WATERLOO, ON, June 19 /CNW/ - ARISE Technologies Corporation (TSX: APV
and Frankfurt: A3T), which is dedicated to becoming a leader in
high-performance, cost-effective solar technology, welcomed the Honourable
John Wilkinson, Ontario's Minister of Research and Innovation, at its Waterloo
headquarters yesterday. He met with company officials.
"We were delighted to host the Minister and share with him ARISE's
innovation strategies and plans. ARISE has made notable progress in the areas
of photovoltaic (PV) cell research and silicon refining and it gives us great
pleasure to demonstrate some of our accomplishments. ARISE's R&D projects are
focused on developing cost-effective proprietary technologies to improve PV
cell performance and costs. In achieving greater cost efficiencies, ARISE aims
to help drive down the cost of solar. The Ministry of Research and
Innovation's programs, in concert with renewable technologies are a very
powerful combination. In the context of the newly passed Green Energy Act, we
see Ontario's leadership and commitment to developing clean technologies as
extremely encouraging and supportive of solar technologies," stated Vern
Heinrichs, the company's President and Chief Executive Officer.
"ARISE represents an example of how Ontario-based innovation can
potentially yield multiple benefits, here and internationally. ARISE is
involved in collaborative programs with key Ontario university researchers
targeted at improving PV cell efficiencies. In addition, ARISE is developing a
proprietary cost-effective process to produce solar-grade silicon for the use
in the manufacture of PV cells. These new technologies, if proven to be
commercially viable, would benefit ARISE and potentially the solar industry,"
commented Mr. Heinrichs.
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 provides complete turnkey
PV solutions for solar farms and rooftop installations under the Ontario
Renewable Energy 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