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. But if the radiation hits an astronaut in outer space, it can be very dangerous, Owens said. 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. The Company also announces stock option grants to directors, officers and consultants totaling 3,700,000 options exercisable at $0.11 for a five-year term. Get 20 years of historical ev to assets ratio charts for AACTF stock and other companies. 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. Granted, radio signals are much less important to basic communications today. Contact Aurora Solar Technologies. "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. products are used by some of the worlds most advanced and respected solar cell manufacturers. 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. "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.". Certain statements contained in this MD&A may be deemed to be "forward-looking statements". The sun is entering a period of peak activity that will last several years, an expert said. Aurora Solar Technologies Provides an Update on Its Insight (TM) Data Science Product and Associated Strategic Initiatives Aurora Solar Technologies Provides an Update on Its Insight (TM) Data. For further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com 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. 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. Scientists are also learning more and more about our sun. 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. There isnt a better time to join solar. We're starting to see some of the effects of these solar flares. We decided to go out to the site and measure the house by hand with the homeowner, and in every instance, Aurora was correct. -, Aurora Solar Technologies Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022. These forward-looking statements are made as of the date hereof. The BBC reported that auroras were seen in the southern UK on Sunday night and that more were expected in the coming days. Stay up to date with what you want to know. From the first impression to project installation, with Aurora, you can provide a personalized solar customer experience that is uncomplicated. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. Our products measure and display the results of critical cell fabrication processes, revealing material properties and the performance of manufacturing tools and processes. Leading solar companies depend on Aurora to outpace the industry. 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. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. 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 . Aurora Solar Technologies Inc. published this content on 01 March 2023 and is solely responsible for the information contained therein. The Company is pleased to confirm that the business is performing well and is on track to achieve its fiscal June 2022 financial and operational targets including, approximately C$10,000,000 in sales, profitability, and cash flow positive. 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. That could cause problems for air travel. When we make decisions, we evaluate every idea by its merits, and pursue the best course of action. 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. 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. Additional information about the Company, including the audited annual Consolidated Financial Statements, and the notes thereto, for the years ended 31 March 2022 and 2021, prepared in accordance with IFRS, can be found on SEDAR at www.sedar.com. As the geomagnetic storm messes with the ionosphere's magnetic charge, it creates currents in the ionosphere. Energy and charged particles from the sun are then ejected into space. The Company recognizes there is room to improve based on the confidence of this adapted strategy. They are found in industrial facilities and virtually all major research institutes throughout Asia, Europe and North America. 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 energy is key to creating a better future. Wafer and cell forms and configurations have all changed, with continually increasing sizes and performance demands. If youre reading this, you probably agree. 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. 100% free, no signups. Aurora makes it smoother for everyone to switch to solar energyby transforming the way projects are designed, sold, and delivered. Create a highly accurate solar design without having to visit the site, saving time and money during the quoting process. The sun may be waking up after almost a decade of relative calm, scientists say and that could cause problems on Earth. To grow the business beyond its internal resources, additional financing may be required to scale the Insight product and/or fast track diversification through acquisition, collaboration or technology development. Aurora's products are designed specifically for inline applications in the PV manufacturing industry. A 2018 study looking at space weather at the time concluded that the cause was a huge solar storm. 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. During cell production, chemical and thermal processes transform the wafers from inert substrates to energy- generating cells. All answers shown come directly from Aurora Solar Technologies Reviews and are not edited or altered. Our products provide rapid payback, with ongoing profitability for our customers. Any financing will be tied to a disciplined approach to deploy capital relative to its market opportunity. 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. 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. The Company's leadership is evolving following the acquisition of BT Imaging and is the beneficiary of a young, technically smart and motivated team. Take the time you need for the moments that matter. But we didn't rely as much on electricity back then as we do now; the only thing it knocked out were telegraph lines. Claim your Free Employer Profile. Message. New Energy jobs added daily. Sign up for notifications from Insider! Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. On August 25, 2022, Aurora acquired 100% of the outstanding share capital of BT Imaging Pty. On 11 March 2020, the coronavirus outbreak ("Covid-19") was declared a pandemic by the World Health Organization. Its proprietary measurement and modeling technologies help. 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. Copyright 2023 Surperformance. On 7 November 2011, it acquired Aurora Control Technologies Inc. through a reverse takeover and initiated its current business operations. 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. There are any number of things you could build, but will they all make a significant difference in our clients lives? As part of the Company's renewed focus, it is now in the process of delivering an important reporting milestone for the existing Insight evaluation project in China which is the basis for negotiating a commercial outcome. Aurora is a public company, traded on the TSX Venture Exchange (ACU) and is a two-time TSX-V Top 50 winner. If the currents flood the electrical grid, they can blow up transformers. 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. 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"). Aurora's website is located at www.aurorasolartech.com. 100 - 788 Harbourside Drive North Vancouver, BC V7P 3R7 Canada. What are co-workers like at Aurora Solar Technologies. 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. T O O UR S HAREHOLDERS . 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. The solar or photovoltaic ("PV") energy industry is relatively young, fast-growing, and evolving in importance within the energy sector. And the latest solar cycle, which peaked around 2010, was particularly quiet and may have lulled us into a false sense of security. Engage homeowners with an instant, personalized 3D solar estimate that builds your brand credibility and makes you stand out from the rest. 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. We can. Concurrently, the Board of Directors appointed Kevin Dodds to succeed Mr. Deans as President and CEO of the Company effective 1 October 2022. as well as other partner offers and accept our. 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. The Aurora and BTi businesses are well placed to take advantage of these market trends. BTi develops and markets several material inspection and quality control tools. Discover what makes the Aurora platform the most accurate, profitable waytodeliver every stage of the solar product lifecycle. 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. The goal is to determine Insight product viability through a commercial outcome prior to the end of the current calendar year. As the sun's local magnetic fields get more tangled and crash into each other, they can explode. 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. All content is posted anonymously by employees working at Aurora Solar Technologies. For further information. There can be no assurance that forward- looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
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