Category: Investor News

Carmanah Technologies Corporation Completes Acquisition of Soltek Powersource Ltd.

Victoria, British Columbia, Canada - July 4, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that the Company has successfully acquired all of the issued and outstanding shares of Soltek Powersource Ltd. ("SPS"), a leading manufacturer/supplier of solar power systems for industrial, government, residential and retail applications. This acquisition joins two successful and complementary companies - Carmanah with its self-contained solar packages and proprietary LED technology, and SPS with its large-scale solar power systems - to form a new and significant leader in solar power markets both domestically and internationally.

Orange County Awards Carmanah Contract to Supply up to $215,000 in i-STOP® Solar-Powered LED Bus Stops

Victoria, British Columbia, Canada - June 28, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that the Company has been awarded a contract worth up to $215,372 from the Orange County Transportation Authority (OCTA) to manufacture and install 300 of its i-STOP® solar-powered LED bus stops.

Carmanah Awarded $885,000 Contract for i-STOP™ Solar-Powered LED Bus Stop Lighting Systems from Pace of the City of Chicago, Illinois

Victoria, British Columbia, Canada - June 21, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that the Company has been contracted by PACE Suburban Bus of Chicago, Illinois, to supply its proprietary i-STOP(TM) solar-powered LED bus stop lighting systems. Awarded through a public bid process, this contract is valued at up to $885,000.

Carmanah Provides i-SHELTER™ Solar-Powered LED Lighting for Bus Shelters in Seattle, Washington

Victoria, British Columbia, Canada - June 13, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that the Company has been awarded a contract by King County Metro Transit of Seattle, Washington to provide its i-SHELTER™ solar-powered LED bus shelter lighting systems.

Carmanah Illuminates 225 Vancouver Bus Shelterswith Solar-Powered LED Lighting

Victoria, British Columbia, Canada - June 6, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that it has entered a contract with Viacom Outdoor JCDecaux Street Furniture Canada Limited Partnership to supply 225 units of its i-SHELTER™ solar/LED lighting systems for the City of Vancouver, British Columbia, Canada. Viacom Outdoor JCDecaux Street Furniture Canada Limited Partnership is a joint venture between Viacom Outdoor Canada and JCDecaux, two of the world's largest outdoor advertising companies.

Carmanah Technologies Corporation to Acquire Soltek Powersource Ltd.

Becoming Canada's Largest Solar Product Company

Carmanah Graduates to Tier 1 Status on the TSX Venture Exchange

Victoria, British Columbia, Canada - May 10, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that the Company has achieved Tier 1 status on the TSX Venture Exchange. This reclassification recognizes the management experience and current financial strength of the Company. "We are pleased that Carmanah's strong financial performance and structured growth have been recognized by the TSX Venture Exchange," states Art Aylesworth, Carmanah's CEO.

Carmanah Announces Financial Results for Q1 2005

Victoria, British Columbia, Canada - April 21, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce its first quarter results for the three months ended March 31, 2005 and 2004. Highlights for the quarter: Record Q1 2005 revenues of $4,849,542. Record Q1 2005 orders booked of $6,089,305. Record order backlog at the end of Q1 in the amount of $2,839,576. Year-to-date gross profit margin at 52%, consistent with the average gross profit margin for 2004. Q1 2005 net income of $263,422. Q1 2005 EBITDA of $325,190. "With a record $4.8 million in product delivered and over $6 million in orders booked during our first quarter, Carmanah is on track towards realizing its sales goals for 2005," states Art Aylesworth, Carmanah's CEO.

Carmanah Receives $662k Contract for Solar-Powered LED Shelter Lighting Systems

Victoria, British Columbia, Canada - April 13, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that the Company received an order in the amount of of $662,400 for its solar-powered LED (light-emitting diode) i-SHELTER ™ lighting systems to be installed in a North American city. "This is another in a series of significant rollouts for Carmanah in the international transit industry," states the Company's CEO, Art Aylesworth.

Carmanah Receives $200k Contract for Solar Bus Shelters in Edinburgh, Scotland

Victoria, British Columbia, Canada - April 8, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that the Company's recently opened European office in London, England has received a purchase order in the amount of $200,597 to provide the City of Edinburgh Council with its proprietary i-SHELTER (TM) solar LED (light-emitting diode) bus shelter lighting systems. Carmanah's i-SHELTER (TM) lighting systems will be introduced across the Edinburgh public transport network by Commutaports Ltd., one of the UK-s largest suppliers of passenger shelters and modular covered walkways.