Aurora's products are used by some of the world's most advanced and respected solar cell manufacturers. Glassdoor gives you an inside look at what it's like to work at Aurora Solar Technologies, including salaries, reviews, office photos, and more. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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's December 2022 quarter will be the first consolidated one after the cost intensive September quarter that includes large one-time acquisition costs. The sun is much more likely to throw energy our way during its maxima. Keep asking questions and keep challenging yourself. All content is posted anonymously by employees working at Aurora Solar Technologies. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com (, Product Directory 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. 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" 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. Tons of financial metrics for serious investors. T O O UR S HAREHOLDERS . 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. If youre reading this, you probably agree. If the currents flood the electrical grid, they can blow up transformers. The interaction between these particles creates strong electrical currents that can flood infrastructure on Earth. 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. Humans on Earth are shielded from that radiation, as most of it bounces off the ionosphere and the rest is absorbed by the atmosphere. This acquisition broadens the combined business by product and its process control systems capability along with diversifying sales by customer, product and geographic region. Email. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. The data provided from these measurement products provides the means to perform real time diagnostics, control, and equipment optimization quickly and effectively. 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. 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. Your customers get a premium experience and you save time. 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. "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. 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's website is located at www.aurorasolartech.com. Leverage your professional network, and get hired. variations. We believe that solar energy is key to creating a better future. Message. 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. 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. 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. 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. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. 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 . Here are some solar technologies in 2022 that we're keeping an eye on. Aurora Solar was named Rising Star Company. Claim your Free Employer Profile. On 7 November 2011, it acquired Aurora Control Technologies Inc. through a reverse takeover and initiated its current business operations. 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 . Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? 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. There are any number of things you could build, but will they all make a significant difference in our clients lives? Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. Take the time you need for the moments that matter. Our products provide rapid payback, with ongoing profitability for our customers. Attaining "Grid Parity" with fossil fuel energy sources is the solar industry's most urgent and important challenge. In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". 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. Perovskite cells hold promise to enhance photovoltaic deployment in a wide range of applications, such as powering vehicles and boats. 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. "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,. 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. A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. This business combination is expected to accelerate Aurora's growth by combining BTi's quality control tools with Aurora's InsightTM data science platform. BTi, a private Australian company, is an established leader in photoluminescence (PL) imaging tools for PV material inspection and quality control during production, and for laboratory use during product development. Contact Aurora Solar Technologies. The total consideration issued by Aurora to BTi shareholders for this Acquisition was 62,969,351 common shares and $1,205,310 in cash. 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. 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 Inc. develops and markets inline measurement, visualization and control systems for the photovoltaic manufacturing industry. The Company's capital markets strategy is being updated to support organic growth and inorganic opportunities. Auroras momentum has picked up over the last few years, right alongside solar. And when you do, build it well. The sun itself might be erupting in more beautiful formations. The Company follows the orders and recommendations of relevant government health authorities in its operational jurisdictions and continues to evolve operational procedures as required. BTi's products are used in multiple parts of the PV supply chain -from silicon ingots and wafers, through to finished cells. Get the ev to assets ratio charts for Aurora Solar Technologies (AACTF). 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 the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. "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. 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. 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. We know we can always do better, and we strive to do so every day. 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. Headquarters. Aurora Solar is a fast growing technology company that enables solar professionals to remotely design and sell solar and storage projects. 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. Even the International Space Station is still under the protection of the ionosphere. The Company recognizes there is room to improve based on the confidence of this adapted strategy. 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. BTi's R and W series products are used to verify the material effects of these processes on partially or wholly finished cells. BT Imaging's year end (June 30, 2022) audit is nearing completion without any material issues being identified and the Company remains on track for filing its Business Acquisition Report on November 8, 2022. The Aurora and BTi businesses are well placed to take advantage of these market trends. The sun is a big ball of plasma, heated at its center. Aurora Solar's platform uses computer vision to help solar companies rapidly design systems tailored to customers' specific needs. Changes wont be saved until you sign up for an Enhanced Profile subscription. Leading solar companies depend on Aurora to outpace the industry. 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. Its proprietary measurement and modeling technologies help. Last Name. Aurora Solar Technologies 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7 Click to show company phone Energy and charged particles from the sun are then ejected into space. 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 only way we can achieve our dreams and goals is by working together. 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. Aurora Solar Technologies salary trends based on salaries posted anonymously by Aurora Solar Technologies employees. 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. Engage homeowners with an instant, personalized 3D solar estimate that builds your brand credibility and makes you stand out from the rest. The other primary objective was to achieve alignment among senior leadership by: (i) stabilizing the Aurora business through synergies derived from the BT Imaging acquisition combined with a disciplined approach to Insight's product commercialization; (ii) leveraging available synergies to support growth; and (iii) embracing a broadened product suite and customer base to better position the combined company for diversification. Aurora's and BT Imaging's products are used by some of the world's most advanced and respected solar cell manufacturers. 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. On 11 March 2020, the coronavirus outbreak ("Covid-19") was declared a pandemic by the World Health Organization. The BBC reported that auroras were seen in the southern UK on Sunday night and that more were expected in the coming days. 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 three months ended 31 December 2022 and 2021, and the related notes attached thereto, which were prepared in accordance with International Financial Reporting Standards ("IFRS"). 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. For further information. M ANAGEMENT D ISCUSSION AND A NALYSIS . Aurora Solar Technologies 's ( ACU) Trend Strength Indicator (ADX) is 31.32, creating a Neutral signal. Aurora Solar Technologies 's ( ACU) Relative Strength Index (RSI) is 35.04, creating a Neutral signal. 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. 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. On demand, permit-ready solar plan sets available from Aurora in 24 hours. 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. Those currents in our upper atmosphere interact with the particles in the ground. This is the Aurora Solar Technologies company profile. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. Scientists, however, fear that our reliance on electricity and interconnectivity could mean we're far more vulnerable to their effects this time around. Move fast and scale your sales and design operations with powerful artificial intelligence. place undue reliance on the Company's forward-looking statements. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. "And they're nearly always there, but they become very much stronger when we've got a geomagnetic storm going on.". 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. Finally, it is with deep sadness that the Company reports the passing of David Robinson who was a recent addition to the board. Software Engineer, Computational Scientist, Product Marketing Manager, Competitive Intelligence. 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. We can keep accelerating solar growth, together. The address of the Company's corporate and administrative office and principal place of business is #100 - 788 Harbourside Drive, North Vancouver, BC, V7P 3R7. 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 bright light of a solar flare on the left side of . Copyright 2023 Surperformance. "They missed it purely by chance, and it could have been fatal for the astronauts at the time," Owens said. So far, we've been lucky. Create a highly accurate solar design without having to visit the site, saving time and money during the quoting process. Create a proposal with personalized, permit-quality accuracy with just an address and an electric bill. The plasma, which is made of charged particles, boils toward the surface, cools down, and sinks back toward the core again. 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. Phone. 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. Check out our video and blog highlighting the phenomenal growth of solar and how Aurora empowers homeowners with a new energy experience. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. Aurora Heredia Snchez Digital Marketing Specialist | Team Leader Mlaga, Andalusia, Spain. Delayed Bourse de Toronto We value your teammates and the different perspectives they bring and respect, and celebrate our differences. Director of Solar Development, Solar Energy Services ; We've had 4 cases where customers didn't agree with the measurements on the Aurora design that we presented virtually. 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. "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. One damaged transformer won't cause much of an issue. Dont accept the status quojust because it is, doesnt mean it has to be. 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. Aurora Solar Technologies 's ( ACU) Commodity Channel Index (CCI) is -196.40, creating a Buy signal. Distributed by Public, unedited and unaltered, on 01 March 2023 22:19:16 UTC. Aurora Solar Technologies Inc. published this content on 01 March 2023 and is solely responsible for the information contained therein. Aurora is an inline solar cell measurement equipment specialist. Aurora Solar Technologies Inc. is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. Find those that will, and focus on what truly matters. Baker McKenzie LLP acted as Aurora's legal advisor on this transaction. We decided to go out to the site and measure the house by hand with the homeowner, and in every instance, Aurora was correct. 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. Scientists are also learning more and more about our sun. Information is checked, categorised and connected. Dont take things for granted and challenge assumptionsincluding your own. Aurora's momentum has picked up over the last few years, right alongside solar. 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. Phone: +1 (778) 241 5000 Access your favorite topics in a personalized feed while you're on the go. This decision has delivered intended benefits beyond obvious cost savings. Aurora's website is located at www.aurorasolartech.com. 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. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. 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: Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. ENF Solar is a definitive directory of solar companies and products. Dont stay static, dont stagnate. 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. We have to make our customers more productive in their jobs, understanding that doing so adds value to society. 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. 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. Still, we're not in immediate danger. 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. 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. $500 home office stipends, $300/mo for hybrid work, and more. 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. A copy of this Management Discussion and Analysis ("MD&A") will be provided to any applicant upon request. Ltd. ("BTi"), a global leader in photoluminescence (PL) imaging tools and instruments for PV material inspection and quality control. Today's top 113 Energy jobs in Mlaga, Andalusia, Spain. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis, and control systems for solar cell manufacturers. Discover what makes the Aurora platform the most accurate, profitable waytodeliver every stage of the solar product lifecycle. 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. From the first impression to project installation, with Aurora, you can provide a personalized solar customer experience that is uncomplicated. 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. To achieve the high electrical efficiencies that are now common, strict control of variations in these processes is required during cell manufacturing. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. "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.".

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