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Micro-Cap Receives $1.1 Million U.S. Military Order
By: AllPennyStocks.com News
July 31, 2009
Once upon a time, we clung to the opinion that energy was in infinite supply, and that its production and usage had no adverse consequences for the planet. Now, of course, with billions more of us on that planet and concerns raised about what state the planet is in, many of us are thinking differently. The companies that can produce alternative means of power and energy more efficiently than before can take a share of a lucrative, multi-billion-dollar market, perhaps even lead it.
Perhaps one company with such leadership aspirations is El Segundo, California-based Aura Systems Inc. (OTCBB:AUSI), which specializes in axial flux induction machines applications for Mobile Power Generation and electric motors. Its flagship product, the AuraGen/VIPER (the one used by the U.S. military), is a mobile power generator and power management system that installs in a motor vehicle and delivers on-location, both AC and DC electricity for any end user including industrial, commercial, recreational and, yes, military applications.
The idea is now gaining acceptance that an axial flux machine can generate nearly quadruple the energy density of radial designs. Much as an alternator does, the AuraGen uses a vehicle’s engine as the prime mover but unlike the traditional alternator, the AuraGen is available in five-, eight- and 16-kilowatt configurations.
Founded in 1987, Aura Systems Inc. began life with a focus on the applications of electromagnetic and electro-optics for weapon systems in the air, land and sea, including the highly controversial “Star Wars” program originated by the Reagan Administration. AUSI has known its ups and downs, even filing for Chapter 11 in 2005 before re-organizing the following year with a new determination.
Those efforts paid off in late July with the announcement that the company had won $1.1-million in new military orders, to deliver 36 dual systems for the U.S. Coast Guard and another 110 for the army of South Korea. A previous release had the company stock 190 patrol boats for the Coast Guard, while the Korean army release brings the total released to date to 300 systems.
Last September, AUSI stock topped out for the year at $1.42 a share. The price then dropped to its knees in early December at 29 cents. The news of the new updated contract sent the stock ahead to 92 cents, slightly above the middle of that range. With the knocks AUSI has survived, and its recent good fortune, this stock could make a lot of noise.
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