NORTH VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 19, 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 the sale of two Decima 3T systems with Veritas Software for two new high efficiency cell production lines being built in Asia. The purchaser is a leader in the Photovoltaic Industry that previously qualified the Aurora Decima system as offering significant performance improvements over existing competitive systems, especially when applied to the measurement and control of mono-crystalline, high efficiency cells.
Michael Heaven, Aurora’s CEO and Chairman stated that “the initial units will ship in early June and production will commence in early July. If the Aurora systems perform as expected, the purchaser has advised as to their interest in replacing all their existing units (8-10 systems) and standardizing on the Decima 3T with Veritas Software for all their announced new lines later this year (10-20 systems).”
Aurora also would like to announce that Mr. Gregory Ayres has stepped down from his position as Chief Operating Officer (COO) effective immediately. Mr. Gordon Deans, previously Chief Technology Officer of Aurora, has taken up Mr. Ayres’ responsibilities as COO. In addition, Aurora has appointed Mr. Wei Deng as Sales Director, Asia-Pacific, responsible for developing the company’s sales pipeline, defining the sales strategy and closing orders.
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 forward-looking 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 forward-looking statement.
Michael Heaven, P.Eng., MBA
Chairman & CEO
+1 (778) 241-5000
[email protected]
Investor Relations contact:
Nina Lafleur
+1 (604) 679-9964
[email protected]
