WATERLOO, ON, Oct. 7 /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 signed a lease
for a facility in Kitchener, Ontario where it will locate its new pilot plant
for the production of 7N+ solar-grade polysilicon.
The 10-year lease, with options for two additional five-year terms, is
for a 68,000-square-foot building at 95 Washburn Drive, Kitchener. ARISE's PV
Silicon Division plans to use the facility to establish production capacity of
50 tonnes per year of its 7N+ solar-grade polysilicon in 2009. The facility
can support a further expansion of production capacity to 400 tonnes per year
in 2010. ARISE expects to use the initial 7N+ polysilicon that it produces for
the manufacture of PV (photovoltaic) cells at its manufacturing plant in
The company completed the leasing agreement through the commercial real
estate services company, CB Richard Ellis Limited, and also has concluded
contracts with a number of suppliers who will assist in the pilot plant's
development, including Rooflifters Inc., TMP The Mitchell Partnership Inc.,
Fortech Engineering Ltd., MTE Consultants and Melloul-Blamey Construction.
"With signing this lease and various agreements with consulting engineers
and contractors who will be our partners in establishing this exciting pilot
plant, ARISE is on schedule to meet our planned start-up for the production of
increasingly larger volumes of 7N+ polysilicon," said Bart Tichelman,
President and Chief Executive Officer.
"This property meets all of the requirements that we established for a
building that could be cost-effectively repurposed with the flexibility to
enable us to add capacity in stages. The plant will be using the proprietary
production method being developed by our PV Silicon Division. The initial
next-generation Silicon Refining Furnace (SiRF(TM) 4) has been fabricated and
is running at our supplier's plant, and deliveries to us are set for the 2009
first quarter," Mr. Tichelman said.
ARISE has been producing high-purity silicon at a Silicon Feedstock Mini
Pilot Plant operating since 2007 at its head-office facilities in Waterloo,
Ontario. The Mini Pilot Plant uses earlier generation, smaller scale SiRF
furnaces to develop its production methods to achieve the 7N+ purity level
needed for high-efficiency PV cells. The production process uses a simplified
chemical vapour deposition process.
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