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Press release from Business Wire

Carmanah Technologies Named Leading Publicly-Traded Cleantech Company by Corporate Knights

Wednesday, December 05, 2012

Carmanah Technologies Named Leading Publicly-Traded Cleantech Company by Corporate Knights09:00 EST Wednesday, December 05, 2012 VICTORIA, British Columbia (Business Wire) -- The Corporate Knights (CK), a Toronto-based media, research and financial products company and publisher of Corporate Knights magazine, have named Carmanah Technologies Corp. (TSX: CMH) one of ten “Leading publicly-traded cleantech companies of 2012” within The Cleantech Index 2012. The report, released on November 27th, 2012, recognizes Carmanah as one of the ten most promising cleantech companies publicly traded on a Canadian exchange. As a manufacturer of solar power systems and industrial solar LED lighting solutions for aviation, marine, traffic and outdoor lighting applications around the globe, Carmanah is a leading supplier of solar-powered solutions to industrial, military, commercial and municipal organizations worldwide. “We're really excited about the changes underway at Carmanah and the prospects that this company holds,” said Bruce Cousins, Carmanah CEO. “We're honoured to be recognized by the Corporate Knights as one of the top ten most promising publicy-traded companies in the cleantech community.” Carmanah is joined in the listing by other Canadian and US-based cleantech companies, including Brookfield Renewable Energy (TSX: BEP.UN) of Ontario and BlueScout Technologies (TSX-V: SCT) of Virginia. 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 pursues its business strategy within six distinctive product offerings: outdoor lighting, marine signal, aviation signals, traffic signals, Solar EPC Services and GoPower!. 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.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. To view this press as a webpage, please click on the following link: http://www.fscwire.com/pr/carmanahdec052012.htm Carmanah Technologies CorporationInvestors:Investor Relations: Roland Sartorius, CFOToll-Free: 1.877.722.8877investors@carmanah.comorMedia:Public Relations: David DaviesTel: +1.250.382.4332ddavies@carmanah.com