Victoria, British Columbia, Canada, (March 13, 2008) Carmanah Technologies Corporation (TSX: CMH) is working with the City of Kelowna, British Columbia, to equip the community's parks, paths and other public spaces with solar-powered LED lighting technology. As part of its "Going Green" strategy, Kelowna will install 100 Carmanah EverGEN™ solar-powered area lights in a citywide deployment of renewable technology. A Government of Canada grant of $500,000 will help support the outdoor lighting project as part of the government's commitment to help Canadians reduce energy costs, increase energy efficiency, and develop cleaner energy technologies. The government will contribute $480,000 in funding from the Technology Early Actions Measures program and $20,000 of in-kind support from Natural Resources Canada (NRCan).
The solar-powered lights will illuminate green spaces and other public areas to help enhance convenience, security, and visual appeal throughout the city. With no trenching, cabling or permits required, each area light can be installed in minutes at a fraction of the cost of a wired light source, to provide years of trouble-free operation without the scheduled maintenance or monthly utility bills of traditional electric lights. To ensure consistent illumination levels, each light uses Carmanah's built-in MICROSOURCE® energy management system to dynamically manage the changing relationship between light output and available energy resources. By using the sun's energy as an alternative power source, each solar-powered LED (light emitting diode) light can help the community to reduce its dependency on grid-based electricity, for a clean, economical and maintenance-free lighting alternative.
As one of BC's fastest-growing cities, Kelowna is committed to sustainability for the health and wellness of its citizens and future generations. Under the guidance of Mayor Sharon Shepherd, the city is always looking for new ways to reduce its environmental footprint, making this citywide commitment to solar technology a logical step. With this wide-scale commitment to renewable energy technology, Kelowna is leading the way as a true innovator, and one of Canada's leading solar cities.
For more information on Carmanah's line of EverGEN solar powered lights, visit www.roadlights.com. For more information on the City of Kelowna, and its commitment to sustainability, visit www.kelowna.ca.
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
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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, 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.