Aura Systems, Inc. (AUSI.OB) Announces Major U.S. Army Contract to Develop a 30 kW VIPER Mobile Power Solution

QualityStocks would like to highlight Aura Systems Inc. (OTCBB: AUSI), a technology company headquartered in El Segundo, California, specializing in axial flux induction machines applications for mobile power generation and electric motors. The company designs, assembles, and sells the AuraGen/VIPER (VIPER is the name used by the US Military). The AuraGen/Viper is the company's patented, integrated, mobile power generator and power management system, that installs in a motor vehicle and delivers, on-location, both AC and DC electricity for any end user, including industrial, commercial, recreational and military applications.

In the company’s news today,

Aura Systems announced that it received a contract worth approximately $980,000 to develop a 30 kW version of its VIPER mobile power system. The company anticipates making delivery of the unit by the middle of next year.

The 30 kW VIPER system will be capable of simultaneously delivering both DC and AC power. Expected to be the same or slightly larger in diameter than the current 8.5 kW machine, the 30 kW VIPER will address the constantly growing need for onboard exportable power on military vehicles.

Mr. Melvin Gagerman, Aura’s CEO, stated, “Aura is very pleased to undertake the development of a 30 kW generator that could be used to support the military demand for vehicle onboard power. Aura’s patented Axial Flux induction solution does not use any permanent magnets and therefore is not subjected to the recent shortages and 100% cost increase for the rare earth magnets typically used in generators. The Aura VIPER technology is ideal for this application as it readily scales from 0.5 kW to hundreds of kW. In addition to this program Aura is currently exploring some potential military applications that would require as much as 125 kW of power.”

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