Aura Systems, Inc. (OTC Bulletin Board; AUSI) has announced that its Chairman and CEO, Melvin Gagerman, has release a letter to its shareholders. The letter is also available as an 8-K filing with the SEC by the company. Mr. Gagerman's letter can be viewed on the company's website.
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The letter provides a summary of business development in transport refrigeration, telecommunications, hybrid application with upcoming development of a 30 kW and 100 kW systems, military development with RG31, upcoming Bradley, HET, WIN-T and other small programs including foreign military sales, along with other recent development with business starting in the upcoming year.
Aura Systems Inc. (“Aura”) is a technology company headquartered in El Segundo, California specializing in axial flux induction machines applications for Mobile Power Generation and Electric Motors. The Company is listed on the OTC bulletin Board under the symbol AUSI.
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