Aura Systems, Inc. (OTC.BB: AUSI) has announced that the approved Defense Bill allocated $800,000 to Aura for the development of upgraded electronics. The electronics will support the 30kW VIPER system. The $800,000 comes in addition to the $800,000 approved last year for a lab demo of a new 30kW VIPER system. With the approved funds, Aura will demonstrate a 30kW VIPER system integrated into a military vehicle. The program includes both the mechanical and electronic components and is planned for completion during calendar year 2010.
Xplosive Stocks, an online financial publication, provides investors timely stock market information.
Sign Up Today for our Free Stock Newsletter
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.
Sign up for the free Xplosive Stocks newsletter. Investors interested in receiving small cap stock alerts through the penny stock newsletter published by Xplosive Stocks can sign up for free by visiting our website.
About Us
Xplosive Stock is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We focus on Xplosive Stocks and track small cap companies that are on the brink of a financial breakout. To feature a company on our website please contact us at the email listed below.
Please click here to read the full disclaimer.
