The sun may be waking up after almost a decade of relative calm, scientists say and that could cause problems on Earth. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. Email. as well as other partner offers and accept our. Message. "And they're nearly always there, but they become very much stronger when we've got a geomagnetic storm going on.". The sun is much more likely to throw energy our way during its maxima. Aurora Solar Technologies 's ( ACU) Trend Strength Indicator (ADX) is 31.32, creating a Neutral signal. 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. Aurora Solar Technologies is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. Delayed Bourse de Toronto We decided to go out to the site and measure the house by hand with the homeowner, and in every instance, Aurora was correct. 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. Give your sales team everything they need to close in one call: simple guided workflow, interactive consultations and eSignature to close on the spot. Aurora Solar Technologies Inc. is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. That's when the solar maximum happens. 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. On 11 March 2020, the coronavirus outbreak ("Covid-19") was declared a pandemic by the World Health Organization. Perovskite cells hold promise to enhance photovoltaic deployment in a wide range of applications, such as powering vehicles and boats. Even the International Space Station is still under the protection of the ionosphere. Auroras momentum has picked up over the last few years, right alongside solar. 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. Move fast and scale your sales and design operations with powerful artificial intelligence. how about disabling your ad blocker on ENF? 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. 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. Dont take things for granted and challenge assumptionsincluding your own. 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. Before you hire a solar panel installation company in Vlez-Mlaga, Andalusia, shop through our network of over 7 local solar panel installation companies. Finally, it is with deep sadness that the Company reports the passing of David Robinson who was a recent addition to the board. 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. This acquisition broadens the combined business by product and its process control systems capability along with diversifying sales by customer, product and geographic region. Perovskite Cells Perovskite cells are flexible, lightweight, and low-cost solar cells made using perovskite and organic materials. At the end of October, BT Imaging held its first board meeting and management operations review since the acquisition. The sun also lets off radioactive material called solar energetic particles that can be dangerous to astronauts. We value and celebrate great contributions, but ultimately, it is the outcome that matters. BTi develops and markets several material inspection and quality control tools. Claim your Free Employer Profile. 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. All rights reserved. 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. One damaged transformer won't cause much of an issue. 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. "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.". On demand, permit-ready solar plan sets available from Aurora in 24 hours. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. 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. Average salaries for Aurora Solar Technologies Director Of Technology: $165,000. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, investors are cautioned that such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The sun is a big ball of plasma, heated at its center. Each Unit consists of one common share of the Company and one share purchase warrant to acquire a common share of the Company at an exercise price of $0.20 for a period of one year. Aurora's products are designed specifically for inline applications in the PV manufacturing industry. "They missed it purely by chance, and it could have been fatal for the astronauts at the time," Owens said. 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 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. As the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. 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. With each decade, we become more dependent on electrical infrastructure, he 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. Announces President Changes, President, Chief Executive Officer & Director. Software Engineer, Computational Scientist, Product Marketing Manager, Competitive Intelligence. 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. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. We would have no business, and would not be able to accomplish our mission without our customers. Phone: +1 (778) 241 5000 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. The interaction between these particles creates strong electrical currents that can flood infrastructure on Earth. See how the latest advancements in Aurora and HelioScope are making solar sales, design and delivery easier and faster. $500 home office stipends, $300/mo for hybrid work, and more. The solar or photovoltaic ("PV") energy industry is relatively young, fast-growing, and evolving in importance within the energy sector. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. 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. 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. Solar flares can disrupt radio communications and electric power grids on Earth. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. The worst solar storm we've seen happened in 1859. But several industries use radio signals to back up their other communications systems in case of failure. BTi's products are used in multiple parts of the PV supply chain -from silicon ingots and wafers, through to finished cells. On 7 November 2011, it acquired Aurora Control Technologies Inc. through a reverse takeover and initiated its current business operations. 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. 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. "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. Aurora Solar is a fast growing technology company that enables solar professionals to remotely design and sell solar and storage projects. The data provided from these measurement products provides the means to perform real time diagnostics, control, and equipment optimization quickly and effectively. Leading solar companies depend on Aurora to outpace the industry. BTi's R and W series products are used to verify the material effects of these processes on partially or wholly finished cells. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. 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. 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. Aurora Solar Technologies salary trends based on salaries posted anonymously by Aurora Solar Technologies employees. The only way we can achieve our dreams and goals is by working together. We can keep accelerating solar growth, together. Aurora's website is located at www.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.". 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. Changes wont be saved until you sign up for an Enhanced Profile subscription. Aurora's momentum has picked up over the last few years, right alongside solar. We're starting to see some of the effects of these solar flares. A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. They allow process engineers and production-line operators to rapidly detect and correct process excursions, material faults and optimize processes, thereby increasing our customers throughput, yield and profit. Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? Contact Aurora Solar Technologies. 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. 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. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. In the drive to Grid Parity, their unique products, built into the . 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. The total consideration issued by Aurora to BTi shareholders for this Acquisition was 62,969,351 common shares and $1,205,310 in cash. There are any number of things you could build, but will they all make a significant difference in our clients lives? Copyright 2023 Surperformance. From the first impression to project installation, with Aurora, you can provide a personalized solar customer experience that is uncomplicated. There isnt a better time to join solar. All other material transaction terms remain unchanged. Our solar platform transforms the process of designing, selling, and delivering projects. BTi brings a powerful brand, a world-class complementary product line and delivery team, and deep industry knowledge and strategic relationships such as with the University of New South Wales", said Gordon Deans, Aurora's President and CEO. Aurora's website is located at www.aurorasolartech.com. Tons of financial metrics for serious investors. 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. Engage homeowners with an instant, personalized 3D solar estimate that builds your brand credibility and makes you stand out from the rest. "We are delighted to have completed this important acquisition, as a key element of our growth and market development strategy in process control and yield management solutions for the PV industry. First Name. The bright light of a solar flare on the left side of . 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. Scientists are also learning more and more about our sun. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China, and partners in all major solar manufacturing markets. 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. Aurora makes it smoother for everyone to switch to solar energyby transforming the way projects are designed, sold, and delivered. 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. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. The Company recognizes there is room to improve based on the confidence of this adapted strategy. All securities issued pursuant to the private placement are subject to a hold period that expires on December 26, 2022. place undue reliance on the Company's forward-looking statements. Aurora Solar Technologies 's ( ACU) Commodity Channel Index (CCI) is -196.40, creating a Buy signal. As the sun's local magnetic fields get more tangled and crash into each other, they can explode. We have monthly wellness classes and workshops. 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 decision has delivered intended benefits beyond obvious cost savings. ", Solar Trade Platform and Directory of Solar Companies, Company Directory Build because you should, not because you can. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. "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,. Granted, radio signals are much less important to basic communications today. That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. With headquarters near Vancouver, Canada, Aurora has operations in Sydney, Australia, Shanghai, China, and partners in all major solar manufacturing markets. To achieve the high electrical efficiencies that are now common, strict control of variations in these processes is required during cell manufacturing. This means the sun will produce more solar flares, or powerful bursts of energy. 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. 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. In addition, the combined business is beginning to show signs of diversification with a new Insight evaluation deployed last week in Malaysia with one of the world's largest PV manufactures. 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. 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. 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. 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. 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. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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. As these geomagnetic storms crash into the ionosphere, they can make auroras shine big and bright. 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. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. 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. We are a remote first team with office options too. BTi's W series products are also used later in wafer production or at the incoming stage of cell production for quality assurance and classification of the as-cut wafers. 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. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China and partners in all major solar manufacturing markets. 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. Join us to create a future of solar energy for all. Its technology improves solar cell efficiency . This is the Aurora Solar Technologies company profile. 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. Do it for Jared. 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. Create a highly accurate solar design without having to visit the site, saving time and money during the quoting process.