Victoria, British Columbia, CANADA (March 21, 2013) Carmanah Technologies (TSX:CMH) announced the successful results of the annual Canadian Booking Program from the company’s proprietary Go Power! brand. The popular sales campaign, now in its eleventh year, reported sales of more than $875,000 CAD of the Go Power! product line for the RV market. This represents a 23% performance increase from the 2012 program.
Carmanah’s Go Power! group produces and distributes solar charging kits and power inverters for the Canadian RV market and continues to show strong year-on-year growth in 2013. In 2012, the company turned in a record setting $711,000 CAD of orders by their Canadian dealer network through the Booking Program. The recreational vehicle network grew again in 2013 and pre-orders increased by 23%. Much of the program’s success is attributed to the release of new solar products, including the largest single 12 volt solar kit currently available on the market, and two folding Portable Solar Kits, recently featured on Vancouver’s Breakfast TV.
“Our team provides dealers and consumers with relevant solar and inverter systems at competitive prices. The demand for our products continues to grow, and this translates into excellent sales and service opportunities for our dealers.” explains Bruce Cousins, Carmanah CEO.
The new solar product line will be available for both the Canadian and American RV market in time for the spring/summer buying season. For more information, please contact Mike Stephens, Managing Director of Carmanah’s Go Power! group, at firstname.lastname@example.org, or visit Carmanah’s Go Power! team at the Recreation Vehicle Dealers Association Learning Weekend on May 24th.
About Carmanah Technologies Corporation (TSX: CMH)
Carmanah Technologies is a world leading manufacturer of solar-based technologies designed for industrial and commercial applications worldwide. Market-driven to deliver reliable and dependable solar LED light and power system solutions, Carmanah’s trusted expertise in energy management, LED optics and controls is leveraged across the Company’s six business groups. The Company’s proprietary brand, Go Power! is a leader in the mobile, solar power industry with more than 15 years of experience in the RV and fleet truck market. Go Power! by Carmanah is one of North America’s most popular and recognized brands in solar power for both recreational and industrial use. Products include solar charging kits, pure and modified sine wave inverters and solar power accessories. 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.
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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 are generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “budgets,” “could,” “estimates,” “expects,” “forecasts,” “projects” and similar expressions, and the negative of such expressions. Forward-looking statements in this news release include statements about the series of sales to the Canadian RV Dealers; completion of the Go Power! Booking Program orders; and Carmanah’s strategy, future operations, prospects and the plans of management.
With respect to the forward-looking statements contained in this news release, Carmanah has made numerous assumptions regarding, among other things, the series of sales to the Canadian RV Dealers and completion of the Go Power! Booking Program orders. 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: the transactions contemplated in the Booking Program order may not be completed as currently anticipated, or at all; the series of sales to the Canadian RV Dealers; completion of the Go Power! Booking Program orders; and general risks related to the competitive environment, competition with other energy sources, technological changes; ability to manage expansion effectively, foreign exchange, reliance on third party manufacturers, reliance on outside agents and distributors, reliance on key employees, intellectual property risks, environmental and regulatory compliance, government contracts and subsidies, product quality and reliability and warranty liability risk, downturn in economic and market conditions, liquidity and capital requirements, litigation risk, potential reorganization of operations or product offerings, and geopolitical and other global or local events. A more complete discussion of the risks and uncertainties facing Carmanah appears 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 and on the Company’s website at 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.