Aurora Control Technologies Corp.: SIBCO to develop and market inline measurement solutions in China’s photovoltaic market using Aurora’s DecimaTM and PMCTM products
(firmenpresse) -
Aurora Control Technologies Corp.: SIBCO to develop and market inline measurement solutions in China’s photovoltaic market using Aurora’s DecimaTM and PMCTM products
Shanghai, China and North Vancouver, BC, Canada, September 10, 2013 – SIBCO BV (“SIBCO”) and ACT Aurora Control Technologies Corp. (“Aurora”) are pleased to announce that they have reached an agreement to develop, market and install inline measurement and process control applications for Aurora’s DecimaTM and PMCTM inline measurement and control products in the People’s Republic of China.
China is the world’s largest single market for solar wafer, cell and module manufacturing, with over 50 percent of global manufacturing capacity in 2012. SIBCO, an engineering company that specializes in technology transfer, process development and turnkey processing solutions has engineered and installed process control and high-efficiency cell production equipment in over 40 production lines in solar wafer, cell and module manufacturers in China since 2006. The combination of SIBCO’s production line design and engineering track record with Aurora’s products brings Chinese PV manufacturers a complete turnkey solution to get the most profitability from their cell and wafer manufacturing operations.
“We chose Aurora’s Decima and PMC products because they are unique in their specific design and capabilities for inline process control, and they fit extremely well with our high-efficiency cell manufacturing systems,” said Ton Schless, SIBCO’s CEO. “By combining our products, PV wafer and cell manufacturers will be able to readily maximize their production line yields and throughput, providing a lower cost of ownership and higher profitability from manufacturing operations.”
“We are very pleased to work with SIBCO in China, as they are a successful and established manufacturing engineering firm that, over the past seven years has designed and brought into operation more than forty new manufacturing technology installations in the photovoltaic and semiconductor industries,” said Gordon Deans, Aurora’s President & CEO. “We expect this relationship will benefit manufacturers and accelerate the adoption of Aurora’s products in the Chinese photovoltaic market.
In addition to the above, Aurora announces that it has entered into an investor relations agreement with Jeff French dated September 10, 2013 (the "IR Agreement") for a one year term. In consideration of the services provided, Aurora has today granted 180,000 options exercisable at $0.36 until September 10, 2018. Aurora has also today granted 50,000 options exercisable at $0.36 until September 10, 2018 to a consultant. All options are subject to vesting in accordance with the policies of the TSX Venture Exchange (the "Exchange").
Aurora also wishes to provide an update to its news release issued on July 26, 2013 regarding a proposed warrant amendment. Aurora will now be amending the terms of a total of 2,971,833 warrants which were issued to subscribers of a private placement which closed in two tranches on May 30, 2012 and July 13, 2012. All warrants will be extended by six months so that 1,171,833 warrants expire on May 30, 3014 and 1,800,000 warrants expire on July 13, 2014.
Both the IR Agreement and the warrant amendment are subject to the approval of the Exchange.
About SIBCO:
SIBCO is a Dutch engineering company with operations in the US and China. SIBCO is specialized in photovoltaic cell and module assembly technology and process solutions, as well as chip packaging solutions. Its expertise in high efficiency back contact PV cell and module assembly processes with the lowest cost of ownership has earned SIBCO a leading position in the Chinese photovoltaic market as a supplier of the latest technology. This provides cell and module manufacturers with ongoing technological developments to improve their competitive position and be leaders in their field.
For more information, visit SIBCO’s website at www.sibco.com.cn.
About Aurora:
ACT Aurora Control Technologies Corp. develops, manufactures and markets inline measurement systems for the photovoltaic industry. Headquartered in North Vancouver, Canada, and founded by experienced leaders in process measurement, semiconductor manufacturing and industrial automation, the Company’s inline, real-time measurement and control products provide photovoltaic cell manufacturers with the means to lower production costs and increase profitability. The Company’s shares are listed on the TSX Venture Exchange and trade under the symbol “ACU”.
For more information, visit Aurora’s website at www.auroracontrol.com.
For further information contact:
ACT Aurora Control Technologies Corp.
Gordon Deans, P.Eng.
President & CEO
ACT Aurora Control Technologies Corp.
Phone: +1 (778) 241-5000
info(at)auroracontrol.com
www.auroracontrol.com
SIBCO BV
Antonius Schless
CEO
SIBCO BV
Phone: +86-186-2625-6677
info(at)sibco.com
www.sibco.com.cn
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.
Leseranfragen:
Datum: 13.09.2013 - 08:07 Uhr
Sprache: Deutsch
News-ID 296326
Anzahl Zeichen: 6178
contact information:
Town:
Wien
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 330 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Aurora Control Technologies Corp.: SIBCO to develop and market inline measurement solutions in China’s photovoltaic market using Aurora’s DecimaTM and PMCTM products
"
steht unter der journalistisch-redaktionellen Verantwortung von
Aurora Control Technologies (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
