WATERLOO, ON, Sept. 24 /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 produced its first PV (photovoltaic) cells at its manufacturing plant in Bischofswerda, Germany using the company's own 7N+ polysilicon.
"We have taken another significant and important step forward in our silicon feedstock development project," said Jeff Dawkins, Vice-President and General Manager, PV Silicon Division. "This marks the first time that we have used our Silicon Refining Furnace (SiRF(TM)) to produce 7N+ high-purity silicon in a quantity that could be used to manufacture PV cells with an efficiency level comparable to those being produced at our German plant. Our current cell manufacturing process uses silicon wafers that we have purchased from other suppliers."
ARISE's silicon feedstock development project is being partially funded by Sustainable Development Technology Canada (SDTC). The project is developing a new approach for refining high-purity silicon needed for high-efficiency PV (photovoltaic) cells. The proprietary process that ARISE is developing is intended to produce 7N+ high-purity (99.99999 percent purity level) silicon for PV applications using a simplified chemical vapor deposition process. ARISE believes that its ability to produce 7N+ high-purity silicon will enable it to meet its target of more than 20 percent efficiency for PV cells.
"ARISE's technology has the potential to increase efficiency while also reducing the high cost of producing PV cells, a major issue currently facing the PV solar industry," said Vicky J. Sharpe, President and CEO of SDTC. "The achievement of this significant milestone in the silicon feedstock development project represents an important step forward for the PV solar industry in Canada and around the world."
"Having achieved this milestone in our development program, ARISE is displaying at the 24th European Photovoltaic Solar Energy Conference and Exhibition being held in Hamburg, Germany September 21-25, mono-crystal ingots that we produced from our polysilicon," Mr. Dawkins reported.
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 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 percent. The PV Silicon Division is using a proprietary method to produce silicon at 7N+ high-purity (99.99999 percent) for PV applications, based on a simplified chemical vapour 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. With the new Green Energy and Green Economy Act and the Ontario FIT (Feed-In-Tariff) program, ARISE is planning to expand its Systems business in Ontario.
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.
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(TM) supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund(TM) 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.
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: 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