The Company recognizes there is room to improve based on the confidence of this adapted strategy. MARKET POSITION AND DEVELOPMENT, AND IMPACT OF THE COVID-19PANDEMIC. During his first month as Chief Executive Officer, Kevin Dodds has been focused on the integration of BT Imaging Find out how to get top quality hair transplant at an affordable price. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. These so-called solar maximums occur roughly every 11 years, and they haven't been much of a problem in the past. There are any number of things you could build, but will they all make a significant difference in our clients lives? Aurora's non-contact, high throughput DMTM and TCMTM products use proprietary patented technology, based on the principles of infrared spectroscopy sensing to measure the properties of the afore-mentioned solar cell chemical layers as they are deposited and thermally annealed. Insight analyses the large volume of data available from the sequence of finished solar cells in a production line and reveals the links between unwanted variations in their quality parameters and the controllable factors than can reduce such. The plasma, which is made of charged particles, boils toward the surface, cools down, and sinks back toward the core again. We believe that solar power will be a dominant element in the renewable energy field, and our mission is to bring quality and profitability to every customer through superior control of critical processes during solar cell manufacturing. We would have no business, and would not be able to accomplish our mission without our customers. The BBC reported that auroras were seen in the southern UK on Sunday night and that more were expected in the coming days. Email. Aurora's Australian subsidiary, BT Imaging Pty Ltd, founded in 2007, has a 15 year-history of servicing top tier solar cell and cell manufacturers who supply the majority of the world's production, based on market leadership with its advanced photoluminescence-based quality assurance imaging tools. Ltd. ("BTi"), a global leader in photoluminescence (PL) imaging tools and instruments for PV material inspection and quality control. Aurora and BTi together focus on top-tier manufacturers of PV products who value the benefits of integrated measurement and process control systems and who have known capacity expansion plans. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Gordon continues to support the commercialization of the Company's Insight platform along with the combined business product and market strategy in TSXV - TSXV Real Time Price. They believe that solar power will dominate the renewable energy field, and their mission is to bring quality and profitability to every customer through superior control of critical processes during solar cell manufacturing. Its proprietary measurement and modeling technologies help. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. The Company also announces stock option grants to directors, officers and consultants totaling 3,700,000 options exercisable at $0.11 for a five-year term. The sun is entering a period of peak activity that will last several years, an expert said. If youre looking for a mission-driven company where your work will have an impact on a truly global scale, join us and well do it together. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. as well as other partner offers and accept our. New Energy jobs added daily. The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. Aurora Solar Technologies 's ( ACU) Relative Strength Index (RSI) is 35.04, creating a Neutral signal. The sun itself might be erupting in more beautiful formations. Create a highly accurate solar design without having to visit the site, saving time and money during the quoting process. Leverage your professional network, and get hired. North Vancouver, British Columbia--(Newsfile Corp. - August 26, 2022) - Aurora Solar Technologies Inc. (TSXV: ACU) ("Aurora", the "Company") is pleased to announce that the acquisition of BT Imaging Pty Ltd. (the "Acquisition") (please refer to the Company's news releases dated March 3, 2022, May 31, 2022, July 5 and July 28, 2022) has been completed effective August 25, 2022 in Vancouver, Canada and August 26, 2022 in Sydney, Australia. The Aurora and BTi businesses are well placed to take advantage of these market trends. Currency in CAD. "It was the smallest we'd had for about a hundred years," Owens said, adding, "The danger of going from a small cycle to a slightly bigger one is that you then realize where all the vulnerabilities are.". is to bring quality and profitability to every customer through superior measurement, visualization and control of critical processes during solar cell manufacturing. This means the sun will produce more solar flares, or powerful bursts of energy. With each decade, we become more dependent on electrical infrastructure, he said. Aurora Solar Technologies Overview Work Here? North Vancouver, British Columbia--(Newsfile Corp. - November 2, 2022) - Aurora Solar Technologies Inc. (TSXV: ACU) ("Aurora", the "Company") is pleased to provide an update regarding the integration of the acquisition of BT Imaging, a renewed focus to commercialize the Company's InsightTM data science product and the strategic direction for the united combined business. We exist to support the worlds transition to solar at scale. Auroras products are designed specifically for inline applications in the PV manufacturing industry. Products - Aurora Solartech Products DM and TCM Instruments Non-contact measurement of key wafer properties accurately and reliably at full production speeds The DM sensors use safe infrared light to measure key properties of crystalline silicon photovoltaic (PV) wafers. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Aurora Solar Technologies, Inc. provides inline measurement, visualization, and control systems for the photovoltaic product manufacturing industry. An invigorated organizational structure has been implemented which includes the appointment of Chao (Hunter) Shen as General Manager of BT Imaging with profit and loss responsibilities, Tricia Pederson as Chief Financial Officer with corresponding operational responsibilities, and Sal Sanci in charge of Technology and Development with corresponding operational responsibilities. These forward-looking statements are made as of the date hereof. We want you to get the best possible results from our products. Aurora's products are designed specifically for inline applications in the PV manufacturing industry. The Company's capital markets strategy is being updated to support organic growth and inorganic opportunities. Get the ev to assets ratio charts for Aurora Solar Technologies (AACTF). In silicon wafer production, BTi's R's series products are used to determine optimal wafer slicing locations in each ingot by sensing the extent and locations of impurities that can affect finished cell performance. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. North Vancouver, British Columbia-- (Newsfile Corp. - October 4, 2022) - The Board of Directors of Aurora Solar Technologies Inc. (TSXV: ACU) ("Aurora", the "Company") announced today that. During his first month as Chief Executive Officer, Kevin Dodds has been focused on the integration of BT Imaging and re-energizing the Aurora technical and operational teams based on a corporate culture of accountability and respect. BTi's R and W series products are used to verify the material effects of these processes on partially or wholly finished cells. From the first impression to project installation, with Aurora, you can provide a personalized solar customer experience that is uncomplicated. Aurora Solar Technologies 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7 Click to show company phone To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142681, https://www.newsfilecorp.com/release/142681, UPDATE 1-UK says Ukraine forces under increasingly severe pressure defending Bakhmut, Ukraine Latest: Russian Defense Chief Makes Rare Visit to Troops, In Britain, warm hubs emerge to beat soaring energy costs, INSIGHT-Before fatal collapse, Turkish building had skirted code thanks to Erdogan policy, In Chicago, adapting electric buses to winters challenges. The Company was incorporated under the laws of the Province of British Columbia, Canada on 26 October 2006 as Pulse Capital Corp, a capital pool company. Aurora Solar Technologies Inc. Mailing Address: 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7: Head Office Address: 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7: Contact Name: Gordon Deans: Principal Regulator: British Columbia: Business e-mail address: info@aurorasolartech.com: Aurora's website is located at www.aurorasolartech.com. We can keep accelerating solar growth, together. North Vancouver, British Columbia--(Newsfile Corp. - November 2, 2022) - Aurora Solar Technologies Inc. (TSXV: ACU) ("Aurora", the "Company") is pleased to provide an update regarding the integration of the acquisition of BT Imaging, a renewed focus to commercialize the Company's InsightTM data science product and the strategic direction for the united combined business. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com But as SpaceX and NASA aim to ramp up missions in the coming years, they'll need to prepare for solar storms the issue is that there's no good way to shield astronauts in space, Owens said. Claim your Free Employer Profile. Further details for this event and instructions for participating will be provided in early September. All other material transaction terms remain unchanged. There can be no assurance that forward- looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. A copy of this Management Discussion and Analysis ("MD&A") will be provided to any applicant upon request. Aurora is an inline solar cell measurement equipment specialist. Do it for Jared. Claim your Free Employer Profile Website: www.aurorasolartech.com Headquarters: North Vancouver, Canada Size: 51 to 200 Employees Type: Contract Revenue: Unknown / Non-Applicable Competitors: Unknown Aurora Solar Technologies Reviews 5.0 5.0 Former Employee "Great company" Aurora is purchasing a proven business with a strong product brand, synergetic operational execution capability, institutional ownership and strategic relationships including the University of New South Wales School of Photovoltaics and Renewable Energy Engineering, a global center of excellence in photovoltaic industry. The concurrent non-brokered private placement announced on July 5, 2022 to support this Acquisition has also been completed with net proceeds of $1,146,625 received. By the end of March 2023, the combined business is expected to benefit from realized synergies combined with compelling revenues and margins with the objective of being on a cash flow run rate that is neutral to positive. We value your teammates and the different perspectives they bring and respect, and celebrate our differences. AACTF Aurora Solar Technologies Inc 1,127 $0.0392 $0.0027 (7.40%) Today $0.00 0.00 (0.00%) After Hours Market Cap $8.67M They are found in industrial facilities and virtually all major research institutes throughout Asia, Europe and North America. "If you are trying to send a crew to the moon or Mars, you really need to worry about these things, because that is a serious, potentially fatal radiation dose," Owens said. Aurora Solar Technologies 's ( ACU) Trend Strength Indicator (ADX) is 31.32, creating a Neutral signal. Today's top 113 Energy jobs in Mlaga, Andalusia, Spain. As the sun's local magnetic fields get more tangled and crash into each other, they can explode. "Aurora Solar currently deals with approximately fifteen of the largest solar manufacturers in the world and they ran a beta product and the customer who's running the beta basically said,. The Company has issued 11,650,000 units (the "Units") at the price of $0.10 per Unit for gross proceeds of $1,165,000. These solar cells are then wired together (typically in groups of 60 or 70 cells) and framed to form modules. Aurora Solar was named Rising Star Company. In addition, the combined business is beginning to show signs of diversification with a new Insight evaluation deployed last week in Malaysia with one of the world's largest PV manufactures. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. As the combined company integrates and develops it will be increasingly well placed to diversify its business through its market and product strategy, technology development and value enhancing transactions with an objective to grow beyond market opportunities in China. The Company follows the orders and recommendations of relevant government health authorities in its operational jurisdictions and continues to evolve operational procedures as required. Auroras momentum has picked up over the last few years, right alongside solar. This can trigger some bizarre phenomena. Turkey might be just the right place to go. Dont stay static, dont stagnate. If the currents flood the electrical grid, they can blow up transformers. Auroras. Message. These new common shares shall be subject to escrow conditions and released in three tranches on December 26, 2022, June 25, 2023 and December 25, 2023 in the amount of 20,032,003, 21,468,674, and 21,468,674 common shares, respectively. We work together to achieve a common goal, not for individual objectives. Aurora Solar Technologies Inc. published this content on 01 March 2023 and is solely responsible for the information contained therein. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. Phone. 100% free, no signups. It was important to inject energy and direction to the Insight product with a renewed focus on product readiness and commercial validation. Aurora makes it smoother for everyone to switch to solar energyby transforming the way projects are designed, sold, and delivered. The following information should be read in conjunction with the unaudited Condensed Interim Consolidated Financial Statements of Aurora Solar Technologies Inc. ("the Company", or "Aurora") for the nine and . One of the first decisions made was to combine global sales teams and to wind down Aurora's Chinese operations placing the commercial responsibility for the Insight product with BT Imaging in Sydney and Shanghai under a revised organizational structure. Those currents in our upper atmosphere interact with the particles in the ground. Average salaries for Aurora Solar Technologies Director Of Technology: $165,000. These and other factors should be considered carefully, and thus, readers should not. All rights reserved. This decision has delivered intended benefits beyond obvious cost savings. North Vancouver, British Columbia-- (Newsfile Corp. - November 2, 2022) - Aurora Solar Technologies Inc. (TSXV: ACU) (" Aurora ", the " Company ") is pleased to provide an update regarding the. BTi, a private Australian company, is an established leader in photoluminescence (PL) imaging tools for PV material inspection and quality control during production, and for laboratory use during product development. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. The sun is about to get more active than it has for a decade and it could lead to power outages, grounded flights, and stunning auroras. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. T O O UR S HAREHOLDERS . products are used by some of the worlds most advanced and respected solar cell manufacturers. The rays can change the magnetic fields in the ionosphere, which can affect GPS signals that have to pierce through that layer to reach Earth. View Products Services We want you to get the best possible results from our products. Forward-looking statements reflect current expectations of management regarding future events and operating performance as of the date of the MD&A. Dont accept the status quojust because it is, doesnt mean it has to be. Aurora is acquiring accretive earnings through additive annual sales of approximately $10,000,000 Canadian dollars, that generates positive cash flow and has about $5,000,000 Canadian dollars of working capital. "They missed it purely by chance, and it could have been fatal for the astronauts at the time," Owens said. As such the combined business has sales and technical service facilities in China with sales, product development and technical support in Sydney, Australia and Vancouver, Canada. The total consideration issued by Aurora to BTi shareholders for this Acquisition was 62,969,351 common shares and $1,205,310 in cash. That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun. In the drive to Grid Parity, their unique products, built into the . While in Australia, Kevin also met with various new institutional shareholders resulting from the BT Imaging acquisition to reaffirm their support for the combined business and its adapted strategy to drive growth. But a huge geomagnetic storm heading toward Earth a storm so big it would "probably give us aurora down to the equators" could cause several transformers to go at once, or overwhelm other transformers that could then blow up, knocking out the whole grid, Owens said. Equally important it will allow for new features that increase Insight's value and extend its importance as the core operational tool for production process optimization and control. NASA's Parker Solar Probe, for instance, is heading for the sun and is likely to provide unprecedented images and exciting new data in December. A single solar panel can cost around 400 euros to install, but obviously, this may vary depending on the size and type of system. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. By clicking Sign up, you agree to receive marketing emails from Insider This discussion covers the nine and three months ended 31 December 2022 and 2021 and the subsequent period up to the date of the issuance of this MD&A. Aurora's products are used by some of the world's most advanced and respected solar cell manufacturers. Glassdoor gives you an inside look at what it's like to work at Aurora Solar Technologies, including salaries, reviews, office photos, and more. 14 weeks of parental leave at 100% base salary. Granted, radio signals are much less important to basic communications today. Forward-looking statements relate to future events or future performance and reflect the Company's current estimates and expectations or beliefs regarding future events and include, without limitation, information or statements concerning the Company's expectations of financial resources availability to fund operations; general business and economic conditions; the Company's ability to successfully execute its plans and intentions; the Company's ability to obtain financing at reasonable terms though the sale of equity and/or debt commitments; dependence on a small number of key personnel; the Company's ability to attract and retain skilled staff; political instability; market competition; future supply, demand, inventory, production and price of products; the timing and amount of estimated future production; costs of production; government regulation operations, limitations of insurance coverage; the timing and possible outcome of pending litigation; delays in obtaining governmental approvals or financing or in the completion of development activities; the impact of Covid-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business; and the ability of the Company to continue as a going concern. In solar cell research and design applications, conducted in academic, government and industrial laboratories throughout the world, BTi's R series products are used to inspect and characterize wafer materials, examine experimental and pilot production design results, and verify electrical performance for comparison to design objectives. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. 100% Clean Energy for California: What SB 100 Means for Distributed Solar, 11 Clever Solar House Designs from the U.S. Department of Energy Solar Decathlon 2017, Decoding the Solar Buyer: Insights from Auroras 2021 Homeowner Research, The Big Book of Solar Software Must-Haves, Raising a Series D to Gear Up For Solars Extraordinary Growth, Sunrise Sessions: Uniting Solar Design and Sales. Headquarters. Copyright 2023 Surperformance. Aurorans, solar professionals, society at largewe are all in this together. Aurora Solar Technologies Inc. Reports Earnings Results for the Third Quarter and Nine .. Aurora Solar Technologies Inc. Reports Earnings Results for the Second Quarter and Six .. Aurora Solar Technologies : Corporate Update, Aurora Solar Technologies Inc. We have to make our customers more productive in their jobs, understanding that doing so adds value to society. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China, and partners in all major solar manufacturing markets. Scientists are also learning more and more about our sun. At the end of October, BT Imaging held its first board meeting and management operations review since the acquisition. Last Name. For further information. Aurora's website is located at www.aurorasolartech.com. Stifel GMP acted as Aurora's financial advisor on this transaction and will receive 2,500,000 common shares issued at a deemed price $0.10 per share. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The combined business's core expertise in process control and understanding of solar manufacturing techniques, and its ability to collaborate with customers and to attract enabling technologies, places the Company in a strong position to pursue emerging opportunities within North America, Australia and/or Europe. This business combination is expected to accelerate Aurora's growth by combining BTi's quality control tools with Aurora's InsightTM data science platform. Stay up to date with what you want to know. Take the time you need for the moments that matter. In Australia, there is strong policy and investment support for solar and renewable energy with UNSW's School of Photovoltaic and Renewable Energy Engineering recognized as a global center of excellence. The Company sends its condolences to David's family and his friends and it will remember to tackle business with enthusiasm, dedication and hard work; the same way as David did in life. On behalf of the Company, we would like to recognize the contributions of David and his energy and guidance will be missed. -, Aurora Solar Technologies Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. First Name. The Acquisition, the concurrent financing and stock option grant has been approved by the board of directors of Aurora. Performance of finished modules is largely determined by the wafer material quality, the cell design and manufacturing quality control, and the module assembly quality control. We're starting to see some of the effects of these solar flares. Aurora Solar Technologies develops, manufactures and markets inline quality control systems for the solar cell manufacturing industry. BTi was incorporated in 2007 in the State of New South Wales, Australia as a private limited company to commercialize imaging technology originally developed at the University of New South Wales School of Photovoltaic and Renewable Energy Engineering. We believe that solar power will dominate the renewable energy field, and our mission is to bring quality and profitability to every customer through superior control of critical . Dont take things for granted and challenge assumptionsincluding your own. (www.sedar.com). Discussion of the Company, its operations and associated risks are further described in the Company's filings, available for viewing at www.sedar.com.