Aura to Start Installation Work on Coast Guard Production Award.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 was instructed to begin the engineering for installation of the AuraGen VIPER into the lead production boat for the U.S. Coast Guard new Response Boat-Medium (RB-M) Fleet. The RB-M will replace the 41' Utility Boat (UTB UTB University of Texas at Brownsville UTB Ultra Thin Body UTB Under the Bridge (Red Hot Chili Peppers song) UTB Up to Boy (Japanese female idol magazine) UTB Urban Taschenbuch ) fleet, the Coast Guard's day-to-day workhorse for the past 25 years that is in operation throughout the United States. As previously announced last June 30, the Coast Guard awarded the production contract to Marinette Marine Kvichak Marine team, with dual AuraGen VIPERS on every boat. Aura's portion of the baseline production contract is over $3.6 million. The Dual VIPER configuration will provide all of the AC and DC power as well as replace the 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 . The VIPER system will provide 16,000 watts of continuous power/18,000 watts of peak power at engine idle. Mr. Melvin Gagerman, Aura'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, "Aura is very pleased to start work on the lead boat. The selection of the Dual VIPER to power the advanced Response Boat-Medium fleet again demonstrates the superior performance, smaller size and weight, power output, power quality as well as the ruggedness of the VIPER system." The AuraGen system has been supporting Homeland Security, 1st Responders and Law Enforcement across the USA, as well as Security activities overseas. The AuraGen VIPER has been supporting our troops in both Afghanistan and Iraq since shortly after 9/11. More information is available on 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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