Carmanah Technologies Corporation (TSX: CMH), has been awarded a multi-year contract to supply marine aids-to-navigation to the US Coast Guard. The Carmanah M800 Series marine lantern was the product of choice in the Small and Large Self Contained LED Lantern categories per USCG Solicitation # HSCG84-14-R-BHQ044. While there is no guaranteed financial value of purchases in the contract, the solicitation provides a targeted guidance for purchase quantities of $3.4M USD over the life of the contract, which may be up to 5 years if all option years are exercised.
“This is an important award for Carmanah as it affirms that our new line of solar self-contained marine lanterns meets the stringent standards set by the US Coast Guard,” said John Simmons, CEO. “In the last year-and-a-half these lanterns have been adopted in Canada, Latin America, Europe and into Southeast Asia. We expect this latest award to positively influence even more marine authorities around the world to consider the use of Carmanah lanterns in their aids-to-navigation systems.”
As pioneers in the marine lighting industry, Carmanah Technologies has been designing and manufacturing rugged, reliable and high-value solar aids-to-navigation for nearly two decades. Since 2002, Carmanah has been under contract to supply marine lights to the USCG. The new M800 Series marine lanterns were launched in the Spring of 2013 and combine the best of Carmanah's early product features with robust composite material construction, updated high-efficiency optical design and new user-friendly programming options.
“The success of the M800 Series is reflective of our strategy to become leaders in each of the markets we serve,” said Simmons. “Later this year, in conjunction with our partner Sabik Oy, we will add more industry-leading functionality by pairing the M800’s optional satellite connectivity with a new cloud-based monitoring software. The Lightguard Monitor suite will provide marine authorities the ability to reliably monitor the status and location of their navigation aids for greater safety and with lower maintenance costs.”
About Carmanah Technologies Corporation.
Since inception in 1996, Carmanah has become one of the most trusted names in solar technology. Through this period Carmanah has earned a reputation for delivering solar powered products and systems for industrial applications that are cost effective and perform reliably. To date, Carmanah solutions have been deployed in over 400,000 installations and 110 countries with proven performance in conditions ranging from desert heat to arctic cold.
Carmanah markets its products through three distinct divisions. Carmanah’s Signals Division produces products and systems for marine aids to navigation, airfield ground lighting, obstruction and traffic control. Carmanah’s Power Division designs and builds systems that provide solar power in both grid connected and off-grid applications. Carmanah’s Illumination Division produces solar powered lighting solutions for street, parking lot and pathway applications.
Carmanah is publicly traded with common shares listed on the Toronto Stock Exchange under the symbol "CMH”. For more information, visit www.carmanah.com.
Carmanah Technologies Corporation
Stuart Williams, Chief Financial Officer
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Investor Relations: Stuart Williams
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. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to the future value and length of the US Coast Guard contract and the influence this may have on other marine authorities. 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.