ARISE Appoints New Director

WATERLOO, ON, May 4 /CNW/ - ARISE Technologies Corporation ("ARISE" or the "Company") (TSX: APV and Frankfurt: A3T), a leader in high-performance, high-quality, cost-effective solar technology, today announced that Judson Whiteside has joined the Company's Board of Directors.

"We are very pleased to have Jud join our Board," said Peter Harder, Chairman of the ARISE Board of Directors. "With his extensive experience in advising manufacturing and technology companies, he will provide valuable guidance as we continue to expand and grow our business."

Mr. Whiteside is a senior partner with Miller Thomson LLP, one of Canada's leading law firms. From 1992 to 2007 he served as Chairman and Chief Executive Officer of the firm. Mr. Whiteside has substantive experience in all aspects of general commercial law, and consults regularly with clients who require input on day to day business decisions in addition to major transactions and business initiatives. Mr. Whiteside served as the Chairman of the Board of Directors of the Miller Thomson Foundation from 1992-2009 and sits on numerous corporate and charity boards.

About ARISE Technologies
ARISE Technologies Corporation, based in Waterloo, Ontario, is a leader in high-performance, cost-effective solar technology.  The company operates through three divisions.  The PV Cell Division manufactures PV (photovoltaic) cells at its first manufacturing plant opened in April 2008 in Bischofswerda, Germany.  The division is developing proprietary technology with a target of achieving a step-by-step progression to a high-efficiency level of greater than 20%.  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 PV solutions for solar farms and rooftop installations since 1996 throughout North America. ARISE is planning to expand 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 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 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
Doug.McCollam@arisetech.com
www.arisetech.com

Investor Relations:
Glen Williams
The Equicom Group
(416) 815-0700 x272
gwilliams@equicomgroup.com

 

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