During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. "And they're nearly always there, but they become very much stronger when we've got a geomagnetic storm going on.". 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 Solar's platform uses computer vision to help solar companies rapidly design systems tailored to customers' specific needs. 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. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. Humans on Earth are shielded from that radiation, as most of it bounces off the ionosphere and the rest is absorbed by the atmosphere. Energy and charged particles from the sun are then ejected into space. 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. All other material transaction terms remain unchanged. Perovskite cells hold promise to enhance photovoltaic deployment in a wide range of applications, such as powering vehicles and boats. "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.". Dont stay static, dont stagnate. First Name. 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. 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. 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. The sun is entering a period of peak activity that will last several years, an expert said. Aurora's website is located at www.aurorasolartech.com. 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. Ltd. ("BTi"), a global leader in photoluminescence (PL) imaging tools and instruments for PV material inspection and quality control. The total consideration issued by Aurora to BTi shareholders for this Acquisition was 62,969,351 common shares and $1,205,310 in cash. We've grown our team by 8X, our solutions are used by 90% of the top U.S. residential solar contractors, and we've been globally recognized Real Leaders Impact Award 2022, Forbes AI 50 2022, Inc. 5000 2021, and S&P Global Platts' 2020 Rising Star Company. Additional roles may be added at the technical, operational and board level to advance the business in its three locations, Vancouver, Sydney and Shanghai. "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.". Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. We believe that solar energy is key to creating a better future. Further details for this event and instructions for participating will be provided in early September. Turkey might be just the right place to go. Before you hire a solar panel installation company in Vlez-Mlaga, Andalusia, shop through our network of over 7 local solar panel installation companies. The solar or photovoltaic ("PV") energy industry is relatively young, fast-growing, and evolving in importance within the energy sector. Granted, radio signals are much less important to basic communications today. The Company recognizes there is room to improve based on the confidence of this adapted strategy. 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. 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. 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. how about disabling your ad blocker on ENF? "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. Give your sales team everything they need to close in one call: simple guided workflow, interactive consultations and eSignature to close on the spot. See how the latest advancements in Aurora and HelioScope are making solar sales, design and delivery easier and faster. 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. 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 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. 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. Create a highly accurate solar design without having to visit the site, saving time and money during the quoting process. 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? Our products provide rapid payback, with ongoing profitability for our customers. These solar cells are then wired together (typically in groups of 60 or 70 cells) and framed to form modules. Last Name. With each decade, we become more dependent on electrical infrastructure, he said. 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. (, Product Directory variations. Currently the majority of the world's solar product manufacturing is conducted by Chinese companies in China and in other locations, primarily in the Southeast Asia region. The bright light of a solar flare on the left side of . "Our adverts are very targeted (inverter manufacturer advert on inverter category etc.) 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. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Aurora Solar Technologies salary trends based on salaries posted anonymously by Aurora Solar Technologies employees. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China and partners in all major solar manufacturing markets. T O O UR S HAREHOLDERS . Explore how you can get involved / how we can work together. What are co-workers like at Aurora Solar Technologies. Aurora Solar Technologies Overview Work Here? Information is checked, categorised and connected. 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. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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. 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. 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. Aurora Solar Technologies Inc. Mailing Address: 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7: Head Office Address: 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7: Contact Name: Gordon Deans: Principal Regulator: British Columbia: Business e-mail address: info@aurorasolartech.com: $500 home office stipends, $300/mo for hybrid work, and more. 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. Owens said that if the 1859 solar storm were to happen today, we'd be "far more susceptible.". Copyright 2023 Surperformance. "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,. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. (, Aurora Solar Technologies 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. 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" 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. Aurora Heredia Snchez Digital Marketing Specialist | Team Leader Mlaga, Andalusia, Spain. 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. products are used by some of the worlds most advanced and respected solar cell manufacturers. It was important to inject energy and direction to the Insight product with a renewed focus on product readiness and commercial validation. This is the Aurora Solar Technologies company profile. Auroras momentum has picked up over the last few years, right alongside solar. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. But several industries use radio signals to back up their other communications systems in case of failure. 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. 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. On behalf of the Company, we would like to recognize the contributions of David and his energy and guidance will be missed. Aurora Solar Technologies 's ( ACU) Trend Strength Indicator (ADX) is 31.32, creating a Neutral signal. This acquisition broadens the combined business by product and its process control systems capability along with diversifying sales by customer, product and geographic region. Wafer and cell forms and configurations have all changed, with continually increasing sizes and performance demands. 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. 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. We offer an extensive suite of services from measurement and control planning to system installation and post-installation support and optimization. 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. To achieve the high electrical efficiencies that are now common, strict control of variations in these processes is required during cell manufacturing. 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. In the drive to Grid Parity, their unique products, built into the . The plasma, which is made of charged particles, boils toward the surface, cools down, and sinks back toward the core again. 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 . M ANAGEMENT D ISCUSSION AND A NALYSIS . And when you do, build it well. Still, we're not in immediate danger. In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". Get 20 years of historical ev to assets ratio charts for AACTF stock and other companies. Image: Aurora Solar Technologies Inline solar cell measurement equipment specialist Aurora Solar Technologies (AST) has. Discover what makes the Aurora platform the most accurate, profitable waytodeliver every stage of the solar product lifecycle. One damaged transformer won't cause much of an issue. We know we can always do better, and we strive to do so every day. We work together to achieve a common goal, not for individual objectives. Message. 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. "Then you lose refrigeration, you lose power to hospitals things get quite serious quite rapidly," Owens added. Email. 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 . Engage homeowners with an instant, personalized 3D solar estimate that builds your brand credibility and makes you stand out from the rest. Even the International Space Station is still under the protection of the ionosphere. Do it for Jared. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. Headquarters. 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. Aurora makes it smoother for everyone to switch to solar energyby transforming the way projects are designed, sold, and delivered. Dont take things for granted and challenge assumptionsincluding your own. 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. Solar flares can disrupt radio communications and electric power grids on Earth. If the currents flood the electrical grid, they can blow up transformers. The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. 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. We're starting to see some of the effects of these solar flares. Aurora Solar Technologies Inc. develops and markets inline measurement, visualization and control systems for the photovoltaic manufacturing industry. Scientists, however, fear that our reliance on electricity and interconnectivity could mean we're far more vulnerable to their effects this time around. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. 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. Join us to create a future of solar energy for all. 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. 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. We value your teammates and the different perspectives they bring and respect, and celebrate our differences. Weve grown our team by 8X, our solutions are used by 90% of the top U.S. residential solar contractors, and weve been globally recognized Real Leaders Impact Award 2022, Forbes AI 50 2022, Inc. 5000 2021, and S&P Global Platts 2020 Rising Star Company. This business combination is expected to accelerate Aurora's growth by combining BTi's quality control tools with Aurora's InsightTM data science platform. 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. But if the radiation hits an astronaut in outer space, it can be very dangerous, Owens said. Aurora Solar Technologies develops, manufactures and markets inline quality control systems for the solar cell manufacturing industry. as well as other partner offers and accept our. With headquarters near Vancouver, Canada, Aurora has operations in Sydney, Australia, Shanghai, China, and partners in all major solar manufacturing markets. 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. There are any number of things you could build, but will they all make a significant difference in our clients lives? Aurora's and BT Imaging's products are used by some of the world's most advanced and respected solar cell manufacturers. Auroras products are designed specifically for inline applications in the PV manufacturing industry. 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. From the first impression to project installation, with Aurora, you can provide a personalized solar customer experience that is uncomplicated. New Energy jobs added daily. 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. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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. On demand, permit-ready solar plan sets available from Aurora in 24 hours. Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? 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. The sun is much more likely to throw energy our way during its maxima. Weve outclassed our competition so you can conquer yours. Aurora Solar was named Rising Star Company. Aurora's momentum has picked up over the last few years, right alongside solar. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. 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. For further information. So far, we've been lucky. 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. 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. CAPTCHA. We would have no business, and would not be able to accomplish our mission without our customers. 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. We can keep accelerating solar growth, together. Aurora Solar Technologies Inc. is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. Claim your Free Employer Profile. Find those that will, and focus on what truly matters. (www.sedar.com). Delayed Bourse de Toronto As the sun's local magnetic fields get more tangled and crash into each other, they can explode. Its proprietary measurement and modeling technologies help. If you believe there is a better way to do it, speak up! 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. All answers shown come directly from Aurora Solar Technologies Reviews and are not edited or altered. 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. This can trigger some bizarre phenomena. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. 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. 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. BTi's products are used in multiple parts of the PV supply chain -from silicon ingots and wafers, through to finished cells. Your customers get a premium experience and you save time. "We are delighted to have completed this important acquisition, as a key element of our growth and market development strategy in process control and yield management solutions for the PV industry. All securities issued pursuant to the private placement are subject to a hold period that expires on December 26, 2022. 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. "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. Move fast and scale your sales and design operations with powerful artificial intelligence. 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.