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These solar cells are then wired together (typically in groups of 60 or 70 cells) and framed to form modules. Top editors give you the stories you want delivered right to your inbox each weekday. The Acquisition, the concurrent financing and stock option grant has been approved by the board of directors of Aurora. BTi develops and markets several material inspection and quality control tools. This acquisition broadens the combined business by product and its process control systems capability along with diversifying sales by customer, product and geographic region. Our products provide rapid payback, with ongoing profitability for our customers. 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. 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. The sun is a big ball of plasma, heated at its center. Aurora is an inline solar cell measurement equipment specialist. With each decade, we become more dependent on electrical infrastructure, he said. Email. For further information. 100% free, no signups. The Company's capital markets strategy is being updated to support organic growth and inorganic opportunities. See how the latest advancements in Aurora and HelioScope are making solar sales, design and delivery easier and faster. Even the International Space Station is still under the protection of the ionosphere. 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. A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. Aurora's website is located at www.aurorasolartech.com. Based in North Vancouver, British Columbia. CAPTCHA. Keep asking questions and keep challenging yourself. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. 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. Join us to create a future of solar energy for all. 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. At the end of October, BT Imaging held its first board meeting and management operations review since the acquisition. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. 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 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. About Aurora | Aurora Solar Aurora Solar Technologies Inc Stock - AACTF Share Price Today, News and Discussion ATNM 7.08% 0.42% KRL.X 0.03% More Advertisement 3rd Party Ad. 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. The sun may be waking up after almost a decade of relative calm, scientists say and that could cause problems on Earth. MARKET POSITION AND DEVELOPMENT, AND IMPACT OF THE COVID-19PANDEMIC. Engage homeowners with an instant, personalized 3D solar estimate that builds your brand credibility and makes you stand out from the rest. All rights reserved. They are found in industrial facilities and virtually all major research institutes throughout Asia, Europe and North America. 1K followers 500+ connections 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. 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. FOR THE NINE AND THREE MONTHS ENDED 31 DECEMBER 2022 AND 2021, Market Position and Development and Impact of the Covid-19 Pandemic, Highlights, Significant Events And Transactions During The Period, Significant Events and Transactions Subsequent to the Period End, Liquidity and Financial Condition of the Company. Aurora Solar Technologies 100-788, Harbourside Drive, North Vancouver, BC, V7P 3R7 Click to show company phone Humans on Earth are shielded from that radiation, as most of it bounces off the ionosphere and the rest is absorbed by the atmosphere. The Aurora and BTi businesses are well placed to take advantage of these market trends. The bright light of a solar flare on the left side of . 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. Aurora Solar Technologies Corporate Update 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 BT Imaging Pty Ltd. (the "Acquisition") (please refer to the Company's news releases dated March 3, 2022, May 31, 2022, July 5 and July 28, 2022) has been completed effective August 25, 2022 in Vancouver, Canada and August 26, 2022 in Sydney, Australia. AACTF Stock | News | AURORA SOLAR TECHNOLOGIES Stock Price Today 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. Aurora Solar Technologies Inc. is a leader in the development and delivery of inline process control and yield management solutions for solar cell manufacturers. Aurora's website is located at www.aurorasolartech.com. All amounts are expressed in Canadian dollars, unless otherwise indicated. All other material transaction terms remain unchanged. Aurora Solar Technologies Overview Work Here? Your customers get a premium experience and you save time. 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. "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,. All securities issued pursuant to the private placement are subject to a hold period that expires on December 26, 2022. We offer a suite of process measurement devices, interlinked with our breakthrough analysis and control systems. Aurora Solar Technologies Inc. (ACU.V) - Yahoo! 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. Aurora Solar Technologies - Crunchbase Company Profile & Funding This allows advanced cell manufacturers to rapidly and precisely understand when and how to control their production for optimal yield and throughput. Today's top 113 Energy jobs in Mlaga, Andalusia, Spain. 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. 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. Aurora Solar Technologies (ACU) Technical Analysis The sun itself might be erupting in more beautiful formations. Phone: +1 (778) 241 5000 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. Contact Aurora Solar Technologies. 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. AACTF Aurora Solar Technologies Inc - Stocktwits 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. The Company recognizes there is room to improve based on the confidence of this adapted strategy. Announces Passing of Board Member, David Robinson, Aurora Solar Technologies Corporate Update Regarding Leadership, Aurora Solar Technologies Inc. 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. Dont accept the status quojust because it is, doesnt mean it has to be. On demand, permit-ready solar plan sets available from Aurora in 24 hours. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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. BT Imaging's website is located at www.btimaging.com.