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Apivio Systems Inc. is a Canadian technology company principally engaged in the design, development, marketing, and sale of communications equipment and software. It has a wholly-owned Korean subsidiary with an established track record of supplying VoIP telephone equipment and other products to major Korean and international telecommunications carriers
BIG NEWS OUT ARISE Announces Bridge Loan and Merger LOIs and Amends Bridge Loan and Warrants
Posted by TechNews on October 18, 2011 | Post a comment Print This Article Email This Article
ARISE Technologies Corporation (TSX: APV; Frankfurt: A3T) said it has entered into a non-binding letter of intent (LOI) with Radiant Offshore Fund Ltd for a bridge loan financing in the amount of up to $1.5 million to be disbursed in three tranches with 1st tranche in the amount of $150,000 advanced to ARISE.
ARISE Technologies has also entered into a LOI for a merger between ARISE and an unnamed third party. ARISE and the unnamed third party are currently conducting due diligence to establish the relative values of the entities for the purpose of the proposed business combination.
ARISE Technologies and Haverstock Master Fund, Ltd. have entered into an amending agreement in respect of the share purchase warrants previously issued to Haverstock in May 2011 and July 2011. In consideration for Haverstock agreeing to extend the maturity of its bridge loan from September 30 to November 30 and to subordinate its security position in ARISE’ assets in certain circumstances, ARISE has agreed to reduce the exercise price of the 1,500,000 share purchase warrants issued to Haverstock in 2011 to $0.05. The share purchase warrants originally were exercisable at between $0.21 and $0.10. In addition, the amount due under the Haverstock bridge loan was increased by $25,000.
APV 100% up >....................
This is ready for another run. Buy now and set your stops @ 14 cents. This has definetly hit bottom. News is coming in the next few weeks as to the remianing 4.6 million to be raised for line 3. Line 3 will bring Arise to profitability.
Short term target:60 cents
Long term target: $1
GLTA!!!
Most recent TA:
http://chart-service.blogspot.com/2010/11/for-sh_02.html
Get your Buy Stops in above .18 because we are due for a bust up, could be for 30 cents like last time. Financials will be turning a corner to erasing debt and showing profitability very soon judging by the 2nd quarter report and expectations over the next 6 months.
Investor
This company is back and it currently is running two lines can now generate revenues of over 26 million a quarter.
There are planning to install 2 more lines in the next year and a half and will then be able to generate revenues of over 300 million a year.
Check out page 10 in this investor presentation
http://www.arisetech.com/images/stories/documents/ir/Presentations/arise%20overview%2020100521%20vf_final.pdf
There are also planning to make an annoncement on their silicon divison before the end of September.
This is up 23% today on yesterday's news
This could easily hit a dollar once in a little over a year.
ARISE Technologies Provides Business Update
WATERLOO, ON, Aug. 26 /CNW/ - ARISE Technologies Corporation ("ARISE" or "the Company") (TSX: APV and Frankfurt: A3T), a leader in high-performance, high-quality, cost-effective solar technology, today provided an update on its progress to date in the third quarter of 2010.
Highlights:
- Line Two running at full production volume
- Shipped over 10.8MW of PV cells in the first seven weeks of Q3, up
100% over same period in Q2
- PV cell shipments of 36.7MW year-to-date, a 403% increase over the
same period in 2009
- Systems business currently has 53 active projects
"To this point in the third quarter, we have continued to see increased demand for our products and an ongoing improvement in the PV solar cell market," said Vern Heinrichs, ARISE's President and Chief Executive Officer. "The successful ramp up to full production on Line Two at our German plant marks the successful completion of Phase One of our PV cell manufacturing plan. We continue to add new customers and have begun preliminary planning for the eventual commission of Lines Three and Four."
As ARISE moves into Phase Two of its PV cell manufacturing plan, management has identified three major objectives for the balance of this year:
1) Complete financing for Lines Three and Line Four as soon as
possible, with the objective of commissioning in 2011. ARISE is
currently in discussions regarding a variety of financing options
to expand capacity, including government loans and mezzanine debt.
Provided that funding can be obtained and lines Three and Four
successfully installed and commissioned, the company expects the
added production capacity to lead to economies of scale and lower
production costs.
2) Finalize commercialization plans for proprietary silicon
technology and high efficiency PV cells. The company continues to
work on a strategic partnership for its silicon division and
expects to announce its plans before the end of the third quarter.
ARISE also expects to disclose more detailed plans on its high
efficiency PV cell program before the end of this year.
3) Continue to focus on improving operational performance and expense
management. ARISE is also continuing the integration process with
Sky Solar on its EPC (Engineering, Procurement and Construction)
joint venture and will provide regular updates on its progress.
Board and Management Changes
Effective August 15, 2010, Professor David Johnston resigned from the ARISE Board of Directors to focus on his recently announced role as Canada's governor general-designate. ARISE management wishes to thank Professor Johnston for his significant contribution to ARISE over the four years that he served on the Board and wish him all the best in his prestigious new role.
ARISE also announced today that Ian MacLellan, the company's founder, is returning to the role of Chief Technology Officer. Sjouke Zijlstra will become Senior Vice-President, Advanced Manufacturing and Klaus Goetsch has been appointed Managing Director of the PV cell factory in Bischofswerda.
Just to give everyone a heads up. There is an exciting future for this company. In the third quarter we should be seeing revenues of about 27 million in Q3. (They have recently installed line 2 which will doulble revenues from Q2) . A gross profit and a continuing norrowing of net loss. They are also planning to annouce a partnership for their silicon division in September. Guidence of revenues will be released around October 12, 2010. Q3 results should released early November. This stock is currently trading around 18 cents with all time lows of about 16 cents.
Key Facts:
-Positioned in noth germany and Canada
-Positioned in ontario to take advantage of ontario feed in tariff program
-planning to install 2 more lines in the next year and a half which will bring revenues to over 300 million a year. (currently they can produce revenues of 100 million yearly with existing 2 lines
My targets are as follows
Short term (Mid November 2010) : 60 cents
Long Term (December 2011) : 2.00
Longer Term (November 2012) : 5.00
ARISE Technologies Reports Third-Quarter 2009 Results
http://www.cnxmarketlink.com/en/releases/archive/November2009/11/c8296.html
ARISE Technologies Announces Appointment of New Chairman and Changes to Senior Management Team
http://www.cnxmarketlink.com/en/releases/archive/November2009/11/c8293.html
ARISE Technologies Issuing 2009 Third-Quarter Financial Results November 11; Conference Call at 8:30 a.m. (ET) November 12
* Press Release
* Source: ARISE Technologies Corporation
* On 9:22 am EST, Friday November 6, 2009
WATERLOO, ON, Nov. 6 /CNW/ - ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T), which is dedicated to becoming a leader in high-performance, high quality, cost-effective solar technology, will release its 2009 third-quarter financial results after 5:00 p.m. (Eastern) on Wednesday, November 11, 2009.
ARISE will hold a conference call for analysts and investors at 8:30 a.m. (Eastern) on November 12. The company will file its 2009 third-quarter financial statements and Management Discussion and Analysis with SEDAR and these documents will be available on ARISE's website prior to the conference call.
Vern Heinrichs, President and Chief Executive Officer, and Dave Chornaby, Chief Financial Officer, will be available to answer questions during the call.
To participate in the call, please dial 416-644-3421 or 1-800-814-4861 (Canada and the U.S. only) at least five minutes prior to the start of the call. A live audio webcast of the conference call will be available at www.newswire.ca and www.arisetech.com.
An archived recording of the call will be available at 416-640-1917 or 1-877-289-8525 (Canada and the U.S. only) (Pass code: 4171959 followed by the number sign) from 10:30 a.m. on November 12, to 11:59 p.m. on November 19, 2009.
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%. The PV Silicon Division is using a proprietary method to produce silicon at 7N+ high-purity (99.99999% 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 has been providing PV solutions for solar farms and rooftop installations since 1996 throughout North America. ARISE is planning to expand its systems business in Ontario under the Ontario FIT (Feed-In-Tariff) 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.
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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Contact Us
Canadian Head Office ARISE Technologies Corporation 65 Northland Road Waterloo, Ontario Canada N2V 1Y8 t: (519) 725-2244 f: (519) 725-8907 Toll free: 1-877-274-7383 Map and Directions | PV Manufacturing Plant ARISE Technologies Deutschland GmbH Thormeyerstrasse 1 01877 Bischofswerda Germany t: (49) 3594-7179-0 f: (49) 3594-7179-111 Map and Directions |
ARISE Technologies is a proud to be an active member of CanSIA, OSEA and the United Way.
CanSIA's mission is to develop a strong, efficient, ethical and professional Canadian solar industry, able to service an expanding domestic energy market, to provide innovative solar solutions to world energy problems, and to play a major role in promoting the transition to a solar energy future world-wide.
The Ontario Sustainable Energy Association (OSEA) is a province-wide, member-based, non-profit organization. OSEA's mission is the serve the Community Power sector including households, farms FIrst Nations, Co-operatives and collaborative businesses, local distrivution companies, municipalities and others throuogh advocacy, public outreach and capcity building.
ARISE is an annual participant in the local United Way Appeal. All staff are encouraged to participate in the local United Way chapter to help local agencies build caring communities and respond to a broad range of human needs. In addition, ARISE makes a corporate donation to United Way each year.
Company Overview
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 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 financial information is available at www.sedar.com.
Products
- ARISE PV Cells
At our plant in Germany, ARISE Technologies manufactures multi-crystalline silicon solar cells. Located in Bischofswerda, Saxony, Germany, “ARISE Germany” opened in April 2008 and has been operating at full-scale production levels since July 2008.
Our customers are leading PV module manufacturers, and our state-of-the-art equipment, experienced staff, and expert production processes are some of the reasons behind our manufacturing success. ARISE PV cells are of the highest quality and must meet exacting standards/specifications for quality, reliability, safety and performance. In the next few years, ARISE intends to deploy proprietary technologies to enable the production of high-efficiency PV cells.
ARISE PV multicrystalline and monocrystalline cells are of the highest quality, reflecting our manufacturing expertise, a direct result of our experienced team of professionals and the stringent processes to which we adhere. At ARISE our commitment to product excellence is evidenced by the strong customer and supplier relationships we enjoy. Our strong relationships continue to grow and produce mutual benefits as we continue to advance our manufacturing processes and drive toward higher cell efficiencies. Situated in the heart of the world’s solar hub, ARISE Germany is ideally located to work with industry leading customers and suppliers.
- ARISE Silicon
At ARISE Technologies, we believe that for solar electricity to become a mainstream technology it has to become a cost-effective option compared with conventional electricity sources.
The biggest issue facing the photovoltaic (PV) industry today is the shortage of affordable solar-grade silicon, also known as polysilicon feedstock. While manufacturing efficiencies continue to lower costs in all other parts of the value chain, supply constraints and the high price of polysilicon feedstock has resulted in dramatic cost increases for PV modules since 2003. Coupled with unprecedented demand levels, compounded annual growth rates for installed PV have exceeded 40% over the past 10 years. In early 2004,the PV industry experienced serious supply constraints for the first time in its history. Long-term polysilicon contract prices more than doubled from less than $40/kg, and spot prices spiked far higher. Since then, PV cell manufacturers have had to commit to long-term contracts supported by cash deposits in order to secure polysilicon supply.
To address this situation ARISE is developing a unique proprietary process that is expected to yield strategic advantages for the company. ARISE expects that its proprietary Silicon Refining Furnace (SiRF™) process will produce high-purity (7N+) polysilicon feedstock at costs that are significantly below those using the conventional Siemens process.
Historically, the PV industry has relied upon ‘off-spec’(lower purity) silicon from the semiconductor industry. When produced according to specifications, Electronic Grade Silicon or EG-Si, is 99.99999999% pure (also referred to as 10 nines, or 10N). The removal of impurities is accomplished primarily using the Siemens Chemical Vapour Deposition process. The investment for a conventional Siemens facility is significant ($1B for a 10,000 tonne/year plant) and takes several years to get up to full operation.
In the past,‘off-spec’ material, which was in the range of 6-8N, was used for solar-grade polysilicon feedstock. However, the high demand for PV has effectively outstripped this supply in recent years and major producers are de-tuning their processes and expanding capacity to meet demand.
ARISE’s approach is to focus on developing a cost-effective proprietary process to produce 7N+material to complement the production of high-efficiency ARISE PV cells. We believe this will assure long-term success of ARISE in the PV marketplace.
2006 | Demonstrated lab scale operation of the ARISE refining process. |
2007 | In partnership with Sustainable Development Technologies Canada (SDTC), embarked on $20 million three-year pilot plant project to scale up the process and demonstrate commercial viability. |
2007-2008 | Met 4 of the 6 project milestones including quantitative milestones for economics, scale and quality in mini-pilot plant. |
Q4 2008 | Construction of pilot plant in Kitchener, Ontario |
2009 | Completion of 3-year pilot plant project with sustained demonstration of successful operation. |
Sustainable Development Technology Canada (SDTC) is a not-for-profit, arm's-length foundation created by the Government of Canada. SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind, large-demonstration-scale facilities for the production of next-generation renewable fuels. | |
The University of Waterloo has long been recognized as the most innovative university in Canada and is committed to advancing learning and knowledge through teaching, research, and scholarship in their faculties, colleges, and schools. |
- ARISE Systems
Since its founding in 1996, ARISE has earned a reputation for being a premier provider of a complete range of turnkey solar PV energy solutions. Headquartered in Waterloo, Ontario, Canada, ARISE is focused on the design and installation of grid-tied PV solutions for buildings and solar farms throughout Ontario. Our dedicated staff of solar engineers and solar technicians provide expert design and consulting services for grid-tied applications throughout Ontario.
ARISE's engineers and technicians are available for consultation on solar energy projects. We work with residential, industrial,commercial and public sector clients to provide expertise in solar systems design and engineering, solar energy efficiency analysis, and energy opportunity assessments.
Learn more about Ontario's FIT Program
| ARISE's professional engineers have extensive experience in the design and installation of residential systems and employ a systems design approach to ensure optimal energy output. ARISE has been involved in a number of important solar photovoltaic (PV) installations in Ontario including Toronto’s largest solar neighbourhood, the West Initiative Solar Energy project (WISE).
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Burlington Condominium – PV Solar Roof | The rooftops of many industrial/commercial buildings offer a tremendous opportunity to convert unused space into productive, energy-producing real estate. Surface-mounted or building-integrated photovoltaic (BIPV) systems on urban rooftops of buildings such as schools, offices, hotels and shopping malls allow owners to harvest solar energy and benefit from Ontario’s RESOP.
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Monitor real-time energy data from ARISE’s 3.12kw tracker system
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. For further information www.solon.com |
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