/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S.
NEWS WIRE SERVICES/
WATERLOO, ON, April 10 /CNW/ - ARISE Technologies Corporation (TSX-V:
APV) (ADAX: A3T) announced today that it has received and posted onto its
website (www.arisetech.com) an executive summary of a report from the German
solar energy research institute, the Fraunhofer Institute. The Fraunhofer
Institute report was commissioned as part of the due diligence process
undertaken by Commerzbank AG in connection with the proposed credit facilities
which may be established by ARISE with Commerzbank in connection with the
Company's proposed German photovoltaic cell manufacturing plant.
The report evaluated the technology that ARISE proposes to utilize in the
three proposed production lines of the plant. ARISE understands that the
report has satisfied the technical due diligence requirements of the bank.
ARISE Technologies is dedicated to accelerating the use of solar energy
in mainstream North American markets. The Company's shares are listed on the
TSX Venture Exchange under the symbol APV. Additional information is available
at www.arisetech.com and www.sedar.com. Certain statements contained in this
press release may be considered as forward-looking. Such forward-looking
statements are subject to risks and uncertainties that could cause actual
results to differ materially from estimated or implied results. The TSX
Venture Exchange has neither approved nor disapproved the contents of this
About the Fraunhofer Institut fur Solare Energiesysteme (Fraunhofer ISE):
With a staff of approximately 500, Fraunhofer ISE is the largest solar
energy research institute in Europe. The work at the Institute ranges from the
investigation of scientific and technological fundamentals for solar energy
applications, through the development of production technology and prototypes,
to the construction of demonstration systems. The Institute plans, advises and
provides know-how and technical facilities and services. In co-operation with
manufacturers and international research partners, the ISE performs materials
research and develops production technology for silicon and III-IV-solar
cells. The commercial applications of the research are central to the work.
The near production research facility in Freiburg, Germany was supplemented by
the Laboratory and Service Centre in Gelsenkirchen in October 2000. ISE
CalLab, the photovoltaic calibration laboratory at the Fraunhofer ISE,
renowned for its technical services, is one of the leading laboratories of its
kind in the world.
For further information:
For further information: ARISE Technologies Corporation, 65 Northland
Road, Waterloo, Ontario, Canada, N2V 1Y8, T: (519) 725-2244, F: (519)
725-8907, www.arisetech.com; David Ward, Director, Communications & Investor
Relations, T: (519) 772-5709, C: (416) 953-7638, email@example.com