Aurora Solar Technologies Signs MOU with Major Solar Panel Manufacturer

NORTH VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 27, 2016) – Aurora Solar Technologies Inc. (“Aurora“)(“Company“) (TSX VENTURE:ACU)(OTCBB:AACTF)(FRANKFURT:A82), a leader in inline measurement and control technology for the photovoltaic manufacturing industry has entered into a memorandum of understanding (MOU) with a major solar panel manufacturer. The MOU formalizes the relationship between the parties and allows the solar manufacturer to integrate Aurora’s Decima 3T measurement system with Veritas software into their existing production line and evaluate its performance for their current and new production lines. The ninety day paid assessment period is slated to begin in July.

“When we install our Decima 3T sensor with Veritas software on an existing production line, we give cell manufacturers the ability quickly find and correct the major causes of underperforming cells in their process,” said Steve McDonald, Vice President of Business Development. “Since cell manufacturers have not had the ability to reliably measure inline after the emitter formation process, the evaluation process is necessary to demonstrate how much better our system performs than anything in the market.” He continued, “Once we are installed, the performance and value of our system becomes immediately clear. We stay installed and we win future business.”

About Aurora:

Aurora Solar Technologies Inc. produces measurement and control solutions which allow solar cell producers to improve manufacturing yield, lower costs, decrease waste and attain higher margins. Headquartered in North Vancouver, Canada, and founded by experienced leaders in process measurement, semiconductor manufacturing and industrial automation, the Company’s shares are listed on the TSX Venture Exchange and trade under the symbol “ACU”. The Company was formerly “ACT Aurora Control Technologies”. For more information, Aurora’s website is located at www.aurorasolartech.com.

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 forward-looking 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 forward-looking statement.