The sun is a big ball of plasma, heated at its center. Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. Aurorans, solar professionals, society at largewe are all in this together. MARKET POSITION AND DEVELOPMENT, AND IMPACT OF THE COVID-19PANDEMIC. This means the sun will produce more solar flares, or powerful bursts of energy. Glassdoor gives you an inside look at what it's like to work at Aurora Solar Technologies, including salaries, reviews, office photos, and more. Our solar platform transforms the process of designing, selling, and delivering projects. 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. We offer an extensive suite of services from measurement and control planning to system installation and post-installation support and optimization. Forward-looking statements reflect current expectations of management regarding future events and operating performance as of the date of the MD&A. "Our adverts are very targeted (inverter manufacturer advert on inverter category etc.) Let's deliver a new energy experience, one with the simplicity and predictability of a sunrise. And when you do, build it well. We have monthly wellness classes and workshops. Those currents in our upper atmosphere interact with the particles in the ground. In the drive to Grid Parity, their unique products, built into the . 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: Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. Get 20 years of historical ev to assets ratio charts for AACTF stock and other companies. 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. This decision has delivered intended benefits beyond obvious cost savings. Announces Passing of Board Member, David Robinson, Aurora Solar Technologies Corporate Update Regarding Leadership, Aurora Solar Technologies Inc. Explore how you can get involved / how we can work together. place undue reliance on the Company's forward-looking statements. Still, a space-weather event in 1989 shows just how vulnerable we've become: A huge geomagnetic storm on March 13 cut power for 6 million people in Quebec for nine hours. 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. 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 data provided from these measurement products provides the means to perform real time diagnostics, control, and equipment optimization quickly and effectively. Message. Many of the global government measures to contain and prevent the further spread of the virus have had a dramatic impact on the global economy in the terms of supply chain constraints resulting in adapted procedures and proactive pricing policies relating to purchasing, productions, sales and deliveries. Aurora Solar Technologies, Inc. provides inline measurement, visualization, and control systems for the photovoltaic product manufacturing industry. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. Dont take things for granted and challenge assumptionsincluding your own. 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. But several industries use radio signals to back up their other communications systems in case of failure. 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. Its technology improves solar cell efficiency . We're starting to see some of the effects of these solar flares. Due to advancements in solar energy technology, the . Take the time you need for the moments that matter. 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. BTi's products are used in multiple parts of the PV supply chain -from silicon ingots and wafers, through to finished cells. Leading solar companies depend on Aurora to outpace the industry. We can. All amounts are expressed in Canadian dollars, unless otherwise indicated. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. To bring these products together as a system, Aurora's InsightTM, is a new proprietary "data science" software platform that extends the combined company's product portfolio to provide plant-wide smart factory monitoring by translating measurements into actionable information to improve manufacturing performance. Sign up for notifications from Insider! 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. View Products Services We want you to get the best possible results from our products. 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. A single solar panel can cost around 400 euros to install, but obviously, this may vary depending on the size and type of system. On behalf of the Company, we would like to recognize the contributions of David and his energy and guidance will be missed. That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun. ", Solar Trade Platform and Directory of Solar Companies, Company Directory For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.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. In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". But if the radiation hits an astronaut in outer space, it can be very dangerous, Owens said. We value your teammates and the different perspectives they bring and respect, and celebrate our differences. These so-called solar maximums occur roughly every 11 years, and they haven't been much of a problem in the past. 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. And the latest solar cycle, which peaked around 2010, was particularly quiet and may have lulled us into a false sense of security. Join us to create a future of solar energy for all. Aurora Solar Technologies 's ( ACU) Commodity Channel Index (CCI) is -196.40, creating a Buy signal. Tons of financial metrics for serious investors. Aurora's products are used by some of the world's most advanced and respected solar cell manufacturers. Top editors give you the stories you want delivered right to your inbox each weekday. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. To achieve the high electrical efficiencies that are now common, strict control of variations in these processes is required during cell manufacturing. BT Imaging's website is located at www.btimaging.com. Phone. Keep asking questions and keep challenging yourself. Stay up to date with what you want to know. Still, we're not in immediate danger. "Then you lose refrigeration, you lose power to hospitals things get quite serious quite rapidly," Owens added. Check out our video and blog highlighting the phenomenal growth of solar and how Aurora empowers homeowners with a new energy experience. 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. 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. A copy of this Management Discussion and Analysis ("MD&A") will be provided to any applicant upon request. All rights reserved. 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. 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. Perovskite cells hold promise to enhance photovoltaic deployment in a wide range of applications, such as powering vehicles and boats. Aurora Solar Technologies 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7 Click to show company phone 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. how about disabling your ad blocker on ENF? Aurora Solar Technologies develops, manufactures and markets inline quality control systems for the solar cell manufacturing industry. Baker McKenzie LLP acted as Aurora's legal advisor on this transaction. The plasma, which is made of charged particles, boils toward the surface, cools down, and sinks back toward the core again. So far, we've been lucky. 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. 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. 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. All securities issued pursuant to the private placement are subject to a hold period that expires on December 26, 2022. Scientists are also learning more and more about our sun. Aurora Solar Technologies Inc. published this content on 01 March 2023 and is solely responsible for the information contained therein. Additional roles may be added at the technical, operational and board level to advance the business in its three locations, Vancouver, Sydney and Shanghai. 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. M ANAGEMENT D ISCUSSION AND A NALYSIS . Aurora's and BT Imaging's products are used by some of the world's most advanced and respected solar cell manufacturers. "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. Announces Chief Executive Officer Changes, Aurora Solar Technologies Inc. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. Not an offer or recommendation by Stocktwits. If you believe there is a better way to do it, speak up! BTi's R and W series products are used to verify the material effects of these processes on partially or wholly finished cells. "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.". A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. T O O UR S HAREHOLDERS . Aurora Solar Technologies 's ( ACU) Relative Strength Index (RSI) is 35.04, creating a Neutral signal. 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. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. 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. The Aurora and BTi businesses are well placed to take advantage of these market trends. We know we can always do better, and we strive to do so every day. The sun itself might be erupting in more beautiful formations. 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. They are found in industrial facilities and virtually all major research institutes throughout Asia, Europe and North America. 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. 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. 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. 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. Our products provide rapid payback, with ongoing profitability for our customers. 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 BBC reported that auroras were seen in the southern UK on Sunday night and that more were expected in the coming days. 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. "And they're nearly always there, but they become very much stronger when we've got a geomagnetic storm going on.". Leverage your professional network, and get hired. "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. 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. 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? 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. variations. We are a remote first team with office options too. 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. See disclosure here. Aurora's website is located at www.aurorasolartech.com. On demand, permit-ready solar plan sets available from Aurora in 24 hours. Read through customer reviews, check out their past projects and then request a quote from the best solar panel installation companies near you. 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. By clicking Sign up, you agree to receive marketing emails from Insider "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. Aurora Solar's platform uses computer vision to help solar companies rapidly design systems tailored to customers' specific needs. Auroras momentum has picked up over the last few years, right alongside solar. 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. Its proprietary measurement and modeling technologies help. Finally, it is with deep sadness that the Company reports the passing of David Robinson who was a recent addition to the board. There isnt a better time to join solar. This changing industry landscape and the pace of developments presents ongoing opportunities for high-end process control suppliers of measurement and automated diagnostic technologies. All content is posted anonymously by employees working at Aurora Solar Technologies. 1K followers 500+ connections Auroras. 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. Turkey might be just the right place to go. 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"). As the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. These forward-looking statements are made as of the date hereof. 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. "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.". See how the latest advancements in Aurora and HelioScope are making solar sales, design and delivery easier and faster. CAPTCHA. 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. Contact Aurora Solar Technologies. Move fast and scale your sales and design operations with powerful artificial intelligence. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. 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. Announces President Changes, President, Chief Executive Officer & Director. 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. Engage homeowners with an instant, personalized 3D solar estimate that builds your brand credibility and makes you stand out from the rest. Aurora Solar Technologies Inc. is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. At the end of October, BT Imaging held its first board meeting and management operations review since the acquisition. Ltd. ("BTi"), a global leader in photoluminescence (PL) imaging tools and instruments for PV material inspection and quality control. Aurora's website is located at www.aurorasolartech.com. 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. 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. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. The Company's leadership is evolving following the acquisition of BT Imaging and is the beneficiary of a young, technically smart and motivated team. We work together to achieve a common goal, not for individual objectives. Information is checked, categorised and connected. 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. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. 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. 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. Dont stay static, dont stagnate. Wafer and cell forms and configurations have all changed, with continually increasing sizes and performance demands. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis, and control systems for solar cell manufacturers. Aurora's products are designed specifically for inline applications in the PV manufacturing industry. Solar flares can disrupt radio communications and electric power grids on Earth. Aurora Solar Technologies Overview Work Here? We would have no business, and would not be able to accomplish our mission without our customers. 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. 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. Do it for Jared. as well as other partner offers and accept our. Humans on Earth are shielded from that radiation, as most of it bounces off the ionosphere and the rest is absorbed by the atmosphere. -, Aurora Solar Technologies Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022. 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 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. $500 home office stipends, $300/mo for hybrid work, and more. We exist to support the worlds transition to solar at scale. The worst solar storm we've seen happened in 1859. 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. 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. Here are some solar technologies in 2022 that we're keeping an eye on. Aurora Solar Technologies Inc. develops and markets inline measurement, visualization and control systems for the photovoltaic manufacturing industry. 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.