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Press release from Business Wire

Carmanah Announces Sales & Marketing Agreement With Best Light Mexico

<p class='bwalignc'> <i><b>Mexico-based agent signed for Carmanah EG and EverGEN solar lighting products in Mexican marketplace</b></i> </p>

Wednesday, May 16, 2012

Carmanah Announces Sales & Marketing Agreement With Best Light Mexico13:49 EDT Wednesday, May 16, 2012 VICTORIA, British Columbia (Business Wire) -- As part of the ongoing growth of its solar outdoor lighting business in Mexico, Carmanah Technologies (TSX: CMH) is pleased to announce an agreement has been signed with Best Light Mexico (“BLM”) for the specification, marketing and sales of Carmanah solar outdoor lighting products in Mexico. Building on the success of the Carmanah-Semex Manufacturing and Distribution partnership, established in 2010, the appointment of BLM in Mexico for Carmanah-Semex represents a significant advancement for the specification and distribution of Carmanah's solar outdoor lighting systems in the country. Earlier this year, Carmanah-Semex presented the State of Puebla with the Carmanah EG320 solar outdoor lighting systems for a 4.2 km park and pathway lighting project valued at over $1.2 million USD. In late 2011, the project was awarded to Carmanah and over 400 Carmanah solar outdoor lighting systems were deployed. The park later played host to a National celebration of the 150th anniversary of the Battle of Puebla which included the inauguration of the park by Mexico President, Felipe Calderon and National and International delegates on May 5th, 2012. BLM, founded by Ing. Arnulfo Villar, maintains over 35 years of experience in high specification lighting projects for public and private entities in Mexico which have included general area and street lighting for industrial and commercial developments and infrastructure improvement projects. The company's lighting experience coupled with Mexico's growing interest and investment in renewable resources (particularly lighting) positions BLM as a resource for major solar outdoor lighting projects nationwide. Located in Mexico City, BLM is establishing a showroom highlighting the Carmanah-Semex product line, and will include an educational center for prospective industries interested in learning more about taking their projects solar. Under the terms of the agreement, BLM will pursue sales of the Carmanah–Semex product lines, including EG-series and EverGEN solar outdoor lighting products, with localized sales representatives and marketing activities centered in Mexico City. “We're looking forward to BLM building on the success of our Carmanah-Semex relationship, as we've seen in Puebla and in park and street lighting projects awarded across Mexico,” states Bruce Cousins, Carmanah CEO. “Through this new agreement, Best Light Mexico will play an important role in ensuring we have the representation and support required for our continued, aggressive growth in this market.” “We are pleased with the agreement,” says Moises Villar, General Manager, BLM. “Carmanah represents a major supplier of reliable solar outdoor lighting products for the projects we're specifying and we're excited to meet the needs of our customers together.” The agreement, signed at LIGHTFAIR International tradeshow (LFI) on Thursday, May 10th at in Las Vegas, Nevada, represents a key milestone in the company's strategic pursuit of solar outdoor lighting opportunities in Mexico. For more information about Carmanah solar outdoor lighting products, visit www.carmanah.com. About Carmanah Technologies CorporationAs one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide. Industry proven to perform reliably in some of the world's harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH”. For more information, visit www.carmanah.com.This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will” or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Carmanah to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties. For additional information on these risks and uncertainties, see Carmanah's most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company's website at www.carmanah.com. The risk factors identified in Carmanah's AIF and MD&A are not intended to represent a complete list of factors that could affect Carmanah. Accordingly, readers should not place undue reliance on forward-looking statements. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.Carmanah Technologies CorporationInvestors:Roland Sartorius, CFOToll-Free: 1.877.722.8877investors@carmanah.comorMedia:David DaviesTel: +1.250.382.4332ddavies@carmanah.com