VICTORIA, BRITISH COLUMBIA, CANADA (May 28, 2013) Carmanah Technologies (TSX: CMH) announces today the launch of a new generation of high-performance solar LED marine lantern. The M800 Series combines a robust composite material construction and innovative optical design to deliver higher intensities and longer ranges at an optimal cost. New low earth orbit satellite monitoring capabilities also offer end users the ability to remotely monitor the health status and geoposition of an M800 lantern at virtually any installation location around the globe. Advanced orders for the new M800 series lanterns have already been received.
The M800 Series is available in two models: the M860 and M850. With peak intensity of up to 475 candela (as defined by the International Association of Marine Aids to Navigation and Lighthouse Authorities `IALA`) and a maximum range of 10 NM, the new model M860 lantern is the brightest, longest range self-contained solar LED lantern on the market in its class. The smaller format M850 offers customers a cost-optimized solution in moderate to high insolation regions with over 7.5 NM maximum range and 387 peak candela.
Building on the legacy of the popular Carmanah M700 Series, the M800 Series lanterns are designed for long life in harsh maritime environments and combine Carmanah's signature energy management technology and robust designs with multiple new user-friendly features. These include: a new energy-saving programmable calendar (for automatically de-activating and re-activating lanterns for seasonal requirements), an easy-read "tap-to-activate" top-mounted user interface, multiple cost-effective battery pack options and multiple lens options to suit fixed or floating applications. Innovations in material design also offer clients a lantern that is up to 40% lighter than the previous generation M700 Series products.
As an environmentally responsible alternative, the solar-LED M800 Series marine lanterns are assembled with safe, recyclable materials in strict accordance with the European Union's guidelines for the Restriction of Hazardous Substances in electronic equipment (RoHS).
The M800 Series lantern is available for 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 signal, 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
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.