ARISE & Deutsche Solar AG Enter Silicon Wafer Supply Agreement

ARISE Technologies Corporation announced that its wholly owned German subsidiary, ARISE Technologies Deutschland GmbH (ARISE Germany), has entered into a silicon wafer supply agreement with Deutsche Solar AG (DS) of Germany.

Under the terms of the agreement, DS will supply silicon wafers to ARISE Germany’s planned 80-megawatt (MW) photovoltaic (PV) cell production facility in Bischofswerda, Germany, ramping from January 1, 2008 through December 31, 2017. This ten-year agreement, consisting of approximately 200 MW of wafers, represents a significant portion of the proposed PV production facility’s long-term silicon wafer supply requirements. “We are very pleased to have completed this agreement, which is the first step in implementing our portfolio approach to securing long-term and short-term silicon wafer supply for this facility,” said Ian MacLellan, ARISE President and CEO. ARISE Germany and DS are currently in discussions to secure up to an additional 200 MW of silicon wafers over the same time period. In accordance with current industry requirements, ARISE has agreed to commence certain prepayments to DS in 2007 to secure the wafer supply.
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