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Discussion of the Company, its operations and associated risks are further described in the Company's filings, available for viewing at www.sedar.com. "They missed it purely by chance, and it could have been fatal for the astronauts at the time," Owens said. The sun may be waking up after almost a decade of relative calm, scientists say and that could cause problems on Earth. Attaining "Grid Parity" with fossil fuel energy sources is the solar industry's most urgent and important challenge. Aurora Solar Technologies Inc Stock - AACTF Share Price Today, News and Discussion ATNM 7.08% 0.42% KRL.X 0.03% More Advertisement 3rd Party Ad. Due to advancements in solar energy technology, the . These so-called solar maximums occur roughly every 11 years, and they haven't been much of a problem in the past. Announces Passing of Board Member, David Robinson, Aurora Solar Technologies Corporate Update Regarding Leadership, Aurora Solar Technologies Inc. Aurora Solar Technologies is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. With each decade, we become more dependent on electrical infrastructure, he said. Aurora Solar is a fast growing technology company that enables solar professionals to remotely design and sell solar and storage projects. This is the Aurora Solar Technologies company profile. As these geomagnetic storms crash into the ionosphere, they can make auroras shine big and bright. Humans on Earth are shielded from that radiation, as most of it bounces off the ionosphere and the rest is absorbed by the atmosphere. Aurora Solar Technologies 's ( ACU) Relative Strength Index (RSI) is 35.04, creating a Neutral signal. There isnt a better time to join solar. A URORA S OLAR T ECHNOLOGIES I NC.. Canadian Dollars F OR THE N INE AND T HREE M ONTHS E NDED 31 D ECEMBER 2022 A ND 2021. This acquisition broadens the combined business by product and its process control systems capability along with diversifying sales by customer, product and geographic region. Here are some solar technologies in 2022 that we're keeping an eye on. Granted, radio signals are much less important to basic communications today. Perovskite Cells Perovskite cells are flexible, lightweight, and low-cost solar cells made using perovskite and organic materials. Aurora Solar Technologies Inc. develops and markets inline measurement, visualization and control systems for the photovoltaic manufacturing industry. Copyright 2023 Surperformance. Owens said that if the 1859 solar storm were to happen today, we'd be "far more susceptible.". Aurora Solar Technologies 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7 Click to show company phone We can keep accelerating solar growth, together. Aurora Solar Technologies, Inc. provides inline measurement, visualization, and control systems for the photovoltaic product manufacturing industry. Aurora Solar's platform uses computer vision to help solar companies rapidly design systems tailored to customers' specific needs. 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 three months ended 31 December 2022 and 2021, and the related notes attached thereto, which were prepared in accordance with International Financial Reporting Standards ("IFRS"). "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.". Engage homeowners with an instant, personalized 3D solar estimate that builds your brand credibility and makes you stand out from the rest. Distributed by Public, unedited and unaltered, on 01 March 2023 22:19:16 UTC. Auroras. The bright light of a solar flare on the left side of . We work together to achieve a common goal, not for individual objectives. 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. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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. Those currents in our upper atmosphere interact with the particles in the ground. A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. Find those that will, and focus on what truly matters. (, Aurora Solar Technologies Announces Repeat Volume Orders, Aurora Solar Technologies Announces Order from Chinese Solar Cell Manufacturer, By using the ENF website without adjusting your cookies settings, you agree to our use of cookies as described in our, 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7. as well as other partner offers and accept our. In context of the Covid-19 pandemic, both BTi and Aurora continue to place a high priority on the health and safety of its employees and their families. If you believe there is a better way to do it, speak up! Claim your Free Employer Profile. 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 . Email. Auroras products are designed specifically for inline applications in the PV manufacturing industry. The Company is pleased to confirm that the business is performing well and is on track to achieve its fiscal June 2022 financial and operational targets including, approximately C$10,000,000 in sales, profitability, and cash flow positive. The total consideration issued by Aurora to BTi shareholders for this Acquisition was 62,969,351 common shares and $1,205,310 in cash. "The aurora oval that sits up over the northern and southern poles is a result of currents flowing in the Earth's atmosphere," Owens 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. 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. Currency in CAD. Get the ev to assets ratio charts for Aurora Solar Technologies (AACTF). This means the sun will produce more solar flares, or powerful bursts of energy. NASA spotted a rare polar vortexthis month. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com Changes wont be saved until you sign up for an Enhanced Profile subscription. 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. All statements in this discussion other than statements of historical facts, that address future events or developments that the Company expects, are forward-looking statements. In the drive to Grid Parity, their unique products, built into the . Tons of financial metrics for serious investors. So far, we've been lucky. We know we can always do better, and we strive to do so every day. Get the latest stock price for Aurora Solar Technologies Inc. (ACU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. FOR THE NINE AND THREE MONTHS ENDED 31 DECEMBER 2022 AND 2021, Market Position and Development and Impact of the Covid-19 Pandemic, Highlights, Significant Events And Transactions During The Period, Significant Events and Transactions Subsequent to the Period End, Liquidity and Financial Condition of the Company. The Company's objective for this new Insight evaluation is to obtain technical acceptance within sixty days of deployment together with a commercial arrangement secured to confirm product viability. Turkey might be just the right place to go. Additional information about the Company, including the audited annual Consolidated Financial Statements, and the notes thereto, for the years ended 31 March 2022 and 2021, prepared in accordance with IFRS, can be found on SEDAR at www.sedar.com. We've grown our team by 8X, our solutions are used by 90% of the top U.S. residential solar contractors, and we've been globally recognized Real Leaders Impact Award 2022, Forbes AI 50 2022, Inc. 5000 2021, and S&P Global Platts' 2020 Rising Star Company. And when you do, build it well. 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. CAPTCHA. "Space weather can ground flights," Owens said, adding that the Federal Aviation Administration "won't allow flights if they don't have both radio and satellite communications.". Currently, the most common household size is a 4kW solar panel system, which costs approximately 6,500 euros and will take up around 29 square meters of your roof. variations. Dont take things for granted and challenge assumptionsincluding your own. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. Read through customer reviews, check out their past projects and then request a quote from the best solar panel installation companies near you. A 2023 study looking at flight records over 22 years found that planes were 21% more likely to be delayed by at least 30 minutes when the sun was very active. Explore how you can get involved / how we can work together. The Company's leadership is evolving following the acquisition of BT Imaging and is the beneficiary of a young, technically smart and motivated team. We are a remote first team with office options too. One damaged transformer won't cause much of an issue. 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. The Company's December 2022 quarter will be the first consolidated one after the cost intensive September quarter that includes large one-time acquisition costs. "Our adverts are very targeted (inverter manufacturer advert on inverter category etc.) Keep asking questions and keep challenging yourself. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. BTi brings a powerful brand, a world-class complementary product line and delivery team, and deep industry knowledge and strategic relationships such as with the University of New South Wales", said Gordon Deans, Aurora's President and CEO. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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. There are any number of things you could build, but will they all make a significant difference in our clients lives? Solar is among the fastest growing electricity sources worldwide, and has consistently taken the first or second spot for adding the most new electricity to the U.S. grid. 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 . ", Solar Trade Platform and Directory of Solar Companies, Company Directory Radio signals sent from Earth also need to bounce off the ionosphere to get from one point to the other that's less efficient in rough space weather. "We are delighted to have completed this important acquisition, as a key element of our growth and market development strategy in process control and yield management solutions for the PV industry. All content is posted anonymously by employees working at Aurora Solar Technologies. Move fast and scale your sales and design operations with powerful artificial intelligence. The Company, together with its subsidiaries, develops and markets measurement and quality control systems for laboratory characterization and manufacturing quality assurance in the solar wafer and cell manufacturing industries. Check out our video and blog highlighting the phenomenal growth of solar and how Aurora empowers homeowners with a new energy experience. Last Name. 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. A single solar panel can cost around 400 euros to install, but obviously, this may vary depending on the size and type of system. The sun is much more likely to throw energy our way during its maxima. 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. We're starting to see some of the effects of these solar flares. The solar storms that rage on our star during its active period create bursts of electromagnetic energy that can affect everything from the power grid to GPS signals. 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. 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. A copy of this Management Discussion and Analysis ("MD&A") will be provided to any applicant upon request. The solar or photovoltaic ("PV") energy industry is relatively young, fast-growing, and evolving in importance within the energy sector. Wafer and cell forms and configurations have all changed, with continually increasing sizes and performance demands. Your customers get a premium experience and you save time. That's when the solar maximum happens. The volume and breadth of PV manufacturing have increased dramatically over recent years, right across the industry, and the pace of change is not slowing with new government initiatives recently announced in Australia, North America, and Europe. Energy and charged particles from the sun are then ejected into space. The Company recognizes there is room to improve based on the confidence of this adapted strategy. This decision has delivered intended benefits beyond obvious cost savings. To bring these products together as a system, Aurora's InsightTM, is a new proprietary "data science" software platform that extends the combined company's product portfolio to provide plant-wide smart factory monitoring by translating measurements into actionable information to improve manufacturing performance. 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. Aurora's website is located at www.aurorasolartech.com. Before you hire a solar panel installation company in Vlez-Mlaga, Andalusia, shop through our network of over 7 local solar panel installation companies. 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. They allow process engineers and production-line operators to rapidly detect and correct process excursions, material faults and optimize processes, thereby increasing our customers throughput, yield and profit. Message. For further information. Weve grown our team by 8X, our solutions are used by 90% of the top U.S. residential solar contractors, and weve been globally recognized Real Leaders Impact Award 2022, Forbes AI 50 2022, Inc. 5000 2021, and S&P Global Platts 2020 Rising Star Company. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. Aurora Solar Technologies Inc. published this content on 01 March 2023 and is solely responsible for the information contained therein. 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7 Canada. All amounts are expressed in Canadian dollars, unless otherwise indicated. 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. 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. Its technology improves solar cell efficiency . 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. The sun is entering a period of peak activity that will last several years, an expert said. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. 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. Software Engineer, Computational Scientist, Product Marketing Manager, Competitive Intelligence. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. 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. If youre reading this, you probably agree. Leading solar companies depend on Aurora to outpace the industry. 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. Medical, Dental, and Vision plans are 100% covered. Based in North Vancouver, British Columbia. The address of the Company's corporate and administrative office and principal place of business is #100 - 788 Harbourside Drive, North Vancouver, BC, V7P 3R7. Aurora Solar Technologies Overview Work Here? The sun is a big ball of plasma, heated at its center. Aurora's website is located at www.aurorasolartech.com. In addition, Kevin met with legal, accounting, and advisory professionals who are supporting the business and met the University of New South Wales' innovation office regarding collaboration, commercialization, and technology funding opportunities. Aurora Solar Technologies 's ( ACU) Commodity Channel Index (CCI) is -196.40, creating a Buy signal. Aurora Solar Technologies salary trends based on salaries posted anonymously by Aurora Solar Technologies employees. Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. These forward-looking statements are made as of the date hereof. Headquarters. 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. place undue reliance on the Company's forward-looking statements. We believe that solar energy is key to creating a better future. Image: Aurora Solar Technologies Inline solar cell measurement equipment specialist Aurora Solar Technologies (AST) has. BT Imaging's website is located at www.btimaging.com. The only way we can achieve our dreams and goals is by working together. Many of the global government measures to contain and prevent the further spread of the virus have had a dramatic impact on the global economy in the terms of supply chain constraints resulting in adapted procedures and proactive pricing policies relating to purchasing, productions, sales and deliveries. This business combination is expected to accelerate Aurora's growth by combining BTi's quality control tools with Aurora's InsightTM data science platform. Sign up for notifications from Insider! Aurora Solar was named Rising Star Company. Certain statements contained in this MD&A may be deemed to be "forward-looking statements". A finders fee of $18,375 was paid and 183,750 finders warrant were issued which are exercisable into common shares at $0.20 for a period of one year. By placing the commercial responsibility for the Insight product inside BT Imaging, the Company will be able to improve its technical sales capability to secure potential customer orders. 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. "Then you lose refrigeration, you lose power to hospitals things get quite serious quite rapidly," Owens added. As the sun's local magnetic fields get more tangled and crash into each other, they can explode. 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. The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results to differ from those anticipated, estimated or intended. 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. 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. The vast majority of solar panels or modules seen on rooftops, streetlights and large-scale "solar energy farms" are made from purified silicon that is formed into ingots, sawn into silicon wafers and then treated to create solar cells. Further details for this event and instructions for participating will be provided in early September. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. The Aurora and BTi businesses are well placed to take advantage of these market trends. This can trigger some bizarre phenomena. Even the International Space Station is still under the protection of the ionosphere. Access your favorite topics in a personalized feed while you're on the go. We want you to get the best possible results from our products. Here's proof: Top residential US solar companies use Aurora, Infinity Energys sales teams proposal time reduction, Project Engineer, Wellspring Components LLC, Training & Development Manager, Semper Solaris, Executive Director of Sales, Semper Solaris, Director of Solar Development, Solar Energy Services, Vice President of Marketing, NY State Solar, VP of Design & Engineering at Infinity Energy. Phone. By clicking Sign up, you agree to receive marketing emails from Insider It was important to inject energy and direction to the Insight product with a renewed focus on product readiness and commercial validation. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. 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. At the end of October, BT Imaging held its first board meeting and management operations review since the acquisition. BTi's R series products are designed for laboratories and off-line production quality control and its W series products are used by silicon wafer and cell manufacturers for both in-line and off-line process control. See disclosure here. 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 will provide further details on the Acquisition and the combined business in a conference call to be held in mid-September co-hosted by Stifel and Aurora. The board has been restructured with the appointment of Kevin Dodds as Chief Executive Officer and Roger Buckeridge as a new board director and strategic advisor to Kevin. 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. BTi's W series products are also used later in wafer production or at the incoming stage of cell production for quality assurance and classification of the as-cut wafers. All securities issued pursuant to the private placement are subject to a hold period that expires on December 26, 2022. 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 and other factors should be considered carefully, and thus, readers should not. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems.