Carmanah Honored as One of VIATeC Top 25

VICTORIA, BRITISH COLUMBIA, CANADA  (December 8, 2010) - Carmanah Technologies, the world leader in solar powered LED lighting systems and Canada's largest provider of solar grid tie and mobile power systems, has recently been recognized as one of the top 25 high technology companies in 2010 by the Vancouver Island Advanced Technology Center. The top 25 list is based on revenue performance. The top 25 companies selected drive almost $800M in revenues, which is up significantly from previous years, and employ over 3000 people. The results of these companies show that the technology sector on Vancouver Island is a significant force in the local economy.

 

Roland Sartorius, CFO of Carmanah Technologies stated, "Being recognized as one of the top companies in Victoria and area is an honor. Carmanah has made the top 25 list in the past and we are happy to continue to be one of the larger technology firms headquartered in Victoria. Carmanah is proud of the technology community locally and to be a part of it."

 

The VIATeC 25 is an annual listing of the largest technology companies headquartered or founded in Greater Victoria, the VIATeC 25 is based on revenue, and is sponsored by KPMG and Farris Vaughan Wills & Murphy LLP.

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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.

Carmanah Technologies Corporation

"Roland Sartorius"

Roland Sartorius, Chief Financial Officer

For further information: 

Investors:
Investor Relations: Roland Sartorius, CFO
Toll-Free:  1.877.722.8877
investors@carmanah.com 

Media:
Public Relations: David Davies
Tel:  +1.250.382.4332
ddavies@carmanah.com

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.