ARISE Announces Extension of
Commerzbank AG Credit Facilities
Waterloo, Ontario Canada, February 1, 2011 - 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 Commerzbank AG (“Commerzbank” or the “Bank”) has, subject to the fulfillment by February 28, 2011 of certain conditions and the approval by the banking committee of the Free State of Saxony, extended the Company’s loan facilities with the Bank until December 31, 2011. In addition, the Bank has proposed an extension of the Trust Agreement between the Bank and ARISE until April 30, 2011.