Aurora Control Technologies (ACU.V) improves solar cell efficiency. ACU.V has niche position within the growing solar industry.
The company is involved in the improvement of quality assurance (QA) processes in solar cell manufacturing.
Coverage of the company was initiated a few months ago. Since then ACU.V has delivered on a few fronts:
1) Made product enhancements
2) Generated more orders
3) Raised funds
In February, ACU.V introduced the "Decima Gemini" which enables QA Bifacial Solar Cell Optimization System. According to the company; Bifacial solar cells "enables collection of reflected light available from the earth, rooftops, etc. generating up to 25% more energy than traditional cells." However, across the industry, few solutions were present to perform quality control on these cells. Responding to the request of its clients, the company developed a solution that can be leveraged across the industry.
Both in February and April, the company received more orders. In February, Nexxergy ordered a portable Decima 3T with Veritas software. Yesterday, an undisclosed industry leader ordered ten Decima 3T. From the company news release, it is known to be an existing customer dating back to 2013.
In March, the company was able to secure an oversubscribed private placement at 0.18 cents for $1.5M with warrant expiration at 0.30 cents.
This is considered a good proxy for current valuation of the company.
The company is currently attending SNEC PV Power Expo 2017 and the possibility for additional orders in the coming months is strong.
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