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Attention Business Editors
ARISE Technologies Produces First PV Cells Using Its Own 7N+ Silicon
WATERLOO, ON, Sept. 24 /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 it has
produced its first PV (photovoltaic) cells at its manufacturing plant in
Bischofswerda, Germany using the company's own 7N+ polysilicon.
"We have taken another significant and important step forward in our
silicon feedstock development project," said Jeff Dawkins, Vice-President and
General Manager, PV Silicon Division. "This marks the first time that we have
used our Silicon Refining Furnace (SiRF(TM)) to produce 7N+ high-purity
silicon in a quantity that could be used to manufacture PV cells with an
efficiency level comparable to those being produced at our German plant. Our
current cell manufacturing process uses silicon wafers that we have purchased
from other suppliers."
ARISE's silicon feedstock development project is being partially funded
by Sustainable Development Technology Canada (SDTC). The project is developing
a new approach for refining high-purity silicon needed for high-efficiency PV
(photovoltaic) cells. The proprietary process that ARISE is developing is
intended to produce 7N+ high-purity (99.99999 percent purity level) silicon
for PV applications using a simplified chemical vapor deposition process.
ARISE believes that its ability to produce 7N+ high-purity silicon will enable
it to meet its target of more than 20 percent efficiency for PV cells.
"ARISE's technology has the potential to increase efficiency while also
reducing the high cost of producing PV cells, a major issue currently facing
the PV solar industry," said Vicky J. Sharpe, President and CEO of SDTC. "The
achievement of this significant milestone in the silicon feedstock development
project represents an important step forward for the PV solar industry in
Canada and around the world."
"Having achieved this milestone in our development program, ARISE is
displaying at the 24th European Photovoltaic Solar Energy Conference and
Exhibition being held in Hamburg, Germany September 21-25, mono-crystal ingots
that we produced from our polysilicon," Mr. Dawkins reported.
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 has been providing PV
solutions for solar farms and rooftop installations since 1996 throughout
North America. With the new Green Energy and Green Economy Act and the Ontario
FIT (Feed-In-Tariff) program, ARISE is planning to expand its Systems business
in Ontario.
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.
About SDTC
Sustainable Development Technology Canada (SDTC) is an arm's-length
foundation created by the Government of Canada which has received $1.05
billion as part of the Government's commitment to create a healthy environment
and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of
innovative technological solutions. The $550 million SD Tech Fund(TM) supports
projects that address climate change, air quality, clean water, and clean
soil. The $500 million NextGen Biofuels Fund(TM) supports the establishment of
first-of-kind large demonstration-scale facilities for the production of
next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with
the public and private sector including industry, academia, non-governmental
organizations (NGOs), the financial community and all levels of government to
achieve this mandate.
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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