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. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. ENF Solar is a definitive directory of solar companies and products. Due to advancements in solar energy technology, the . With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China and partners in all major solar manufacturing markets. 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. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. Aurora Solar is a fast growing technology company that enables solar professionals to remotely design and sell solar and storage projects. (, 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. 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. Baker McKenzie LLP acted as Aurora's legal advisor on this transaction. On 4 October 2022, the Company announced that Gordon Deans retired as the President and CEO of the Company; Mr. Deans will remain a member of the Board of Directors of the Company. Get the ev to assets ratio charts for Aurora Solar Technologies (AACTF). 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. All content is posted anonymously by employees working at Aurora Solar Technologies. That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun. Discussion of the Company, its operations and associated risks are further described in the Company's filings, available for viewing at www.sedar.com. Announces Passing of Board Member, David Robinson, Aurora Solar Technologies Corporate Update Regarding Leadership, Aurora Solar Technologies Inc. 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. place undue reliance on the Company's forward-looking statements. Dont take things for granted and challenge assumptionsincluding your own. Energy and charged particles from the sun are then ejected into space. 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. Certain statements contained in this MD&A may be deemed to be "forward-looking statements". 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. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. These forward-looking statements are made as of the date hereof. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. 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 is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com 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. 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. A single solar panel can cost around 400 euros to install, but obviously, this may vary depending on the size and type of system. Owens said that if the 1859 solar storm were to happen today, we'd be "far more susceptible.". Check out our video and blog highlighting the phenomenal growth of solar and how Aurora empowers homeowners with a new energy experience. What are co-workers like at Aurora Solar Technologies. 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. Perovskite cells hold promise to enhance photovoltaic deployment in a wide range of applications, such as powering vehicles and boats. Dont accept the status quojust because it is, doesnt mean it has to be. Aurora Solar Technologies 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7 Click to show company phone As the sun's local magnetic fields get more tangled and crash into each other, they can explode. We want you to get the best possible results from our products. Aurora's and BT Imaging's products are used by some of the world's most advanced and respected solar cell manufacturers. Our products provide rapid payback, with ongoing profitability for our customers. The sun also lets off radioactive material called solar energetic particles that can be dangerous to astronauts. "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,. Not an offer or recommendation by Stocktwits. These so-called solar maximums occur roughly every 11 years, and they haven't been much of a problem in the past. Physicists predict that this cycle will not be the biggest we've ever seen, and we're getting better at spotting storms to be able to prepare for them. In the drive to Grid Parity, their unique products, built into the . 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. The sun is a big ball of plasma, heated at its center. And when you do, build it well. "And they're nearly always there, but they become very much stronger when we've got a geomagnetic storm going on.". 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. Let's deliver a new energy experience, one with the simplicity and predictability of a sunrise. Discover what makes the Aurora platform the most accurate, profitable waytodeliver every stage of the solar product lifecycle. But if the radiation hits an astronaut in outer space, it can be very dangerous, Owens said. Create a proposal with personalized, permit-quality accuracy with just an address and an electric bill. That energy can affect communication by messing with the ionosphere, a layer of charged particles in our upper atmosphere. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. All amounts are expressed in Canadian dollars, unless otherwise indicated. Email. "They missed it purely by chance, and it could have been fatal for the astronauts at the time," Owens said. Further details for this event and instructions for participating will be provided in early September. Access your favorite topics in a personalized feed while you're on the go. 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. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis, and control systems for solar cell manufacturers. This business combination is expected to accelerate Aurora's growth by combining BTi's quality control tools with Aurora's InsightTM data science platform. Attaining "Grid Parity" with fossil fuel energy sources is the solar industry's most urgent and important challenge. Announces Chief Executive Officer Changes, Aurora Solar Technologies Inc. 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. 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. 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. 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. 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. If the currents flood the electrical grid, they can blow up transformers. 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. Auroras products are designed specifically for inline applications in the PV manufacturing industry. Our solar platform transforms the process of designing, selling, and delivering projects. With each decade, we become more dependent on electrical infrastructure, he said. Its proprietary measurement and modeling technologies help. 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" MARKET POSITION AND DEVELOPMENT, AND IMPACT OF THE COVID-19PANDEMIC. Aurora's website is located at www.aurorasolartech.com. New Energy jobs added daily. On 11 March 2020, the coronavirus outbreak ("Covid-19") was declared a pandemic by the World Health Organization. Aurora Solar Technologies 's ( ACU) Trend Strength Indicator (ADX) is 31.32, creating a Neutral signal. Information is checked, categorised and connected. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. as well as other partner offers and accept our. Headquarters. 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. Medical, Dental, and Vision plans are 100% covered. Phone: +1 (778) 241 5000 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. 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. Image: Aurora Solar Technologies Inline solar cell measurement equipment specialist Aurora Solar Technologies (AST) has. 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. 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. 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. 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. 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. The sun is much more likely to throw energy our way during its maxima. View Products Services We want you to get the best possible results from our products. Based in North Vancouver, British Columbia. Aurorans, solar professionals, society at largewe are all in this together. The solar or photovoltaic ("PV") energy industry is relatively young, fast-growing, and evolving in importance within the energy sector. 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. Finally, it is with deep sadness that the Company reports the passing of David Robinson who was a recent addition to the board. Glassdoor gives you an inside look at what it's like to work at Aurora Solar Technologies, including salaries, reviews, office photos, and more. Your customers get a premium experience and you save time. That could cause problems for air travel. A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. So far, we've been lucky. And the latest solar cycle, which peaked around 2010, was particularly quiet and may have lulled us into a false sense of security. Two Apollo crewed missions narrowly escaped a huge solar storm in August 1972: Apollo 16 had landed back on Earth in April, while Apollo 17 launched in December. (, Product Directory Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. Additional roles may be added at the technical, operational and board level to advance the business in its three locations, Vancouver, Sydney and Shanghai.