Aura to deliver 525 of its new 10 kW axial flux induction mobile power solutions

March 7, 2023

LAKE FOREST, CALIFORNIA , March 07, 2023 (GLOBE NEWSWIRE) — Aura Systems Inc. (Symbol “AUSI”) announced today that it has entered into an exclusive distribution agreement with Hippo Multipower to provide a minimum of 525 of Aura’s new 10 kW AuraGen® mobile power application for use on various models of Polaris® ultralight tactical military MRZR vehicles and derivatives such as the MRZR D2 and D4 and the MRZR Alpha over a three-year period. The minimum value of the agreement over the three years is approximately $8.85 million. The first delivery of 10 kW AuraGen® systems under this contract is currently scheduled to take place by June 1, 2023.

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