WATERLOO, ON, Sept. 25 /CNW/ - ARISE Technologies Corporation (TSX: APV
and Frankfurt: A3T), which is dedicated to becoming a leader in
high-performance, cost-effective solar technology, today announced that it has
been named a winner of the prestigious Deloitte Technology Green 15 Award for
2008. This award was created last year to showcase 15 Canadian companies that
are leading the way to create major breakthroughs in the field of green
"The Deloitte Technology Green 15 Award recognizes Canadian companies
that offer solutions to global environmental challenges by creating
intellectual property and technology that reduce society's environmental
impact," said John Ruffolo, National Leader, Technology, Media &
Telecommunications Industry Group, Deloitte.
"Companies such as ARISE are creating technologies that have both a
significant environmental impact and demonstrate a compelling return on
investment. In doing so, they are helping position Canada as a global leader
in the development of commercially-viable green technology," explained
"We appreciate receiving this recognition by Deloitte as a further
affirmation of the leadership position that we are striving to achieve in the
development of cost-effective solar technology," said Bart Tichelman, ARISE
President and Chief Executive Officer.
"This recognition is indicative of the increasing profile that ARISE is
gaining in our industry in Canada and internationally, and is also directly
attributable to the encouragement and support that we have received from
Sustainable Development Technology Canada and Ontario Centres of Excellence.
Based on the progress that ARISE is making in developing and commercializing
our technology, our objective is to also be a future member of the Deloitte
Technology Fast 50," said Mr. Tichelman.
About the Deloitte Technology Green 15
The Technology Green 15 recognizes Canada's leading GreenTech companies.
GreenTech, the industry term for "green technologies", is taking on greater
importance in the world in general, and the world of business in particular.
It includes any technology that promotes a more efficient use and re-use of
the earth's resources in industrial production and consumption. GreenTech
products and services are designed to reduce or eliminate environmental
impacts and improve operational performance, productivity, or efficiency while
reducing costs, inputs, energy consumption, waste, or pollution. Although many
companies within GreenTech industry sectors are very different, they share a
common trait: all use new, innovative technology to create products and
services that compete with existing products and services on price and
performance while reducing impact on the environment.
About the Deloitte Technology Fast 50
The Deloitte Technology Fast 50 program is Canada's pre-eminent
technology awards program. Celebrating business growth, innovation and
entrepreneurship, the program features four distinct categories including the
Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian
tech companies in business less than five years, with the potential to be a
future Deloitte Technology Fast 50 candidate), Leadership Awards (companies
that demonstrate technological leadership in four industry subcategories:
hardware/semiconductor, software, telecommunications and emerging
technologies) and the Deloitte Technology Green 15 Awards (Canada's leading
GreenTech companies that promote a more efficient use and re-use of the
earth's resources in industrial production and consumption). Program sponsors
include Deloitte, Gowlings, GrowthWorks, RBC Capital Markets, Wellington
Financial, Stonewood Group, CATAAlliance and IGLOO. For further information,
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 operates through three divisions. The PV Cell Division manufactures PV
(photovoltaic) cells at its first manufacturing plant 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 percent. The PV Silicon Division is using a proprietary method to
produce silicon at 7N+ high-purity (99.99999 percent 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 provides complete
turnkey PV solutions for solar farms and rooftop installations under the
Ontario standard offer 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.
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.
For further information:
For further information: ARISE Technologies Corporation, 65 Northland
Road, Waterloo, Ontario, Canada, N2V 1Y8, Dave Chornaby, Chief Financial
Officer, (519) 772-5732, Dave.Chornaby@arisetech.com, www.arisetech.com