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. 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. Forward-looking statements reflect current expectations of management regarding future events and operating performance as of the date of the MD&A. They are found in industrial facilities and virtually all major research institutes throughout Asia, Europe and North America. 113 Energy jobs in Mlaga, Andalusia, Spain (2 new) AACTF Aurora Solar Technologies Inc - Stocktwits Solar flares can disrupt radio communications and electric power grids on Earth. Medical, Dental, and Vision plans are 100% covered. If the currents flood the electrical grid, they can blow up transformers. Create a highly accurate solar design without having to visit the site, saving time and money during the quoting process. Aurora Solar Technologies Inc. (ACU.V) - Yahoo! These new common shares shall be subject to escrow conditions and released in three tranches on December 26, 2022, June 25, 2023 and December 25, 2023 in the amount of 20,032,003, 21,468,674, and 21,468,674 common shares, respectively. Aurora Solar Technologies, Inc. provides inline measurement, visualization, and control systems for the photovoltaic product manufacturing industry. The Company follows the orders and recommendations of relevant government health authorities in its operational jurisdictions and continues to evolve operational procedures as required. BT Imaging's website is located at www.btimaging.com. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com "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.". Announces President Changes, President, Chief Executive Officer & Director. Further details for this event and instructions for participating will be provided in early September. Aurora's non-contact, high throughput DMTM and TCMTM products use proprietary patented technology, based on the principles of infrared spectroscopy sensing to measure the properties of the afore-mentioned solar cell chemical layers as they are deposited and thermally annealed. Aurora Solar Technologies Completes BT Imaging Acquisition and Humans on Earth are shielded from that radiation, as most of it bounces off the ionosphere and the rest is absorbed by the atmosphere. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. First Name. 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. Distributed by Public, unedited and unaltered, on 01 March 2023 22:19:16 UTC. Aurora Solar Technologies | LinkedIn In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". Aurora Solar Technologies Overview Work Here? Aurora Solar Technologies to acquire BT Imaging to accelerate growth To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142681, https://www.newsfilecorp.com/release/142681, UPDATE 1-UK says Ukraine forces under increasingly severe pressure defending Bakhmut, Ukraine Latest: Russian Defense Chief Makes Rare Visit to Troops, In Britain, warm hubs emerge to beat soaring energy costs, INSIGHT-Before fatal collapse, Turkish building had skirted code thanks to Erdogan policy, In Chicago, adapting electric buses to winters challenges. 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. Explore how you can get involved / how we can work together. Aurora Solar: The World's #1 Solar Design Software 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. Stay up to date with what you want to know. Access your favorite topics in a personalized feed while you're on the go. 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. There are any number of things you could build, but will they all make a significant difference in our clients lives? Tons of financial metrics for serious investors. Many of the global government measures to contain and prevent the further spread of the virus have had a dramatic impact on the global economy in the terms of supply chain constraints resulting in adapted procedures and proactive pricing policies relating to purchasing, productions, sales and deliveries. 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. 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. 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. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. Aurora Solar Technologies (ACU) Stock Price & Analysis 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. That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. The BBC reported that auroras were seen in the southern UK on Sunday night and that more were expected in the coming days. 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. Certain statements contained in this MD&A may be deemed to be "forward-looking statements". We're starting to see some of the effects of these solar flares. Aurora Solar Technologies Inc. Profile - SEDAR Even the International Space Station is still under the protection of the ionosphere. It was important to inject energy and direction to the Insight product with a renewed focus on product readiness and commercial validation. 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. 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. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Its proprietary measurement and modeling technologies help. 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. 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. Give your sales team everything they need to close in one call: simple guided workflow, interactive consultations and eSignature to close on the spot. Join us to create a future of solar energy for all. We value your teammates and the different perspectives they bring and respect, and celebrate our differences. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. Aurora Solar Technologies Inc. develops and markets inline measurement, visualization and control systems for the photovoltaic manufacturing industry. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. Do it for Jared. One damaged transformer won't cause much of an issue. planes were 21% more likely to be delayed, saw two dozen sea mines explode in the water, worst solar storm we've seen happened in 1859, auroras were seen in the southern UK on Sunday night, Two Apollo crewed missions narrowly escaped a huge solar storm. AACTF Stock | News | AURORA SOLAR TECHNOLOGIES Stock Price Today Aurora Solar Technologies Provides an Update on Its Insight(TM) Data Phone. All other material transaction terms remain unchanged. We decided to go out to the site and measure the house by hand with the homeowner, and in every instance, Aurora was correct. Careers | Aurora Solar 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. 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. Aurora Solar Technologies 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7 Click to show company phone In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. There isnt a better time to join solar. (www.sedar.com). Scientists are also learning more and more about our sun. Let's deliver a new energy experience, one with the simplicity and predictability of a sunrise. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. By clicking Sign up, you agree to receive marketing emails from Insider What are co-workers like at Aurora Solar Technologies. Glassdoor gives you an inside look at what it's like to work at Aurora Solar Technologies, including salaries, reviews, office photos, and more. BTi's R and W series products are used to verify the material effects of these processes on partially or wholly finished cells. Dont stay static, dont stagnate. Aurora's website is located at www.aurorasolartech.com. This can trigger some bizarre phenomena. Leading solar companies depend on Aurora to outpace the industry. 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. Aurora Solar Technologies 's ( ACU) Trend Strength Indicator (ADX) is 31.32, creating a Neutral signal. Attaining "Grid Parity" with fossil fuel energy sources is the solar industry's most urgent and important challenge. 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. 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. 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. This is the Aurora Solar Technologies company profile. As these geomagnetic storms crash into the ionosphere, they can make auroras shine big and bright. We have monthly wellness classes and workshops. The Company was incorporated under the laws of the Province of British Columbia, Canada on 26 October 2006 as Pulse Capital Corp, a capital pool company. 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. But several industries use radio signals to back up their other communications systems in case of failure. Aurora's momentum has picked up over the last few years, right alongside solar. 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 Solar Technologies 's ( ACU) Commodity Channel Index (CCI) is -196.40, creating a Buy signal. 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. Find those that will, and focus on what truly matters. Aurora Heredia Snchez Digital Marketing Specialist | Team Leader Mlaga, Andalusia, Spain. Currency in CAD. 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. 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" Sun Is About to Get More Active, Sending Grid-Disrupting Solar Storms Baker McKenzie LLP acted as Aurora's legal advisor on this transaction. Auroras. 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. 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. In addition, Kevin met with legal, accounting, and advisory professionals who are supporting the business and met the University of New South Wales' innovation office regarding collaboration, commercialization, and technology funding opportunities. 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. 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. Aurora Solar Technologies - Crunchbase Company Profile & Funding Owens said that if the 1859 solar storm were to happen today, we'd be "far more susceptible.". This acquisition broadens the combined business by product and its process control systems capability along with diversifying sales by customer, product and geographic region. Announces Passing of Board Member, David Robinson, Aurora Solar Technologies Corporate Update Regarding Leadership, Aurora Solar Technologies Inc. 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 is a fast growing technology company that enables solar professionals to remotely design and sell solar and storage projects. Contact - Aurora Solartech Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? 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. 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. Aurora Solar Acquires Folsom Labs - PR Newswire Phone: +1 (778) 241 5000 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. 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. Aurora Solar Technologies Inc Stock - AACTF Share Price Today, News and Discussion ATNM 7.08% 0.42% KRL.X 0.03% More Advertisement 3rd Party Ad. 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. 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. 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. Still, we're not in immediate danger. Aurora Solar Technologies Inc. published this content on 01 March 2023 and is solely responsible for the information contained therein. 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. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. See how the latest advancements in Aurora and HelioScope are making solar sales, design and delivery easier and faster. Build because you should, not because you can. 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. Information is checked, categorised and connected. Discover what makes the Aurora platform the most accurate, profitable waytodeliver every stage of the solar product lifecycle. The Aurora and BTi businesses are well placed to take advantage of these market trends. All content is posted anonymously by employees working at Aurora Solar Technologies. If youre reading this, you probably agree. 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. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. The total consideration issued by Aurora to BTi shareholders for this Acquisition was 62,969,351 common shares and $1,205,310 in cash. 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. A single solar panel can cost around 400 euros to install, but obviously, this may vary depending on the size and type of system. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. The Company's leadership is evolving following the acquisition of BT Imaging and is the beneficiary of a young, technically smart and motivated team. 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 . NASA spotted a rare polar vortexthis month. Get the latest stock price for Aurora Solar Technologies Inc. (ACU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Aurora Solar Technologies completes acquisition of BT Imaging as it Perovskite Cells Perovskite cells are flexible, lightweight, and low-cost solar cells made using perovskite and organic materials. Leverage your professional network, and get hired. 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. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. 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. Products - Aurora Solartech 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. Changes wont be saved until you sign up for an Enhanced Profile subscription. 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. The solar or photovoltaic ("PV") energy industry is relatively young, fast-growing, and evolving in importance within the energy sector. Aurora Solar Technologies develops, manufactures and markets inline quality control systems for the solar cell manufacturing industry. Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. 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 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. Aurora Solar's platform uses computer vision to help solar companies rapidly design systems tailored to customers' specific needs. Read through customer reviews, check out their past projects and then request a quote from the best solar panel installation companies near you. Turkey might be just the right place to go. 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. CAPTCHA. 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 makes it smoother for everyone to switch to solar energyby transforming the way projects are designed, sold, and delivered. Here are some solar technologies in 2022 that we're keeping an eye on. To achieve the high electrical efficiencies that are now common, strict control of variations in these processes is required during cell manufacturing. These solar cells are then wired together (typically in groups of 60 or 70 cells) and framed to form modules. We can keep accelerating solar growth, together. The Company recognizes there is room to improve based on the confidence of this adapted strategy. Aurorans, solar professionals, society at largewe are all in this together. The sun itself might be erupting in more beautiful formations. 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. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. Average salaries for Aurora Solar Technologies Director Of Technology: $165,000. Aurora Solar Technologies is a stock to watch, this investor says Check out our video and blog highlighting the phenomenal growth of solar and how Aurora empowers homeowners with a new energy experience. Discussion of the Company, its operations and associated risks are further described in the Company's filings, available for viewing at www.sedar.com. Dont take things for granted and challenge assumptionsincluding your own. 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. These and other factors should be considered carefully, and thus, readers should not. 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.
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