This changing industry landscape and the pace of developments presents ongoing opportunities for high-end process control suppliers of measurement and automated diagnostic technologies. Aurora Solar Technologies 's ( ACU) Relative Strength Index (RSI) is 35.04, creating a Neutral signal. 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. Certain statements contained in this MD&A may be deemed to be "forward-looking statements". So far, we've been lucky. By clicking Sign up, you agree to receive marketing emails from Insider 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. So far, astronauts have been lucky. Auroras momentum has picked up over the last few years, right alongside solar. 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. BTi's products are used in multiple parts of the PV supply chain -from silicon ingots and wafers, through to finished cells. 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. "Then you lose refrigeration, you lose power to hospitals things get quite serious quite rapidly," Owens added. 14 weeks of parental leave at 100% base salary. variations. Aurora Solar's platform uses computer vision to help solar companies rapidly design systems tailored to customers' specific needs. Dont accept the status quojust because it is, doesnt mean it has to be. 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. Get the latest stock price for Aurora Solar Technologies Inc. (ACU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Its technology improves solar cell efficiency . What are co-workers like at Aurora Solar Technologies. Aurora Solar Technologies is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. Forward-looking statements reflect current expectations of management regarding future events and operating performance as of the date of the MD&A. Aurora's products are designed specifically for inline applications in the PV manufacturing industry. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. HIGHLIGHTS, SIGNIFICANT EVENTS AND TRANSACTIONS DURING THE PERIOD, The Business Acquisition report relating to the acquisition of BT Imaging PTY Ltd. was filed on Sedar on 8 November 2022. That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun. And the latest solar cycle, which peaked around 2010, was particularly quiet and may have lulled us into a false sense of security. This business combination is expected to accelerate Aurora's growth by combining BTi's quality control tools with Aurora's InsightTM data science platform. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. BT Imaging's website is located at www.btimaging.com. Contact Aurora Solar Technologies. 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. Perovskite Cells Perovskite cells are flexible, lightweight, and low-cost solar cells made using perovskite and organic materials. Baker McKenzie LLP acted as Aurora's legal advisor on this transaction. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. Tons of financial metrics for serious investors. On November 2, 2022, the Company provided a corporate update regarding the integration of the BTi, Insight and transition plan with a focus on growth and diversification based on a leading systems approach to process control for the solar cell manufacturing derived from the synergies and complimentary products of the combined business. 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. And when you do, build it well. 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. On demand, permit-ready solar plan sets available from Aurora in 24 hours. 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. 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. 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. This can trigger some bizarre phenomena. Humans on Earth are shielded from that radiation, as most of it bounces off the ionosphere and the rest is absorbed by the atmosphere. By placing the commercial responsibility for the Insight product inside BT Imaging, the Company will be able to improve its technical sales capability to secure potential customer orders. We have monthly wellness classes and workshops. For further information. It was important to inject energy and direction to the Insight product with a renewed focus on product readiness and commercial validation. Your customers get a premium experience and you save time. 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. 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. These forward-looking statements are made as of the date hereof. 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. 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. NASA spotted a rare polar vortexthis month. But several industries use radio signals to back up their other communications systems in case of failure. The Aurora and BTi businesses are well placed to take advantage of these market trends. Aurora Solar Technologies 's ( ACU) Trend Strength Indicator (ADX) is 31.32, creating a Neutral signal. Take the time you need for the moments that matter. We offer an extensive suite of services from measurement and control planning to system installation and post-installation support and optimization. Top editors give you the stories you want delivered right to your inbox each weekday. They are found in industrial facilities and virtually all major research institutes throughout Asia, Europe and North America. 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. The Company's capital markets strategy is being updated to support organic growth and inorganic opportunities. This is the Aurora Solar Technologies company profile. 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"). Glassdoor gives you an inside look at what it's like to work at Aurora Solar Technologies, including salaries, reviews, office photos, and more. These so-called solar maximums occur roughly every 11 years, and they haven't been much of a problem in the past. Aurora Solar Technologies Overview Work Here? 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. Sign up for notifications from Insider! Leading solar companies depend on Aurora to outpace the industry. as well as other partner offers and accept our. These solar cells are then wired together (typically in groups of 60 or 70 cells) and framed to form modules. 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. (www.sedar.com). Energy and charged particles from the sun are then ejected into space. Auroras products are designed specifically for inline applications in the PV manufacturing industry. Engage homeowners with an instant, personalized 3D solar estimate that builds your brand credibility and makes you stand out from the rest. 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. Delayed Bourse de Toronto A copy of this Management Discussion and Analysis ("MD&A") will be provided to any applicant upon request. 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. Phone. 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. 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. Stay up to date with what you want to know. The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. T O O UR S HAREHOLDERS . BTi's R and W series products are used to verify the material effects of these processes on partially or wholly finished cells. The interaction between these particles creates strong electrical currents that can flood infrastructure on Earth. Owens said that if the 1859 solar storm were to happen today, we'd be "far more susceptible.". BTi develops and markets several material inspection and quality control tools. We have to make our customers more productive in their jobs, understanding that doing so adds value to society. "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. 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" These and other factors should be considered carefully, and thus, readers should not. There are any number of things you could build, but will they all make a significant difference in our clients lives? Aurora Solar Technologies Inc. develops and markets inline measurement, visualization and control systems for the photovoltaic manufacturing industry. That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. There isnt a better time to join solar. See how the latest advancements in Aurora and HelioScope are making solar sales, design and delivery easier and faster. 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. All answers shown come directly from Aurora Solar Technologies Reviews and are not edited or altered. 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. We can keep accelerating solar growth, together. Do it for Jared. That energy can affect communication by messing with the ionosphere, a layer of charged particles in our upper atmosphere. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. This decision has delivered intended benefits beyond obvious cost savings. In addition, the combined business is beginning to show signs of diversification with a new Insight evaluation deployed last week in Malaysia with one of the world's largest PV manufactures. The Company's leadership is evolving following the acquisition of BT Imaging and is the beneficiary of a young, technically smart and motivated team. 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. At the end of October, BT Imaging held its first board meeting and management operations review since the acquisition. Announces Chief Executive Officer Changes, Aurora Solar Technologies Inc. On 7 November 2011, it acquired Aurora Control Technologies Inc. through a reverse takeover and initiated its current business operations. Additional roles may be added at the technical, operational and board level to advance the business in its three locations, Vancouver, Sydney and Shanghai. Build because you should, not because you can. "They missed it purely by chance, and it could have been fatal for the astronauts at the time," Owens said. Aurora's website is located at www.aurorasolartech.com. 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 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. We work together to achieve a common goal, not for individual objectives. All rights reserved. As these geomagnetic storms crash into the ionosphere, they can make auroras shine big and bright. 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. 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. 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. 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. 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. A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. From the first impression to project installation, with Aurora, you can provide a personalized solar customer experience that is uncomplicated. 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. The sun is much more likely to throw energy our way during its maxima. The Company recognizes there is room to improve based on the confidence of this adapted strategy. If you believe there is a better way to do it, speak up! BTi brings a powerful brand, a world-class complementary product line and delivery team, and deep industry knowledge and strategic relationships such as with the University of New South Wales", said Gordon Deans, Aurora's President and CEO. Explore how you can get involved / how we can work together. 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 is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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 . 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. 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. Scientists, however, fear that our reliance on electricity and interconnectivity could mean we're far more vulnerable to their effects this time around. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. Changes wont be saved until you sign up for an Enhanced Profile subscription. The only way we can achieve our dreams and goals is by working together. The sun is entering a period of peak activity that will last several years, an expert said. The sun is a big ball of plasma, heated at its center. Aurora's products are used by some of the world's most advanced and respected solar cell manufacturers. In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". place undue reliance on the Company's forward-looking statements. The volume and breadth of PV manufacturing have increased dramatically over recent years, right across the industry, and the pace of change is not slowing with new government initiatives recently announced in Australia, North America, and Europe. Its proprietary measurement and modeling technologies help. Turkey might be just the right place to go. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. 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 . As the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. Aurora's momentum has picked up over the last few years, right alongside solar. 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. The BBC reported that auroras were seen in the southern UK on Sunday night and that more were expected in the coming days. 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. "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.". Let's deliver a new energy experience, one with the simplicity and predictability of a sunrise. Aurora and BTi together focus on top-tier manufacturers of PV products who value the benefits of integrated measurement and process control systems and who have known capacity expansion plans. 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. Due to advancements in solar energy technology, the . On behalf of the Company, we would like to recognize the contributions of David and his energy and guidance will be missed. Products - Aurora Solartech Products DM and TCM Instruments Non-contact measurement of key wafer properties accurately and reliably at full production speeds The DM sensors use safe infrared light to measure key properties of crystalline silicon photovoltaic (PV) wafers. This acquisition broadens the combined business by product and its process control systems capability along with diversifying sales by customer, product and geographic region. 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. 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. Dont take things for granted and challenge assumptionsincluding your own. Aurora's website is located at www.aurorasolartech.com. Image: Aurora Solar Technologies Inline solar cell measurement equipment specialist Aurora Solar Technologies (AST) has. On 11 March 2020, the coronavirus outbreak ("Covid-19") was declared a pandemic by the World Health Organization. Announces President Changes, President, Chief Executive Officer & Director. 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. Today's top 113 Energy jobs in Mlaga, Andalusia, Spain. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. Find those that will, and focus on what truly matters. "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. Dont stay static, dont stagnate. Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. Attaining "Grid Parity" with fossil fuel energy sources is the solar industry's most urgent and important challenge. Here are some solar technologies in 2022 that we're keeping an eye on. Join us to create a future of solar energy for all. Announces Passing of Board Member, David Robinson, Aurora Solar Technologies Corporate Update Regarding Leadership, Aurora Solar Technologies Inc. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. Distributed by Public, unedited and unaltered, on 01 March 2023 22:19:16 UTC. "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.". 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. 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. The Acquisition, the concurrent financing and stock option grant has been approved by the board of directors of Aurora. 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. This means the sun will produce more solar flares, or powerful bursts of energy. ", Solar Trade Platform and Directory of Solar Companies, Company Directory Keep asking questions and keep challenging yourself. 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. To achieve the high electrical efficiencies that are now common, strict control of variations in these processes is required during cell manufacturing. First Name. (, 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. We exist to support the worlds transition to solar at scale. 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.