WATERLOO, ON, Sep. 23, 2008 (Canada NewsWire via COMTEX News Network) --
ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T), which is dedicated to becoming a leader in high-performance, cost-effective solar technology, today announced the appointment of Garry J. West, FCA, to its Board of Directors.
Mr. West was Managing Partner for Southwestern Ontario (2001-2006) for Ernst & Young LLP, responsible for the accounting firm's practice in Kitchener and London. From 1986 to 2000, Mr. West was a Managing Partner for Ernst & Young's Toronto North Office, following which he was appointed People Leader in the firm's Toronto Technology Communication and Entertainment Practice. He received his B.A. from the University of Toronto, became a Chartered Accountant in 1974 and a FCA in 2006.
"Mr. West brings to our Board valuable additional audit, accounting, and related expertise as he has worked with clients in technology, communications, manufacturing, and services businesses," said Vern Heinrichs, Chairman of the Board. "He has worked extensively in developing strategic plans for entrepreneurial clients, assisted in negotiating acquisitions and divestitures, and worked with international organizations. His clients have included registrants with the U.S. Securities and Exchange Commission that have filed under U.S. Generally Accepted Accounting Principles as well as companies that use International Financial Reporting Standards (IFRS)."
In addition, Mr. West has served an Interim Chief Financial Officer for ATS Automation Tooling Systems Inc. (October 2007-February 2008), is a Director and Chair of the Audit Committee for a TSX-Venture-listed company, BSM Technologies Inc. Mr. West has been active with a number of not-for-profit organizations, including serving as Treasurer of Cambridge Memorial Hospital (2003-2007), as President of the Royal Canadian Golf Association (2007), President of The Ontario Golf Association (1999), former Chairman of the Canadian Open Golf Championship, and is Secretary of the Bayview Golf and Country Club.
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 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 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.
SOURCE: ARISE Technologies Corporation
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 Copyright (C) 2008 CNW Group. All rights reserved.
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