Aura Systems Inc. and Plasan Sasa Ltd. Sign a Binding Memorandum of Understanding for the Use of Aura’s VIPER System for a Special Military Application for the Israeli Defense Forces.

Dépèche transmise le 18 novembre 2011 par Business Wire

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Aura Systems Inc, (OTC: AUSI) announced today that it has entered a binding Memorandum of Understanding with Plasan Sasa Ltd. The parties have reached an agreement to work together using the VIPER for an Armored Vehicle Project that have special requirement for electric energy.

Plasan is a Company specializing in armored vehicle design and manufacturing, supplying OEM customers with armored solutions and survivability system.

Mr. Melvin Gagerman, Aura’s CEO said, “We are pleased to have signed the agreement with Plasan. Our VIPER mobile power solution is constantly being integrated into more military/government projects around the world. The agreement with Plasan not only provides us with a new customer but will also provide our VIPER mobile power technology with global recognition due to the usual wide exposure given to Plasan’s projects.”

Koby Ben Ari, Plasan’s VP of Armored vehicles, said, “We are looking forward to working with Aura and their mobile power solution. Plasan's holistic approach is demonstrated in state-of-the-art technology that improves survivability; we then integrate our design to a vehicle to offer our OEM customer the best overall solution. Aura’s VIPER product provides a perfect fit to the armored vehicle project for the IDF.”

For more information on Plasan visit http://www.plasansasa.com

For more information on Aura Systems Inc. visit www.aurasystems.com

Business Wire

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