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. The data provided from these measurement products provides the means to perform real time diagnostics, control, and equipment optimization quickly and effectively. Additional roles may be added at the technical, operational and board level to advance the business in its three locations, Vancouver, Sydney and Shanghai. Certain statements contained in this MD&A may be deemed to be "forward-looking statements". Stay up to date with what you want to know. 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. This changing industry landscape and the pace of developments presents ongoing opportunities for high-end process control suppliers of measurement and automated diagnostic technologies. On demand, permit-ready solar plan sets available from Aurora in 24 hours. They believe that solar power will dominate the renewable energy field, and their mission is to bring quality and profitability to every customer through superior control of critical processes during solar cell manufacturing. The bright light of a solar flare on the left side of . 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. All answers shown come directly from Aurora Solar Technologies Reviews and are not edited or altered. 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. how about disabling your ad blocker on ENF? Create a highly accurate solar design without having to visit the site, saving time and money during the quoting process. Aurora Solar's platform uses computer vision to help solar companies rapidly design systems tailored to customers' specific needs. Create a proposal with personalized, permit-quality accuracy with just an address and an electric bill. 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. Get 20 years of historical ev to assets ratio charts for AACTF stock and other companies. 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 sun is a big ball of plasma, heated at its center. 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. Aurora is an inline solar cell measurement equipment specialist. BTi, a private Australian company, is an established leader in photoluminescence (PL) imaging tools for PV material inspection and quality control during production, and for laboratory use during product development. Tons of financial metrics for serious investors. 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7 Canada. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. 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. If youre reading this, you probably agree. That's when the solar maximum happens. 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 . 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. We know we can always do better, and we strive to do so every day. 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. 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. 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. Finally, it is with deep sadness that the Company reports the passing of David Robinson who was a recent addition to the board. 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. The Company's December 2022 quarter will be the first consolidated one after the cost intensive September quarter that includes large one-time acquisition costs. The sun also lets off radioactive material called solar energetic particles that can be dangerous to astronauts. 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 exist to support the worlds transition to solar at scale. Email. 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. 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. Build because you should, not because you can. 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. There isnt a better time to join solar. Its proprietary measurement and modeling technologies help. 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. 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. To achieve the high electrical efficiencies that are now common, strict control of variations in these processes is required during cell manufacturing. 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. 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 . BT Imaging's website is located at www.btimaging.com. There are any number of things you could build, but will they all make a significant difference in our clients lives? 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. View Products Services We want you to get the best possible results from our products. First Name. 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. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. 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. 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 well as other partner offers and accept our. 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. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. 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. Let's deliver a new energy experience, one with the simplicity and predictability of a sunrise. Forward-looking statements reflect current expectations of management regarding future events and operating performance as of the date of the MD&A. Auroras. At the end of October, BT Imaging held its first board meeting and management operations review since the acquisition. Any financing will be tied to a disciplined approach to deploy capital relative to its market opportunity. 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 has issued 11,650,000 units (the "Units") at the price of $0.10 per Unit for gross proceeds of $1,165,000. All other material transaction terms remain unchanged. The BBC reported that auroras were seen in the southern UK on Sunday night and that more were expected in the coming days. "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.". 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. 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. 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. 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. 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" A single solar panel can cost around 400 euros to install, but obviously, this may vary depending on the size and type of system. 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. In the drive to Grid Parity, their unique products, built into the . Average salaries for Aurora Solar Technologies Director Of Technology: $165,000. This is the Aurora Solar Technologies company profile. We work together to achieve a common goal, not for individual objectives. Aurora Solar Technologies develops, manufactures and markets inline quality control systems for the solar cell manufacturing industry. 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. Delayed Bourse de Toronto "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.". For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. But if the radiation hits an astronaut in outer space, it can be very dangerous, Owens said. Read through customer reviews, check out their past projects and then request a quote from the best solar panel installation companies near you. 14 weeks of parental leave at 100% base salary. As the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. 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. We would have no business, and would not be able to accomplish our mission without our customers. Aurora Solar Technologies Inc. published this content on 01 March 2023 and is solely responsible for the information contained therein. They are found in industrial facilities and virtually all major research institutes throughout Asia, Europe and North America. With each decade, we become more dependent on electrical infrastructure, he said. One damaged transformer won't cause much of an issue. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. The Company follows the orders and recommendations of relevant government health authorities in its operational jurisdictions and continues to evolve operational procedures as required. 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. Leverage your professional network, and get hired. All content is posted anonymously by employees working at Aurora Solar Technologies. Our solar platform transforms the process of designing, selling, and delivering projects. 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. Keep asking questions and keep challenging yourself. (, Product Directory On behalf of the Company, we would like to recognize the contributions of David and his energy and guidance will be missed. Those currents in our upper atmosphere interact with the particles in the ground. We value your teammates and the different perspectives they bring and respect, and celebrate our differences. 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. Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? If the currents flood the electrical grid, they can blow up transformers. Access your favorite topics in a personalized feed while you're on the go. We value and celebrate great contributions, but ultimately, it is the outcome that matters. 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. What are co-workers like at Aurora Solar Technologies. 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. 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. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China and partners in all major solar manufacturing markets. The Company's capital markets strategy is being updated to support organic growth and inorganic opportunities. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Its technology improves solar cell efficiency . Not an offer or recommendation by Stocktwits. Solar flares can disrupt radio communications and electric power grids on Earth. But several industries use radio signals to back up their other communications systems in case of failure. Further details for this event and instructions for participating will be provided in early September. CAPTCHA. Engage homeowners with an instant, personalized 3D solar estimate that builds your brand credibility and makes you stand out from the rest. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. Due to advancements in solar energy technology, the . When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. Before you hire a solar panel installation company in Vlez-Mlaga, Andalusia, shop through our network of over 7 local solar panel installation companies. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. 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's momentum has picked up over the last few years, right alongside solar. 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. 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. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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? Phone: +1 (778) 241 5000 This decision has delivered intended benefits beyond obvious cost savings. 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. -, Aurora Solar Technologies Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022. This acquisition broadens the combined business by product and its process control systems capability along with diversifying sales by customer, product and geographic region. We believe that solar energy is key to creating a better future. Announces Chief Executive Officer Changes, Aurora Solar Technologies Inc. Aurora Solar Technologies 's ( ACU) Relative Strength Index (RSI) is 35.04, creating a Neutral signal. 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. Perovskite cells hold promise to enhance photovoltaic deployment in a wide range of applications, such as powering vehicles and boats. "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. One of the first decisions made was to combine global sales teams and to wind down Aurora's Chinese operations placing the commercial responsibility for the Insight product with BT Imaging in Sydney and Shanghai under a revised organizational structure. 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. (www.sedar.com). Last Name. 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"). That could cause problems for air travel. M ANAGEMENT D ISCUSSION AND A NALYSIS . 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. Announces President Changes, President, Chief Executive Officer & Director. 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 worst solar storm we've seen happened in 1859. Move fast and scale your sales and design operations with powerful artificial intelligence. Even the International Space Station is still under the protection of the ionosphere. We offer an extensive suite of services from measurement and control planning to system installation and post-installation support and optimization. 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.
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