Arise Technologies concludes fourth deal to supply PV cells
KITCHENER, ONT-Arise Technologies, in Kitchener, has signed a letter of intent with a German firm, Blitzstrom GmbH, for the purchase of 5 MW of photovoltaic (PV) cells to be produced in 2007 and 10 MW targeted for production in 2008. Blitzstrom provides ready-made roof-mounted PV systems in a wide range of sizes. to solar installers. This is the fourth such arrangement Arise has negotiated since October 2005; previous letters have been signed with Day4 Energy, a Vancouver-based PV module manufacturer, a Japanese PV module manufacturer and, earlier this month, SDA Design Associates, an engineering firm in Harvard, Massachusetts dedicated to integrating solar energy in buildings. The solar cells will incorporate a patented thin film technology that permits the production of high-quality films on large areas by allowing the production of thin film on silicon wafer hybrid PV cells. In each case, terms of a definitive supply agreement will be determined closer to shipment of the product. Arise Technologies is collaborating with the University of Toronto to develop high-efficiency, more cost-effective PV cells for a global market whose value has grown from $5 billion (U.S.) in 2003 to an estimated $11.1 billion (U.S.) in 2005. More information is available on the company's Web site, www.arisetech.com, or from CEO Ian MacLellan, 519/725-2244, ext 222, FAX 519/725-8907, E-mail email@example.com.