VICTORIA, BC, CANADA (January 28, 2010) - Canadian solar LED technology innovator Carmanah Technologies Corporation (TSX: CMH) has entered into a distribution agreement with the Jardine Engineering Corporation (JEC), a member of Hong Kong-based Jardine Matheson Group. Under the terms of the agreement, JEC will distribute Carmanah's solar LED lighting products throughout Hong Kong, Macau, the Philippines and Thailand.
JEC is a leading provider of world-class building products and services catering to large scale projects in Asia. JEC has a strong track record in introducing innovative products and services to the markets.
The agreement will see JEC adding Carmanah's full line of solar LED aviation/obstruction, marine, roadway and EverGEN™ outdoor lighting solutions to the range of world-class, innovative and industry-leading architectural and industrial products available to JEC customers in Hong Kong and Macau. Carmanah will also work with JEC affiliates in the Philippines and Thailand to distribute Carmanah's solar LED roadway beacons and EverGEN outdoor lighting solutions in those countries.
"With today's emphasis on green and sustainable solutions, solar LED lighting for industrial and architectural applications is a welcome addition to the range of solutions offered by JEC," said Mr. Penn Yeung, Chief Development Officer of JEC. "The quality and innovation built into Carmanah's solar LED products made Carmanah a natural choice to add to our portfolio."
"JEC is uniquely positioned to bring Carmanah's solar LED lighting products to the industrial and architectural lighting markets in Hong Kong, Macau, the Philippines and Thailand," said Ted Lattimore, Chief Executive Officer of Carmanah. "We are pleased and proud that JEC has selected our Canadian company as their supplier of choice for solar LED technology. JEC's choice of Carmanah is truly a reflection of the excellent reputation that Carmanah's solar LED products have earned worldwide."
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 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 carmanah.com.
Jardine Engineering Corporation (JEC) is a leading provider of products and services that enhance Asia's built environment. The group provides sourcing, engineering contracting, and technical services for buildings, the energy and transport sectors, and environmental infrastructure.
JEC specialises in the provision of electrical, mechanical, and building technologies. The group provides contracting expertise to deliver large-scale installations and ongoing operation and maintenance services, which help our customers to operate their facilities to a world-class standard.
Established in Shanghai in 1923, JEC is now headquartered in Hong Kong and operates throughout Asia. JEC is a member of the Jardine Matheson Group.
Carmanah Technologies Corporation
Chief Financial Officer
For further information, please contact:
Investor Relations - Roland Sartorius, CFO
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, 2008, 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.