VICTORIA, BRITISH COLUMBIA, CANADA (June 26, 2013) Carmanah Technologies (TSX: CMH) announces today the launch of the new M550 one to three nautical mile marine lantern and private aid-to-navigation (PATON). At fifteen times brighter and half the weight and size of its popular M502 predecessor, the M550 is the most efficient, small format, solar-powered marine lantern on the market.
In response to customer demand, the Carmanah M550 includes several key updates and technology innovations that improve user experience and dramatically simplify inventory management for stocking distributors. The lantern features immediate out-of-box activation and is powered off of new high-temperature AA Nickel Metal Hydride batteries that have been selected for their ability to survive up to two years in storage while still performing reliably in harsh maritime conditions. Also included is a new generation of energy management system which trends battery charging over multiple days and regulates lantern intensity for longer battery life and optimal performance throughout the calendar year. The lantern offers 40 user-adjustable flash patterns and includes the ability to direct enter an effective intensity of up to 26 candela using a compact infrared programmer. The unit is available in two easy-mount designs for quick installation in a wide variety of locations including posts and poles.
The M550 complements Carmanah’s updated M650H marine lantern which achieves intensities of up to 60cd and a range of up to 4 NM while offering wider geographic coverage and supporting heavier duty cycles required by many industrial applications.
“The M550 lantern is an exciting innovation for Carmanah. With the updated charging technology and battery chemistries, this is the first product in the Carmanah signal line that can be held in inventory for an extensive period. Combined with updated optical and solar designs, the M550 cements Carmanah’s position as a leader in solar LED lantern technology innovation, ” said Carmanah CEO, Bruce Cousins.
The M550 is the successor to the Carmanah M502 lantern which has been deployed at private docks, industrial sites, marinas and ports around the globe for over a decade. The M550 comes with a three-year product warranty. The lantern is available for pre-order today through Carmanah’s network of global distributors. For more information, visit carmanahmarine.com.
About Carmanah Technologies Corporation
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 signals, aviation signals, traffic signals, grid-tie and mobile. 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, Chief Financial Officer
For further information:
Investor Relations: Roland Sartorius, CFO
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.
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