To grow the business beyond its internal resources, additional financing may be required to scale the Insight product and/or fast track diversification through acquisition, collaboration or technology development. Owens said that if the 1859 solar storm were to happen today, we'd be "far more susceptible.". We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. The interaction between these particles creates strong electrical currents that can flood infrastructure on Earth. Copyright 2023 Surperformance. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. 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"). Announces President Changes, President, Chief Executive Officer & Director. 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. BT Imaging is also diversifying with a recent product sale for a new in-line cell manufacturing application in Europe along with a first sale for a newly developed product regarding perovskite solar cells. We exist to support the worlds transition to solar at scale. 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. Aurora's website is located at www.aurorasolartech.com. During the month of October, Kevin has been in Sydney, Australia to assess BT Imaging operations, listen to employees to support culture and leadership changes and efficiently realize synergies. Turkey might be just the right place to go. "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. Perovskite cells hold promise to enhance photovoltaic deployment in a wide range of applications, such as powering vehicles and boats. ENF Solar is a definitive directory of solar companies and products. Read through customer reviews, check out their past projects and then request a quote from the best solar panel installation companies near you. 14 weeks of parental leave at 100% base salary. BTi develops and markets several material inspection and quality control tools. The data provided from these measurement products provides the means to perform real time diagnostics, control, and equipment optimization quickly and effectively. Top editors give you the stories you want delivered right to your inbox each weekday. 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. Wafer and cell forms and configurations have all changed, with continually increasing sizes and performance demands. 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. Aurora's website is located at www.aurorasolartech.com. "They missed it purely by chance, and it could have been fatal for the astronauts at the time," Owens said. See disclosure here. All amounts are expressed in Canadian dollars, unless otherwise indicated. Aurora is an inline solar cell measurement equipment specialist. 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. place undue reliance on the Company's 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. We value and celebrate great contributions, but ultimately, it is the outcome that matters. From the first impression to project installation, with Aurora, you can provide a personalized solar customer experience that is uncomplicated. Auroras. See how the latest advancements in Aurora and HelioScope are making solar sales, design and delivery easier and faster. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Its technology improves solar cell efficiency . Due to advancements in solar energy technology, the . First Name. Scientists, however, fear that our reliance on electricity and interconnectivity could mean we're far more vulnerable to their effects this time around. (www.sedar.com). New Energy jobs added daily. One damaged transformer won't cause much of an issue. 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. The sun itself might be erupting in more beautiful formations. 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. 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. Aurora Solar Technologies develops, manufactures and markets inline quality control systems for the solar cell manufacturing industry. Aurora Solar Technologies Overview Work Here? Solar flares can disrupt radio communications and electric power grids on Earth. BTi's R and W series products are used to verify the material effects of these processes on partially or wholly finished cells. These measures have had a dramatic impact on the global economy in terms of supply chain constraints resulting in adopted procedures and proactive pricing policies relating to purchasing, production, sales, and deliveries. In the drive to Grid Parity, their unique products, built into the . Dont stay static, dont stagnate. This decision has delivered intended benefits beyond obvious cost savings. 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. That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. 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. For further information. 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 Aurora and BTi businesses are well placed to take advantage of these market trends. As the sun's local magnetic fields get more tangled and crash into each other, they can explode. 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. Dont take things for granted and challenge assumptionsincluding your own. NASA spotted a rare polar vortexthis month. Sign up for notifications from Insider! We have to make our customers more productive in their jobs, understanding that doing so adds value to society. 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. Not an offer or recommendation by Stocktwits. 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. Information is checked, categorised and connected. Each Unit consists of one common share of the Company and one share purchase warrant to acquire a common share of the Company at an exercise price of $0.20 for a period of one year. Get the latest stock price for Aurora Solar Technologies Inc. (ACU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Stay up to date with what you want to know. Aurora's momentum has picked up over the last few years, right alongside solar. Aurora's website is located at www.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. 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 . This means the sun will produce more solar flares, or powerful bursts of energy. The sun is much more likely to throw energy our way during its maxima. There are any number of things you could build, but will they all make a significant difference in our clients lives? 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. Create a highly accurate solar design without having to visit the site, saving time and money during the quoting process. The solar or photovoltaic ("PV") energy industry is relatively young, fast-growing, and evolving in importance within the energy sector. "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. The BBC reported that auroras were seen in the southern UK on Sunday night and that more were expected in the coming days. "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.". Attaining "Grid Parity" with fossil fuel energy sources is the solar industry's most urgent and important challenge. 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. "And they're nearly always there, but they become very much stronger when we've got a geomagnetic storm going on.". 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. Aurora Solar Technologies Inc. is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. Dont accept the status quojust because it is, doesnt mean it has to be. Every 11 years or so, the sun becomes "convectively unstable," meaning its magnetic fields become so unstable that the magnetic north and south poles abruptly flip, throwing our star's polarity out of whack, said Mathew Owens, a professor of space physics at the University of Reading. 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. Explore how you can get involved / how we can work together. "Our adverts are very targeted (inverter manufacturer advert on inverter category etc.) 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. 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 is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. So far, we've been lucky. 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. These and other factors should be considered carefully, and thus, readers should not. 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. These forward-looking statements are made as of the date hereof. We know we can always do better, and we strive to do so every day. "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.". 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 Gordon Deans has retired as President and CEO of the Company effective as of October 1, 2022, following 13 years as a Founder and senior executive. We can keep accelerating solar growth, together. If the currents flood the electrical grid, they can blow up transformers. 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. Average salaries for Aurora Solar Technologies Director Of Technology: $165,000. 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. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. 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. Aurora Solar was named Rising Star Company. T O O UR S HAREHOLDERS . 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. Additional roles may be added at the technical, operational and board level to advance the business in its three locations, Vancouver, Sydney and Shanghai. The bright light of a solar flare on the left side of . Aurora Solar Technologies Inc. develops and markets inline measurement, visualization and control systems for the photovoltaic manufacturing industry. Auroras momentum has picked up over the last few years, right alongside solar. Aurora's website is located at www.aurorasolartech.com. 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. 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. What are co-workers like at Aurora Solar Technologies. Delayed Bourse de Toronto Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. All answers shown come directly from Aurora Solar Technologies Reviews and are not edited or altered. 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. Here are some solar technologies in 2022 that we're keeping an eye on. Ltd. ("BTi"), a global leader in photoluminescence (PL) imaging tools and instruments for PV material inspection and quality control. As the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. Phone. The sun may be waking up after almost a decade of relative calm, scientists say and that could cause problems on Earth. This changing industry landscape and the pace of developments presents ongoing opportunities for high-end process control suppliers of measurement and automated diagnostic technologies. These solar cells are then wired together (typically in groups of 60 or 70 cells) and framed to form modules. All rights reserved. planes were 21% more likely to be delayed, saw two dozen sea mines explode in the water, worst solar storm we've seen happened in 1859, auroras were seen in the southern UK on Sunday night, Two Apollo crewed missions narrowly escaped a huge solar storm. On 7 November 2011, it acquired Aurora Control Technologies Inc. through a reverse takeover and initiated its current business operations. 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. We have monthly wellness classes and workshops. 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 So far, astronauts have been lucky. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. If you believe there is a better way to do it, speak up! "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. Discover what makes the Aurora platform the most accurate, profitable waytodeliver every stage of the solar product lifecycle. Announces Passing of Board Member, David Robinson, Aurora Solar Technologies Corporate Update Regarding Leadership, Aurora Solar Technologies Inc. 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. M ANAGEMENT D ISCUSSION AND A NALYSIS . Currency in CAD. (, 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. Distributed by Public, unedited and unaltered, on 01 March 2023 22:19:16 UTC. Aurora Solar Technologies Provides an Update on Its Insight (TM) Data Science Product and Associated Strategic Initiatives Aurora Solar Technologies Provides an Update on Its Insight (TM) Data. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Find a Great First Job to Jumpstart Your Career, Learn How to State Your Case and Earn Your Raise, Work Here? 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. 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. Find those that will, and focus on what truly matters. 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. 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. All securities issued pursuant to the private placement are subject to a hold period that expires on December 26, 2022. 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. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com 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. Aurora Solar Technologies 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7 Click to show company phone Furthermore, this acquisition allows the Company to address PV silicon raw material quality control with an established product line, extend our market from PV cell manufacturing to also include R&D and quality control market segments, and provides geographical diversification. 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7 Canada. We work together to achieve a common goal, not for individual objectives. The Company's leadership is evolving following the acquisition of BT Imaging and is the beneficiary of a young, technically smart and motivated team. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. Further details for this event and instructions for participating will be provided in early September. 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. Message. That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun. With each decade, we become more dependent on electrical infrastructure, he said. Join us to create a future of solar energy for all. BTi's products are used in multiple parts of the PV supply chain -from silicon ingots and wafers, through to finished cells. 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. BT Imaging's website is located at www.btimaging.com. 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. Aurora Solar Technologies Inc. published this content on 01 March 2023 and is solely responsible for the information contained therein. 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. On November 2, 2022, the Company provided a corporate update regarding the integration of the BTi, Insight and transition plan with a focus on growth and diversification based on a leading systems approach to process control for the solar cell manufacturing derived from the synergies and complimentary products of the combined business. The sun is entering a period of peak activity that will last several years, an expert said. These so-called solar maximums occur roughly every 11 years, and they haven't been much of a problem in the past. Changes wont be saved until you sign up for an Enhanced Profile subscription. Still, a space-weather event in 1989 shows just how vulnerable we've become: A huge geomagnetic storm on March 13 cut power for 6 million people in Quebec for nine hours. (, Product Directory ", Solar Trade Platform and Directory of Solar Companies, Company Directory Aurora's products are used by some of the world's most advanced and respected solar cell manufacturers. The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. Energy and charged particles from the sun are then ejected into space. Weve outclassed our competition so you can conquer yours. 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. 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. Before you hire a solar panel installation company in Vlez-Mlaga, Andalusia, shop through our network of over 7 local solar panel installation companies. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. BT Imaging's year end (June 30, 2022) audit is nearing completion without any material issues being identified and the Company remains on track for filing its Business Acquisition Report on November 8, 2022. And when you do, build it well. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. Let's deliver a new energy experience, one with the simplicity and predictability of a sunrise. 100% free, no signups. In one example, in 1972, US military pilots flying south of Haiphong harbor in North Vietnam saw two dozen sea mines explode in the water without any apparent cause. That's when the solar maximum happens. 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. 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. Aurora Solar Technologies salary trends based on salaries posted anonymously by Aurora Solar Technologies employees. Baker McKenzie LLP acted as Aurora's legal advisor on this transaction. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. 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. They are found in industrial facilities and virtually all major research institutes throughout Asia, Europe and North America. Contact Aurora Solar Technologies. As part of the Company's renewed focus, it is now in the process of delivering an important reporting milestone for the existing Insight evaluation project in China which is the basis for negotiating a commercial outcome. 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. Granted, radio signals are much less important to basic communications today. 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.

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