28.8.2007: Meldung: Arise Technologies Corp.: Completion of PV Silicon Feedstock Program Milestone
Monday August 27, 1:20 pm ET
WATERLOO, ON, Aug. 27 / - ARISE Technologies Corporation announced today that it has completed the first major milestone of its PV Silicon Feedstock Program with the commissioning of its Silicon Refining Furnace version 3.1 (SiRF(TM) 3.1). This process uses a proprietary method to produce high purity silicon for photovoltaic (PV) applications using a simplified chemical vapor deposition (CVD) process. Over the last 14 months the Company has produced numerous test runs of silicon, and has confirmed through independent test labs that it has achieved sub-ppm (parts per million) levels of boron, phosphorus and metal impurities - a key factor for successful silicon production.
The Company currently expects that its silicon production costs will be similar to recent "direct metallurgical routes" announced by several industry participants, but that its unique simplified CVD process will produce higher quality silicon with less technical risk. This silicon is expected to allow ARISE to produce higher efficiency PV cells valued by customers, which will differentiate the Company from other PV cell producers.
The second milestone of the program will be the commissioning of the "mini pilot plant" in the ARISE Waterloo facility expected by the end of this year. Once this has met internal economic, scalability and quality objectives, the Company then plans to build a pilot plant in 2008, targeted to produce 50 tonnes of PV grade silicon in 2009. ARISE expects to start using internally produced silicon in its PV cell production in 2008, and grow production capacity beyond internal needs by 2012. The Company is starting preliminary discussions with several Canadian provinces for the possible location of a production plant. Once fully built out, a full-scale silicon production plant would be expected to create 200 - 400 high tech engineering, process and manufacturing jobs. The Company may require additional financing in order to build a silicon production plant.
"Our silicon program is an integral part of our high efficiency PV cell program. We expect that our wafer suppliers using ARISE silicon will achieve higher performance than what is currently available to us on the market, providing our PV cells technology with an additional performance advantage," said Ian MacLellan, President and CEO. "We are very pleased with the recent silicon quality results and the overall progress with our PV silicon program with the commissioning of SiRF(TM) 3.1."
ARISE Technologies is dedicated to accelerating the use of solar energy in mainstream North American markets. The Company has three operations: Photovoltaic (PV) Technology, Silicon Feedstock and Systems. ARISE Common shares are listed on the TSX Venture Exchange under the trading symbol APV and on the Frankfurt Stock Exchange Open Market under the symbol A3T. Additional information is available at www.arisetech.com and www.sedar.com. Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
For further information
ARISE Technologies Corporation: 65 Northland Road, Waterloo, Ontario, Canada, N2V 1Y8, Tel. (519) 725-2244, Fax: (519) 725-8907, www.arisetech.com
Ian MacLellan, President & CEO, (519) 772-5707, firstname.lastname@example.org, TSX Venture Exchange Symbol: APV
Source: ARISE Technologies Corporation