expertise to assist clients in matching their technology and capabilities with U.S. and foreign military and other government requirements. Burdeshaw will enhance Aura's efforts to market the VIPER, the militarized mil·i·ta·rize tr.v. mil·i·ta·rized, mil·i·ta·riz·ing, mil·i·ta·riz·es 1. To equip or train for war. 2. To imbue with militarism. 3. To adopt for use by or in the military. version of the AuraGen(R), to military users. In their initial evaluation, Burdeshaw characterized the VIPER as "a device that satisfies force power demands," and "appears to be worth its weight in gold." According to 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. of Aura Systems, Inc., "We have made great strides in presenting this product to military users. We believe that we are at a point where the knowledge, experience and capabilities brought to us by Burdeshaw Associates will be invaluable in maximizing the penetration of the military market in the shortest possible time." Aura also announced that it had recently made shipments to Techmate Corporation, its distributor in South Korea, in support of the contract with the South Korean Army announced by Aura on January 2, 2002. These units will be used to validate the additional work that must be done in South Korea to meet the requirements of the contract. According to Hauser, "We are pleased that this program is moving forward according to plan. Volume shipments are expected to take place early in calendar 2003." Techmate believes that the Korean military has significant additional follow-on VIPER requirements on their planning horizon Planning horizon The length of time a model or investor or plan projects into the future. . 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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