The total consideration issued by Aurora to BTi shareholders for this Acquisition was 62,969,351 common shares and $1,205,310 in cash. Aurora Solar Technologies Provides an Update on Its Insight(TM) Data BTi's R and W series products are used to verify the material effects of these processes on partially or wholly finished cells. To achieve the high electrical efficiencies that are now common, strict control of variations in these processes is required during cell manufacturing. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. This changing industry landscape and the pace of developments presents ongoing opportunities for high-end process control suppliers of measurement and automated diagnostic technologies. 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. Further details for this event and instructions for participating will be provided in early September. 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. Scientists are also learning more and more about our sun. 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. 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. We would have no business, and would not be able to accomplish our mission without our customers. Claim your Free Employer Profile. 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. Average salaries for Aurora Solar Technologies Director Of Technology: $165,000. 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. 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. "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. Explore how you can get involved / how we can work together. We can keep accelerating solar growth, together. 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? 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. 1K followers 500+ connections 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. as well as other partner offers and accept our. Aurora Solar Technologies is a stock to watch, this investor says 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. The data provided from these measurement products provides the means to perform real time diagnostics, control, and equipment optimization quickly and effectively. In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". We value and celebrate great contributions, but ultimately, it is the outcome that matters. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China and partners in all major solar manufacturing markets. Aurora Heredia Snchez Digital Marketing Specialist | Team Leader Mlaga, Andalusia, Spain. As such the combined business has sales and technical service facilities in China with sales, product development and technical support in Sydney, Australia and Vancouver, Canada. 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. Announces Chief Executive Officer Changes, Aurora Solar Technologies Inc. Aurora's website is located at www.aurorasolartech.com. Solar Technology to Watch in 2022 and Beyond | Aurora Solar Aurora Solar Technologies Overview Work Here? We offer an extensive suite of services from measurement and control planning to system installation and post-installation support and optimization. On behalf of the Company, we would like to recognize the contributions of David and his energy and guidance will be missed. We believe that solar energy is key to creating a better future. 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. 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. It was important to inject energy and direction to the Insight product with a renewed focus on product readiness and commercial validation. Aurora Solar's platform uses computer vision to help solar companies rapidly design systems tailored to customers' specific needs. Its technology improves solar cell efficiency . 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. Distributed by Public, unedited and unaltered, on 01 March 2023 22:19:16 UTC. There are any number of things you could build, but will they all make a significant difference in our clients lives? Aurora Solar Technologies | Production Equipment | Canada Aurora Solar | Company Overview & News All content is posted anonymously by employees working at Aurora Solar Technologies. CAPTCHA. 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. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134935, https://www.newsfilecorp.com/release/134935, 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. Announces President Changes, President, Chief Executive Officer & Director. We're starting to see some of the effects of these solar flares. We value your teammates and the different perspectives they bring and respect, and celebrate our differences. 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. 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. ", Solar Trade Platform and Directory of Solar Companies, Company Directory Auroras. Last Name. Solar flares can disrupt radio communications and electric power grids on Earth. We have monthly wellness classes and workshops. Get 20 years of historical ev to assets ratio charts for AACTF stock and other companies. At the end of October, BT Imaging held its first board meeting and management operations review since the acquisition. The only way we can achieve our dreams and goals is by working together. 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. Aurora's products are used by some of the world's most advanced and respected solar cell manufacturers. Read through customer reviews, check out their past projects and then request a quote from the best solar panel installation companies near you. Discover what makes the Aurora platform the most accurate, profitable waytodeliver every stage of the solar product lifecycle. Additional roles may be added at the technical, operational and board level to advance the business in its three locations, Vancouver, Sydney and Shanghai. 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 missed it purely by chance, and it could have been fatal for the astronauts at the time," Owens said. These solar cells are then wired together (typically in groups of 60 or 70 cells) and framed to form modules. Auroras momentum has picked up over the last few years, right alongside solar. That's when the solar maximum happens. Aurora Solar is a fast growing technology company that enables solar professionals to remotely design and sell solar and storage projects. 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. 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. Aurora Solar Technologies to acquire BT Imaging to accelerate growth 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. Get the ev to assets ratio charts for Aurora Solar Technologies (AACTF). Based in North Vancouver, British Columbia. Turkey might be just the right place to go. View Products Services We want you to get the best possible results from our products. Finally, it is with deep sadness that the Company reports the passing of David Robinson who was a recent addition to the board. Aurora Solar Technologies 's ( ACU) Relative Strength Index (RSI) is 35.04, creating a Neutral signal. 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. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. Tons of financial metrics for serious investors. That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. BTi develops and markets several material inspection and quality control tools. In the drive to Grid Parity, their unique products, built into the . Aurora is an inline solar cell measurement equipment specialist. Aurora's website is located at www.aurorasolartech.com. The sun is a big ball of plasma, heated at its center. The Company's leadership is evolving following the acquisition of BT Imaging and is the beneficiary of a young, technically smart and motivated team. 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. 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 . We know we can always do better, and we strive to do so every day. Our solar platform transforms the process of designing, selling, and delivering projects. Aurora Solar Technologies Inc. develops and markets inline measurement, visualization and control systems for the photovoltaic manufacturing industry. "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. Aurora Solar Technologies - Crunchbase Company Profile & Funding Aurora's momentum has picked up over the last few years, right alongside solar. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. Still, we're not in immediate danger. One damaged transformer won't cause much of an issue. 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. 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. This is the Aurora Solar Technologies company profile. Aurora Solar Technologies (ACU) Stock Price & Analysis Aurora Solartech - Measure Visualize Control Aurora Solar Technologies Inc. (ACU.V) - Yahoo! The Company recognizes there is room to improve based on the confidence of this adapted strategy. NASA spotted a rare polar vortexthis month. 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. 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. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. Even the International Space Station is still under the protection of the ionosphere. That energy can affect communication by messing with the ionosphere, a layer of charged particles in our upper atmosphere. Aurora's website is located at www.aurorasolartech.com. Copyright 2023 Surperformance. What are co-workers like at Aurora Solar Technologies. Discussion of the Company, its operations and associated risks are further described in the Company's filings, available for viewing at www.sedar.com. The Aurora and BTi businesses are well placed to take advantage of these market trends. Weve outclassed our competition so you can conquer yours. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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. Its proprietary measurement and modeling technologies help. Working at Aurora Solar Technologies | Glassdoor The worst solar storm we've seen happened in 1859. Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? Scientists, however, fear that our reliance on electricity and interconnectivity could mean we're far more vulnerable to their effects this time around. See disclosure here. 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. AACTF Stock | News | AURORA SOLAR TECHNOLOGIES Stock Price Today 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. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. 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 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 . "Our adverts are very targeted (inverter manufacturer advert on inverter category etc.) 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. There can be no assurance that forward- looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. "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.". A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. But several industries use radio signals to back up their other communications systems in case of failure. Find those that will, and focus on what truly matters. 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. Aurora Solar Technologies 's ( ACU) Trend Strength Indicator (ADX) is 31.32, creating a Neutral signal. Our products provide rapid payback, with ongoing profitability for our customers. Aurora Solar Technologies is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. 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. 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 . These forward-looking statements are made as of the date hereof. Check out our video and blog highlighting the phenomenal growth of solar and how Aurora empowers homeowners with a new energy experience. Get the latest stock price for Aurora Solar Technologies Inc. (ACU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China, and partners in all major solar manufacturing markets. 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. The Company's capital markets strategy is being updated to support organic growth and inorganic opportunities. Give your sales team everything they need to close in one call: simple guided workflow, interactive consultations and eSignature to close on the spot. Aurora Solar Technologies develops, manufactures and markets inline quality control systems for the solar cell manufacturing industry. With each decade, we become more dependent on electrical infrastructure, he said. ENF Solar is a definitive directory of solar companies and products. So far, we've been lucky. Energy and charged particles from the sun are then ejected into space. That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun. As the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. 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. That could cause problems for air travel. The sun itself might be erupting in more beautiful formations. Contact - Aurora Solartech By the end of March 2023, the combined business is expected to benefit from realized synergies combined with compelling revenues and margins with the objective of being on a cash flow run rate that is neutral to positive. 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. Dont stay static, dont stagnate. 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. Not an offer or recommendation by Stocktwits. NASA's Parker Solar Probe, for instance, is heading for the sun and is likely to provide unprecedented images and exciting new data in December. New Energy jobs added daily. Aurora Solar Technologies, Inc. provides inline measurement, visualization, and control systems for the photovoltaic product manufacturing industry. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. 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. 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. The interaction between these particles creates strong electrical currents that can flood infrastructure on Earth. 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. 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. We have to make our customers more productive in their jobs, understanding that doing so adds value to society. Information is checked, categorised and connected. The plasma, which is made of charged particles, boils toward the surface, cools down, and sinks back toward the core again. Glassdoor gives you an inside look at what it's like to work at Aurora Solar Technologies, including salaries, reviews, office photos, and more. 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.

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