The Company recognizes there is room to improve based on the confidence of this adapted strategy. The sun also lets off radioactive material called solar energetic particles that can be dangerous to astronauts. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Announces Passing of Board Member, David Robinson, Aurora Solar Technologies Corporate Update Regarding Leadership, Aurora Solar Technologies Inc. Forward-looking statements reflect current expectations of management regarding future events and operating performance as of the date of the MD&A. 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. The Company sends its condolences to David's family and his friends and it will remember to tackle business with enthusiasm, dedication and hard work; the same way as David did in life. BTi's products are used in multiple parts of the PV supply chain -from silicon ingots and wafers, through to finished cells. 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. 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. 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. 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. The sun itself might be erupting in more beautiful formations. That's when the solar maximum happens. Copyright 2023 Surperformance. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. We value your teammates and the different perspectives they bring and respect, and celebrate our differences. Keep asking questions and keep challenging yourself. Read through customer reviews, check out their past projects and then request a quote from the best solar panel installation companies near you. 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. 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. 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. The data provided from these measurement products provides the means to perform real time diagnostics, control, and equipment optimization quickly and effectively. We decided to go out to the site and measure the house by hand with the homeowner, and in every instance, Aurora was correct. With headquarters near Vancouver, Canada, Aurora has operations in Shanghai, China and partners in all major solar manufacturing markets. 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. Additional roles may be added at the technical, operational and board level to advance the business in its three locations, Vancouver, Sydney and Shanghai. Announces President Changes, President, Chief Executive Officer & Director. Tons of financial metrics for serious investors. 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. "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.". The sun is much more likely to throw energy our way during its maxima. 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. Do it for Jared. Distributed by Public, unedited and unaltered, on 01 March 2023 22:19:16 UTC. Phone. 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. 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. 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 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: Solar flares can disrupt radio communications and electric power grids on Earth. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. 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. This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. MARKET POSITION AND DEVELOPMENT, AND IMPACT OF THE COVID-19PANDEMIC. Its proprietary measurement and modeling technologies help. That energy can affect communication by messing with the ionosphere, a layer of charged particles in our upper atmosphere. 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. 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. Wafer and cell forms and configurations have all changed, with continually increasing sizes and performance demands. 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? On demand, permit-ready solar plan sets available from Aurora in 24 hours. as well as other partner offers and accept our. 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. 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. 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. BTi develops and markets several material inspection and quality control tools. This means the sun will produce more solar flares, or powerful bursts of energy. 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 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. Auroras momentum has picked up over the last few years, right alongside solar. Create a proposal with personalized, permit-quality accuracy with just an address and an electric bill. Aurora's website is located at www.aurorasolartech.com. Scientists are also learning more and more about our sun. So far, astronauts have been lucky. Energy and charged particles from the sun are then ejected into space. 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 that case, Owens said, restarting the grid "could be a matter of weeks or even months.". Our products provide rapid payback, with ongoing profitability for our customers. 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. Stay up to date with what you want to know. The Company follows the orders and recommendations of relevant government health authorities in its operational jurisdictions and continues to evolve operational procedures as required. 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. We can keep accelerating solar growth, together. This is the Aurora Solar Technologies company profile. (www.sedar.com). Aurora's website is located at www.aurorasolartech.com. We want you to get the best possible results from our products. 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 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. Message. Ltd. ("BTi"), a global leader in photoluminescence (PL) imaging tools and instruments for PV material inspection and quality control. The sun is a big ball of plasma, heated at its center. And when you do, build it well. "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. 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. 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. 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. "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,. 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. Let's deliver a new energy experience, one with the simplicity and predictability of a sunrise. 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. 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. 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 . The sun is entering a period of peak activity that will last several years, an expert said. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. That could cause problems for air travel. 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. 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. Aurora Solar Technologies, Inc. provides inline measurement, visualization, and control systems for the photovoltaic product manufacturing industry. A 2023 study looking at flight records over 22 years found that planes were 21% more likely to be delayed by at least 30 minutes when the sun was very active. Get 20 years of historical ev to assets ratio charts for AACTF stock and other companies. 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. Top editors give you the stories you want delivered right to your inbox each weekday. Discussion of the Company, its operations and associated risks are further described in the Company's filings, available for viewing at www.sedar.com. Claim your Free Employer Profile. 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. The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. The Acquisition, the concurrent financing and stock option grant has been approved by the board of directors of Aurora. Turkey might be just the right place to go. Owens said that if the 1859 solar storm were to happen today, we'd be "far more susceptible.". First Name. Aurora Solar Technologies 's ( ACU) Trend Strength Indicator (ADX) is 31.32, creating a Neutral signal. This changing industry landscape and the pace of developments presents ongoing opportunities for high-end process control suppliers of measurement and automated diagnostic technologies. Jake BoumaCorporate DevelopmentPhone: +1 (604) 317-3936corpcomm@aurorasolartech.com. The Aurora and BTi businesses are well placed to take advantage of these market trends. Contact Aurora Solar Technologies. Leverage your professional network, and get hired. 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. Even the International Space Station is still under the protection of the ionosphere. 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. Humans on Earth are shielded from that radiation, as most of it bounces off the ionosphere and the rest is absorbed by the atmosphere. We have monthly wellness classes and workshops. In addition, new market opportunities are expected to emerge in Australia, North America, Asia Pacific and Europe.