ARISE BEGINS COMMISSIONING SILICON FACILITY

Achieves key milestone in Silicon program

WATERLOO, ON, June 13, 2011 /CNW/ - ARISE Technologies Corporation (TSX: APV) (Frankfurt: A3T), a leader in high-performance, high quality, cost-effective solar technology, and Sustainable Development Technology Canada (SDTC) announced today that its Silicon Division had reached an important milestone in the advancement of its silicon program.

ARISE recently reached the fifth milestone of its SDTC-funded project. In achieving this important milestone, ARISE successfully produced more than 400 kilograms of 7N+ purity silicon using the Company's proprietary production methods. Other elements involved in attaining this milestone include factory testing of the facility's pilot plant reactor and support equipment, and the preparation of the facility for the installation of the reactor which is expected to occur in the third quarter of this year.

In addition, the company recently took delivery of Silicon Refining Furnace version 4.1(SiRF™ 4.1) which is needed to scale up its silicon production.

In June 2006, the Government of Canada through SDTC committed to contribute up to $6.4M to support the project led by ARISE. SDTC's contribution is tied to milestone schedule and delivery as determined in the contribution agreement between ARISE and SDTC.

"We are extremely pleased to have reached this important milestone and have now begun commissioning our Kitchener silicon facility," said Dan Shea, CEO of ARISE. "Our Silicon Division's ability to produce high-purity silicon has the potential to be a key differentiator for our company in a competitive market place. If we are able to continue our progress and successfully commercialize this technology, it will allow us to control the supply, cost and purity of this key material which is used in the production of solar cells."

"ARISE's technology has the potential to greatly impact the photovoltaic solar industry in Canada and around the world by increasing production efficiency while also reducing costs," said Vicky Sharpe, SDTC President and CEO. "SDTC would like to congratulate ARISE on reaching one more significant milestone and is looking forward to continuing to work with them to move this promising technology towards commercialization."

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 rooftop and ground-mounted PV solutions since 1996. 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.

About Sustainable Development Technology Canada
Sustainable Development Technology Canada (SDTC) is an arm's-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians.  SDTC operates two funds aimed at the development and demonstration of innovative technological solutions.  The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil.  The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels. SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate. 

Forward-Looking Statements

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, uncertainties associated with legal proceedings and negotiations, industry supply levels, competitive pricing pressures and misjudgments in the course of preparing 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

Investor Relations 
Glen Williams
The Equicom Group
(416) 815-0700 ext. 272
gwilliams@equicomgroup.com

SDTC
45 O'Connor Street, Suite 1850, Ottawa, Ontario, Canada K1P 1A4
Patrice Breton, Director, Communications, (613) 234-6313 ext. 295
p.breton@sdtc.ca

Profil de l'entreprise

ARISE Technologies Corporation

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.