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Press release from Business Wire

Carmanah Technologies Corporation and ESSI Corporation Sign Long Term Reciprocal Distribution Agreement

<p class='bwalignc'> <i>Strategic Cooperation Expands Service to Oil and Gas Industry</i> </p>

Tuesday, May 29, 2012

Carmanah Technologies Corporation and ESSI Corporation Sign Long Term Reciprocal Distribution Agreement11:44 EDT Tuesday, May 29, 2012 VICTORIA, British Columbia (Business Wire) -- Carmanah Technologies Corporation (TSX: CMH) and Environmental & Safety Systems International, Incorporated (“ESSI”) have signed a three year Reciprocal Distribution Agreement. Under the agreement, ESSI will distribute Carmanah offshore oil/gas sector marine navigational aids in the continental USA and Carmanah will reciprocate with the distribution of ESSI's proprietary fog horn, in addition to other products manufactured by ESSI, in Canada and Latin America. By leveraging each company's strengths, a broader product line will be offered together with skilled technical support to targeted oil/gas markets. ESSI has a long and successful history of distributing Sabik products to the oil/gas industry. Carmanah and Sabik together serve the marine navigation market branded as Carmanah/Sabik Marine, offering a full suite of aids to navigation (AtoN) with strong distribution in Canada and Latin America. "We immediately saw potential synergy between Carmanah/Sabik Marine's products and ESSI's oil/gas products with the goal of becoming strategic partners," explains Bruce Cousins, Carmanah CEO. "We're extremely pleased to have translated that early identified synergy into this long term agreement." ESSI has more than (20) years of experience as a dedicated manufacturer and supplier of products and services to the oil/gas industry. Kim Adams, ESSI's president states: "Our depth of knowledge and history of responsiveness in harsh conditions makes it difficult for outside manufacturers to qualify their products for distribution within our product line. Because Carmanah's products are rugged, reliable, and simple to activate, we believe this addition to our product offering will satisfy our customer requests. We each expect to benefit significantly from the strengths of each other, together expanding the reach and market share of Carmanah/Sabik Marine and ESSI in both new and established markets." 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 carmanah.com.About Sabik OySabik is a Finnish company with sister companies in Germany and Denmark. Sabik is in the business of enhancing safety for traffic at sea, on the road and on the railways.Sabik specializes in optical engineering, traffic telematic solutions and their components, and has accumulated knowledge in optics and microprocessor technology as well as in embedded and system level software. Sabik offers its clients the latest technical solutions and the technical support needed including installation and maintenance services.Sabik is a certified ISO 9001:2008 Quality Assurance System as well as a IS0 14001:2004 Environmental Management system, and has been a member in IALA since 1992, currently representing the European industry within the IALA Industrial Members Committee. For more information about Sabik, visit www.sabik.com.About ESSIEnvironmental & Safety Systems International, Incorporated is a privately held company involved in research/development, marketing, field service and repair of safety systems and satellite communications systems for the domestic and international oil/gas industry.For more information, visit essicorp.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:Investor Relations:Roland Sartorius CFO, 1-877-722-8877investors@carmanah.comorMedia:Public Relations:David Davies, +1-250-382-4332ddavies@carmanah.com