Performance Up 30%
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VICTORIA, BRITISH COLUMBIA, CANADA (May 3, 2012) Carmanah Technologies Corporation (TSX: CMH) (“Carmanah”) is pleased to announce the successful results of the Annual Booking Program for the company’s proprietary Go Power! brand. The 2012 campaign achieved over $700,000 (CAD) in sales, indicating increased confidence in the RV aftermarket industry compared to recent years.
The popular Go Power! Booking Program, which began more than 10 years ago, has established itself as the premiere platform for the recreational vehicle buying season. The incentive program encourages RV dealers to order inventory early, ensuring Go Power! products are on-hand and available to their customers for spring/summer. Additionally, participating Go Power! dealers receive shipping incentives, marketing collateral and technical support. Top products sold in 2012 include Solar Charging Kits and the new SUNfilm Solar Series, which were launched in November.
The 2012 Go Power! Booking Program saw significant growth in solar units sold, resulting in a 30% increase in revenue compared to the 2011 program. The success of the 2012 program can be attributed to an expansion in the company’s Canadian dealer network coupled with an increased demand for renewable power products over previous years.
"As an industry leader for the past fifteen years, Go Power! continues to deliver reliable products for recreational and industrial applications,” quoted Bruce Cousins, Carmanah CEO. “Our dealers recognize the value of our products and services and continue to be part of the program.”
Carmanah will launch the new 145 watt Solar Charging Kit at the upcoming BC Interior RV Show, May 4-6th, 2012. For more information, please contact Mike Stephens at firstname.lastname@example.org, or visit Carmanah’s Go Power! team at the BC Interior RV Show, in Booth #16.
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.
The Company’s Mobile division is a leader in the mobile, solar power industry and has more than 15 years of experience in the RV and fleet truck market. The Company’s Go Power! brand is one of North America’s most popular and recognized in solar power for both recreational and industrial use. Products include solar charging kits, pure and modified sine wave inverters and solar power accessories. 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.
For further information:
Investor Relations: Roland Sartorius, CFO
Public Relations: David Davies
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