WATERLOO, ON, March 25 /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 its
President and Chief Executive Officer, Bart Tichelman, will be interviewed at
about 3:30 p.m. (ET) on Business News Network.
ARISE issued its 2007 financial results last week, discussing the
progress that it made last year and in recent months in executing its
strategic plan, including the expected start-up of photovoltaic (PV) cell
production at its new plant in Bischofswerda, Germany. Earlier today, the
company announced that it now has firm agreements with six wafer suppliers
that will meet approximately 80 percent of its expected 2008 production
requirements. The company also confirmed that the start-up of Line 1 at its
new plant was on schedule and that it expects to have Line 2 in production in
the 2009 first quarter.
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 Technology Division is
developing a leading, high-efficiency photovoltaic cell based on proprietary
technology. The division is completing construction of its first manufacturing
plant, located in Bischofswerda, Germany and expects to begin shipping to PV
module makers in April 2008. The PV Silicon Technology Division is focusing on
improving PV cell efficiency to make the technology more cost-effective and is
also working to reduce or eliminate supply constraints. 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, including new photographs showing the German plant's
construction progress, is available at www.arisetech.com. The company's
regulatory filings may be obtained on our website and at 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