Aurora Solar Technologies Inc.
TSX VENTURE : ACU

Aurora Solar Technologies Inc.

November 04, 2015 08:00 ET

Aurora Solar Technologies Announces Product Shipment

Shipment and recent customer activity reflects increasing acceptance of metrology and process control for PV manufacturing

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2015) - Aurora Solar Technologies Inc. ("Aurora") (TSX VENTURE:ACU), a leader in inline measurement and control technology for the photovoltaic manufacturing industry, is pleased to report on recent commercial developments, including the initial shipment of a Decima™ 3T measurement system and associated Veritas™ process visualization software pursuant to the repeat customer order announced 2 June 2015. This shipment follows 100 percent successful acceptance testing of previously delivered Decima and Veritas systems and over a year of successful end-customer experience with Aurora's Decima CD product.

The company is also experiencing a significant increase in the interest of solar cell manufacturers in Aurora's Decima and Veritas products. Specifically, in addition to the orders previously announced in March and June, the company now has received multiple Requests For Quotation (RFQs) from a variety of solar cell manufacturers. Up to 17 Aurora systems are covered by these RFQs and potential extensions to existing customer contracts.

Furthermore, the company recently attended the 2015 PV Taiwan solar energy trade exhibition, held October 14 - 16 in Taipei. During this event, meetings were held with several production equipment companies, including existing channel partners. Discussions in these meetings focused on commercial matters, including potential channel relationships, expansion of existing relationships and joint sales campaigns. Meetings were also held with Asian solar cell manufacturers with capacity expansion projects underway or in development. These meetings resulted in multiple requests for further commercial and technical interactions, which are now underway.

"This repeat-order shipment to an industry leader in Asia marks another ground-breaking milestone for our Decima and Veritas System", said Michael Heaven, Chairman and CEO of Aurora. "Furthermore, with the increasing worldwide demand for renewable energy, solar capacity expansions are gaining momentum. Many of these projects are based on higher efficiency cell technologies that require tighter control of the process. This is driving demand for Aurora's innovative, non-contact measurement and control solutions for the production process."

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.

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