Ontario's Minister of Research and Innovation visits ARISE Technologies
Press Release
Source: ARISE Technologies Corporation
On Friday June 19, 2009, 9:00 am EDT
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.
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.
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
