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Feature Company: Aurora Solar Technologies (TSXV:ACU)

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Today’s feature company is Aurora Solar Technologies, a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers.

Additional Information:

Company: Aurora Solar Technologies
Website: http://www.AuroraSolarTech.com
Stock Symbol: TSXV: ACU
Date Published: Oct 8, 2019
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Today’s feature company is Aurora Solar Technologies, a leader in the development and delivery of inline process measurement, analysis and control systems for solar cell manufacturers.

Solar cells, made primarily from silicon wafers, are the electricity-generating elements within solar panels, which are seen on rooftops, streetlights and large-scale “solar farms” throughput the world.

During the fabrication of solar cells, certain chemicals, applied to create layers in or on a silicon wafer during manufacturing, transform the wafer from an inert substrate to an energy-generating cell.

The concentration, uniformity and other properties of these layers are critical to the finished cell’s performance.

Aurora’s products measure and display the results of critical cell fabrication processes, allowing 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.

In 2018, Aurora instituted an initiative to more aggressively develop business in China.

The company opened a representative office in Shanghai, developed a variant of its DM measurement system specifically designed for Chinese market needs, increased the scope of its pre-sale evaluation trials, and recruited market partners in China to increase visibility and order flow.

Following the 2018 ramp-up, this initiative is now successfully underway.

In September, the company announced its largest single order to date by unit volume, to supply a major China-based manufacturer of high-efficiency PERC solar cells.

This order, for twenty DM-110e measurements systems, follows an initial order in June from the same customer.

Gordon Deans, President and CEO, stated: "We are pleased to have been awarded significant follow-on business from one of the largest solar cell manufacturers in the industry. This continuing order stream is indicative of both the renewed growth in the Chinese solar manufacturing market, and the fit of our business strategy and products for manufacturers focused on cost-effective high yield PV cell production."

Aurora has now established volume business with three of the top-ten solar cell manufacturers.

Since January of 2019, the company has received orders with a total value in excess of 3 million dollars Canadian..

Looking ahead, the company is bidding on several large repeat orders both in China and elsewhere in east Asia.

The company also anticipates market introduction of new measurement and analytical products during the latter half of the current fiscal year.

The shares are trading at $0.06.

For more information, please visit the company’s website at www.AuroraSolarTech.com, contact Gordon Deans, President and CEO, at 778-241-5000 or email info@AuroraSolarTech.com.

I’m Fiona Forbes for Investmentpitch Media