ARISE Technologies Confirms 2009 PV Cell Shipments to SOLON AG

WATERLOO, ON, Nov. 18 /CNW/ - ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T), which is dedicated to becoming a leader in high-performance, cost-effective solar technology, today reported that it has confirmed with SOLON AG the volume and pricing of PV (photovoltaic) cells that it will ship to SOLON in 2009.

"The volume of shipments and pricing arrangement for 2009 are consistent with our expectations and with the five-year agreement that we signed with SOLON in early 2008 to supply 212MW of PV cells over the life of the agreement," said Chris Waters, Vice-President, Business Development and Marketing for ARISE.

"During this past summer, ARISE began making volume shipments to SOLON of PV cells produced at our new German plant. We view the amicable negotiation of the shipment terms for 2009 as being confirmation both of the strong relationship that our companies are forging and of our mutual confidence for the outlook for our businesses over the coming year," Mr. Waters added.

About SOLON AG

SOLON AG is one of the largest solar module manufacturers in Europe and a leading supplier of photovoltaic systems for large-scale solar power plants. The SOLON Group has subsidiaries in Germany, Austria, Italy, Switzerland, and the U.S. and employs more than 900 people worldwide. The SOLON Group's core business is the manufacture of solar modules in various performance categories and of complete photovoltaic systems for the construction of solar power plants. Please see www.solon.com for more information.

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 Renewable 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.

Contacts

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