This business combination is expected to accelerate Aurora's growth by combining BTi's quality control tools with Aurora's InsightTM data science platform. "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. We are a remote first team with office options too. In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". Changes wont be saved until you sign up for an Enhanced Profile subscription. Your customers get a premium experience and you save time. Humans on Earth are shielded from that radiation, as most of it bounces off the ionosphere and the rest is absorbed by the atmosphere. Here are some solar technologies in 2022 that we're keeping an eye on. The sun may be waking up after almost a decade of relative calm, scientists say and that could cause problems on Earth. 100% free, no signups. 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. 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. 14 weeks of parental leave at 100% base salary. 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. 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. The Company has issued 11,650,000 units (the "Units") at the price of $0.10 per Unit for gross proceeds of $1,165,000. All other material transaction terms remain unchanged. BTi's products are used in multiple parts of the PV supply chain -from silicon ingots and wafers, through to finished cells. 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. So far, astronauts have been lucky. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis, and control systems for solar cell manufacturers. "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,. 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. Dont accept the status quojust because it is, doesnt mean it has to be. Perovskite Cells Perovskite cells are flexible, lightweight, and low-cost solar cells made using perovskite and organic materials. 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. Aurora's and BT Imaging's products are used by some of the world's most advanced and respected solar cell manufacturers. 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. The sun is entering a period of peak activity that will last several years, an expert said. The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. Average salaries for Aurora Solar Technologies Director Of Technology: $165,000. 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. The Company follows the orders and recommendations of relevant government health authorities in its operational jurisdictions and continues to evolve operational procedures as required. Currency in CAD. 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. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China and partners in all major solar manufacturing markets. BTi develops and markets several material inspection and quality control tools. Get the ev to assets ratio charts for Aurora Solar Technologies (AACTF). We offer an extensive suite of services from measurement and control planning to system installation and post-installation support and optimization. Software Engineer, Computational Scientist, Product Marketing Manager, Competitive Intelligence. The Aurora and BTi businesses are well placed to take advantage of these market trends. The Company's capital markets strategy is being updated to support organic growth and inorganic opportunities. Today's top 113 Energy jobs in Mlaga, Andalusia, Spain. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. Leading solar companies depend on Aurora to outpace the industry. ENF Solar is a definitive directory of solar companies and products. These solar cells are then wired together (typically in groups of 60 or 70 cells) and framed to form modules. The bright light of a solar flare on the left side of . The rays can change the magnetic fields in the ionosphere, which can affect GPS signals that have to pierce through that layer to reach Earth. These forward-looking statements are made as of the date hereof. But if the radiation hits an astronaut in outer space, it can be very dangerous, Owens said. This is the Aurora Solar Technologies company profile. 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. 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. 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. See disclosure here. Aurora's website is located at www.aurorasolartech.com. 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. Dont stay static, dont stagnate. 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"). 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. 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. New Energy jobs added daily. 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. "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. 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. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Medical, Dental, and Vision plans are 100% covered. 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. Announces Chief Executive Officer Changes, Aurora Solar Technologies Inc. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. Build because you should, not because you can. With each decade, we become more dependent on electrical infrastructure, he said. A single solar panel can cost around 400 euros to install, but obviously, this may vary depending on the size and type of system. 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. Auroras. 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7 Canada. 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. 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. Glassdoor gives you an inside look at what it's like to work at Aurora Solar Technologies, including salaries, reviews, office photos, and more. 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. The sun itself might be erupting in more beautiful formations. 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. Aurora Solar was named Rising Star Company. Not an offer or recommendation by Stocktwits. Scientists, however, fear that our reliance on electricity and interconnectivity could mean we're far more vulnerable to their effects this time around. A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. HIGHLIGHTS, SIGNIFICANT EVENTS AND TRANSACTIONS DURING THE PERIOD, The Business Acquisition report relating to the acquisition of BT Imaging PTY Ltd. was filed on Sedar on 8 November 2022. That energy can affect communication by messing with the ionosphere, a layer of charged particles in our upper atmosphere. "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. If youre reading this, you probably agree. Take the time you need for the moments that matter. is to bring quality and profitability to every customer through superior measurement, visualization and control of critical processes during solar cell manufacturing. But several industries use radio signals to back up their other communications systems in case of failure. 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. 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. Auroras momentum has picked up over the last few years, right alongside solar. 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. 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 Gordon Deans has retired as President and CEO of the Company effective as of October 1, 2022, following 13 years as a Founder and senior executive. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. 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. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. 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. If the currents flood the electrical grid, they can blow up transformers. Aurora makes it smoother for everyone to switch to solar energyby transforming the way projects are designed, sold, and delivered. This means the sun will produce more solar flares, or powerful bursts of energy. (, Product Directory Engage homeowners with an instant, personalized 3D solar estimate that builds your brand credibility and makes you stand out from the rest. The Company's leadership is evolving following the acquisition of BT Imaging and is the beneficiary of a young, technically smart and motivated team. They believe that solar power will dominate the renewable energy field, and their mission is to bring quality and profitability to every customer through superior control of critical processes during solar cell manufacturing. 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. 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 the drive to Grid Parity, their unique products, built into the . "Our adverts are very targeted (inverter manufacturer advert on inverter category etc.) 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. 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. $500 home office stipends, $300/mo for hybrid work, and more. They are found in industrial facilities and virtually all major research institutes throughout Asia, Europe and North America. We have to make our customers more productive in their jobs, understanding that doing so adds value to society. Aurora Solar's platform uses computer vision to help solar companies rapidly design systems tailored to customers' specific needs. That could cause problems for air travel. Our solar platform transforms the process of designing, selling, and delivering projects. 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. 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. Before you hire a solar panel installation company in Vlez-Mlaga, Andalusia, shop through our network of over 7 local solar panel installation companies. The sun is a big ball of plasma, heated at its center. 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 BBC reported that auroras were seen in the southern UK on Sunday night and that more were expected in the coming days. There are any number of things you could build, but will they all make a significant difference in our clients lives? 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. 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: These and other factors should be considered carefully, and thus, readers should not. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. Top editors give you the stories you want delivered right to your inbox each weekday. These so-called solar maximums occur roughly every 11 years, and they haven't been much of a problem in the past. 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. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. Explore how you can get involved / how we can work together. Aurora's products are used by some of the world's most advanced and respected solar cell manufacturers. ", Solar Trade Platform and Directory of Solar Companies, Company Directory 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. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com 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" Information is checked, categorised and connected. On demand, permit-ready solar plan sets available from Aurora in 24 hours. All rights reserved. variations. From the first impression to project installation, with Aurora, you can provide a personalized solar customer experience that is uncomplicated. Products - Aurora Solartech Products DM and TCM Instruments Non-contact measurement of key wafer properties accurately and reliably at full production speeds The DM sensors use safe infrared light to measure key properties of crystalline silicon photovoltaic (PV) wafers. Aurora's momentum has picked up over the last few years, right alongside solar. 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. The sun is much more likely to throw energy our way during its maxima. We exist to support the worlds transition to solar at scale. As the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. Energy and charged particles from the sun are then ejected into space. The total consideration issued by Aurora to BTi shareholders for this Acquisition was 62,969,351 common shares and $1,205,310 in cash. "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.". MARKET POSITION AND DEVELOPMENT, AND IMPACT OF THE COVID-19PANDEMIC. Due to advancements in solar energy technology, the . View Products Services We want you to get the best possible results from our products. 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 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. Even the International Space Station is still under the protection of the ionosphere. On 7 November 2011, it acquired Aurora Control Technologies Inc. through a reverse takeover and initiated its current business operations. As the sun's local magnetic fields get more tangled and crash into each other, they can explode. 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. 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. 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. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. 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. 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. The plasma, which is made of charged particles, boils toward the surface, cools down, and sinks back toward the core again. Its technology improves solar cell efficiency . Aurora Solar is a fast growing technology company that enables solar professionals to remotely design and sell solar and storage projects. Phone. Announces Passing of Board Member, David Robinson, Aurora Solar Technologies Corporate Update Regarding Leadership, Aurora Solar Technologies Inc. It was important to inject energy and direction to the Insight product with a renewed focus on product readiness and commercial validation. 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 would have no business, and would not be able to accomplish our mission without our customers. Aurora's website is located at www.aurorasolartech.com. 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. That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun.