EL SEGUNDO, Calif.--(BUSINESS WIRE)--Aura Systems, Inc. (OTCBB: AUSI) announced today that Mr. Gagerman, the Company’s CEO, released a letter to the shareholders. The letter in its entirety is available on the Company’s website www.aurasystems.com on the home page.
In the letter, Mr. Gagerman discusses the Company’s opportunities in (i) all-electric transport refrigeration, (ii) hybrid and electric vehicles, (iii) military and (iv) other commercial and industrial opportunities. Mr. Gagerman also outlines the Company’s business plan for the next three years.
In regards to electric transport refrigeration, Mr. Gagerman reviews Aura’s recent development and relationship with Zanotti of Italy. For hybrid and electric vehicles, he discusses the recent global events that are leading many of the users of permanent magnet motors and generators to look for alternative solutions. He furthermore addresses the opportunities for Aura’s axial flux solution in these applications. In military applications, Mr. Gagerman describes Aura’s approach for global recognition and acceptance. He also outlines some recent developments and opportunities in the emergency/rescue sector as well as communication sector and HVAC for school buses.
Finally, Mr. Gagerman also provides some projections and estimates for the current fiscal year 2012 and the following two years.
For more information on Aura Systems Inc. visit www.aurasystems.com.
"Safe Harbor"
Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks are described in the Company's Securities and Exchange Commission filings.