North Vancouver, BC, Canada, November 1, 2017 – 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, is pleased to announce that it has received an initial order from REC Group for two Decima™ 3T and Veritas™ products, with a letter of intent for additional units.
Subject to a decision to expand production beyond this initial phase, the project will encompass up to eight Decima 3T and Veritas units. The first two systems are expected to ship in January 2018 with the shipment of the balance to follow in accordance with additional purchase orders.
“We are excited to see another endorsement of our unique capabilities for solar cell characterization from an industry leader,” said Michael Heaven, Aurora’s Chief Executive Officer. “We look forward to working with REC Group to realize the benefits of the inline measurement systems for rapid ramp-up of the new lines and to optimize the manufacturing yield of these advanced cells.”
About REC Group:
Founded in Norway in 1996, REC Group is a leading vertically integrated solar energy company. Through integrated manufacturing from silicon to wafers, cells, high-quality panels and extending to solar solutions, REC Group provides the world with a reliable source of clean energy. REC’s renowned product quality is supported by the lowest warranty claims rate in the industry. REC Group is a Bluestar Elkem company with headquarters in Norway and operational headquarters in Singapore. REC Group employs more than 2,000 people worldwide, producing 1.4 GW of solar panels annually. Find out more at www.recgroup.com
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 www.aurorasolartech.com.
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:
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.