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Auraa?s VIPER Power Solution Was Selected for a New South Korean Military Program for Approximately $1.5 Million

^{Published on 2011-02-24 06:05:42 - Market Wire}
 

EL SEGUNDO, Calif.--([ BUSINESS WIRE ])--Aura Systems, Inc. (OTCBB: AUSI) announced today that the VIPER power solution was selected for a new classified Korean military program.

To date, Aura has shipped over 400 VIPER systems for a number of ongoing contracts to the Korean military and is bidding on numerous other upcoming contracts. No assurances can be given that Auraa™s solution will be selected on the upcoming bids. With this new contract, Auraa™s current backlog for the Korean military to be delivered over the next 6 years is now at over 1,000 VIPER systems.

Mr. Melvin Gagerman, Auraa™s CEO, said, aWe continue to see greater acceptance of our VIPER solution by the South Korean military. We have now shipped over 400 VIPER systems to the South Korean army under existing and ongoing contracts and are bidding on a number of additional contracts. We recently expanded our military sales and marketing efforts to a number of countries and have numerous outstanding bids for many applications. While no assurances can be given as to when or if any of these open bids will turn into contracts, based on what we hear from the customers, we expect a number of them to select the VIPER solution and turn the bids into contracts in the coming months.a

For more information on Aura Systems, Inc., visit [ www.aurasystems.com ].