The solar or photovoltaic ("PV") energy industry is relatively young, fast-growing, and evolving in importance within the energy sector. As these geomagnetic storms crash into the ionosphere, they can make auroras shine big and bright. Leverage your professional network, and get hired. Build because you should, not because you can. 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. Baker McKenzie LLP acted as Aurora's legal advisor on this transaction. We offer an extensive suite of services from measurement and control planning to system installation and post-installation support and optimization. how about disabling your ad blocker on ENF? 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. Wafer and cell forms and configurations have all changed, with continually increasing sizes and performance demands. 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 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. We have to make our customers more productive in their jobs, understanding that doing so adds value to society. 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. 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. 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. We can keep accelerating solar growth, together. Auroras products are designed specifically for inline applications in the PV manufacturing industry. That energy can affect communication by messing with the ionosphere, a layer of charged particles in our upper atmosphere. We're starting to see some of the effects of these solar flares. The only way we can achieve our dreams and goals is by working together. Claim your Free Employer Profile. 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. Today's top 113 Energy jobs in Mlaga, Andalusia, Spain. This business combination is expected to accelerate Aurora's growth by combining BTi's quality control tools with Aurora's InsightTM data science platform. Its technology improves solar cell efficiency . 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. 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 develops and markets several material inspection and quality control tools. But several industries use radio signals to back up their other communications systems in case of failure. From the first impression to project installation, with Aurora, you can provide a personalized solar customer experience that is uncomplicated. 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 is an inline solar cell measurement equipment specialist. 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. Contact Aurora Solar Technologies. Sign up for notifications from Insider! 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. The sun is a big ball of plasma, heated at its center. Announces President Changes, President, Chief Executive Officer & Director. That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. Aurora's website is located at www.aurorasolartech.com. Find those that will, and focus on what truly matters. Aurora Solar Technologies Inc. develops and markets inline measurement, visualization and control systems for the photovoltaic manufacturing industry. Certain statements contained in this MD&A may be deemed to be "forward-looking statements". 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. 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. BTi's R and W series products are used to verify the material effects of these processes on partially or wholly finished cells. All content is posted anonymously by employees working at Aurora Solar Technologies. The Company recognizes there is room to improve based on the confidence of this adapted strategy. Dont stay static, dont stagnate. 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. The data provided from these measurement products provides the means to perform real time diagnostics, control, and equipment optimization quickly and effectively. Do it for Jared. 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. Finally, it is with deep sadness that the Company reports the passing of David Robinson who was a recent addition to the board. Access your favorite topics in a personalized feed while you're on the go. 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. One damaged transformer won't cause much of an issue. 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. 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. M ANAGEMENT D ISCUSSION AND A NALYSIS . When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. Solar flares can disrupt radio communications and electric power grids on Earth. 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. Our solar platform transforms the process of designing, selling, and delivering projects. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. Auroras. 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. Aurora Solar was named Rising Star Company. 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 would have no business, and would not be able to accomplish our mission without our customers. 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. The worst solar storm we've seen happened in 1859. That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun. That could cause problems for air travel. Aurora makes it smoother for everyone to switch to solar energyby transforming the way projects are designed, sold, and delivered. Last Name. The sun also lets off radioactive material called solar energetic particles that can be dangerous to astronauts. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. as well as other partner offers and accept our. Director of Solar Development, Solar Energy Services ; We've had 4 cases where customers didn't agree with the measurements on the Aurora design that we presented virtually. 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. See disclosure here. 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. "And they're nearly always there, but they become very much stronger when we've got a geomagnetic storm going on.". By clicking Sign up, you agree to receive marketing emails from Insider Aurora's and BT Imaging's products are used by some of the world's most advanced and respected solar cell manufacturers. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis, and control systems for solar cell manufacturers. The sun is entering a period of peak activity that will last several years, an expert said. Our products provide rapid payback, with ongoing profitability for our customers. 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. We can. All answers shown come directly from Aurora Solar Technologies Reviews and are not edited or altered. A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. 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 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. We believe that solar energy is key to creating a better future. products are used by some of the worlds most advanced and respected solar cell manufacturers. 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. 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 . The Aurora and BTi businesses are well placed to take advantage of these market trends. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China, and partners in all major solar manufacturing markets. The sun may be waking up after almost a decade of relative calm, scientists say and that could cause problems on Earth. Aurora's momentum has picked up over the last few years, right alongside solar. 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 If youre reading this, you probably agree. In the drive to Grid Parity, their unique products, built into the . Any financing will be tied to a disciplined approach to deploy capital relative to its market opportunity. 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. 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 itself might be erupting in more beautiful formations. place undue reliance on the Company's forward-looking statements. All other material transaction terms remain unchanged. 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. See how the latest advancements in Aurora and HelioScope are making solar sales, design and delivery easier and faster. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. 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. All rights reserved. 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. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. We exist to support the worlds transition to solar at scale. 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. As the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. 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. Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? Aurora's products are used by some of the world's most advanced and respected solar cell manufacturers. 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"). Check out our video and blog highlighting the phenomenal growth of solar and how Aurora empowers homeowners with a new energy experience. 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. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. On behalf of the Company, we would like to recognize the contributions of David and his energy and guidance will be missed. 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. Forward-looking statements reflect current expectations of management regarding future events and operating performance as of the date of the MD&A. Your customers get a premium experience and you save time. What are co-workers like at Aurora Solar Technologies. This means the sun will produce more solar flares, or powerful bursts of energy. We decided to go out to the site and measure the house by hand with the homeowner, and in every instance, Aurora was correct. ", Solar Trade Platform and Directory of Solar Companies, Company Directory 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. Aurora Solar Technologies 's ( ACU) Commodity Channel Index (CCI) is -196.40, creating a Buy signal. This can trigger some bizarre phenomena. 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. Keep asking questions and keep challenging yourself. "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.". 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. And when you do, build it well. Weve outclassed our competition so you can conquer yours. The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. 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. We want you to get the best possible results from our products. Discussion of the Company, its operations and associated risks are further described in the Company's filings, available for viewing at www.sedar.com. Copyright 2023 Surperformance. Aurora Solar Technologies 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7 Click to show company phone Humans on Earth are shielded from that radiation, as most of it bounces off the ionosphere and the rest is absorbed by the atmosphere. 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. CAPTCHA. -, Aurora Solar Technologies Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022. 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. Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. To achieve the high electrical efficiencies that are now common, strict control of variations in these processes is required during cell manufacturing. All amounts are expressed in Canadian dollars, unless otherwise indicated. We know we can always do better, and we strive to do so every day. "They missed it purely by chance, and it could have been fatal for the astronauts at the time," Owens said. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, investors are cautioned that such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. On 7 November 2011, it acquired Aurora Control Technologies Inc. through a reverse takeover and initiated its current business operations. 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. Scientists, however, fear that our reliance on electricity and interconnectivity could mean we're far more vulnerable to their effects this time around. Those currents in our upper atmosphere interact with the particles in the ground. 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. 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. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. So far, astronauts have been lucky. "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.". New Energy jobs added daily. Aurora Solar Technologies is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. 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 . 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. The other primary objective was to achieve alignment among senior leadership by: (i) stabilizing the Aurora business through synergies derived from the BT Imaging acquisition combined with a disciplined approach to Insight's product commercialization; (ii) leveraging available synergies to support growth; and (iii) embracing a broadened product suite and customer base to better position the combined company for diversification. 14 weeks of parental leave at 100% base salary. Currency in CAD. There are any number of things you could build, but will they all make a significant difference in our clients lives? Further details for this event and instructions for participating will be provided in early September. The Company follows the orders and recommendations of relevant government health authorities in its operational jurisdictions and continues to evolve operational procedures as required. Move fast and scale your sales and design operations with powerful artificial intelligence. Join us to create a future of solar energy for all. 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. So far, we've been lucky. This decision has delivered intended benefits beyond obvious cost savings.