Press release from Business Wire
Carmanah Technologies Launches Solar Engine Line for Lighting Fixture Manufacturers at Lightfair
Wednesday, April 24, 2013
Carmanah Technologies Launches Solar Engine Line for Lighting Fixture Manufacturers at Lightfair17:16 EDT Wednesday, April 24, 2013
VICTORIA, British Columbia (Business Wire) -- Carmanah Technologies (TSX: CMH) announces the launch of its “powered by Carmanah” standalone solar engine product line, which is now available to OEM outdoor lighting fixture manufacturers. The solar engine product line allows for the supply of Carmanah's commercial-grade solar outdoor light engines for integration with virtually any luminaire manufacturer's product.
Building from the company's success as a standalone solar-powered outdoor lighting system manufacturer, Carmanah has introduced the new standalone solar engine product line as a strategic answer to an outdoor lighting market that requires off-grid solutions with a variety of luminaire options. Carmanah proprietary technology allows for the easy plug-and-play pairing of virtually any fixture under 150W with a complete line of solar engines that range from an architectural/esthetic design with motion sensing capabilities to value-engineered industrial models capable of producing up to 12,500 lumens in sun-belt regions of the world.
Carmanah's unique approach to the off-grid lighting market, which includes simulation tools that specify performance prior to deployment, has allowed the company to offer a variety of solar engine solutions with multiple luminaire options without compromising on lumen performance and avoiding unnecessary costs with oversized solar systems. Providing a portfolio of “Powered by Carmanah” solar engines that range from 40 to 520W panels in a variety of form factors, Carmanah is the preferred supplier of lighting companies who are starting to develop a solar lighting strategy.
“We've been working towards an OEM strategy for our solar LED lighting systems after receiving multiple requests from OEMs for a solar solution that worked with their luminaires,” states Bruce Cousins, Carmanah CEO. “Lighting manufacturers are seeking a reliable partner to supply high performance solar engines, so they can participate in the growing market for off grid lighting. Carmanah's technology is ready and our products are setup for this type of partnership and we're excited to have Acuity Brands, Lighting Science and others on board.”
To view the new line of solar engines available for lighting manufacturer fixtures, visit Acuity Booth #801 and Lighting Science Booth #1715 at Lightfair International 2013, April 23 – 25. For more information, visit www.carmanah.com/outdoor-lighting/OEM or contact us at firstname.lastname@example.org.
About Carmanah Technologies Corporation
Carmanah Technologies is a world leading manufacturer of solar-based technologies designed for industrial and commercial applications worldwide. Market-driven to deliver reliable and dependable solar LED light and power system solutions, Carmanah's trusted expertise in energy management, LED optics and controls is leveraged across the Company's six business groups. The Outdoor Lighting group provides solar LED outdoor lighting systems unrivalled in reliability and performance, serving the needs of government agencies, commercial organizations, military and industrial markets around the globe, For more information about Carmanah Outdoor Lighting, visit www.carmanah.com/outdoor-lighting . 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 .
Carmanah Technologies Corporation
Roland Sartorius, Chief Financial Officer
For further information:
Investor Relations: Roland Sartorius
Public Relations: Natasha Bartlett
This 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 proprietary solution 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.
Roland Sartorius, 1-877-722-8877
Natasha Bartlett, 1-250-412-8315