ARISE Technologies Signs First Contract for Sale of 7N+ Silicon



    
    -   ARISE will sell 120 tonnes of 7N+ silicon over three-year period,
        commencing 2011 to Taiwan-based manufacturer, Sino-American Silicon
        Products Inc. (SAS)
    -   Silicon will be produced at ARISE's new 400-tonnes-per-year pilot
        production plant construction of which is scheduled to start in
        Waterloo in third-quarter 2008
    -   Second agreement provides for SAS to process ARISE 7N+ polysilicon
        into solar wafers for ARISE's PV cell production
    

    WATERLOO, ON, June 12 /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
Sino-American Silicon Products Inc. (SAS) has contracted with ARISE to
purchase 120 tonnes of 7N+ solar-grade polysilicon.
    Under the agreement, SAS will purchase 40 tonnes in each of 2011, 2012,
and 2013. ARISE plans to manufacture the 7N+ high-purity (99.99999 percent
purity) silicon at its new pilot plant in Waterloo, Ontario. Pricing terms of
the agreement are confidential, but are believed to be consistent with
industry standards.
    As previously announced, construction of ARISE's new silicon pilot
manufacturing plant is planned to begin in the third-quarter 2008 with an
initial capacity of 50 tonnes per year in 2009, ramping up to 400 tonnes per
year in 2010. The contract with SAS is consistent with ARISE's plan to use the
output from the new silicon plant to meet the requirements of its growing PV
cell production at its new manufacturing plant in Germany as well as for sale
to other companies.
    Under a second three-year agreement signed between the companies, ARISE
will consign 7N+ polysilicon to SAS. SAS will use the material to process
solar wafers for ARISE, which will use them for its PV cell manufacturing
operations. Under this agreement, the processing will consist of 40 tonnes in
2010, 80 tonnes in 2011, and 160 tonnes in 2012.
    "This signing of our first sales agreement for the 7N+ high-purity
silicon that we will be producing is a very exciting step for ARISE. It
signifies further validation of our technology and strategic plans," said Bart
Tichelman, President and Chief Executive Officer. "It is significant on many
levels, including the opportunity to forge a long-term relationship with
Sino-American Silicon Products that we expect will be beneficial to both our
companies."
    "Prior to signing these agreements, we have examined the plans, products,
and technology of ARISE Technologies and have been very impressed by them,"
said Doris Hsu, President of Sino-American Silicon Products Inc. "SAS is very
pleased to have been able to reach these agreements with ARISE and we look
forward to working closely together in advancing our solar businesses over the
coming years."

    About Sino-American Silicon Products Inc.

    Sino-American Silicon Products Inc. (SAS), incorporated in 1981, is the
leading and the first public company specializing in the manufacturing of
medium- and small-diameter silicon wafers in Taiwan. SAS is principally
engaged in the research, development, manufacture, and sale of silicon wafers
and ingots. Headquartered in Taiwan, with its shares traded on the
Over-The-Counter Security Exchange in the Republic of China since March 2001,
SAS offers silicon ingots, solar ingots/chips, diffused wafers, polished
wafers, non-polished wafers, epitaxial wafers, silicon-on-insulator (SOI)
wafers, and other non-silicon products. The company distributes its products
in the domestic market and to overseas markets, including the rest of Asia,
the Americas, and Europe.

    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 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.

    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.

    %SEDAR: 00017494E




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

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ARISE TECHNOLOGIES CORPORATION

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