Victoria, British Columbia, Canada - Thursday, June 15, 2006 - Carmanah Technologies Corporation (TSX: CMH) is pleased to announce that its LED Sign Group has received a two-year contract to supply up to $336,000 in LED-illuminated signs to the State Of New Jersey Bureau of Purchase. These signs will be used for point-of-purchase applications and installed throughout the retail network for the New Jersey Lottery.
The New Jersey Lottery, headquartered in Lawrenceville, is the fourth largest source of revenue for the State of New Jersey, and has been servicing the State for 40 years. Approximately 36 cents of every dollar generated is used to support state education and institutions and in 2004 alone, New Jersey Lottery contributed approximately $795 million in funding.
This order from New Jersey Lottery was comprised of hanging window signs and instant ticket dispenser signs. It follows a previous order from this organization for more than 1000 LED edge-lit signs that were delivered during 2005.
With Carmanah's proprietary edge-lit illumination technologies, the Company's signs are brighter and use 25% less power than other LED-based illuminated signs. "With low operating expenses and a minimum lifespan of 10 years, Carmanah's LED edge-lit lighting is an extremely cost-effective solution for point-of-purchase signage," stated Carmanah's CEO, Mr. Art Aylesworth.
Carmanah's products feature a number of technical innovations and competitive advantages that distinguish them from other LED edge-lit lighting products:
- Greater design versatility and crisper detail;
- Improved brightness and appearance; and
- Shatterproof, glass-free, durable acrylic and aluminum construction.
The contract with New Jersey Bureau of Purchase commenced March 01, 2006 and will run until February 29, 2008.
About Carmanah Technologies Corporation
Carmanah is an award-winning manufacturer specializing in renewable and energy-efficient technology solutions. The Company is currently focused on three technology groups: solar power systems & equipment, solar-powered LED lighting and LED illuminated signage.
Carmanah is headquartered in Victoria, British Columbia, Canada and has branch offices and/or sales representation in 11 cities across Canada, the United States and the United Kingdom. With more than 250,000 installations worldwide, Carmanah is one of the world's premier suppliers of energy-efficient products.
The shares of Carmanah Technologies Corporation are publicly traded on the Toronto Stock Exchange under the symbol "CMH" and on the Berlin and Frankfurt Stock Exchanges under the symbol "QCX". For more information, please visit www.carmanah.com.
On Behalf of the Board of Directors
Carmanah Technologies Corporation
Praveen Varshney, Director
For further information, please contact:
Mr. Mark Komonoski, Director
Carmanah Technologies Corporation
Tel: (403) 470-8384
Mr. David Davies
Tel: (250) 382-4332
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties 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, 2005, as filed with the U.S. Securities and Exchange Commission and which are incorporated herein by reference. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.