VICTORIA, BRITISH COLUMBIA, CANADA (June 27, 2013) The Board of Directors of Carmanah Technologies Corporation (TSX: CMH) announces the appointment of John Simmons as President and CEO.
Mr. Simmons brings considerable public company leadership experience to his new role. In his early career Mr. Simmons founded 3 companies each of which grew from start-up to become TSX listed. Following the sale of the controlling interest in the last of these companies Mr. Simmons founded a venture capital investment company which, over a 10 year period, invested in start-up and early stage companies including Aspreva Pharmaceuticals, Protox Therapeutics (now Sophiris Bio Inc.) and Contigo Systems. Most recently Mr. Simmons has focused on turnaround situations including CEO of TSX listed Bridges Transitions Inc. from 2000 until its sale in 2006 and more recently as CEO of Integrated Paving Concepts Inc. a former TSX listed company that was privatized and successfully divested by way of 3 transactions between 2011 and 2013.
Mr. Simmons’ appointment is effective August 1, 2013.
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 transportation 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. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH”. For more information, visit carmanah.com.
For further information:
Investor Relations: Roland Sartorius (CFO)
Public Relations: Natasha Bartlett
This news release contains “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements in this news release include statements about the delivery of strong and effective products for transportation applications worldwide, and the performance of such products.
With respect to the forward-looking statements contained in this news release, Carmanah has made numerous assumptions, including assumptions regarding Carmanah’s ability to continue delivery of its products. While Carmanah considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Carmanah’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained herein. Known risk factors include, among others: Carmanah’s ability to continue delivery of its products, and the standard of quality of such products, may be negatively affected by numerous risk factors and uncertainties, as disclosed in Carmanah’s most recently filed Annual Information Form, Annual MD&A, and other continuous disclosure filings which are available on SEDAR at www.sedar.com. Carmanah disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.