REDONDO BEACH, Calif.--(BUSINESS WIRE)-- Aura Systems, Inc. (OTCBB: AUSI) announced today that it delivered the first 30 new patented water-cooled 15 kW VIPER systems to South Korea. These units are the first for a potentially very large multi-year program for thousands of units that are expected to be in full production starting in 2015. The Company expects delivery of additional 100 such water-cooled systems during this calendar year.
The Company has also recently delivered an additional 40 8.5 kW VIPER systems to South Korea under a previously announced NRRS-program. These units are in addition to the 100 5-kW systems to be delivered during the next several months under the MMV contract also previously announced.
Mr. Melvin Gagerman, Aura’s CEO, said, “We are very pleased at the integration of the VIPER solution into numerous South Korean military programs. We have now shipped many hundreds of our VIPER mobile power systems to the South Korean Military and expect thousands more to be delivered under numerous programs over the next 5 years.”
"Safe Harbor" Statement under the Private Securities Litigation Reform Act 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.
For more information on Aura Systems Inc. visit www.aurasystems.com
Source: Aura Systems, Inc.