www.cnxmarketlink.com/en/releases/archive/June2010/25/c8148.html ARISE Technologies Announces Canadian Joint Venture with Sky Solar (Canada) Ltd.WATERLOO, ON, June 25 /CNW/ - ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T), a leader in high-performance, high-quality, cost-effective solar technology, today announced that it has established a joint venture (JV) with Sky Solar (Canada) Ltd. ("SKY SOLAR") to provide engineering, procurement and contracting ("EPC") services for solar projects under the Ontario FIT program. Under the terms of the agreement, SKY SOLAR will provide operating funding to the JV. EPC staff from ARISE's Systems Division will become employees of the JV and join with the SKY SOLAR engineers to deliver EPC services to customers in Ontario, where demand for solar power generation projects has risen steadily since the government's launch of the progressive Feed-In Tariff program. "Over the past several months we've been honoured to work closely with SKY SOLAR's international leadership team to forge this agreement. We look forward to continuing to work together to deliver EPC services to meet our clients' needs. " stated Vern Heinrichs, ARISE President and CEO. "We see this partnership as a tremendous opportunity for SKY SOLAR to succeed in the burgeoning Ontario solar market and offer our considerable expertise, particularly in the area of project development, EPC and project financing. ARISE's reputation for quality, PV engineering experience and an expanding service network will allow us to effectively respond to and serve our client base," stated Mr. Peter Liu, President of Sky Solar Canada. SKY SOLAR is headquartered in Toronto, Ontario. ARISE and SKY SOLAR will continue to serve their own customers in the Canadian marketplace but will also work as a team with all customers to ensure that project needs are met. ...... ..... www.skysolargroup.com/ |
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