The solar or photovoltaic ("PV") energy industry is relatively young, fast-growing, and evolving in importance within the energy sector. 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. Still, we're not in immediate danger. All amounts are expressed in Canadian dollars, unless otherwise indicated. Create a highly accurate solar design without having to visit the site, saving time and money during the quoting process. 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. 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. "And they're nearly always there, but they become very much stronger when we've got a geomagnetic storm going on.". We work together to achieve a common goal, not for individual objectives. 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. 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. This decision has delivered intended benefits beyond obvious cost savings. 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. 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. Join us to create a future of solar energy for all. Dont accept the status quojust because it is, doesnt mean it has to be. As these geomagnetic storms crash into the ionosphere, they can make auroras shine big and bright. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com 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. If youre reading this, you probably agree. Get the latest stock price for Aurora Solar Technologies Inc. (ACU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. All securities issued pursuant to the private placement are subject to a hold period that expires on December 26, 2022. Discussion of the Company, its operations and associated risks are further described in the Company's filings, available for viewing at www.sedar.com. 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. If youre looking for a mission-driven company where your work will have an impact on a truly global scale, join us and well do it together. All 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 each decade, we become more dependent on electrical infrastructure, he 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. 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. 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. We know we can always do better, and we strive to do so every day. 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. Contact Aurora Solar Technologies. 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. At the end of October, BT Imaging held its first board meeting and management operations review since the acquisition. 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7 Canada. Aurora Solar Technologies Provides an Update on Its Insight (TM) Data Science Product and Associated Strategic Initiatives Aurora Solar Technologies Provides an Update on Its Insight (TM) Data. Owens said that if the 1859 solar storm were to happen today, we'd be "far more susceptible.". 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 exist to support the worlds transition to solar at scale. 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. 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. 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. 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. Check out our video and blog highlighting the phenomenal growth of solar and how Aurora empowers homeowners with a new energy experience. We value your teammates and the different perspectives they bring and respect, and celebrate our differences. Leading solar companies depend on Aurora to outpace the industry. We decided to go out to the site and measure the house by hand with the homeowner, and in every instance, Aurora was correct. BTi's products are used in multiple parts of the PV supply chain -from silicon ingots and wafers, through to finished cells. The Acquisition, the concurrent financing and stock option grant has been approved by the board of directors of Aurora. Discover what makes the Aurora platform the most accurate, profitable waytodeliver every stage of the solar product lifecycle. Our products provide rapid payback, with ongoing profitability for our customers. This means the sun will produce more solar flares, or powerful bursts of energy. 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. place undue reliance on the Company's forward-looking statements. "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. New Energy jobs added daily. The data provided from these measurement products provides the means to perform real time diagnostics, control, and equipment optimization quickly and effectively. Aurora Solar Technologies Inc. develops and markets inline measurement, visualization and control systems for the photovoltaic manufacturing industry. Energy and charged particles from the sun are then ejected into space. 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 Technologies Inc. is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. We can. In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". 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. Turkey might be just the right place to go. We want you to get the best possible results from our products. Tons of financial metrics for serious investors. On behalf of the Company, we would like to recognize the contributions of David and his energy and guidance will be missed. Aurora Solar Technologies develops, manufactures and markets inline quality control systems for the solar cell manufacturing industry. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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. NASA spotted a rare polar vortexthis month. Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. 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. Aurora Solar Technologies Inc. Mailing Address: 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7: Head Office Address: 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7: Contact Name: Gordon Deans: Principal Regulator: British Columbia: Business e-mail address: info@aurorasolartech.com: Access your favorite topics in a personalized feed while you're on the go. We would have no business, and would not be able to accomplish our mission without our customers. Granted, radio signals are much less important to basic communications today. Based in North Vancouver, British Columbia. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. BTi's R and W series products are used to verify the material effects of these processes on partially or wholly finished cells. 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" 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. Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? We have to make our customers more productive in their jobs, understanding that doing so adds value to society. 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 . Your customers get a premium experience and you save time. 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. Wafer and cell forms and configurations have all changed, with continually increasing sizes and performance demands. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Baker McKenzie LLP acted as Aurora's legal advisor on this transaction. Information is checked, categorised and connected. "Our adverts are very targeted (inverter manufacturer advert on inverter category etc.) products are used by some of the worlds most advanced and respected solar cell manufacturers. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. 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. 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. Aurora Heredia Snchez Digital Marketing Specialist | Team Leader Mlaga, Andalusia, Spain. All content is posted anonymously by employees working at Aurora Solar Technologies. 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. Due to advancements in solar energy technology, the . With headquarters near Vancouver, Canada, Aurora has operations in Sydney, Australia, Shanghai, China, and partners in all major solar manufacturing markets. Build because you should, not because you can. By clicking Sign up, you agree to receive marketing emails from Insider But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. 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. The sun is much more likely to throw energy our way during its maxima. 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. Those currents in our upper atmosphere interact with the particles in the ground. 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. The bright light of a solar flare on the left side of . That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. 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. 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. 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. For further information. 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. NASA's Parker Solar Probe, for instance, is heading for the sun and is likely to provide unprecedented images and exciting new data in December. 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. as well as other partner offers and accept our. What are co-workers like at Aurora Solar Technologies. Leverage your professional network, and get hired. "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.". 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. Changes wont be saved until you sign up for an Enhanced Profile subscription. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China and partners in all major solar manufacturing markets. The Aurora and BTi businesses are well placed to take advantage of these market trends. Aurora Solar Technologies 's ( ACU) Relative Strength Index (RSI) is 35.04, creating a Neutral signal. On 4 October 2022, the Company announced that Gordon Deans retired as the President and CEO of the Company; Mr. Deans will remain a member of the Board of Directors of the Company. (, Product Directory We are a remote first team with office options too. Let's deliver a new energy experience, one with the simplicity and predictability of a sunrise. Auroras products are designed specifically for inline applications in the PV manufacturing industry. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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. The sun is a big ball of plasma, heated at its center. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China, and partners in all major solar manufacturing markets. Sign up for notifications from Insider! We can keep accelerating solar growth, together. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. Solar flares can disrupt radio communications and electric power grids on Earth. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. The worst solar storm we've seen happened in 1859. 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. The Company recognizes there is room to improve based on the confidence of this adapted strategy. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Move fast and scale your sales and design operations with powerful artificial intelligence. Top editors give you the stories you want delivered right to your inbox each weekday. MARKET POSITION AND DEVELOPMENT, AND IMPACT OF THE COVID-19PANDEMIC. 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. In solar cell research and design applications, conducted in academic, government and industrial laboratories throughout the world, BTi's R series products are used to inspect and characterize wafer materials, examine experimental and pilot production design results, and verify electrical performance for comparison to design objectives. Aurora Solar Technologies 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7 Click to show company phone The sun also lets off radioactive material called solar energetic particles that can be dangerous to astronauts. 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. "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.". ", Solar Trade Platform and Directory of Solar Companies, Company Directory 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. 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. These so-called solar maximums occur roughly every 11 years, and they haven't been much of a problem in the past. Scientists are also learning more and more about our sun. Software Engineer, Computational Scientist, Product Marketing Manager, Competitive Intelligence.
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