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"