ARISE Technologies Ranked Number 46 Fastest Growing Company in NA on
Deloitte's 2010 Technology Fast 500™

WATERLOO, ON, Oct. 20 /CNW/ - ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T), a leader in high-performance, high-quality, cost-effective solar technology, today announced that it ranked number 46 on Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009. ARISE grew 2777 percent during this period.

"We are honoured to be recognized by Deloitte twice in succession," commented ARISE's Chief Executive Officer and President, Vern Heinrichs. "Earlier this month, Deloitte's Technology Fast 50™ list for Canada ranked ARISE in 11^th place."

Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their outstanding five-year revenue growth.

"With its remarkable growth from 2005 to 2009, ARISE Technologies has earned its position among the fastest-growing technology, media, telecommunications, life sciences, and clean-technology companies in North America and deserves our congratulations," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte Canada. "Deloitte is proud to honor ARISE for this accomplishment."

Overall, companies that ranked on the 2010 Technology Fast 500™ had growth rates ranging from 146% to 164,079% from 2005 to 2009, with an average growth rate of 2,361%.

For additional details on the Technology Fast 500™ including qualifying criteria, visit www.fast500.com

About Deloitte

As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

About ARISE Technologies

ARISE Technologies Corporation, based in Waterloo, Ontario, is 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.

For further information:

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