WATERLOO - ARISE Technologies Corporation announced the appointment of Mr. Peter Harder as Chairman of the Company's Board of Directors, succeeding Mr. Vern Heinrichs, who remains President and CEO.

"I am very pleased to announce that Peter Harder will be taking over as Chairman of the Board," said Vern Heinrichs, President and Chief Executive Officer of ARISE. "Peter has been a tremendous support to me during my tenure as Chairman and brings a great deal of experience and knowledge to the position. This transition will give us the benefit of Peter's insight and leadership at the Board level, while allowing me to focus fully on my responsibilities as President and CEO."

In addition, ARISE today announced several changes to the Company's senior management team. Effective immediately, Mr. Ian MacLellan will take over as President, of the PV Cells Division, relinquishing his current roles as CTO and President of the Systems Division. Mr. William ("Bill") White, currently VP of ARISE's Systems Division, becomes Executive Vice President responsible for all systems-related activities.

ARISE also announced Mr. David Chornaby's resignation from the position of Chief Financial Officer. Mr. Chornaby will be replaced by Mr. Douglas McCollam, effective November 23, 2009. Mr. Chornaby will remain with the Company during the transition period.

"On behalf of the Board of Directors, I would like to thank Dave for his many contributions as CFO of ARISE. We look forward to his continued leadership during the transition period. Dave has played a key role in the growth of the Company and we wish him all the best in the future," stated Mr. Heinrichs. "Both Bill and Doug are seasoned technology executives and we are very excited to welcome them to our leadership team. We believe they have the skills and vision necessary to help guide ARISE as we progress towards the next stage of our growth as a company."

Peter Harder

Peter Harder is a Senior Policy Advisor with Fraser Milner Casgrain LLP ("FMC") and has more than 30 years of experience at the centre of government decision making. Prior to joining FMC, Mr. Harder was a long serving Deputy Minister in the Government of Canada and has provided leadership in a number of key federal departments. Mr. Harder also served as Co-Chair of the Canada China Strategic Working Group. Peter sits on the Boards of Power Financial Corporation, IGM Financial Corporation, Telesat Canada, KRIA Resources Inc., Pinetree Capital Limited, and Uranium Star Corp. Peter is a member of a Board of Governors of the University of Ottawa, The United Church Foundation, Canada World Youth and other charitable organizations. Mr. Harder holds an M.A. from Queen's University, a B.A. and an honourary Doctorate of Laws from the University of Waterloo.

Doug McCollam

Doug McCollam is a senior financial executive who was most recently Chief Financial Officer at Corel Corporation. Prior to joining Corel, Mr. McCollam was Executive Vice President and Chief Financial Officer of Nordx/CDT. Mr. McCollam also spent more than 15 years in progressively senior management positions with Northern Telecom, including Vice President of Finance and operations for the company's Caribbean and Latin American markets. Mr. McCollam holds a Masters of Business Administration from the University of Chicago and a Bachelor of Commerce-Honors Finance from Concordia University.

William White

Prior to joining ARISE Technologies in 2009, William ("Bill") White was President of E.I. DuPont Canada Inc., an enterprise with approximately 1,000 employees and annualized revenue of approximately $1 Billion in Canada. Mr. White joined DuPont Canada in 1974 and held a number of progressively senior management positions, including Director, Global Operations and Director, Global Marketing, Sales and Consulting Solutions, until his appointment as President in 2006. Mr. White holds a B.Sc. in Mechanical Engineering from Purdue University. He serves on the Board of Directors of MaRS Discovery District in Toronto; he is Chair of the Advisory Committee for Mechanical Engineering at Purdue University; and a Director of the Sustainable Chemistry Alliance - Canada.