WATERLOO REGION, ON, March 28 /CNW/ - ARISE Technologies Corporation
(TSX-V: APV) (ADAX: A3T) announced today that its wholly owned German
subsidiary, ARISE Technologies Deutschland GmbH, has entered into an equipment
supply contract with OTB Solar B.V. (OTB) of the Netherlands.
Under the terms of the agreement, OTB will design, deliver and commission
manufacturing and handling equipment for the initial production line of
ARISE's planned 80MW photovoltaic (PV) cell production facility in
Bischofswerda, Germany. OTB will also provide training services to ARISE
employees in the commissioning of this facility.
About OTB Solar
OTB Solar is a 100% subsidiary of the OTB Group, a leading company in the
design, engineering, development and manufacturing of tailor made inline
production equipment. OTB's core activity is the development and marketing of
state-of-the-art production machinery for solar cell manufacturing facilities.
OTB Solar's mission is to maintain its current technology leadership and
become the market's preferred supplier. OTB Solar operations are located in
Eindhoven, the Netherlands, and has regional offices in the United States,
Singapore and India.
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
For further information:
For further information: David Ward, Director, Communications & Investor
Relations, ARISE Technologies Corporation, 321 Shoemaker Street, Kitchener,
Ontario, Canada N2E 3B3, T: (519) 725-2244, C: (416) 953-7638, E:
email@example.com, www.arisetech.com; OTB Solar B.V., Luchthavenweg 10,
5657 EB Eindhoven, The Netherlands, T: 31402581581, www.otb-solar.com