Aurora Solar Technologies Inc.
TSX VENTURE : ACU

Aurora Solar Technologies Inc.

July 07, 2015 08:00 ET

Aurora Solar Technologies and h.a.l.m. elektronik Announce Strategic Partnership

Measurement and Quality Control Leaders Combine Development Efforts to Maximize Results for PV Cell Manufacturers

FRANKFURT, GERMANY and NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 7, 2015) - Aurora Solar Technologies Inc. ("Aurora") (TSX VENTURE:ACU), a leader in inline measurement and control technology for the photovoltaic manufacturing industry, and h.a.l.m. elektronik GmbH ("h.a.l.m."), the world leader in solar cell performance measuring systems for production lines, announce that they have entered into a strategic partnership to provide solar cell manufacturers with an integrated quality control solution to maximize yield and profitability of high-efficiency cell fabrication.

With the Decima™ and Veritas™ products, Aurora provides solar cell manufacturers with the most accurate and repeatable products to characterize and control the emitter formation process. This is the most important process step in determining solar cell efficiency. With the cetisPV product line, h.a.l.m. delivers the industry's most trusted and capable means to precisely measure solar cell efficiency at the end of the production line. In this partnership, h.a.l.m. and Aurora will leverage their respective products and know-how to develop integrated solutions that directly connect emitter formation performance to final cell classification. The objective of this initiative is to markedly reduce the costly and excessively wide spread of final product quality classes that are common in the solar cell manufacturing industry.

"h.a.l.m. is the dominant cell performance measurement provider in Asia, with over 700 installations in China alone. Our company is committed to the PV industry and we have chosen to align developments with Aurora because the combination will provide overwhelming benefits for our customers," said Dr. Axel Metz, h.a.l.m.'s Managing Director. He went on to say, "Aurora's excellence in inline measurement of critical upstream emitter parameters and their clear vision for optimizing manufacturing profitability is a perfect match for h.a.l.m.'s technology that characterizes final product performance and binning distribution."

"We are very pleased to have entered into this strategic relationship with h.a.l.m., who is consistently at the forefront of advanced metrology for high quality solar cell manufacturing. The partnership leverages our collective developments and compounds our ability to generate quantifiable results for PV cell manufacturers by tightening bin distribution and improving overall cell efficiencies," said Greg Ayres, Aurora's Chief Operating Officer.

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.

About Halm:

h.a.l.m. elektronik GmbH is a manufacturer of measuring systems for the determination of the electrical data of solar cells, PV modules and systems headquartered in Frankfurt, Germany. Since its founding in 1981, the company developed expertise in high precision metrology solutions for many different industrial sectors including material testing, chemical processing, pharmaceuticals, automotive manufacturing, and solar cell and panel manufacturing and is now the worldwide leading producer of IV-measuring systems and sun simulators for solar cells and panels. For more information, Halm's website is located at www.halm.de.

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.

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