ARISE Technologies Comments on Preliminary Fourth Quarter Results

WATERLOO - ARISE Technologies Corporation announced that preliminary results indicate that its shipments of photovoltaic ("PV") cells in the fourth quarter ended December 31, 2009 are expected to be approximately 7.0MW. This is in keeping with the Company's expectations and represents a 100% increase from the 3.5MW shipped in the third quarter of 2009. Further, ARISE's total PV cell shipments for 2009 are expected to exceed 15.0MW as per the guidance issued by the Company in November 2009.

ARISE also reported that preliminary results indicate that revenues for the fourth quarter of 2009 are expected to total approximately $11.3 million, compared to $18.9 million in the fourth quarter of 2008. Total revenue for the year ended December 31, 2009 is expected to be approximately $31.7 million, compared to $35.7 million for the year ended December 31, 2008. These results are based on unaudited preliminary company data and may be subject to final adjustment.

"During the fourth quarter, we saw further improvements in key areas of our business. We are encouraged by these results as they mark a third consecutive quarter of increased shipments, and point to an ongoing increase in demand for PV solar cells," said Vern Heinrichs, President and Chief Executive Officer. "The German solar market continues to show encouraging signs of recovery and appears poised to achieve solid growth throughout the first half of 2010. In Canada, our Systems Division is currently working on a number of initiatives to capitalize on the Ontario FIT program and the acceleration of the Ontario solar market's development."

In March, ARISE expects to release its 2009 fourth-quarter and year-end financial results and hold a conference call and webcast. Details on the timing will be provided closer to the release.