ARISE Technologies Ranked the Eleventh Fastest Growing Technology Company in
Canada in the Deloitte Technology Fast 50(TM)

WATERLOO, ON, Sept. 23 /CNW/ - ARISE Technologies Corporation ("ARISE" or "the Company") (TSX: APV and Frankfurt: A3T), a leader in high-performance, high-quality, cost-effective solar technology, today announced that it is ranked among the Deloitte Technology Fast 50(TM), a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. ARISE's increase in revenues of 2,777 percent from 2005 to 2009 resulted in an eleventh place ranking.

For over 13 years, the Deloitte Technology Fast 50(TM) program has tracked the successful growth of Canadian-grown global leaders. Now Canada's pre-eminent technology award program, the Deloitte Technology Fast 50(TM) augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.

"Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "ARISE Technologies is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come."

ARISE CEO, Vern Heinrichs, credits its reputation for manufacturing quality, systems engineering and effective partnerships with its high growth from the years 2005 to 2009.

"We are honoured to have been recognized for a second year by Deloitte. The Technology Fast 50(TM) award symbolizes the continued strong demand levels we are seeing for our high-quality ARISE PV cells throughout Europe and the world. In Ontario, we are particularly pleased with the rate of adoption to clean solar energy which has been inspired by the government's implementation of the Feed-In-Tariff," he said.

To qualify for the Deloitte Technology Fast 50(TM) ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

About the Deloitte Technology Fast 50(TM) - The Deloitte Technology Fast 50(TM) program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50(TM) Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50(TM) candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15(TM) Awards (Canada's leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, GrowthWorks, TMX Group, Wellington Financial, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.

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.

%SEDAR: 00017494E

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]