Mr. Jake Bouma reports
AURORA SOLAR TECHNOLOGIES INC. PROVIDES BI-WEEKLY MCTO STATUS UPDATE
Aurora Solar Technologies Inc. has provided an update with respect to its previously announced management cease trade order (MCTO) in connection with the company's filing of its audited annual financial statements and management's discussion and analysis (MD&A) for the financial year ended March 31, 2026, and the applicable chief executive officer and chief financial officer certifications.
Further to the company's news release dated July 30, 2026, announcing that the company had applied to its principal regulator, the British Columbia Securities Commission, for a temporary MCTO under National Policy 12-203, Management Cease Trade Orders, the commission granted the MCTO on July 30, 2026. Pursuant to the MCTO, the chief executive officer and the chief financial officer of the company may not trade in securities of the company until the company files the annual filings and the commission revokes the MCTO. During this period, the company has undertaken not to, directly or indirectly, issue or acquire securities from an insider or employee of the company.
The MCTO does not affect the ability of shareholders to trade their securities.
Management and the company's auditor continue to make progress on the audit of the company's annual filings. The formal audit engagement letter was accepted and signed during the week of Sept. 7, 2026, and the audit process is under way. Given the timing of the audit engagement and the remaining audit procedures, while the company continues to work toward completing the annual filings as soon as practicable, it is not in a position to confirm that the annual filings will be completed by Sept. 28, 2026. The company will provide a further update regarding the anticipated filing date as the audit progresses and a more reliable timetable can be established.
The company will issue a news release announcing completion of filing of the annual filings at such time as they are completed and filed.
Until the company files the annual filings, it will comply with the alternative information guidelines set out under NP 12-203, including issuing biweekly default status reports by way of news releases, which will be filed on SEDAR+.
In addition, the company confirms that since the date of the announcement: (i) there has been no failure by the company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (ii) there has not been any other specified default by the company under NP 12-203; (iii) the company is not subject to any insolvency proceedings; and (iv) there is no other material information concerning the affairs of the company that has not been generally disclosed.
About Aurora Solar Technologies Inc.
The company acquired and wholly owns BT Imaging Pty. Ltd., a leader in high-precision photoluminescence imaging and measurement solutions for the solar industry, as part of a clean technology strategy to scale. BT Imaging specializes in advanced machine vision, defect categorization, precision measurements and machine learning delivered through its Intelligent PL Solutions platform. With headquarters near Vancouver, Canada, the company has operations in Sydney, Australia, and Shanghai, China. Its products are installed worldwide by customers and partners in all major solar manufacturing markets. The company is a public company, traded on the TSX Venture Exchange (ACU), and is a two-time TSX-V Top 50 winner and was recognized in September, 2024, as one of the fastest-growing companies in British Columbia by Business in Vancouver.
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