WATERLOO, ON, Sept. 21 /CNW/ - ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T), which is dedicated to becoming a leader in high-performance, high-quality, cost-effective solar technology, today announced that it has signed an agreement with QuickContractors.com to provide installation services for residential solar energy systems in Ontario.
Under the terms of the agreement, QuickContractors.com will provide installation services to ARISE's PV (photovoltaic) residential customers.
QuickContractors.com Inc., founded in 2004, is a leading provider of high-quality contracting services. Through the use of its proprietary job scheduling and installation management software, and its extensive industry/installation network, it delivers contracting and installation services across Canada.
"This partnership with QuickContractors.com is important to the ARISE Systems Division because it will allow us to scale up to meet the high levels of demand expected for solar energy systems when Ontario's Feed-In-Tariff (FIT) program comes into effect, while continuing to offer the high level of customer service and product quality for which ARISE is known," stated Vern Heinrichs, ARISE's President and Chief Executive Officer.
"By combining our key strengths in the PV engineering and design area with QuickContractors.com's core strengths in the installation space, we are building on ARISE's offering, and at the same time we are increasing our residential installation capacity. We are extremely impressed with QuickContractor's extensive industry network and solid reputation, and there is a strong fit with ARISE," remarked Ian MacLellan, ARISE PV Systems Division's President.
"ARISE will continue to offer PV solutions directly to all market segments, and will remain as the single point of contact. In the case of residential systems, QuickContractors.com will perform those installations on behalf of ARISE to our quality standards," he stated.
"We see this as an important move to enable our sales growth strategy as the Ontario solar market heats up. ARISE will continue to offer complete turnkey PV solutions directly. We will continue to focus on optimizing our system business in ways that will enable us to meet our longer-term requirements," said Mr. MacLellan.
QuickContractors.com Inc. is Canada's leading source to find high-quality prescreened contractors. Founded in 2004, QuickContractors.com puts a primary emphasis on creating positive, beneficial, and constructive relationships with consumers and contractors. QuickContractors.com currently has more than 1,500 qualified professionals across Canada.
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%. The PV Silicon Division is using a proprietary method to produce silicon at 7N+ high-purity (99.99999% 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 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 soon to be launched 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.
Forward-Looking Statements and Risk Factors
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, the requirement for additional capital, risks associated with manufacturing, industry supply levels, competitive pricing pressures and misjudgements in the course of preparing forward-looking statements.
Risk factors relating to ARISE are discussed in the Risk Factors section of ARISE's Annual Information Form and under the headings Liquidity and Capital Resources and Risk and Uncertainties in ARISE's year-end Management's Discussion and Analysis which are or will be available at www.sedar.com. These factors should be considered carefully, and readers should not place undue reliance on ARISE's 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: 65 Northland Road, Waterloo, Ontario, Canada, N2V 1Y8, Dave Chornaby, Chief Financial Officer, (519) 772-5732, Dave.Chornaby@arisetech.com, www.arisetech.com