Victoria, British Columbia, Canada - January 7, 2008 - Carmanah Technologies Corporation (TSX: CMH) has entered into a strategic alliance agreement with Enviromena Power Systems LLC, an Abu Dhabi-based alternative energy systems integrator. As a distributor of solar power products and consulting services, Enviromena will provide Carmanah's solar power solutions from its offices in Abu Dhabi and Dubai to its customers throughout the wider Middle East and North Africa (MENA) region. With representation around the world, Carmanah is a global designer and manufacturer of renewable and energy-efficient technologies including solar-powered LED lighting, solar power systems, and LED-illuminated edge-lit signage.
As an integrator of alternative energy systems, Enviromena uses renewable energy technology and environmentally friendly design strategies to help its customers control energy costs and reduce their dependency on the electric grid. Enviromena's services include solar system design, engineering consulting, supply, installation and long-term maintenance. Through its distribution agreement with Carmanah, Enviromena can complement its expertise in the alternative energy market with Carmanah's award-winning, state of the art solar power technology, including a line of industrial grid-tie and off-grid solar power products.
According to Roland Sartorius, Chief Financial Officer for Carmanah Technologies, this distribution agreement offers considerable advantages to both companies and their customers throughout the Middle East and North Africa. "We're very pleased to work with Enviromena in providing high-quality solar power technology throughout the region," said Sartorius. "As a local business specializing in renewable energy technology specific to this environment, Enviromena offers the same level of expertise, professionalism, and customer-focused services our customers have come to expect from Carmanah. We look forward to helping Enviromena provide it customers with access to a growing range of top-quality solar power solutions."
For more information on Carmanah's solar power technology, visit www.carmanah.com.
About Carmanah Technologies Corporation
With more than 250,000 installations worldwide, Carmanah is one of the world's premier suppliers of renewable and energy-efficient technologies, including solar-powered LED lighting, solar power systems & equipment and LED illuminated signage. From its global headquarters in Victoria, British Columbia, Canada, Carmanah oversees a network of branch offices and sales representatives across Canada, the United States and the United Kingdom.
Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH" and on the Berlin and Frankfurt Stock Exchanges under the symbol "QCX". For more information, visit www.carmanah.com.
Carmanah Technologies Corporation
Chief Financial Officer
For further information, please contact:
Tel: (250) 380-0052
Public Relations: David Davies
Tel: (250) 382-4332
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, 2006, 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.