Arise Technologies

high performance solar technology A Bright Future Leveraged by High-Efficiency ARISE PV Cells </p

almost 13 years ago

Press Release Source: ARISE Technologies Corporation On Monday October 17, 2011, 7:24 am EDT

WATERLOO, ON, Oct. 17, 2011 /CNW/ - ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T), ("ARISE" or "the Company") announced that it has been directed to pay to Scheuten Solar, the amount of Euro 920,066, which includes interest and costs. This decision is as a result of an arbitration hearing which was concluded last week in Germany related to its dispute with Scheuten Solar regarding the lease of the Technology Centre in Gelsenkirchen, Germany .

ARISE is disappointed with the arbitration decision and is reviewing the arbiter's findings with a view to explore its options. The Company continues to work with its financial advisor, Canaccord Genuity, to evaluate strategic alternatives.

http://finance.yahoo.com/news/ARISE-Technologies-Announces-cnw-600949326.html?x=0&.v=1