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Press release from Business Wire

Super Highway Lighting Project Won by Carmanah Technologies

<p class='bwalignc'> <i><b>Carmanah EG500 solar lights win over $400,000 Mexico highway lighting project</b></i> </p>

Tuesday, November 06, 2012

Super Highway Lighting Project Won by Carmanah Technologies09:00 EST Tuesday, November 06, 2012 VICTORIA, British Columbia (Business Wire) -- In a project valued at over $400,000, Mexican officials have selected the EG500 solar-powered outdoor lighting system to illuminate the country's latest major superhighway, Supervia Poniente. The EG500 solar outdoor lighting system, developed by Carmanah Technologies Corporation (TSX: CMH)(Pink Sheets: CMHXF), represents the company's largest solar outdoor lighting product capable of producing up to 12,500 lumens. Originally slated for AC-powered lighting, Carmanah's proprietary EG500 solution both exceeded the lighting specifications required for the project and presented a compelling off-grid, sustainable lighting solution. The sale was handled by Best Light Mexico and Semex, Carmanah-authorized lighting partners in Mexico. “Cost-effectiveness, performance and a reputation for reliability contributed to the selection of the Carmanah EG-series for a series of large-scale infrastructure projects in Mexico, including the Supervia superhighway project,” comments Moises Villar, President, Best Light Mexico. “Officials in the State capital are pleased with the solar product's performance to-date and will continue to choose them for future highway and area lighting projects.” As a result of the decision to employ solar, the superhighway project benefited from cost savings as a result of a cable-free installation and low maintenance schedule. In concert with zero energy usage, the project also supports Mexico's commitment to sustainable solutions for use in major infrastructure development projects. The superhighway, 5km in length, will connect the city's Santa Fe business district with the Periferico elevated highway. The solar illuminated portion of the highway (2km) includes elevated highways and bridges which are ideal locations for cost-savings when solar is employed over AC-powered lighting fixtures. The EG500 was selected by Mexico officials and the Consortium Controladora Via Rapida Poetas, which includes Spanish-based multinational construction and civil engineering company, Obrascon Huarte Lain, S.A. (OHL) and Mexican firm, Copri. Already a leading highway and roadway solar lighting product, the EG500 of the Carmanah EG-series line is being used to safely illuminate roadways from Mexico and South America to the Middle East. Ideal for high solar regions of the world where existing infrastructure limitations benefit from stand-alone, zero-energy lighting products, the EG-series is suited to address the needs of developing nations for a high-performing outdoor lighting solution. “The company's success in Mexican and Latin America markets can be attributed to localized support and solar expertise,” suggests Bruce Cousins, Carmanah CEO. “Our distribution partner Semex, and local lighting agent Best Light, are champions in the presentation of our products' benefits, particularly in projects otherwise specified for grid-connected lighting. This presentation is helped by the product's ability to produce reliable, uniform and bright illumination at a cost-point that makes sense for organizations.” The Carmanah EG500 was presented as a sustainable lighting alternative for a multi-lane freeway that exceeded the project's lighting specification of 14 lux average, with 3:1 uniformity, at 30m pole spacing using 9,150 lumens light output. Already under construction, the Supervia highway is due to be completed by the end of 2012. For more information about the EG500 solar LED outdoor lighting system, visit www.carmanah.com/outdoor-lighting. About Carmanah Technologies Corporation (TSX: CMH)Carmanah Technologies Corp. As 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 pursues its business strategy within six distinctive product offerings: outdoor lighting, marine signal, aviation signals, traffic signals, grid-tie and mobile. Carmanah is actively seeking additional product sales opportunities to add to its top line revenue, as well as extending existing product lines through internal development efforts, strategic business relationships as well as focused acquisitions.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.Carmanah Technologies Corporation“Roland Sartorius”Roland Sartorius, Chief Financial OfficerThis news release contains “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements are generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “budgets,” “could,” “estimates,” “expects,” “forecasts,” “projects” and similar expressions, and the negative of such expressions. Forward-looking statements in this news release include statements about the reliability and attributes of Carmanah's solar LED lights and solar power systems; and Carmanah's strategy, future operations, prospects and the plans of management; additional product sales opportunities; increased top line revenue; and extending existing product lines through internal development efforts, strategic business relationships as well as focused acquisitions.With respect to the forward-looking statements contained in this news release, Carmanah has made numerous assumptions regarding, among other things, that the Company's proprietaryEG500 solution both exceeded the lighting specifications required for the project and presented a compelling off-grid, sustainable lighting solution; and additional product sales result in increased top line revenues. While Carmanah considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies.Additionally, there are known and unknown risk factors which could cause Carmanah's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained herein. Known risk factors include, among others: the products contemplated in this sale may not be completed or function as currently anticipated, or the installations may not be completed in the timeframe contemplated and general risks related to the competitive environment, competition with other energy sources, technological changes, anticipated adoption rates for Off-Grid LED lighting; ability to manage expansion effectively, foreign exchange, reliance on third party manufacturers, reliance on outside agents and distributors, reliance on key employees, intellectual property risks, environmental and regulatory compliance, government contracts and subsidies, product quality and reliability and warranty liability risk, downturn in economic and market conditions, liquidity and capital requirements, litigation risk, potential reorganization of operations or product offerings, and geopolitical and other global or local events; there can be no assurances that the Company can increase or maintain current top line revenue; there can be no assurances that the Company will achieve additional product sales; and there can be no assurances the Company can extend existing product lines through internal development efforts, strategic business relationships and focused acquisitions.A more complete discussion of the risks and uncertainties facing Carmanah appears in Carmanah's most recently filed Annual Information Form, Annual MD&A, and other continuous disclosure filings which are available on SEDAR at www.sedar.com and on the Company's website at Carmanah disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.To view this press release as a webpage, please click on the following link:http://www.fscwire.com/pr/carmanahnov062012.htmCarmanah Technologies CorporationInvestors:Investor Relations:Roland Sartorius, 1-877-722-8877investors@carmanah.comorMedia:Public Relations:David Davies, +1-250-382-4332ddavies@carmanah.com