Aurora's and BT Imaging's products are used by some of the world's most advanced and respected solar cell manufacturers. The sun itself might be erupting in more beautiful formations. Your customers get a premium experience and you save time. 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 Company's objective for this new Insight evaluation is to obtain technical acceptance within sixty days of deployment together with a commercial arrangement secured to confirm product viability. One damaged transformer won't cause much of an issue. Ltd. ("BTi"), a global leader in photoluminescence (PL) imaging tools and instruments for PV material inspection and quality control. 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. Keep asking questions and keep challenging yourself. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe. Additional roles may be added at the technical, operational and board level to advance the business in its three locations, Vancouver, Sydney and Shanghai. 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. 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. It was important to inject energy and direction to the Insight product with a renewed focus on product readiness and commercial validation. Image: Aurora Solar Technologies Inline solar cell measurement equipment specialist Aurora Solar Technologies (AST) has. 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. The sun is a big ball of plasma, heated at its center. We want you to get the best possible results from our products. Here are some solar technologies in 2022 that we're keeping an eye on. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. Get the ev to assets ratio charts for Aurora Solar Technologies (AACTF). Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. This changing industry landscape and the pace of developments presents ongoing opportunities for high-end process control suppliers of measurement and automated diagnostic technologies. There are any number of things you could build, but will they all make a significant difference in our clients lives? Aurora's website is located at www.aurorasolartech.com. 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. Claim your Free Employer Profile. "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. Can you imagine yourself waking up every morning knowing that youre helping create a more sustainable future? And when you do, build it well. Changes wont be saved until you sign up for an Enhanced Profile subscription. Solar flares can disrupt radio communications and electric power grids on Earth. 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. (, 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. 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. 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. Aurora's website is located at www.aurorasolartech.com. If youre reading this, you probably agree. 1K followers 500+ connections Granted, radio signals are much less important to basic communications today. Insight analyses the large volume of data available from the sequence of finished solar cells in a production line and reveals the links between unwanted variations in their quality parameters and the controllable factors than can reduce such. Certain statements contained in this MD&A may be deemed to be "forward-looking statements". Aurora Solar Technologies 's ( ACU) Commodity Channel Index (CCI) is -196.40, creating a Buy signal. 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. The Company recognizes there is room to improve based on the confidence of this adapted strategy. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. 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. 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. Dont stay static, dont stagnate. In that case, Owens said, restarting the grid "could be a matter of weeks or even months.". T O O UR S HAREHOLDERS . is to bring quality and profitability to every customer through superior measurement, visualization and control of critical processes during solar cell manufacturing. This decision has delivered intended benefits beyond obvious cost savings. 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. A copy of this Management Discussion and Analysis ("MD&A") will be provided to any applicant upon request. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. Email. These forward-looking statements are made as of the date hereof. ENF Solar is a definitive directory of solar companies and products. Message. The plasma, which is made of charged particles, boils toward the surface, cools down, and sinks back toward the core again. 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. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. 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. 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. 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. Auroras momentum has picked up over the last few years, right alongside solar. Contact Aurora Solar Technologies. 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. Move fast and scale your sales and design operations with powerful artificial intelligence. Not an offer or recommendation by Stocktwits. 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. 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. We believe that solar energy is key to creating a better future. Further details for this event and instructions for participating will be provided in early September. Even the International Space Station is still under the protection of the ionosphere. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. Its proprietary measurement and modeling technologies help. The Aurora and BTi businesses are well placed to take advantage of these market trends. To achieve the high electrical efficiencies that are now common, strict control of variations in these processes is required during cell manufacturing. Attaining "Grid Parity" with fossil fuel energy sources is the solar industry's most urgent and important challenge. The interaction between these particles creates strong electrical currents that can flood infrastructure on Earth. Information is checked, categorised and connected. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. 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 . 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. Aurora Solar Technologies is a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers. 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. The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. 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.