acu presentation - 190708 - aurora...

© 2019 CONFIDENTIAL and PROPRIETARY

4 Sep 2018

CONFIDENTIAL and PROPRIETARY

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Safe Harbour Statement

Forward Looking Statements: Certain of the statements and

market data contained in this presentation are forward-

looking statements which involve known and unknown risks,

uncertainties and other factors which may cause the actual

results, performance or achievements of the Company, or

industry results, to be materially different from any future

results, performance or achievements expressed or implied

by such forward-looking statements.

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Aurora Solar Technologies

Ø FOR SOLAR CELL MANUFACTURERS, who struggle to be profitable

ü Aurora’s manufacturing quality control systems INCREASE manufacturing yield and PROFITS

ü Unlike our competition, we provide a WHOLE SOLUTION for this need

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Quality measurement of a series of solar cells

Real-time quality assessment based on measured parameters


Aurora’s Vision: Become the number one quality control system provider for solar product manufacturing

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$

More than $8M pipeline45% Gross Margin

$450M market Manufacturing capacity growing 25% per year

$4M market capAttractive investment as

business executes to plan

Validated by industry leaders

Positioned for growthLeading patented technology

Industry-recognized team

Sales/presence in largest global markets

China


Our addressable market is large and rapidly growing• Annual CAPEX for solar cell

manufacturers > $3.4 billion

• Of this, Aurora’s addressable market > $450 million

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Source: wikipedia.org/wiki/Growth_of_photovoltaics, May 2019Source: SolarMedia PV Manufacturing Quarterly Report, May 2019


Raw materialcosts

Profit

Manu-facturing

costs

We address an urgent customer needLost profit in manufacturing

• Increasing labour costs due to turnover and rising wage rates• Now driving adoption of automated

handling and inline measurement

• High raw material and processing costs relative to selling price• $6.5B industry-wide profit can be gained

with 3.5% relative quality improvement

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CNY/Year


How we do it

We provide INTELLIGENCE about our customers’ manufacturing line performance

that allows them to rapidly pinpoint and resolve deficiencies with confidence and precision

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This reduces costs and optimizes profits


Aurora solution

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A B C

Manufacturing stepsSilicon wafersFinished solar cells

1) Get real-time data on variables

that affect finished solar cell quality

2) Link that data to actual manufacturing equipment behavior 3) Improve

equipment behavior to raise quality

MEASURE

VISUALIZE

CONTROL


Aurora solution

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A B C

Manufacturing stepsSilicon wafersFinished solar cells

MEASURE

VISUALIZE

CONTROL

DMTM

measurement instruments

VisualizeTM process display and tracking software

InsightTM

end-to-end process analysis system


Company milestones

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2009 2012-13 2014 2017 2018 2019

Aurora founded in May 2009

R&D / trialsCommercialization

Volume sales

Testing and qualification of DMTM IR-based measurement

technology

Volume sales start

outside China

“China 531”

policy slows sales

InsightTM

announced

China (Shanghai)

office openedSales initiated

Volume sales resume in China and elsewhere

DM-110e introduced

for China

Lead customer

development

Over 90 systems shipped, covering >17 GW of solar cell production and 30% of major manufacturers

R&D with Schott

Solar


Aurora installations worldwide

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Over 90 systems shipped or on order

Top-tier volume customers worldwide

Installed in PV cell productionR&D partners

Aurora locationsVancouver CanadaShanghai, PRC


Strong Aurora Solar Team

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Gordon Deans, P. Eng., M. Eng.CEO and FounderExtensive leadership experience in new product development and market introduction, public company turnarounds with Nortel, Norsat, Omron Automation*

Johnson Wong, Ph.D.Chief PhysicistUniversity of New South Wales, SERIS, Industry-recognized expert in solar cell physics and design

Steve McDonald, B.E.Sc.VP Business Development14 years experience in automation applications and sales at Omron Automation and Aurora

Wei Deng, MBADirector of Sales – Asia PacificGeneral Manager – China (Shanghai)20+ years experience in sales and marketing in China with Microsoft, Norsat

Board of DirectorsJohn McNicol - Senior executive with proven track record of creating shareholder value Kevin Dodds, CPA - Sr executive specializing in corporate, financing, operational matters in high-growth companiesDavid Toyoda, LLB- experienced securities legal and corporate organization expertGordon Deans – CEO and founder

Viktoriya Griffin, CPAChief Financial Officer10+ years experience, including audit and assurance services for public companies at Deloitte and E&Y, and CFO services leadership at Clearline CPA

*formerly Adept Technology


Equity Structure

Share price (June 30, 2019): $0.04

Market Cap: $3.5M

Common Shares: 88,176,925Of which insiders and founding investors own: 25%

Warrants: 2,256,800 @ 0.075 expiring 11-15-20

Employee/Director Options: 5,505,000(W/A $0.07)

Fully Diluted: 95,938,725

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Five reasons to own ACU shares

1. Large and growing addressable market

2. Rapidly building sales in the largest solar market in the world – China

3. Dynamic, proprietary product roadmap to diversify and strengthen sales

4. Globally recognized team in the solar industry, respected and influential

5. Strong leadership and Board with track record of creating value

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Contacts

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Gordon Deans, P.Eng.President & Chief Executive Officer+1 (778) 241-5000

IR ContactKelly Robinson+1 (604) [email protected]

mailto:[email protected]

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