The combined business's core expertise in process control and understanding of solar manufacturing techniques, and its ability to collaborate with customers and to attract enabling technologies, places the Company in a strong position to pursue emerging opportunities within North America, Australia and/or Europe. But if the radiation hits an astronaut in outer space, it can be very dangerous, Owens said. "Then you lose refrigeration, you lose power to hospitals things get quite serious quite rapidly," Owens added. Perovskite Cells Perovskite cells are flexible, lightweight, and low-cost solar cells made using perovskite and organic materials. Create a proposal with personalized, permit-quality accuracy with just an address and an electric bill. 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. 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. "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. Your customers get a premium experience and you save time. The interaction between these particles creates strong electrical currents that can flood infrastructure on Earth. These so-called solar maximums occur roughly every 11 years, and they haven't been much of a problem in the past. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. Announces President Changes, President, Chief Executive Officer & Director. 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: Finally, it is with deep sadness that the Company reports the passing of David Robinson who was a recent addition to the board. Changes wont be saved until you sign up for an Enhanced Profile subscription. (, Aurora Solar Technologies Announces Repeat Volume Orders, Aurora Solar Technologies Announces Order from Chinese Solar Cell Manufacturer, By using the ENF website without adjusting your cookies settings, you agree to our use of cookies as described in our, 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7. And the latest solar cycle, which peaked around 2010, was particularly quiet and may have lulled us into a false sense of security. 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. But several industries use radio signals to back up their other communications systems in case of failure. If youre reading this, you probably agree. 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. The worst solar storm we've seen happened in 1859. This business combination is expected to accelerate Aurora's growth by combining BTi's quality control tools with Aurora's InsightTM data science platform. By clicking Sign up, you agree to receive marketing emails from Insider 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? $500 home office stipends, $300/mo for hybrid work, and more. Aurora's products are designed specifically for inline applications in the PV manufacturing industry. Aurora Solar Technologies Inc. published this content on 01 March 2023 and is solely responsible for the information contained therein. Announces Chief Executive Officer Changes, Aurora Solar Technologies Inc. Aurora Solar Technologies, Inc. provides inline measurement, visualization, and control systems for the photovoltaic product manufacturing industry. All content is posted anonymously by employees working at Aurora Solar Technologies. The Company follows the orders and recommendations of relevant government health authorities in its operational jurisdictions and continues to evolve operational procedures as required. What are co-workers like at Aurora Solar Technologies. 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. "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's and BT Imaging'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. One damaged transformer won't cause much of an issue. Find those that will, and focus on what truly matters. Scientists are also learning more and more about our sun. All other material transaction terms remain unchanged. BTi's R series products are designed for laboratories and off-line production quality control and its W series products are used by silicon wafer and cell manufacturers for both in-line and off-line process control. Attaining "Grid Parity" with fossil fuel energy sources is the solar industry's most urgent and important challenge. 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. With headquarters near Vancouver, Canada, Aurora has operations in Sydney, Australia, Shanghai, China, and partners in all major solar manufacturing markets. 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. (, Product Directory "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. Aurora's website is located at www.aurorasolartech.com. 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7 Canada. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. 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. 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. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. Access your favorite topics in a personalized feed while you're on the go. T O O UR S HAREHOLDERS . 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. The sun itself might be erupting in more beautiful formations. 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. Take the time you need for the moments that matter. 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. Perovskite cells hold promise to enhance photovoltaic deployment in a wide range of applications, such as powering vehicles and boats. Due to advancements in solar energy technology, the . The sun is a big ball of plasma, heated at its center. Email. On 11 March 2020, the coronavirus outbreak ("Covid-19") was declared a pandemic by the World Health Organization. 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. 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. That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. Aurora's non-contact, high throughput DMTM and TCMTM products use proprietary patented technology, based on the principles of infrared spectroscopy sensing to measure the properties of the afore-mentioned solar cell chemical layers as they are deposited and thermally annealed. 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 was named Rising Star Company. Aurorans, solar professionals, society at largewe are all in this together. 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's website is located at www.aurorasolartech.com. These solar cells are then wired together (typically in groups of 60 or 70 cells) and framed to form modules. Phone: +1 (778) 241 5000 Aurora Solar Technologies salary trends based on salaries posted anonymously by Aurora Solar Technologies employees. Still, we're not in immediate danger. If the currents flood the electrical grid, they can blow up transformers. 1K followers 500+ connections 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. 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. Dont take things for granted and challenge assumptionsincluding your own. They are found in industrial facilities and virtually all major research institutes throughout Asia, Europe and North America. 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. 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. On demand, permit-ready solar plan sets available from Aurora in 24 hours. Even the International Space Station is still under the protection of the ionosphere. ", Solar Trade Platform and Directory of Solar Companies, Company Directory Copyright 2023 Surperformance. Software Engineer, Computational Scientist, Product Marketing Manager, Competitive Intelligence. The Company's capital markets strategy is being updated to support organic growth and inorganic opportunities. Aurora is an inline solar cell measurement equipment specialist. Announces Passing of Board Member, David Robinson, Aurora Solar Technologies Corporate Update Regarding Leadership, Aurora Solar Technologies Inc. For further information. These and other factors should be considered carefully, and thus, readers should not. Aurora Solar Technologies 's ( ACU) Trend Strength Indicator (ADX) is 31.32, creating a Neutral signal. 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. Those currents in our upper atmosphere interact with the particles in the ground. The sun is entering a period of peak activity that will last several years, an expert said. Get 20 years of historical ev to assets ratio charts for AACTF stock and other companies. Sign up for notifications from Insider! We believe that solar energy is key to creating a better future. Auroras products are designed specifically for inline applications in the PV manufacturing industry. 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. 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. Aurora's products are used by some of the world's most advanced and respected solar cell manufacturers. Aurora Solar Technologies 's ( ACU) Relative Strength Index (RSI) is 35.04, creating a Neutral signal. We have monthly wellness classes and workshops. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. 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. Give your sales team everything they need to close in one call: simple guided workflow, interactive consultations and eSignature to close on the spot. Do it for Jared. These forward-looking statements are made as of the date hereof. 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. is to bring quality and profitability to every customer through superior measurement, visualization and control of critical processes during solar cell manufacturing. In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". Solar flares can disrupt radio communications and electric power grids on Earth. So far, astronauts have been lucky. That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun. If you believe there is a better way to do it, speak up! Currency in CAD. Explore how you can get involved / how we can work together. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. Auroras. We value and celebrate great contributions, but ultimately, it is the outcome that matters. 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. 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. In the drive to Grid Parity, their unique products, built into the . 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. CAPTCHA. Claim your Free Employer Profile. "Our adverts are very targeted (inverter manufacturer advert on inverter category etc.) Distributed by Public, unedited and unaltered, on 01 March 2023 22:19:16 UTC. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China and partners in all major solar manufacturing markets. 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. We want you to get the best possible results from our products. This means the sun will produce more solar flares, or powerful bursts of energy. 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. Aurora's website is located at www.aurorasolartech.com. Our products provide rapid payback, with ongoing profitability for our customers. This changing industry landscape and the pace of developments presents ongoing opportunities for high-end process control suppliers of measurement and automated diagnostic technologies. 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. There are any number of things you could build, but will they all make a significant difference in our clients lives? We know we can always do better, and we strive to do so every day. 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 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. BTi's products are used in multiple parts of the PV supply chain -from silicon ingots and wafers, through to finished cells. AACTF Aurora Solar Technologies Inc 1,127 $0.0392 $0.0027 (7.40%) Today $0.00 0.00 (0.00%) After Hours Market Cap $8.67M 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. 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.
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