Mr. Michael Heaven reports

AURORA RECORDS RECORD REVENUES AND FIRST COMPANY PROFIT IN THE SECOND QUARTER

Aurora Solar Technologies Inc. has achieved record revenues of $1,418,176 for the second quarter of the 2017-2018 fiscal year. The income from operating activities for the second quarter was $178,167, representing the first profitable quarter in the company's history.

Year to date for the first six months, the company has recognized $1,565,695 in revenue, an increase of 545 per cent from the same period last year. The operating income (loss) year to date was ($276,024), a reduction of 60 per cent from the same period last fiscal year. The company also confirms, excluding new potential orders, it has unrecognized revenue from shipments and order backlog of approximately $1-million expected to be realized this fiscal year.

In the past 12 months, Aurora's Decima infrared technology and Veritas software have either been purchased for new commercial installations or are being tested by a growing number of global market leaders in China, Korea, Singapore, Taiwan and Europe, providing Aurora with rapid revenue growth in the high-end monocrystalline PERC and bifacial areas. Both applications require sensitive handling and hands-free automated measurement to access quality postdiffusion and ensure a faster plant start-up and better overall yield by identifying poor-quality solar cells early in the process.

The company is also establishing market inroads in India and the United States, where the use of solar power and interest in solar cell manufacturing are expanding. Aurora is active in these markets with new customer opportunities, with technology platforms expected to be launched early next year.

Based on current discussions with existing customers and testing partners, Aurora is currently tracking a number of large order opportunities, representing a range of 36 to 75 systems, with order decisions expected within the next three to six months.

"We shipped a record number of systems in the second quarter, and, while near-term quarterly shipments are expected to fluctuate, we continue to see strong traction of our systems for monocrystalline PERC and bifacial applications supporting a positive year-over-year revenue growth outlook," said Michael Heaven, Aurora's chief executive officer. "Our goal remains to establish our technology as the global quality measurement standard in the solar cell manufacturing industry."

About Aurora Solar Technologies Inc.

Aurora's mission is to deliver exceptional results to the photovoltaic industry through measurement and control of critical processes during solar cell manufacturing.

The company measures and maps the results of critical cell fabrication processes, providing real-time visualization of material properties and true production tool performance. Its products provide process engineers and production-line operators with the means to rapidly detect and correct process excursions and material faults, limit variations, and optimize processes, thereby eliminating yield-reducing and profit-killing product variation.

The company is creating the standard for quality control systems for the global photovoltaic industry.

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