Solar in Canada

[Ed Monton]

ARISE subsidiary signs five-year deal with SOLON


2008-01-10 16:49 ET - News Release

Mr. Gordon Jekubik reports

ARISE TECHNOLOGIES CORPORATION ANNOUNCES SIGNING OF CUSTOMER AGREEMENT

ARISE Technologies Corp.'s wholly owned subsidiary, ARISE Technologies Deutschland GmbH (ARISE Germany), has entered into an agreement with SOLON AG (SOLON) of Germany, to supply photovoltaic (PV) cells. Under the terms of the agreement, ARISE Germany will supply SOLON with 212 megawatts of PV cells over a five-year period. Produced at ARISE Germany's high-efficiency PV cell production facility in Bischofswerda, shipments will commence in the second quarter 2008 and continue through December, 2012. The first year of the five-year agreement is take or pay, with subsequent pricing to be negotiated on a year-by-year basis.

Commenting on the agreement, Chris Waters, vice-president of business development for ARISE, remarked: "We are pleased to sign this agreement with SOLON and view our partnership as an endorsement of our high-efficiency product road map. We are particularly thrilled to have SOLON as our first major customer in the important German marketplace."

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