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 want you to get the best possible results from our products. Solar flares can disrupt radio communications and electric power grids on Earth. Discover what makes the Aurora platform the most accurate, profitable waytodeliver every stage of the solar product lifecycle. Aurora Solar Technologies Director of Technology Salaries 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. As the sun's local magnetic fields get more tangled and crash into each other, they can explode. 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. Based in North Vancouver, British Columbia. 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. That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Its technology improves solar cell efficiency . Aurora Solar Technologies Inc. (ACU) | TSXV Stock Price | TMX Money Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. The Company, together with its subsidiaries, develops and markets measurement and quality control systems for laboratory characterization and manufacturing quality assurance in the solar wafer and cell manufacturing industries. In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". 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. Last Name. 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. Claim your Free Employer Profile. CAPTCHA. Top editors give you the stories you want delivered right to your inbox each weekday. $500 home office stipends, $300/mo for hybrid work, and more. The BBC reported that auroras were seen in the southern UK on Sunday night and that more were expected in the coming days. The sun is entering a period of peak activity that will last several years, an expert said. place undue reliance on the Company's forward-looking statements. 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. It was important to inject energy and direction to the Insight product with a renewed focus on product readiness and commercial validation. 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. The only way we can achieve our dreams and goals is by working together. Aurora Solar Technologies | LinkedIn To bring these products together as a system, Aurora's InsightTM, is a new proprietary "data science" software platform that extends the combined company's product portfolio to provide plant-wide smart factory monitoring by translating measurements into actionable information to improve manufacturing performance. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. 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. The solar or photovoltaic ("PV") energy industry is relatively young, fast-growing, and evolving in importance within the energy sector. The Company's capital markets strategy is being updated to support organic growth and inorganic opportunities. By clicking Sign up, you agree to receive marketing emails from Insider 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. This acquisition broadens the combined business by product and its process control systems capability along with diversifying sales by customer, product and geographic region. BTi's products are used in multiple parts of the PV supply chain -from silicon ingots and wafers, through to finished cells. 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. 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 Solar Technologies 's ( ACU) Relative Strength Index (RSI) is 35.04, creating a Neutral signal. Aurorans, solar professionals, society at largewe are all in this together. Aurora is an inline solar cell measurement equipment specialist. Wafer and cell forms and configurations have all changed, with continually increasing sizes and performance demands. Scientists are also learning more and more about our sun. Delayed Bourse de Toronto Dont accept the status quojust because it is, doesnt mean it has to be. About Aurora | Aurora Solar 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. 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. Engage homeowners with an instant, personalized 3D solar estimate that builds your brand credibility and makes you stand out from the rest. 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. These forward-looking statements are made as of the date hereof. Finally, it is with deep sadness that the Company reports the passing of David Robinson who was a recent addition to the board. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 [email protected] 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. 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: [email protected]: 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. A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. Aurora Solar's platform uses computer vision to help solar companies rapidly design systems tailored to customers' specific needs. 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. The sun is much more likely to throw energy our way during its maxima. 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. The Company will provide further details on the Acquisition and the combined business in a conference call to be held in mid-September co-hosted by Stifel and Aurora. Get the latest stock price for Aurora Solar Technologies Inc. (ACU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. "Our adverts are very targeted (inverter manufacturer advert on inverter category etc.) Aurora Solar Technologies (AACTF) EV to Assets Ratio : 0.46 We value your teammates and the different perspectives they bring and respect, and celebrate our differences. 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. Attaining "Grid Parity" with fossil fuel energy sources is the solar industry's most urgent and important challenge. AACTF Aurora Solar Technologies Inc 1,127 $0.0392 $0.0027 (7.40%) Today $0.00 0.00 (0.00%) After Hours Market Cap $8.67M Read through customer reviews, check out their past projects and then request a quote from the best solar panel installation companies near you. Aurora Solar is a fast growing technology company that enables solar professionals to remotely design and sell solar and storage projects. (www.sedar.com). 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. as well as other partner offers and accept our. 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. Glassdoor gives you an inside look at what it's like to work at Aurora Solar Technologies, including salaries, reviews, office photos, and more. Weve outclassed our competition so you can conquer yours. These and other factors should be considered carefully, and thus, readers should not. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. products are used by some of the worlds most advanced and respected solar cell manufacturers. Image: Aurora Solar Technologies Inline solar cell measurement equipment specialist Aurora Solar Technologies (AST) has. Aurora's Australian subsidiary, BT Imaging Pty Ltd, founded in 2007, has a 15 year-history of servicing top tier solar cell and cell manufacturers who supply the majority of the world's production, based on market leadership with its advanced photoluminescence-based quality assurance imaging tools. Email. On behalf of the Company, we would like to recognize the contributions of David and his energy and guidance will be missed. Tons of financial metrics for serious investors. We have to make our customers more productive in their jobs, understanding that doing so adds value to society. We value and celebrate great contributions, but ultimately, it is the outcome that 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. "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. See how the latest advancements in Aurora and HelioScope are making solar sales, design and delivery easier and faster. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. ENF Solar is a definitive directory of solar companies and products. Aurora's website is located at www.aurorasolartech.com. We are a remote first team with office options too. Aurora Solar Technologies Inc. - AnnualReports.com Aurora Solartech - Measure Visualize Control Software Engineer, Computational Scientist, Product Marketing Manager, Competitive Intelligence. Find those that will, and focus on what truly matters. 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. Here are some solar technologies in 2022 that we're keeping an eye on. 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. A 2023 study looking at flight records over 22 years found that planes were 21% more likely to be delayed by at least 30 minutes when the sun was very active. Aurora Solar Technologies salary trends based on salaries posted anonymously by Aurora Solar Technologies employees. 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.