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 goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. 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 is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. 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. We work together to achieve a common goal, not for individual objectives. Image: Aurora Solar Technologies Inline solar cell measurement equipment specialist Aurora Solar Technologies (AST) has. 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. 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'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. There isnt a better time to join solar. Keep asking questions and keep challenging yourself. products are used by some of the worlds most advanced and respected solar cell manufacturers. This changing industry landscape and the pace of developments presents ongoing opportunities for high-end process control suppliers of measurement and automated diagnostic technologies. So far, we've been lucky. Attaining "Grid Parity" with fossil fuel energy sources is the solar industry's most urgent and important challenge. Its proprietary measurement and modeling technologies help. Additional roles may be added at the technical, operational and board level to advance the business in its three locations, Vancouver, Sydney and Shanghai. This can trigger some bizarre phenomena. Solar flares can disrupt radio communications and electric power grids on Earth. 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. Aurora's website is located at www.aurorasolartech.com. 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. 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. "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.". 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. 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. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. We offer an extensive suite of services from measurement and control planning to system installation and post-installation support and optimization. The Company follows the orders and recommendations of relevant government health authorities in its operational jurisdictions and continues to evolve operational procedures as required. 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. 14 weeks of parental leave at 100% base salary. Discover what makes the Aurora platform the most accurate, profitable waytodeliver every stage of the solar product lifecycle. 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. These so-called solar maximums occur roughly every 11 years, and they haven't been much of a problem in the past. 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. See how the latest advancements in Aurora and HelioScope are making solar sales, design and delivery easier and faster. Changes wont be saved until you sign up for an Enhanced Profile subscription. 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. 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. New Energy jobs added daily. 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. Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. All amounts are expressed in Canadian dollars, unless otherwise indicated. 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. They are found in industrial facilities and virtually all major research institutes throughout Asia, Europe and North America. 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. That could cause problems for air travel. 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 . Announces Chief Executive Officer Changes, Aurora Solar Technologies Inc. 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. Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? Finally, it is with deep sadness that the Company reports the passing of David Robinson who was a recent addition to the board. Currency in CAD. Claim your Free Employer Profile. Aurora's momentum has picked up over the last few years, right alongside solar. The Company's leadership is evolving following the acquisition of BT Imaging and is the beneficiary of a young, technically smart and motivated team. On demand, permit-ready solar plan sets available from Aurora in 24 hours. 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. 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. 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. "Aurora Solar currently deals with approximately fifteen of the largest solar manufacturers in the world and they ran a beta product and the customer who's running the beta basically said,. 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. See disclosure here. A single solar panel can cost around 400 euros to install, but obviously, this may vary depending on the size and type of system. 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. Headquarters. On 7 November 2011, it acquired Aurora Control Technologies Inc. through a reverse takeover and initiated its current business operations. At the end of October, BT Imaging held its first board meeting and management operations review since the acquisition. All answers shown come directly from Aurora Solar Technologies Reviews and are not edited or altered. -, Aurora Solar Technologies Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022. As these geomagnetic storms crash into the ionosphere, they can make auroras shine big and bright. 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. 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. 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. ENF Solar is a definitive directory of solar companies and products. 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. 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's website is located at www.aurorasolartech.com. Scientists are also learning more and more about our sun. The sun also lets off radioactive material called solar energetic particles that can be dangerous to astronauts. "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. Create a proposal with personalized, permit-quality accuracy with just an address and an electric bill. If youre reading this, you probably agree. And when you do, build it well. That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun. 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. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. Phone. 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. T O O UR S HAREHOLDERS . 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. These and other factors should be considered carefully, and thus, readers should not. That energy can affect communication by messing with the ionosphere, a layer of charged particles in our upper atmosphere. Our solar platform transforms the process of designing, selling, and delivering projects. (, Product Directory Scientists, however, fear that our reliance on electricity and interconnectivity could mean we're far more vulnerable to their effects this time around. 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. 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. 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. That's when the solar maximum happens. The sun may be waking up after almost a decade of relative calm, scientists say and that could cause problems on Earth. With headquarters near Vancouver, Canada, Aurora has operations in Sydney, Australia, Shanghai, China, and partners in all major solar manufacturing markets. 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. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. As the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. 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. In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". 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. This is the Aurora Solar Technologies company profile. 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 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. On 11 March 2020, the coronavirus outbreak ("Covid-19") was declared a pandemic by the World Health Organization. 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. 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.