ARISE Technologies in talks to sell silicon assets due to going concern issues
Struggling, ARISE Technologies has said it is in talks with an unidentified ‘Fortune 500’ company to sell its 7N+ high-purity silicon technology assets. A period of due diligence under an exclusive arrangement has been entered into by both parties. ARISE operates under three divisions, which include a c-Si cell plant in Germany, a PV Systems Division in Ontario, Canada as well as the polysilicon arm, up for sale.