Aura Systems Stock Price, News & Analysis
Company Description
Aura Systems Inc. (AUSI) is a manufacturing company that focuses on electromagnetic technologies and mobile power solutions. The company is associated with the optical instrument and lens manufacturing industry and operates in the broader manufacturing sector. Aura Systems trades on the over-the-counter market under the symbol AUSI and has a long history of engineering-focused development work.
Aura Systems states that it innovated and commercialized Axial Flux Induction technology for electric motors and generators that do not use rare earth or other permanent magnets. According to the company, its axial flux induction machines have been optimized over many years so that performance factors such as efficiency, torque, and energy density are equal to or greater than high-end axial and radial permanent magnet machines that rely on rare earth magnets. The company highlights that this approach offers reliability, lower cost compared with equivalent permanent magnet machines, and independence from rare earth supply from China.
Technology and Products
Aura Systems emphasizes its Axial Flux Induction technology as the core of its product development. The company describes this technology as the result of decades of electromagnetic research and more than $150 million in development work by its scientists and engineers. Aura’s technology underpins its AuraGen® mobile power products and related electric motor and generator applications.
The company reports that its AuraGen® mobile power technology is deployed in more than 20 countries worldwide. It cites customers that range from Fortune 500 companies to militaries around the world, and it presents the AuraGen® family of products as an environmentally conscious and economical power solution for a wide range of applications. Aura has announced mobile power solutions at different power levels, including 6.5 kW, 10 kW, and 15 kW systems for vehicle and other mobile platforms, as well as work on higher-power axial flux induction motors for electric vehicle applications.
Applications and Use Cases
Aura Systems describes multiple application areas for its technology. Its AuraGen® mobile power systems have been used in bucket and boom truck applications, where the systems provide electrical power for equipment such as electrically powered bucket systems. The company has reported long-term use of its technology by commercial customers in these applications.
In the defense and military domain, Aura has announced mobile power solutions integrated with military vehicle platforms. For example, the company has disclosed an exclusive distribution agreement for its 10 kW AuraGen® mobile power application to be used on various models of Polaris ultralight tactical MRZR vehicles and derivatives. Aura has also reported completing installation of a 15 kW mobile power solution for military vehicle applications, combining its military-grade AuraGen® generator with an advanced electronic control unit (ECU).
The company has indicated that its technology is also being configured for applications requiring combinations of AC and -48V DC power, such as telecom uses including powering cell towers. Aura has referenced additional potential applications in areas such as electric micro-mobility, electric vehicles, water pumps, and other mobile electrification uses, all based on its axial flux induction and AuraGen® platforms.
Engineering Focus and Development History
Aura Systems reports that it was founded in 1987 by a team of scientists and engineers as a defense industry think-tank. During the Cold War, the company states that it collaborated with major defense contractors and with the military on a variety of classified and non-classified skunkworks programs sometimes described as "Star Wars" projects. This background in defense-related research and development is presented as the foundation for its later commercial power and motor technologies.
The company has highlighted a renewed focus on engineering since shareholders brought in new management in mid-2019. Aura attributes recent product rollouts and design upgrades to increased investment in engineering personnel and tooling. It has described reimagined ECU designs that incorporate silicon carbide MOSFETs and updated processors, as well as new and smaller ECU configurations for different power levels.
Headquarters and Operations
Aura Systems has stated that it relocated to a facility in Lake Forest, California, which it describes as a stand-alone secure building fully occupied by the company. According to the company, this facility is suited to its work as a developer of axial flux induction motors and generators that do not use rare earth or other permanent magnets, and it supports advanced engineering developments for multiple mobile electrification applications.
In its SEC filings, Aura Systems identifies its principal executive office as being located in Lake Forest, California. The company continues to file periodic reports with the U.S. Securities and Exchange Commission, including notifications of late filing for certain quarterly reports, in which it has cited the need for additional time to finalize financial statements due to limited labor resources or challenges in integrating acquired business units and reconciling accounting records.
Corporate and Strategic Background
Aura Systems has described itself as having a long-standing relationship with defense and technology sectors through its historical collaborations and advisory relationships. The company has announced the addition of senior technical and strategic personnel, including a chief scientist with extensive experience in electrical machines design and production and strategic advisors with backgrounds in defense research and development and technology investment.
The company has also reported the resolution of legacy litigation related to loans and warrants claimed by a former director and associated entities. According to Aura, this settlement resolved all claims without any admission of fault or liability by the company and established a schedule of payments and warrant issuances under agreed terms.
Stock and Regulatory Context
Aura Systems’ common stock trades under the symbol AUSI on the over-the-counter market. The company files reports with the SEC under the Securities Exchange Act of 1934. In recent notifications of late filing on Form 12b-25, Aura has indicated that it expects to file delayed quarterly reports within the extension periods allowed by SEC rules and has stated that it does not anticipate significant changes in results of operations from the corresponding periods of the prior year, based on those filings.
Key Themes for Investors
According to the company’s public statements, several themes are central to Aura Systems’ identity:
- Axial Flux Induction technology that avoids rare earth and other permanent magnets.
- Mobile power and motor applications through the AuraGen® product family.
- Defense and industrial heritage rooted in Cold War-era research collaborations.
- Global deployment of AuraGen® systems in more than 20 countries, including use by large corporate and military customers.
- Ongoing engineering investment in higher power density and efficiency for motors, generators, and ECUs.
All of these points are drawn from Aura Systems’ own press releases and SEC filings, and they summarize how the company describes its business, technology, and market presence.