Category: Investor News

Vancouver Installs Carmanah’s Solar-Powered Illuminated Bus Stops

Vancouver, British Columbia, Canada - Tuesday, May 4, 2004 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that Vancouver, British Columbia, has become the first major Canadian city to install Carmanah's i-STOP(tm) solar-powered, illuminated bus stops.

Solar-Powered LED Navigation and Marking Lights from Carmanah Technologies, Inc.

Marina operators, yacht clubs, Port Authorities and Coast Guards around the world are beginning to see the light - Carmanah light, that is! Since the mid-1990's, Carmanah Technologies Inc., based in Victoria, British Columbia, Canada, has been manufacturing completely self-contained, solar-powered, LED (light emitting diode) marine navigation and marking lights.

Carmanah Announces Record Financial Results for Q1 2004.

Vancouver, BC, Canada - (October 21, 2004) - Carmanah Technologies Corporation (TSX VE: CMH; Berlin and Frankfurt Stock Exchanges: QCX), is pleased to announce its first quarter results for the three months ended March 31, 2004 and 2003. Highlights for the quarter: Record revenues of $4,113,701, representing a 115% increase over Q1 2003 and a 24% increase over the prior Company record achieved in Q4 2003; Earnings before income tax, depreciation and amortization (EBITDA) was $458,156; Net earnings of $369,492 for the quarter, as compared to $12,915 for Q1 2003; Gross profit margin increasing to 52% from an average of 51% for fiscal 2003. "This has been a very strong quarter for Carmanah, consistent with our financial objectives for 2004." stated Art Aylesworth, Carmanah's CEO.

Carmanah Wins National Environmental Award for Export Performance

Mr. Art Aylesworth, CEO, presenting Carmanah's solar-powered LED products at the GLOBE 2004 Conference. From left to right: Mr. Art Aylesworth; Mr. David Reddaway, British High Commissioner for Canada; Honourable David Anderson, Minister of the Environment, Canada; Honourable Paul Martin, Prime Minister of Canada. Vancouver, British Columbia, Canada - Monday, April 5, 2004 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that it received the Industry Award for Export Performance at the 2004 GLOBE Awards held in Vancouver, British Columbia on April 2, 2004. As Canada's highest profile national environmental awards, the GLOBE Awards are presented by The GLOBE Foundation of Canada and honours Canada's most influential and respected environmental corporations. "The Globe Awards could be considered the 'Oscars' for Canadian environmental innovation", states Carmanah's CEO, Mr.

USCG Regulation Endorses LEDs

Vancouver, British Columbia - A new U.S. Coast Guard regulation has taken effect officially endorsing the use of LED (light emitting diode) lighting technology for private aids-to-navigation (PATONs), Carmanah Technologies Inc., a Canadian LED manufacturer said recently in a press release. The new regulation means, for the first time, individuals, corporations, and all levels of government will be allowed to use approved LED-based marine lighting for their marine navigation aids.

Carmanah Announces Financial Results for 2003

Vancouver, BC, Canada - (October 21, 2004) - Carmanah Technologies Corporation (TSX VE: CMH; Berlin and Frankfurt Stock Exchanges: QCX), is pleased to announce its audited results for the years ended December 31, 2003 and 2002. Highlights for 2003: Annual revenue up 42% over 2002 to $9,220,018 Net earnings of $22,843 and operating income of $111,798 (EBITDA of $260,936) Q4 revenue of $3.3 million, up 74% over Q4 2002 Q4 revenue up $1 million (43%) over Q3 2003 Record outstanding orders of $1.1 million at year end Revenue growth (42%) outpaced expenditure growth (26%) Aggressive investment continued in both R&D and business development for new markets "2003 was a year where Carmanah received strong validation for its products in new markets in addition to its core marine market," states Art Aylesworth, Carmanah's CEO.

U.S. Market for LED-Based Marine Navigation Lights More Than Doubles on March 8th, 2004

Vancouver, British Columbia, Canada - Sunday, March 7, 2004 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that effective tomorrow a new U.S. Coast Guard regulation takes affect officially endorsing the use of LED (light emitting diode) lighting technology for private aids-to-navigation (PATONs).

New Wave Energy Converter Technology Mounted with Carmanah Marine Lights

Ocean Power Delivery Ltd. (Edinburgh, Scotland) has recently completed a revolutionary novel offshore wave energy converter called Pelamis. Building on technology developed for the offshore industry, the Pelamis provides similar output to a modern wind turbine. The first full-scale pre-production prototype is currently being built and will be tested at the European Marine Energy Centre in Orkney later this year. The photos below shows a prototype of the Pelamis wave generator going out on trials.

Canadian Coast Guard Renews Standing Offer Supply Agreement With Carmanah

Vancouver, BC, Canada - (February 20, 2003) - Carmanah Technologies Corporation (TSX VE: CMH; Berlin and Frankfurt Stock Enchanges: QCX), is pleased to announce that its highly successful Standing Offer Agreement (SOA) with the Canadian Coast Guard has been renewed. Through Carmanah's east coast distributor Go Deep International, the SOA sets the terms for future sales of Carmanah's solar-powered LED (light emitting diode) aids-to-navigation lights to the Coast Guard.

Airport Eyes Safety with Solar-Powered Taxiway Lights”, Airport Magazine

Airport MagazineMarch/April 2004 "AT airportech" Airport Eyes Safety With Solar-Powered Taxiway Lights California's Truckee Tahoe Airport, seeking to beef up airfield safety, is installing 560 solar-powered light-emitting diode (LED) lights installed to illuminate taxiway edges.