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A Bright Future Leveraged by High-Efficiency ARISE PV Cells

Message: Ontario's Minister of Energy &... visit ARISE Technologies

Ontario's Minister of Energy &... visit ARISE Technologies

posted on Apr 02, 2009 08:13PM


Attention Business Editors

Ontario's Minister of Energy and Infrastructure to visit ARISE Technologies

WATERLOO, ON, April 2 /CNW/ - ARISE Technologies Corporation (TSX: APV

and Frankfurt: A3T), which is dedicated to becoming a leader in

high-performance, cost-effective solar technology, will welcome the Honourable

George Smitherman, Ontario's Deputy Premier and Minister of Energy and

Infrastructure, at its Waterloo headquarters at 4:00 p.m. where he will tour

the company's facility and meet with company officials.

ARISE is among the clean technology companies expected to benefit from

Ontario's new Green Energy Act once it has been passed.

"The Green Energy Act, including the feed-in tariff (FIT) proposal that

the Government of Ontario has announced, is an important, long-awaited, and

exciting development for ARISE in several important respects," stated Vern

Heinrichs, the company's President and Chief Executive Officer.

"When adopted, the program should improve payback and make the economics far more attractive for solar systems in Ontario. This already has been demonstrated in several European countries and Ontario's proposed program is the first of its kind in North America.

The provision of long-term price guarantees is expected to increase investor confidence and access to financing, which should smooth the way for numerous projects that have been on the drawing board for some time as well as many new ones.

"Our customers, potential customers, and partners are telling us that the

FIT rates are definitely in the ballpark and are what is needed to generate

consistent, reasonable, and predictable returns over the long term. Once

finalized, we expect the FIT program to stimulate demand levels for PV solar

across all segments, ranging from community-based rooftops and commercial

installations to large utility-scale solar farms.

"In addition to enabling ARISE to grow our Systems business, we are

particularly excited at the prospect that we could supply PV cells from our

plant to meet the demand in Ontario. ARISE recently announced the start-up of

a second high-efficiency production line at our PV cell manufacturing plant

and we are in discussions with module manufacturers to determine how we can

draw on this capability in pursuing opportunities in Ontario. We believe that

the vertical integration that ARISE is developing from silicon production

through PV cell manufacturing, and systems installation should provide us with

a competitive advantage in terms of supply-chain economies," Mr. Heinrichs


"Although it is premature to estimate the size of the opportunity, the

Ontario Power Authority has stated it expects to be in a position to implement

the FIT program this summer.

Assuming this is the case, we would expect ARISE

to benefit in 2009," 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, [email protected], www.arisetech.com/

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