20.1.2006: Meldung: Arise Technologies Signs Third Letter of Intent to Supply PV Cells
Arise Technologies Corporation has announced that Solar Design Associates, Inc. of Harvard, Mass., has signed a Letter of Intent to purchase 5 MW of Atise photovoltaic ("PV") cells targeted for production in 2007 and 10 MW targeted for production in 2008. Terms of a definitive supply agreement will be determined closer to shipment of the product.
Arise Technologies, in collaboration with the University of Toronto, is developing high efficiency, low cost PV cells for the global PV market that has grown from US$5.0 billion in 2003 to an estimated US$11.1 billion in 2005. The solar cells will be produced using the patented DC Saddle-Field thin film technology that permits the production of high quality films on large areas allowing the production of thin-film on silicon wafer hybrid PV cells.
Ian MacLellan, CEO of Arise stated, "As the market shifts to multi megawatt projects, we are very pleased to be working in collaboration with SDA. In my opinion, SDA has the strongest portfolio of solar projects and their track record is unprecedented."
Steven Strong, President of SDA stated, "High efficiency is very important from a systems perspective because it reduces installation and balance of systems costs. It also reduces module cost with custom Building Integrated PV applications. We are pleased to increase our long standing working partnership with the Areise team that has been built up over the last ten years." Steven joined the Arise advisory council in 2003.
Arise Technologies is dedicated to accelerating the use of solar energy in mainstream markets. The company"s shares are listed on the TSX Venture Exchange under the symbols APV. Additional information is available at www.arisetech.com.
Solar Design Associates (SDA) is North America"s oldest and most respected design and engineering firm dedicated to the integration of solar energy in buildings. For over 25 years, SDA has incorporated renewable energy systems into the design of commercial buildings and custom homes. The firm supported the Olympic village design team to power the 1996 Summer Games with solar electricity, fielded solar thermal and solar electricity at the White House in Washington, DC and, has recently completed a new "solar skin" for the US Mission to the United Nations in Geneva. They are currently powering a major US sports stadium with solar energy. For additional information, see www.solardesign.com.
Source: ARISE Technologies Corporation