confidential and proprietary - axino...market data contained in this presentation are...

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© 2020 Aurora Solar Technologies Inc. TSX-V: ACU www.aurorasolartech.com

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 TechnologiesØ 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

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

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$

More than 100 systems sold50% Gross Margin

Profitable last fiscal quarter

$450M market Manufacturing capacity

growing over 20% per year

$10M 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

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Our addressable market is large and rapidly growing• Solar industry long-term

growth at 25% CAGR

• Annual CAPEX for solar cell manufacturers > $4.4 billion

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

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Source: SolarMedia PV Manufacturing Quarterly Report, Sept 2019

Solar cell manufacturing growth

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Raw materialcosts

Profit

Manu-facturing

costs

Manufacturing Challenges Today

Lost 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

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CNY/Year

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A solution is needed to realize the efficiencies

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A B C

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

Manufacturing stepsSilicon wafersFinished solar cells

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Aurora is THE solution

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A B C

Manufacturing stepsSilicon wafersFinished solar cells

• DMTM measurement instruments

• VisualizeTM process display and tracking software

• InsightTM end-to-end process analysis system

MEASURE

VISUALIZE

CONTROLDM

Visualize

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Result

REAL TIME INTELLIGENCE about the manufacturing line provided by Aurora systems allows rapid adjustments to

resolve deficiencies with precision

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RESULTS

Revenue Costs Profits

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InsightTM

The next step in Aurora’s solution portfolio – GA H2’20

• Proprietary tool evaluates big data - in real time -to troubleshoot and optimize solar cell production

• Benefits• Pinpoint best-worst performing machines; identify best

production routing fast yield and throughput maximization

• Laborious optimization experiments eliminated, testing automated

• Ramp up of new production lines accelerated

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Plant-wide view of performance

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70%

100%

50%

90%

70%

100%

100%

70%

100%

90%

70%

50%

70%

100%

TexturingDiffusion

Rear etchRear AlOx

Rear SiNx

Front SiNx

Laser ablationRear print

Front print

I-V Tester

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Raw material in

Finished goods out

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Looking Ahead Financially

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0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

40,000,000

2020 2021 2022 2023 2024

Revenue Growth

Software Hardware

InsightTM full production and ramp

Establishing China market

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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. Co-inventor of “Griddler”, a widely-used solar cell simulation product.

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

Wei Deng, MBA, M. Sc.General Manager – Asia Pacific30 years of global management experience in marketing, sales strategic planning, and investment in high-tech industries, including senior positions at Microsoft China, Librestream Technologies, and Norsat International.

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

Susan Pan, MBA, CPAChief Financial Officer20+ years of international experience with Sinopec and Siemens Ltd. in China, and HTEC: Hydrogen Technology & Energy Corporation and Nano One Materials Corporation in Canada.

*formerly Adept Technology, Inc.

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Equity StructureShare price (February 12, 2020): $0.12

Market Cap: $10.6M

Common Shares: 88,367,325of which insiders and founding investors own: 25%

Warrants: 2,066,400 @ 0.075 expiring 11-15-20

Employee/Director Options: 5,605,000(W/A $0.106)

Fully Diluted: 96,763,725

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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]

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http://aurorasolartech.com

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