ARISE SOLAR SYSTEMS IN TROUBLE

This is very disappointing to see a local well known manufacturer and designer of renewable enrgy in financial trouble. Arise Technologies Corp. filed a notice of intention with the federal bankruptcy office last month in order to stave off creditors while they reorganize their finances. Today's K-W record has the full story in the Business Section titled "Arise hopes to save solar systems division". Arise has installed solar systems at the Region of Waterloo operations centre, the City of Kitchener operations centre and also the University of Waterloo. Clearly their technology is state of the art, accepted and doing it's job. Apparently other aspects of the business, including development costs, have been causing them their financial problems.