ARISE Announces Proposed Expansion of Production Capacity and Provides Update
on Silicon Division Discussions

WATERLOO, ON, Nov. 16 /CNW/ - ARISE Technologies Corporation ("ARISE" or "the Company") (TSX: APV and Frankfurt: A3T), a leader in high-performance solar technology, today announced that it has signed a non-binding Letter of Intent ("LOI") with a major turnkey supplier to purchase two 60 MW photovoltaic ("PV") cell production lines for its German plant.

"We are pleased to be taking the next step to increase our production capacity and capitalize on the resurgent growth in the global solar market," said Dan Shea, ARISE's President and CEO. "We expect the additions of Lines 3 and 4 to help us meet strong demand from our existing customer base, while providing us with the capacity necessary to aggressively pursue new customers."

Under the terms of the LOI, ARISE has four weeks to finalize the definitive purchase agreement and secure the required debt, equity and government funding for the purchase and installation of the production lines. The Company is currently in advanced discussions with various funding groups and will provide more details as these agreements are completed.

Over the last six months, ARISE management reviewed several options before selecting a proven turnkey supplier with the ability to meet the Company's short timeframe for delivery of the production lines. Together, the two 60 MW lines will increase the annual production capacity of ARISE's Bischofswerda plant from 85 MW to 205 MW, an increase of over 140%. ARISE expects to begin customer shipments from Lines 3 and 4 in the second and fourth quarter of 2011, respectively.

Silicon Division Discussions
The Company also today announced that it has entered into advanced discussions with a privately held European-based alternative energy company regarding a proposed arrangement to commercialize ARISE's proprietary 7N+ silicon SiRF technology.

After months of evaluation, the senior management teams of both companies met last week and agreed to move forward on both the final technology sign-off and the business terms of the proposed commercialization arrangement. It is anticipated that the proposed arrangement would have both cash and right to use components. Pending final technology evaluations, ARISE expects to finalize an agreement by year end.

"We are encouraged by the strong progress made in advancing these discussions with this European partner and look forward to finalizing a framework to unlock the value of our disruptive proprietary silicon technology," said Mr. Shea. "While we are very pleased with the pace of these discussions, we also continue to receive strong interest from other potential strategic partners."

About ARISE Technologies
ARISE Technologies Corporation, based in Waterloo, Ontario, 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 opened in April 2008 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%.  The PV Silicon Division is using a proprietary method to produce silicon at 7N+ high-purity (99.99999% 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 has been providing PV solutions for solar farms and rooftop installations since 1996 throughout North America. ARISE is planning to expand its systems business in Ontario under the Ontario FIT (Feed-In Tariff) 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 and Risk Factors

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, the requirement for additional capital, high debt levels, negative working capital levels, lack of profitability, risks associated with manufacturing, industry supply levels, competitive pricing pressures and misjudgements in the course of preparing forward-looking statements. 

Risk factors relating to ARISE are discussed in the Risk Factors section of ARISE's Annual Information Form and under the headings Liquidity and Capital Resources and Risk and Uncertainties in ARISE's year-end Management's Discussion and Analysis which are or will be available at www.sedar.com.  These factors should be considered carefully, and readers should not place undue reliance on ARISE's 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.

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For further information:

ARISE Technologies Corporation
65 Northland Road, Waterloo, Ontario, Canada N2V 1Y8
Doug McCollam, Chief Financial Officer, [phone]
[email protected]
www.arisetech.com

Investor Relations
Glen Williams
The Equicom Group
[phone] ext. 272
[email protected]