RISE Technologies Official Opening of PV Cell Plant in Germany
§ WATERLOO, ON, May 27 /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 the official opening of
its PV (photovoltaic) cell manufacturing plant in Bischofswerda, Germany will
be on Friday, June 6.
§ "This official opening will give us the opportunity to thank our partners
who helped make possible the achievement of bringing this PV cell
manufacturing plant from concept to production in the remarkably short time of
only 16 months," said Sjouke Zijlstra, vice-president and general manager
ARISE Technologies Deutschland GmbH.
§ "Since beginning production on April 17, we have been ramping up our
production on Line 1 at the plant to the planned annual rate of 35MW, have
moved ahead with preparations to bring Line 2 into production in the first
quarter of next year to increase the plant's capacity to 80MW annually, and
have begun the planning needed to add a third line in this building," Mr.
Zijlstra said.
§ "We are expecting a number of dignitaries to join us in marking this
milestone achievement for ARISE, including Stanislaw Tillich, the
Minister-President of the State of Saxony; Andreas Erler, the mayor of
Bischofswerda; Paul Dubois, the Canadian Ambassador to Germany; and others,"
he added.
§ Media are invited to attend the official opening ceremonies, which will
take place from noon to 4:00 p.m. at the plant at Thormeyerstrasse 1 in
Bischofswerda.
§ 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 purity) for PV cell
applications, based on a simplified chemical vapor 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 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.
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§ /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/
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Erfolg ist die Fähigkeit, von einem Mißerfolg zum anderen zu gehen,ohne seine Begeisterung zu verlieren.
(Winston Churchill)
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