Nasdaq GlobeNewswire

Aurora Releases Third Quarter Results


Aurora Solar Technologies Inc. / Aurora Releases Third Quarter Results . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

NORTH VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Aurora Solar Technologies Inc. ("Aurora")("Company") (TSX.V:ACU) (OTCBB:AACTF) (FSE:A82), a leader in inline measurement and control technology for the photovoltaic manufacturing industry, released today its third quarter results.  Revenue for the quarter was $337,325, gross margin was 62.9%, resulting in an operating income loss of ($398,959).

Year-to-date for nine months, the Company has recognized $1,903,020 in revenue, an increase of 238% over the same period last year.  The operating income (loss) year to date was ($674,983), a reduction of 67.7% from the same period last fiscal year.   The Company also confirms, excluding new potential orders, that it has unrecognized revenue from shipments and order backlog of approximately $600,000.

Aurora continues to make excellent progress positioning its infrared quality measurement and control technology as a new global industry standard for the solar cell manufacturing market.  Major initiatives accomplished in the third quarter and early 2018 included:

1)  Installing the record number of systems shipped in the second quarter in Korea and China.  These installations were on high end monocrystalline PERC and bifacial production lines requiring sensitive handling and hands free automated measurement of the quality after the diffusion process, to ensure a faster plant start up and better yield by eliminating inferior quality solar cells early in the process.

2)  Delivering and starting up two Decima Gemini systems for a bifacial line with a leading global manufacturer of production equipment to the solar cell market. If this initial project is successful, the Company expects this equipment supplier will integrate Decima Gemini systems as part of their ongoing equipment offerings.

3)  Installing and starting up a Decima Gemini measurement system with Veritas process visualization software on a bifacial line for the world's largest manufacturer of solar cell panels. If this testing evaluation is successful, the company expects significant future order potential to support this customer's expansion targets

4)  The hiring of Dr. Johnson Wong a senior physicist with extensive experience in technology development and process evaluation in the solar cell manufacturing industry.

5)  The successful validation of its Decima Gemini infrared measurement technology for Heterojunction ('HJT") applications. HJT is an advanced and rapidly growing solar cell design being used and introduced to a wide range of industry leaders. With the successful validation, Aurora has opened initial commercial discussions with several potential HJT customers.

6)  Aligning an advanced version of the Veritas Quality Control System ('VQCS") with the Industry 4.0 initiatives being introduced in major markets like China through government sponsored incentives to accelerate process modernization with state of the art process control and resource management systems. Aurora is in discussions with three significant customers interested in evaluating VQCS for use on a monthly subscription basis.  The Company has a webinar scheduled March 6, 2018 to communicate the features and benefits to customers and is also presenting the package to customers participating in PV CellTech in Penang, Malaysia March 13-14, 2018.

"We continue to see strong traction of our systems for monocrystalline PERC and bifacial applications and have already exceeded last year's revenue by 35%," said Michael Heaven, Aurora's Chief Executive Officer. "While there were some delays on order decisions pending the Section 201 Solar Trade Case in the United States, we continue to track new order opportunities from current and new customers of between 40 and 80 systems which would position Aurora with a record level of backlog heading into our next fiscal year."

About Aurora Solar Technologies:

Aurora's mission is to deliver exceptional results to the photovoltaic industry through measurement and control of critical processes during solar cell manufacturing.

We measure and map the results of critical cell fabrication processes, providing real-time visualization of material properties and true production tool performance. Our products provide process engineers and production-line operators with the means to rapidly detect and correct process excursions, material faults, limit variations, and optimize processes, thereby eliminating yield-reducing and profit-killing product variation.

We are creating the standard for quality control systems for the global photovoltaic industry. 

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

For further information contact:

Michael Heaven, P.Eng., MBA
President & Chief Executive Officer
Aurora Solar Technologies Inc. 
Phone: +1 (778) 241-5000

Investor Relations contact:

Nina Lafleur
Phone: +1 (604) 679-9964

Paradox Public Relations
Phone: +1 (514) 341-0408

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.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aurora Solar Technologies Inc. via Globenewswire

Om Nasdaq GlobeNewswire

Nasdaq GlobeNewswire
Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

+1 212 401 8700

NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.

Følg saker fra Nasdaq GlobeNewswire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Nasdaq GlobeNewswire

Lexin Appoints Two New Directors to Expand Board22.3.2018 02:49Pressemelding

SHENZHEN, China, March 22, 2018 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading online consumer finance platform for educated young adults in China, today announced the appointment of Dr. Neng Wang as an independent director of the Company's board of directors (the "Board"), and the appointment of Mr. Xiaoguang Wu as a director of the Board, effective on March 20, 2018. These two appointments have expanded the Board to eight members, from six previously. Dr. Wang is also serving as a member of the audit committee, the compensation committee and the nominating and corporate governance committee of the Board. Dr. Wang has replaced Mr. Keyi Chen, Mr. Jared Yi Wu, and Mr. Yibo Shao respectively from the abovementioned committees of the Board, all of whom remain as directors on the Board. Dr. Wang has been Chong Khoon Lin Professor of Real Estate at Columbia Business School since July 2007, and a research associate at the National Bureau of E

3Gtms Positioned in the Niche Players Quadrant of the Gartner Magic Quadrant for Transportation Management Systems21.3.2018 15:00Pressemelding

Inclusion marks the first time 3Gtms has been named to the Magic Quadrant SHELTON, Conn., March 21, 2018 (GLOBE NEWSWIRE) -- 3Gtms, Inc., a global provider of Tier 1 transportation management software, today announced it has been positioned by Gartner, Inc. in the Niche Players quadrant of the report, Magic Quadrant for Transportation Management Systems*. This is the first time 3Gtms has been positioned within the Magic Quadrant. According to the report, the research "focuses on holistic multimodal domestic TMSs for use by shippers (such as manufacturers, retailers, distributors and wholesalers) or non-asset-based, third-party logistics (3PL) organizations." Key criteria for the 2018 Magic Quadrant included: The breadth of the TMS; depth of the TMS; usability and adaptability; global go-to market strategy and offering; partner ecosystem; vision, thought leadership, roadmap, and track record; and a compelling SCE convergence strategy. The full report is available at no charge at the 3Gt

Further UHNWI Investment To Support FinTech Entrepreneur Zichain's Growth and Innovation21.3.2018 14:46Pressemelding

Zichain / Further UHNWI Investment To Support FinTech Entrepreneur Zichain's Growth and Innovation . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement. ZURICH, Switzerland, March 21, 2018 (GLOBE NEWSWIRE) -- Zichain, a Switzerland-based digital asset management company, is pleased to announce that it has secured an USD 1.2m investment from a syndicate of UHNW Hong-Kong based investors, supporting further development of its unique cryptocurrency products. The deal was confirmed while the Company was participating at the Goldman Sachs 2018 Disruptive Technology Symposium, held in London on 20-21 March. As a pioneer of the cryptocurrency index industry, Zichain has enjoyed exponential growth with the Company now taking a leading role in the creation of digital asset management industry. Zichain is focused on the development of three key products: Blockchain Asset Management Platform (BAMP), a unique and convenien

VistaJet Connects Customers and Their Passions With the Global British Polo Day Tour21.3.2018 14:17Pressemelding

Customers to join the most prestigious worldwide polo tournament LONDON, March 21, 2018 (GLOBE NEWSWIRE) -- VistaJet, the first and only global private aviation company, will be offering customers the opportunity to enrich their passion for polo as the company partners with British Polo Day for the 2018 worldwide tournament, following a successful inaugurate partnership last year. The sport is a key interest for many of VistaJet's customers, both as spectators and riders, and is in line with 39% of the world's animal-loving Ultra High Net Worth population having a passion for horses*. VistaJet continuously develops and offers exceptional experiences for its customers inspired by their true passions, including art, sport and travel, across all cultures worldwide. Its global partnership with British Polo Day will offer customers an exclusive opportunity to enjoy one of their most cherished interests by watching some of the sport's top players, including the world's number one player Adol

Datameer Partners with IBM in New Data Science and Machine Learning Platform21.3.2018 13:30Pressemelding

Datameer Operationalizes Self-Service Data Pipelines for IBM Cloud Private for Data SAN FRANCISCO, March 21, 2018 (GLOBE NEWSWIRE) -- Datameer, the leader in big data analytics, announced it will partner with IBM to create, manage and deploy business data pipelines for IBM's new data science and machine learning platform, Cloud Private for Data(announced Friday, March 16). The partnership is a comprehensive approach to simplifying and streamlining data integration, preparation, shaping and curation in order to extend data science and machine learning for business teams to make accelerated data-driven decisions. Recognizing that Datameer has the most mature business data pipeline platform for enterprises, IBM has partnered with Datameer to provide comprehensive pipeline creation and operationalization capabilities for the new Cloud Private for Data offering. Datameer will be an integrated part of the solution, offering a seamless customer and user experience that allows business users t

Brookfield and GLP Establish Partnership to Pursue Rooftop Solar Opportunities in China21.3.2018 09:00Pressemelding

All amounts in U.S. dollars unless otherwise stated GLP and Brookfield establish 50:50 joint venture to develop and operate rooftop solar projects on logistics and commercial rooftops in China Partnership intends to become the largest rooftop solar power provider in China Expected to develop and operate capacity of 300 megawatts over the next three years, with a broader 1 gigawatt development pipeline - equivalent to the annual consumption of approximately 750,000 households SHANGHAI, China and NEW YORK, March 21, 2018 (GLOBE NEWSWIRE) -- GLP, the leading global provider of modern logistics and industrial facilities and technology-led solutions, and Brookfield Asset Management (TSX:BAM.A) (NYSE:BAM) (Euronext:BAMA), a leading global alternative asset manager, today announced the formation of a 50:50 joint venture dedicated to building a leading platform for distributed solar energy on logistics and commercial rooftops in China. The joint venture, by affiliates of GLP and Brookfield, in

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom