NORTH VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 21, 2016) – Aurora Solar Technologies Inc. (“Aurora“)(“Company“) (TSX VENTURE:ACU)(OTCBB:AACTF)(FRANKFURT:A82), a leader in inline measurement and control technology for the photovoltaic manufacturing industry is pleased to announce that it has received a follow-on order from the recognized leader in solar cell technology that previously qualified Aurora’s products and is ranked in the top five producers (see http://www.pv-tech.org/editors-blog/top-10-solar-module-manufacturers-in-2015). The order for multiple Decima 3T systems with Veritas Visualization Software is the second purchase for this customer’s announced 1.4GW production facility and will be deployed on mono-crystalline production lines located in Asia.
“This customer was an early adopter of Aurora’s unique wafer characterization technology and this repeat order sends a strong message to the industry,” said Michael Heaven, President & CEO. “If you are producing high-efficiency mono-crystalline solar cells, Aurora’s inline measurement and optimization technology is being recognized by this leader as an essential element to maximize cell power and yield,” he continued.
The Company also issued an additional 1,825,000 options on October 12, 2016 to directors, employees and consultants of the Company at $0.115/share.
About Aurora:
Aurora Solar Technologies Inc. produces measurement and control solutions which allow solar cell producers to improve manufacturing yield, lower costs, decrease waste and attain higher margins. Headquartered in North Vancouver, Canada, and founded by experienced leaders in process measurement, semiconductor manufacturing and industrial automation, the Company’s shares are listed on the TSX Venture Exchange and trade under the symbol “ACU”. The Company was formerly “ACT Aurora Control Technologies”. For more information, Aurora’s website is located at www.aurorasolartech.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Some statements in this news release contain forwardlooking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. The Company does not assume the obligation to update any forwardlooking statement.
Michael Heaven, P.Eng., MBA
President & Chief Executive Officer
+1 (778) 241-5000
[email protected]
Aurora Solar Technologies Inc.
Investor Relations contact
Nina Lafleur
+1 (604) 679-9964
[email protected]
