VICTORIA, BRITISH COLUMBIA, CANADA (September 22, 2010) - Carmanah Technologies Corporation (TSX:CMH), a leader in solar LED lighting and power systems for a range of industrial applications, announced on September 21, 2010, that it had signed a definitive agreement to acquire all of the outstanding shares of Lightech Electronics Industries Ltd., an Israeli corporation.
Carmanah will host a conference call and webinar on September 23, 2010 at 9:00 am PT (12:00 pm ET). All interested parties should join the call at 1.866.200.6965 or +1.646.216.7221 (international) approximately five to ten minutes before start time. When prompted for the participant PIN code, enter 239175#. To view the presentation by management via webinar, visit https://www.anywhereconference.com/?Conference=117257050&PIN=239175, enter your name and select "Go". Management will respond to questions from analysts on this call.
A recording of the conference will also be available on Carmanah's corporate website within three business days. For more information, visit www.carmanah.com, or telephone 1.877.722.8877 (toll free in U.S. and Canada).
About Lightech Electronics Industries Ltd.
Lightech invents, designs, and produces a comprehensive range of power supplies for light fixtures. It leads in LED efficiency and dimming, empowering its customers in North America, Europe and the Far East to produce slim, attractive, energy efficient and reliable fixtures. Since 1997, proven and professional management has yielded outstanding technological leadership, a high level of expertise and a strong foundation of intellectual property. For more information, visit lightechinc.com.
About Carmanah Technologies Corporation
Since 1996, Carmanah has been engineering some of the most advanced solar LED lighting on the market. With over 300,000 installations worldwide, Carmanah technology has been put to the test in virtually every environment on Earth. Featuring a patented energy management system that provides enhanced autonomy and system performance, reliable off-grid lighting is something Carmanah is known for. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH". Carmanah is backed by a worldwide network of lighting professionals. For more information visit carmanah.com.As one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial 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 www.carmanah.com.
Carmanah Technologies Corporation
Chief Financial Officer
For further information, please contact:
Investor Relations: Roland Sartorius
Public Relations: David Davies
Forward Looking Statements
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 which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in Carmanah's Annual Report for the fiscal year ended December 31, 2009, as filed on SEDAR at www.sedar.com. The risk factors identified in Carmanah's Annual Report 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.