Aura Systems Inc New (AUSI) 0.3200 $AUSI
Aura announces receipt of loan worth USD1.1m from its director Robert Kopple
M2 - Mon Jun 30, 7:54AM CDT
Aura Systems Inc (OTCBB:AUSI) that designs, assembles, tests and sells proprietary Axial Flux induction machines, revealed on Friday that its board member Robert Kopple recently provided a new USD1.1m unsecured non-convertible short term loan.
Aura Receives $1.1 Million Loan From A Company Director
Business Wire - Fri Jun 27, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that Mr. Robert Kopple a board member recently provided the Company with a new $1.1 million unsecured non-convertible short term loan. The Board approved the terms of the loan and Mr. Kopple excused himself from voting on the matter.
U.S.C.G Informed Aura Systems Of Renewed Contract To Support The VIPER Power Solution Used In Its 45-Foot RB-M Patrol Boats
Business Wire - Thu Jun 26, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that the U.S.C.G informed the Company that its support contract with Aura will shortly be renewed. This support contract is to provide service and support for the VIPER systems installed on the U.S.C.G patrol boats. The U.S.C.G RB-M response boats now in production use dual AuraGen/VIPER systems, to provide both AC (alternating current) and DC (direct current) power from engine idle to redline. The 45-foot RB-M was designed to meet Coast Guard mission requirements for search and rescue; ports, waterways, and coastal security; drug interdiction; and migrant interdiction.
Aura to Deliver Approximately $500,000 of Its VIPER Mobile Power Systems to Israeli Defense Contractors
Business Wire - Wed Jun 25, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that it received orders from two Israeli defense contractors to deliver numerous VIPER systems over the next few months totaling approximately $500,000.00. Some of the systems are designated for the IDF (Israeli Defense Force).
Aura Systems Delivers the First 30 Water-Cooled VIPER Mobile Power Solutions to South Korea
Business Wire - Tue Jun 24, 8:30AM CDT
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.
Aura Announced the Appointment of Greg de la Torre as the Company's New Chief Operating Officer
Business Wire - Mon Jun 23, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that Greg de la Torre joined the Company as its new Chief Operating Officer. Mr. Greg de la Torre is a high-level executive with proven ability to plan, develop and integrate total solutions in global manufacturing operations with a high degree of complexity. He has over twenty-five (25) years of direct experience in High Tech/High Reliability ("Hi-Rel"
industries such as: (i) Electronic Manufacturing (EMS/CM/ODM), (ii) Semiconductor tools and components, (iii) Telecommunications products, (iv) Transportation, (v) Aerospace and (vi) Computer hardware. He also has over ten (10) years of significant leadership responsibility and experience moving business measurably towards best practices, with demonstrable experience in strategic planning as well as tactical execution. In-depth knowledge of implementation and use of manufacturing complex systems, including:
Mr. Robert Kopple Joins Aura's Board of Directors as Vice Chairman
Business Wire - Mon Sep 16, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that Mr. Robert Kopple joined the Board of directors as Vice Chairman. The appointment of Mr. Kopple was made to fill the vacancy on the board due to the passing of Dr. Arthur Schwartz, who was one of the original founders and the Company's CTO.
Aura closes private placement of USD2.5m of convertible notes
M2 - Tue Aug 27, 3:34AM CDT
Aura Systems Inc (OTCBB:AUSI), a company that designs, assembles, tests and sells proprietary and patented Axial Flux induction machines, stated on Monday that it raised USD2.5m in a private placement from one individual.
Aura Raises $2.5 Million in a Private Placement
Business Wire - Mon Aug 26, 11:01AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that it raised $2.5 million in a private placement from one individual. $2.0 million of the private placement was in the form of a 4-year convertible note with warrants and 9.5% simple annual coupon. The investor has the right to convert the outstanding Note at any time into common shares of the Company at a conversion price of $0.50 per share. For each common share that the Note is convertible into, the investor also received a 7-year warrant with an exercise price of $0.75.
OTC Daily Alert Stock Watch - Aura Systems Inc. (OTCQB: AUSI)
WorldStockWire - Wed Aug 21, 12:45AM CDT
OTC Daily Alert tracks stocks daily and is pleased to offer features on public companies. Investors can receive FREE Stock Alerts and company news and profiles by visiting OTC Daily Alert at the following: http://www.otcdailyalert.com
Aura announces closure of USD2.4m financing and conversion of demand notes
M2 - Mon May 13, 3:48AM CDT
Aura Systems Inc (OTCBB:AUSI), a technology company, disclosed on Friday. that it has closed on financing of USD2.4m that comprises of the conversion of USD1.6m of demand notes, issued earlier together with accrued interest and USD750,000 of new funds.
Aura Completes the Initial Closing of a Financing and Conversion of Demand Notes into Secured Convertible Notes
Business Wire - Fri May 10, 8:30AM CDT
Aura Systems, Inc. (OTCBB:AUSI) announced today that it closed on $2,395,700 financing which consisted of the conversion of $1,645,700 of previously issued demand notes plus accrued interest and $750,000 of new funds.
Aura Reduces the Fully Diluted Number of Common Shares by 808,500 Through an Exchange of Anti Dilutive Warrants for a Fixed Number of Common Shares
Business Wire - Mon May 06, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that it entered into an agreement with the previous $3.6 million of secured loan holders to reduce the fully diluted number of common shares by exchanging the holder's issued and outstanding 5,390,000 five year warrants with anti dilution provisions, for a fixed 4,581,500 of common shares and no warrants. The $3.6 million secured notes were paid in full in cash as previously announced on April 1, 2013.
Aura Completes Repayment in Cash of the $3.6 Million Senior Convertible Secured Notes Issued in September 2011
Business Wire - Mon Apr 01, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) is pleased to announce today that it completed the repayment in cash of the entire $3.6 million secured notes that were issued in September 2011.
Dr. Ramesh Misra Joins Aura Systems as Its President
Business Wire - Tue Feb 19, 8:30AM CST
Aura Systems, Inc. (OTCBB: AUSI) is pleased to announce today the appointment of Dr. Ramesh Misra as the President of the Company. Dr. Misra holds a Ph.D. in Electrical and Computer Engineering from Carnegie Mellon University. In addition to his technical background Dr. Misra has over 10 years experience as an industry analyst and financial analyst covering the Semiconductor and Alternative Energy sectors.
Aura Announced the Passing of Dr. Arthur Schwartz, Aura's Chief Technical Officer, and the Appointment of Dr. Guanghui Wang as the New CTO
Business Wire - Mon Dec 17, 8:30AM CST
Aura Systems, Inc. (OTCBB: AUSI) with great sadness announced today that Dr. Arthur Schwartz, a Board Member and the Company's Chief Technical Officer, died on November 21, 2012 at the age of 65 after a short battle with cancer.
Aura announces receipt of loan worth USD1.1m from its director Robert Kopple
M2 - Mon Jun 30, 7:54AM CDT
Aura Systems Inc (OTCBB:AUSI) that designs, assembles, tests and sells proprietary Axial Flux induction machines, revealed on Friday that its board member Robert Kopple recently provided a new USD1.1m unsecured non-convertible short term loan.
Aura Receives $1.1 Million Loan From A Company Director
Business Wire - Fri Jun 27, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that Mr. Robert Kopple a board member recently provided the Company with a new $1.1 million unsecured non-convertible short term loan. The Board approved the terms of the loan and Mr. Kopple excused himself from voting on the matter.
U.S.C.G Informed Aura Systems Of Renewed Contract To Support The VIPER Power Solution Used In Its 45-Foot RB-M Patrol Boats
Business Wire - Thu Jun 26, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that the U.S.C.G informed the Company that its support contract with Aura will shortly be renewed. This support contract is to provide service and support for the VIPER systems installed on the U.S.C.G patrol boats. The U.S.C.G RB-M response boats now in production use dual AuraGen/VIPER systems, to provide both AC (alternating current) and DC (direct current) power from engine idle to redline. The 45-foot RB-M was designed to meet Coast Guard mission requirements for search and rescue; ports, waterways, and coastal security; drug interdiction; and migrant interdiction.
Aura to Deliver Approximately $500,000 of Its VIPER Mobile Power Systems to Israeli Defense Contractors
Business Wire - Wed Jun 25, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that it received orders from two Israeli defense contractors to deliver numerous VIPER systems over the next few months totaling approximately $500,000.00. Some of the systems are designated for the IDF (Israeli Defense Force).
Aura Systems Delivers the First 30 Water-Cooled VIPER Mobile Power Solutions to South Korea
Business Wire - Tue Jun 24, 8:30AM CDT
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.
Aura Announced the Appointment of Greg de la Torre as the Company's New Chief Operating Officer
Business Wire - Mon Jun 23, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that Greg de la Torre joined the Company as its new Chief Operating Officer. Mr. Greg de la Torre is a high-level executive with proven ability to plan, develop and integrate total solutions in global manufacturing operations with a high degree of complexity. He has over twenty-five (25) years of direct experience in High Tech/High Reliability ("Hi-Rel"
industries such as: (i) Electronic Manufacturing (EMS/CM/ODM), (ii) Semiconductor tools and components, (iii) Telecommunications products, (iv) Transportation, (v) Aerospace and (vi) Computer hardware. He also has over ten (10) years of significant leadership responsibility and experience moving business measurably towards best practices, with demonstrable experience in strategic planning as well as tactical execution. In-depth knowledge of implementation and use of manufacturing complex systems, including: Mr. Robert Kopple Joins Aura's Board of Directors as Vice Chairman
Business Wire - Mon Sep 16, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that Mr. Robert Kopple joined the Board of directors as Vice Chairman. The appointment of Mr. Kopple was made to fill the vacancy on the board due to the passing of Dr. Arthur Schwartz, who was one of the original founders and the Company's CTO.
Aura closes private placement of USD2.5m of convertible notes
M2 - Tue Aug 27, 3:34AM CDT
Aura Systems Inc (OTCBB:AUSI), a company that designs, assembles, tests and sells proprietary and patented Axial Flux induction machines, stated on Monday that it raised USD2.5m in a private placement from one individual.
Aura Raises $2.5 Million in a Private Placement
Business Wire - Mon Aug 26, 11:01AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that it raised $2.5 million in a private placement from one individual. $2.0 million of the private placement was in the form of a 4-year convertible note with warrants and 9.5% simple annual coupon. The investor has the right to convert the outstanding Note at any time into common shares of the Company at a conversion price of $0.50 per share. For each common share that the Note is convertible into, the investor also received a 7-year warrant with an exercise price of $0.75.
OTC Daily Alert Stock Watch - Aura Systems Inc. (OTCQB: AUSI)
WorldStockWire - Wed Aug 21, 12:45AM CDT
OTC Daily Alert tracks stocks daily and is pleased to offer features on public companies. Investors can receive FREE Stock Alerts and company news and profiles by visiting OTC Daily Alert at the following: http://www.otcdailyalert.com
Aura announces closure of USD2.4m financing and conversion of demand notes
M2 - Mon May 13, 3:48AM CDT
Aura Systems Inc (OTCBB:AUSI), a technology company, disclosed on Friday. that it has closed on financing of USD2.4m that comprises of the conversion of USD1.6m of demand notes, issued earlier together with accrued interest and USD750,000 of new funds.
Aura Completes the Initial Closing of a Financing and Conversion of Demand Notes into Secured Convertible Notes
Business Wire - Fri May 10, 8:30AM CDT
Aura Systems, Inc. (OTCBB:AUSI) announced today that it closed on $2,395,700 financing which consisted of the conversion of $1,645,700 of previously issued demand notes plus accrued interest and $750,000 of new funds.
Aura Reduces the Fully Diluted Number of Common Shares by 808,500 Through an Exchange of Anti Dilutive Warrants for a Fixed Number of Common Shares
Business Wire - Mon May 06, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) announced today that it entered into an agreement with the previous $3.6 million of secured loan holders to reduce the fully diluted number of common shares by exchanging the holder's issued and outstanding 5,390,000 five year warrants with anti dilution provisions, for a fixed 4,581,500 of common shares and no warrants. The $3.6 million secured notes were paid in full in cash as previously announced on April 1, 2013.
Aura Completes Repayment in Cash of the $3.6 Million Senior Convertible Secured Notes Issued in September 2011
Business Wire - Mon Apr 01, 8:30AM CDT
Aura Systems, Inc. (OTCBB: AUSI) is pleased to announce today that it completed the repayment in cash of the entire $3.6 million secured notes that were issued in September 2011.
Dr. Ramesh Misra Joins Aura Systems as Its President
Business Wire - Tue Feb 19, 8:30AM CST
Aura Systems, Inc. (OTCBB: AUSI) is pleased to announce today the appointment of Dr. Ramesh Misra as the President of the Company. Dr. Misra holds a Ph.D. in Electrical and Computer Engineering from Carnegie Mellon University. In addition to his technical background Dr. Misra has over 10 years experience as an industry analyst and financial analyst covering the Semiconductor and Alternative Energy sectors.
Aura Announced the Passing of Dr. Arthur Schwartz, Aura's Chief Technical Officer, and the Appointment of Dr. Guanghui Wang as the New CTO
Business Wire - Mon Dec 17, 8:30AM CST
Aura Systems, Inc. (OTCBB: AUSI) with great sadness announced today that Dr. Arthur Schwartz, a Board Member and the Company's Chief Technical Officer, died on November 21, 2012 at the age of 65 after a short battle with cancer.
