Carmanah Reports Third Quarter 2018 Results

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its third quarter financial results for the period ended September 30, 2018.  Currency amounts are in U.S. dollars unless otherwise noted and are for Carmanah’s continuing operations which exclude the operating results from the Company’s Power Division segment which was divested by way of two separate transactions in 2017. In the third quarter of 2018, Carmanah generated overall revenues of USD $12.9 million, down USD $1.6 million or 11.3% over the third quarter of 2017 revenues of USD $14.5 million.  Of overall revenues, the Company’s Signals segment declined USD $2.1 million or 15.1% in the quarter while the Company’s Illumination segment increased by USD $0.5 million or 68.3% on a comparative basis. The third quarter 2018 Signals segment revenue varied as follows: ·         The Company’s Germany based Sabik Offshore division incurred a decrease in revenues primarily due to offshore wind project delays in Europe.
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Carmanah Announces Release Date for Third Quarter 2018 Financial Results and Conference Call

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its third quarter 2018 financial results on Wednesday November 14th, 2018 after market close. Carmanah has scheduled a conference call for analysts at 6:00 am PST (9:00 am ET) on Thursday November 15th, 2018.
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Carmanah Acquires Information Display Company

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today announces that it has completed an acquisition of Information Display Company (“IDC”). Headquartered in Portland, Oregon, IDC was established in 1993 and is one of the industry’s most respected names in radar speed signs.
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Carmanah Reports Second Quarter 2018 Results

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its second quarter financial results for the period ended June 30, 2018.  Currency amounts are in U.S. dollars unless otherwise noted and are for Carmanah’s continuing operations which exclude the operating results from the Company’s Power Division segment which was divested by way of two separate transactions in 2017. In the second quarter of 2018, Carmanah generated revenues of USD $13.8 million, up USD $1.6 million or 13.1% over the second quarter of 2017 revenues of USD $12.2 million.  The increase in revenues was attributed to stronger performance by the Company’s Signals segment, which generated revenues of USD $12.9 million, up USD $1.7 million or 14.6% over the second quarter of 2017 revenues of USD $11.2 million.  The Illumination segment generated revenues of USD $1.0 million, which were unchanged from the second quarter of 2017. Gross margin percentage in the second quarter of 2018 was 42.9%, up 0.2% compared to the same period in 2017.
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Carmanah Announces Release Date for Second Quarter 2018 Financial Results and Conference Call

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its second quarter 2018 financial results on Wednesday August 8th, 2018 after market close. Carmanah has scheduled a conference call for analysts at 6:00 am PST (9:00 am ET) on Thursday August 9th, 2018.
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Carmanah Announces Results of Annual General Meeting

Carmanah Technologies Corporation (TSX: CMH) (“Carmanah” or the “Corporation”) today announced the voting results from its annual general meeting held on June 22, 2018.  The shareholders voted on and approved to set the number of directors of the Corporation at four, the election of the directors of the Corporation, and the reappointment of KPMG LLP, Chartered Professional Accountants as auditors of the Corporation. The voting results were as follows: About Carmanah Technologies Corporation Carmanah designs, develops and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure.
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Carmanah Announces Normal Course Issuer Bid

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today announced that the Toronto Stock Exchange (the “TSX”) has accepted the Company’s notice of its intention to make a normal course issuer bid (the “Bid”) to purchase up to 1,264,446 of its common shares, representing approximately 10% of its public float as of June 8, 2018.
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Carmanah Reports First Quarter 2018 Results

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its first quarter financial results for the period ended March 31, 2018.  Currency amounts are in U.S. dollars unless otherwise noted and are for Carmanah’s continuing operations which exclude the operating results from the Company’s Power Division segment which was divested by way of two separate transactions in 2017. In the first quarter of 2018, Carmanah generated revenues of USD $14.9 million, up USD $3.8 million or 34.3% over the first quarter of 2017 revenues of USD $11.1 million.  The increase in revenues was attributed to stronger performance by the Company’s Signals segment, which generated revenues of USD $13.5 million, up USD $4.0 million or 41.2% over the first quarter of 2017 revenues of USD $9.6 million.  The Illumination segment generated revenues of USD $1.4 million, down USD $0.1 million or 8.9% over the first quarter of 2017 revenues of USD $1.5 million, as the transition to our next generation EverGen product continued.   Gross margin percentage in the first quarter of 2018 was 42.4%, down 2.5% compared to the same period in 2017.
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Carmanah Announces Release Date for First Quarter 2018 Financial Results and Conference Call

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its first quarter 2018 financial results on Thursday May 10th, 2018 after market close. Carmanah has scheduled a conference call for analysts at 6:00 am PST (9:00 am ET) on Friday May 11th, 2018.
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Carmanah Telematics business unit receives material order

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported that its Telematics business unit has received a product purchase order valued at USD$2.2 million.  This order, together with a previous order in the amount of USD$1.2 million, are being disclosed because they are expected to have a material impact on the Company’s Telematics business unit.  Carmanah’s Telematics business unit was formed in 2016 and since that date had only generated non-recurring engineering project revenues.  The orders disclosed today are for manufactured products which the Company expects to complete by way of multiple deliveries during the second and third quarters of 2018. About Carmanah Technologies Corporation Carmanah designs, develops and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure.
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