File: Attachment Aurora Press Release - Final.pdf

Aurora Solar Technologies Announces Industrial Partnership for BT Imaging

Vancouver, July 22, 2026 Aurora Solar Technologies Inc. (TSX.V: ACU) ("Aurora" or the "Company") is pleased to announce that its wholly owned subsidiary, BT Imaging Pty Ltd. ("BT Imaging"), has entered into a strategic collaboration (the "Collaboration") with halm elektronik GmbH ("halm") designed to accelerate the industrialization, manufacturing and commercial deployment of BT Imaging's Intelligent PL Solutions platform.

The Collaboration combines BT Imaging's proprietary Intelligent PL Solutions platform, including its photoluminescence ("PL") metrology and technologies for advanced inline inspection, measurement, binning and quality assurance of photovoltaic cells and modules, with halm's proven high volume manufacturing capacity, industrialisation and design-for-manufacturing expertise, modular IV testing and characterization systems, global sales and distribution network, and field deployment, commissioning and after-sales support capabilities. Together, the parties intend to accelerate the industrialization, deployment and scale-up of BT Imaging's i5 cell inspection platform and M5 module inspection platforms in support of existing customer programs and future commercial opportunities.

The Collaboration is governed by three principal agreements:

dot a Memorandum of Understanding ("MOU") establishing the commercial framework for the strategic relationship;

dot an Operational Collaboration Agreement ("OCA") governing manufacturing, engineering, deployment and customer execution activities; and

dot a Convertible Loan Agreement ("Loan") providing BT Imaging with working capital to support commercialization activities.

The OCA Agreement establishes the framework for joint engineering, industrialization, manufacturing and customer deployment activities in support of BT Imaging's existing customer programs under the MOU.

Under the Loan, m3x GmbH has agreed to provide BT Imaging with a secured convertible loan of US$500,000. The net proceeds of the Loan will be used by BT Imaging for working capital and general corporate purposes, including deployments of i5-CEL and M5 systems. The Loan is interest- free for the first 90 days and is intended to convert into equity of BT Imaging upon completion of Phase 1 in accordance with the MOU, subject to receipt of TSX Venture Exchange (the "TSXV") acceptance. If Phase 1 is not completed, the Loan will bear interest at 5% per annum and, unless otherwise agreed by the parties, the Loan will become repayable within 30 days following a request for repayment in accordance with the Loan. The Loan is secured by a conditional, non-exclusive licence over core BT Imaging patents. The licence becomes exercisable only upon an event of default and is intended solely as security for the Loan.

https://cozen-my.sharepoint.com/personal/okulik_cozen_com/Documents/Aurora Press Release - Redline.docx The MOU establishes a framework for a phased strategic relationship that may include future equity participation, subject to business performance, satisfaction of agreed performance obligations, definitive agreements, corporate approvals and applicable regulatory approvals. Phase 1 contemplates an aggregate contribution by halm to BT Imaging of up to US$3.0 million, comprising US$1.5 million in cash to be contributed by halm to BT Imaging (including conversion of the Loan) and up to US$1.5 million of agreed engineering and manufacturing support contributions to BT Imaging from halm under the OCA. Upon completion of Phase 1, halm would hold approximately 28% of BT Imaging. The parties are working to close Phase 1 within the interest free period of the Convertible Loan.

Any subsequent phase of the strategic relationship will be considered following the successful execution of Phase 1 and continued customer adoption and commercial progress, subject to definitive agreements and all required corporate and regulatory approvals. Neither party is obligated to proceed with any subsequent phase unless the applicable definitive agreements have been executed and all conditions have been satisfied.

The Company believes this Collaboration represents an important milestone in the industrialization of BT Imaging's proprietary Intelligent PL Solutions platform. Management believes halm's industrial manufacturing capability, engineering resources and global deployment infrastructure provide a strong foundation to support BT Imaging's growing customer pipeline and transition to volume manufacturing.

Kevin Dodds, Chief Executive Officer of Aurora and BT Imaging, commented:

"Consistent with our partnership-led investment and growth strategy, we believe this collaboration brings together BT Imaging's proprietary Intelligent PL Solutions platform with halm's deep industrial expertise in photovoltaic metrology, IV characterization systems, volume manufacturing and end-user deployment to accelerate customer adoption and long-term commercial growth. The phased framework aligns investment with execution, business performance and value creation while preserving optionality as the relationship develops."

The Company will continue to pursue complementary customer programs, financing initiatives and strategic opportunities that support the commercialization and scale-up of its Intelligent PL Solutions platform and enhance long-term shareholder value.

Moritz Meixner, Managing Partner of halm and m3x GmbH, commented:

"BT Imaging has developed a highly differentiated technology platform combining proprietary photoluminescence metrology, advanced machine vision and AI-enabled analytics that we believe has significant potential to transform inline photovoltaic manufacturing. By combining BT Imaging's innovation with halm's long-standing expertise in PV metrology, industrialization and global manufacturing execution, we believe the collaboration provides a compelling pathway to scalable commercial deployment."

Completion of the proposed strategic relationship beyond Phase 1 remains subject to completion of due diligence, negotiation of definitive agreements, corporate approvals and applicable regulatory approvals. There can be no assurance that any subsequent phase of the proposed relationship will be completed.

The Collaboration constitutes a Reviewable Disposition as defined in Policy 5.3 Acquisitions and Dispositions of Non-Cash Assets ("Policy 5.3") of the TSXV and, as such, completion remains subject to the acceptance of the TSXV. Closing will occur once the TSXV has issued conditional acceptance, all required filings have been made, and all closing conditions have been satisfied.

https://cozen-my.sharepoint.com/personal/okulik_cozen_com/Documents/Aurora Press Release - Redline.docx About Aurora Solar Technologies and BT Imaging:

Aurora Solar Technologies Inc. (TSXV: ACU), through its wholly owned subsidiary BT Imaging Pty Ltd., develops advanced photoluminescence (PL) metrology, machine vision and AI-assisted analytics for the global photovoltaic manufacturing industry. Its Intelligent PL Solutions platform combines high-resolution optical imaging, precision measurement and artificial intelligence to support inline inspection, defect classification, process optimization and quality assurance for leading photovoltaic manufacturers worldwide.

About halm and m3x GmbH:

halm elektronik GmbH is a leading supplier of measurement, testing and production equipment for the global photovoltaic manufacturing industry. For more than four decades, halm has provided high- precision IV measurement systems, characterization technologies and production solutions to leading photovoltaic manufacturers worldwide. Through its affiliate m3x GmbH, halm also undertakes strategic technology investments supporting innovation and industrialization within the photovoltaic manufacturing sector.

For more information about our products and operations, please visit our websites at www.aurorasolartech.com and www.btimaging.com. For media inquiries or further information contact: Jake Bouma Corporate Development Phone: +1 (604) 317-3936 corpcomm@aurorasolartech.com

Forward-Looking Statements Disclaimer

This press release contains certain "forward-looking information" within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements.

Forward-looking statements in this news release include, without limitation, statements regarding: the Company's growth strategy, product commercialization and financing plans; the proposed Collaboration with halm; the phased equity participation in BT Imaging; the anticipated closing and timing of Phase 1; the advance and intended conversion of the Loan; the anticipated benefits of the Collaboration; and the receipt of all required regulatory and stock exchange approvals, including approval of the TSXV.

Forward-looking statements reflect management's current expectations based on information available at the time of this news release and are subject to a variety of risks and uncertainties that may cause actual results to differ materially.

These risks and uncertainties include, without limitation: the Collaboration may not close; the TSXV may not approve the Collaboration or the conversion of the Loan; required regulatory approvals (including FIRB and German/EU FDI clearances) may not be obtained; commercial and operational outcomes may fall short of expectations; the Loan's security may rank behind existing secured creditors; and conditions in the global photovoltaic manufacturing sector may deteriorate.

Although the Company believes that the assumptions underlying these forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and involve inherent uncertainties and risks. Undue reliance should not be placed on such statements.

https://cozen-my.sharepoint.com/personal/okulik_cozen_com/Documents/Aurora Press Release - Redline.docx The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. 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.

https://cozen-my.sharepoint.com/personal/okulik_cozen_com/Documents/Aurora Press Release - Redline.docx

File: '\\swfile\EmailIn\20260722 052204 Attachment Aurora Press Release - Final.docx'

https://cozen-my.sharepoint.com/personal/okulik_cozen_com/Documents/Aurora Press Release - Redline.docx

Aurora Solar Technologies Announces Industrial Partnership for BT Imaging

Vancouver, July 22, 2026 - Aurora Solar Technologies Inc. (TSX.V: ACU) ("Aurora" or the "Company") is pleased to announce that its wholly owned subsidiary, BT Imaging Pty Ltd. ("BT Imaging"), has entered into a strategic collaboration (the "Collaboration") with halm elektronik GmbH ("halm") designed to accelerate the industrialization, manufacturing and commercial deployment of BT Imaging's Intelligent PL Solutions platform.

The Collaboration combines BT Imaging's proprietary Intelligent PL Solutions platform, including its photoluminescence ("PL") metrology and technologies for advanced inline inspection, measurement, binning and quality assurance of photovoltaic cells and modules, with halm's proven high volume manufacturing capacity, industrialisation and design-for-manufacturing expertise, modular IV testing and characterization systems, global sales and distribution network, and field deployment, commissioning and after-sales support capabilities. Together, the parties intend to accelerate the industrialization, deployment and scale-up of BT Imaging's i5 cell inspection platform and M5 module inspection platforms in support of existing customer programs and future commercial opportunities.

The Collaboration is governed by three principal agreements:

a Memorandum of Understanding ("MOU") establishing the commercial framework for the strategic relationship;

an Operational Collaboration Agreement ("OCA") governing manufacturing, engineering, deployment and customer execution activities; and

a Convertible Loan Agreement ("Loan") providing BT Imaging with working capital to support commercialization activities.

The OCA Agreement establishes the framework for joint engineering, industrialization, manufacturing and customer deployment activities in support of BT Imaging's existing customer programs under the MOU.

Under the Loan, m3x GmbH has agreed to provide BT Imaging with a secured convertible loan of US$500,000. The net proceeds of the Loan will be used by BT Imaging for working capital and general corporate purposes, including deployments of i5-CEL and M5 systems. The Loan is interest-free for the first 90 days and is intended to convert into equity of BT Imaging upon completion of Phase 1 in accordance with the MOU, subject to receipt of TSX Venture Exchange (the "TSXV") acceptance. If Phase 1 is not completed, the Loan will bear interest at 5% per annum and, unless otherwise agreed by the parties, the Loan will become repayable within 30 days following a request for repayment in accordance with the Loan. The Loan is secured by a conditional, non-exclusive licence over core BT Imaging patents. The licence becomes exercisable only upon an event of default and is intended solely as security for the Loan.

The MOU establishes a framework for a phased strategic relationship that may include future equity participation, subject to business performance, satisfaction of agreed performance obligations, definitive agreements, corporate approvals and applicable regulatory approvals. Phase 1 contemplates an aggregate contribution by halm to BT Imaging of up to US$3.0 million, comprising US$1.5 million in cash to be contributed by halm to BT Imaging (including conversion of the Loan) and up to US$1.5 million of agreed engineering and manufacturing support contributions to BT Imaging from halm under the OCA. Upon completion of Phase 1, halm would hold approximately 28% of BT Imaging. The parties are working to close Phase 1 within the interest free period of the Convertible Loan.

Any subsequent phase of the strategic relationship will be considered following the successful execution of Phase 1 and continued customer adoption and commercial progress, subject to definitive agreements and all required corporate and regulatory approvals. Neither party is obligated to proceed with any subsequent phase unless the applicable definitive agreements have been executed and all conditions have been satisfied.

The Company believes this Collaboration represents an important milestone in the industrialization of BT Imaging's proprietary Intelligent PL Solutions platform. Management believes halm's industrial manufacturing capability, engineering resources and global deployment infrastructure provide a strong foundation to support BT Imaging's growing customer pipeline and transition to volume manufacturing.

Kevin Dodds, Chief Executive Officer of Aurora and BT Imaging, commented:

"Consistent with our partnership-led investment and growth strategy, we believe this collaboration brings together BT Imaging's proprietary Intelligent PL Solutions platform with halm's deep industrial expertise in photovoltaic metrology, IV characterization systems, volume manufacturing and end-user deployment to accelerate customer adoption and long-term commercial growth. The phased framework aligns investment with execution, business performance and value creation while preserving optionality as the relationship develops."

The Company will continue to pursue complementary customer programs, financing initiatives and strategic opportunities that support the commercialization and scale-up of its Intelligent PL Solutions platform and enhance long-term shareholder value.

Moritz Meixner, Managing Partner of halm and m3x GmbH, commented:

"BT Imaging has developed a highly differentiated technology platform combining proprietary photoluminescence metrology, advanced machine vision and AI-enabled analytics that we believe has significant potential to transform inline photovoltaic manufacturing. By combining BT Imaging's innovation with halm's long-standing expertise in PV metrology, industrialization and global manufacturing execution, we believe the collaboration provides a compelling pathway to scalable commercial deployment."

Completion of the proposed strategic relationship beyond Phase 1 remains subject to completion of due diligence, negotiation of definitive agreements, corporate approvals and applicable regulatory approvals. There can be no assurance that any subsequent phase of the proposed relationship will be completed.

The Collaboration constitutes a Reviewable Disposition as defined in Policy 5.3 - Acquisitions and Dispositions of Non-Cash Assets ("Policy 5.3") of the TSXV and, as such, completion remains subject to the acceptance of the TSXV. Closing will occur once the TSXV has issued conditional acceptance, all required filings have been made, and all closing conditions have been satisfied.

About Aurora Solar Technologies and BT Imaging:

Aurora Solar Technologies Inc. (TSXV: ACU), through its wholly owned subsidiary BT Imaging Pty Ltd., develops advanced photoluminescence (PL) metrology, machine vision and AI-assisted analytics for the global photovoltaic manufacturing industry. Its Intelligent PL Solutions platform combines high-resolution optical imaging, precision measurement and artificial intelligence to support inline inspection, defect classification, process optimization and quality assurance for leading photovoltaic manufacturers worldwide.

About halm and m3x GmbH:

halm elektronik GmbH is a leading supplier of measurement, testing and production equipment for the global photovoltaic manufacturing industry. For more than four decades, halm has provided high-precision IV measurement systems, characterization technologies and production solutions to leading photovoltaic manufacturers worldwide. Through its affiliate m3x GmbH, halm also undertakes strategic technology investments supporting innovation and industrialization within the photovoltaic manufacturing sector.

For more information about our products and operations, please visit our websites at www.aurorasolartech.com and www.btimaging.com.

For media inquiries or further information contact:

Jake Bouma

Corporate Development

Phone: +1 (604) 317-3936

corpcomm@aurorasolartech.com

Forward-Looking Statements Disclaimer

This press release contains certain "forward-looking information" within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements.

Forward-looking statements in this news release include, without limitation, statements regarding: the Company's growth strategy, product commercialization and financing plans; the proposed Collaboration with halm; the phased equity participation in BT Imaging; the anticipated closing and timing of Phase 1; the advance and intended conversion of the Loan; the anticipated benefits of the Collaboration; and the receipt of all required regulatory and stock exchange approvals, including approval of the TSXV.

Forward-looking statements reflect management's current expectations based on information available at the time of this news release and are subject to a variety of risks and uncertainties that may cause actual results to differ materially.

These risks and uncertainties include, without limitation: the Collaboration may not close; the TSXV may not approve the Collaboration or the conversion of the Loan; required regulatory approvals (including FIRB and German/EU FDI clearances) may not be obtained; commercial and operational outcomes may fall short of expectations; the Loan's security may rank behind existing secured creditors; and conditions in the global photovoltaic manufacturing sector may deteriorate.

Although the Company believes that the assumptions underlying these forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and involve inherent uncertainties and risks. Undue reliance should not be placed on such statements.

The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

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.