ARISE Technologies Appoints MacLellan President of PV Systems Division
WATERLOO, ON, Nov. 19 /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 Ian
MacLellan has been appointed President of its PV Systems Division. Mr.
MacLellan has relinquished his current position as Chief Technology Officer of
ARISE while retaining his role as Vice-Chairman and Director. Bert Pendergast,
Vice-President and General Manager, PV Systems Division, will continue in that
role, reporting to Mr. MacLellan.
"The PV Systems Division was the initial business of ARISE Technologies
when Ian founded the company," said Bart Tichelman, the company's President
and Chief Executive Officer. "We are pleased that Ian has agreed to take on
the responsibility for the PV Systems business where he can continue to apply
his entrepreneurial skills to growing its operations," he said.
"Now that we have our first PV cell production line established," said
Mr. MacLellan, "I am very excited about focusing my efforts on growing our
Systems Business in 2009 and getting this business to profitability as quickly
as possible."
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 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.
%SEDAR: 00017494E
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