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Aurora Solar Technologies Inc V.ACU

Alternate Symbol(s):  AACTF

Aurora Solar Technologies Inc. is a Canada-based company. The Company is engaged in the development, manufacturing and marketing material inspection and inline quality control systems for the solar polysilicon, wafer, cell and module manufacturing industries. Its products include DM and TCM instruments, Insight, Visualize and BT Imaging. Its services include system configuration and performance planning, such as design and engineering of DM, Visualize and Insight configurations to fit its client production line. The Company's Visualize product optimizes and controls processes by providing operators and process engineers with real-time three-dimensional visualization of intra-furnace dynamics, both spatially and by batch. Its BT Imaging product offers offline and inline photoluminescence inspection equipment for photovoltaic materials including silicon, perovskite and thin film materials for use at different processing stages from ingots, as-cut wafers and cells to solar modules.


TSXV:ACU - Post by User

Post by Isaiah83on Oct 07, 2019 10:40pm
196 Views
Post# 30205813

Spoke with Gord and Kelly today

Spoke with Gord and Kelly todayasked Gord. He said there's more to listing on the TSX than for exposure. The company is still in its early stages and has no need to list on TSX at this time. Huge capital is not needed at this time, hence the need not to list on TSX (easier to get institutional investors on TSX). This speaks volumes. The company is essentially self sustaining at this time. No financing needed (i.e. PP's). They have money in the bank. Expected revenue for the year is 4 million and Gord said it will likely be "in excess of that". Projected revenue for 2021 fiscal year is 10 million. New software product in development. Margins are higher than what was previously thought, Gord said margins are between 50-75% depending on the product. Yes you read that right. India trip was more of an "observational" trip i.e. to get a feel for the market there. Government policies regarding Solar producers there aren't the best but there are 2 companies interested in ACU's tech. Gord said China is the main play as they account for 70% of the worlds total solar production so they'd rather focus all their resources on China rather than try to catch smaller markets. I asked Gord about how ACUs technology has affected margins of solar producers in China. There has not been a calculated percentage but the answer was tens of millions of dollars in labor and jobs being saved by companies. Remember these solar producers have very small margins so they focus more on volume. That's why ACU tech is very appealing to them as it can save them a ton of money and hence increase their margins and profit. A small price to pay for huge saving. It's like buying a Costco membership and then realizing at the end of the year that the 150$ membership saved you 1000-2000$ in groceries for the year. It pays for itself and more
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