(AUSI.OB) Aura Systems, Inc. Receives South Korean Order Of 120 Systems and Components

Posted on 28. Jul, 2010 by PublicWire in Energy

(AUSI.OB) Aura Systems, Inc. Receives South Korean Order Of 120 Systems and Components

(PublicWire.com News Release) Aura Systems, Inc. (OTCBB: AUSI) received an order for 120 Systems and components to be delivered to South Korea within the next 60 days.

This new order is in addition to the existing order for 1,000 systems previously announced under which Aura is delivering approximately 100 systems per year. To date Aura has already delivered approximately 300 systems, and expects to deliver this year, in addition to the new order, an additional 120 systems under the old contract. This latest contract brings the total to be delivered over the next six months to the Korean army at approximately $1.1 million.

Mr. Melvin Gagerman, Aura’s CEO said, “We are very pleased to see the VIPER integrated into additional vehicles. This new program is expected to provide our Company with annual releases of hundreds of our VIPER systems per year, for years to come. This is in addition to our existing 5 kW single-phase VIPER being delivered to the South Korean Army at the rate of approximately 100 systems per year. Our relationship with South Korea is constantly expanding, and we are currently involved in 4 major programs, two of which are now fully operational and are integrated into combat vehicles in the field. The other two programs are in a testing phase, and are expected to start field production sometime in our next fiscal year.”