ARISE Announces Toronto Stock Exchange Delisting Review Determination and Comments on Temporary Trading Halt Initiated by Investment Industry Regulatory Organization of Canada

WATERLOO, ON, Nov. 24, 2011 /CNW/ - ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T), ("ARISE" or "the Company") announced that it has today received notice from the Toronto Stock Exchange ("TSX") to delist the Company's shares and warrants as of December 23, 2011.  This decision is the result of the previously announced delisting review which was initiated by the TSX and announced October 21, 2011. The TSX has concluded its review and has determined that the Company currently does not meet the listing requirements under existing policies.  ARISE is working toward listing its shares and warrants on an alternate exchange in order to minimize the impact on its shareholders.

In addition, the Investment Industry Regulatory Organization of Canada (IIROC) has initiated a temporary cease trade order on the ARISE's common shares and warrants.  The fifteen day temporary trading halt is in effect until such time as the Company's third quarter interim financial statements and MD&A ("Q3 financials") are completed.

As noted in the media release of November 14, 2011, ARISE is delayed in filing its interim Q3 financials due to material events that have occurred subsequent to the quarter end including the structured insolvency proceedings at the Company's German subsidiaries and related creditor issues.  These events have created an additional level of complexity. ARISE is working towards completing its interim Q3 financials as soon as possible in order to comply with IIROC's requirements so that the temporary trading halt is lifted.

ARISE will continue to provide updates regarding developments in the above mentioned items and any other material issues.

About ARISE Technologies
ARISE Technologies Corporation, based in Waterloo, Ontario, is dedicated to becoming a leader in high-performance, cost-effective solar technology.  The company consists of three divisions.  The PV (photovoltaic) cell manufacturing division (ARISE Germany) is located in Bischofswerda, Germany.  As previously announced ARISE Germany has entered into a voluntary insolvency process under German law.  The PV silicon division is using a proprietary method to produce silicon at 7N+ high-purity (99.99999% purity) for PV cell applications, based on a simplified chemical vapor deposition process.  The division is focusing on scaling up its process to provide ARISE with control over its supply, costs, and quality. The PV systems division has been providing rooftop and ground-mounted PV solutions since 1996. ARISE continues to operate its systems business in Ontario under the Ontario FIT (Feed-In Tariff) program.

The company's shares are listed on the Toronto Stock Exchange under the symbol APV and on the Frankfurt Open Market Exchange under the symbol A3T.  Additional information is available at www.arisetech.com and www.sedar.com.

Forward-Looking Statements and Risk Factors
Certain statements in this news release may be considered to be forward-looking.  Such statements are based on management's current expectations, estimations, and assumptions based on experience, trends, and other factors that are subject to the significant risks and uncertainties described in our regulatory filings.  Please refer to these.  Such risks and uncertainties may include, but are not limited to, the effects of general economic conditions, changing foreign exchange rates, actions by government authorities, the requirement for additional capital, risks associated with manufacturing, industry supply levels, competitive pricing pressures and misjudgements in the course of preparing forward-looking statements.

Risk factors relating to ARISE are discussed in the Risk Factors section of the (final) prospectus supplement, ARISE's Annual Information Form and under the headings Liquidity and Capital Resources and Risk and Uncertainties in ARISE's year-end Management's Discussion and Analysis which are or will be available at www.sedar.com.  These factors should be considered carefully, and readers should not place undue reliance on ARISE's forward-looking statements.

ARISE assumes no obligation to update any forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

SOURCE ARISE Technologies Corporation

For further information:

ARISE Technologies Corporation
65 Northland Road, Waterloo, Ontario, Canada N2V 1Y8
Doug McCollam, Chief Financial Officer, (519) 772-5706
www.arisetech.com

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