Aura Receives a VIPER Order from Israel and Also Moves to a Larger Facility in Redondo Beach, California
REDONDO BEACH, Calif.--(BUSINESS WIRE)-- Aura Systems, Inc. (OTCBB: AUSI) announced today that it received approximately $100,000 contract from a major defense contractor in Israel for a special application of the VIPER for the Israeli Defense Forces (IDF). A second part of the contract for approximately the same amount is expected to follow shortly. The order was released to the Company after a lengthy qualification process. The Company is now a qualified supplier to the major Israeli defense contractor.
Aura has also just completed the move of its headquarters and main operations from approximately 30,000 square feet to approximately 70,000 square feet. The new facility is at 4000 Redondo Beach Avenue in Redondo Beach, California. The move to the new larger facility is in anticipation of the potential for a significant increase in business activities in the coming year.
Mr. Gagerman Aura's CEO said, "We are very pleased to become a qualified supplier to a major well known Israeli defense contractor who is a significant suppler to the IDF and customers around the world. It took considerable amount of time to become a qualified supplier to this major company due to their very strict quality and performance requirements. We are currently also bidding on a numerous possibilities jointly with Israeli defense contractors. No assurances can be given as to when or if these will turn into contracts."
Mr. Gagerman added, "We have just moved to a larger more appropriate facility that will provide the required space and environment for the expected expansion of our business both for military users and commercial applications."
For more information on Aura Systems, Inc. visit www.aurasystems.com.
Aura Systems, Inc.
Melvin Gagerman, Chairman and CEO
Dr. Ramesh Misra, President
310-643-5300 x 271
Cipora Lavut, 404-539-2161
KEYWORDS: United States North America California Middle East Israel
The article Aura Receives a VIPER Order from Israel and Also Moves to a Larger Facility in Redondo Beach, California originally appeared on Fool.com.
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