... Growing Technology Company in Canada in the Deloitte Technology Fast 50™

Press Release Source: ARISE Technologies Corporation On Wednesday October 19, 2011, 3:01 pm EDT

WATERLOO, ON, Oct. 19, 2011 /CNW/ - ARISE Technologies Corporation ("ARISE" or "the Company") (TSX: APV and Frankfurt: A3T), a leader in high-performance, high-quality, cost-effective solar technology, today announced that it is ranked among the Deloitte Technology Fast 50™, a ranking of the 50 fastest growing technology companies in Canada , based on the percentage of revenue growth over five years. ARISE's increase in revenues of 10017 percent from 2006 to 2010 resulted in a sixth place ranking.

For 14 years, the Deloitte Technology Fast 50™ program has tracked the successful growth of Canadian-grown global leaders. Now Canada's pre-eminent technology award program, the Deloitte Technology Fast 50™ augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.

"Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery," said Richard Lee , National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "ARISE is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come."

"We are honoured to have been recognized for a third year by Deloitte with the Technology Fast 50™ award. Our ranking reflects the incredible growth that the solar industry has benefitted from. More specifically here in Ontario we continue to see healthy adoption rates under the Feed-In-Tariff program," said Dan Shea , ARISE's President and CEO.

To qualify for the Deloitte Technology Fast 50™ ranking, companies must have been in business for at least five years, have revenues of at least $5 million , be headquartered in Canada , own proprietary technology, and conduct research and development activities in Canada . A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

About the Deloitte Technology Fast 50™ - The Deloitte Technology Fast 50™ program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50™ candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15™ Awards (Canada's leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, Wellington Financial, TMX Group, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.

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