Vancouver, BC, Canada - (July 09, 2002) - Carmanah Technologies Corporation (TSX VE: CMH; Berlin and Frankfurt Stock Enchanges: QCX), is pleased to announce that the Marine Department of the Hong Kong Special Administrative Region (HKSAR) has approved an initial installation of approximately $50,000 of Carmanah solar-powered LED marine navigation lights.
The HKSAR is currently in the process of upgrading its aids to navigation throughout the Hong Kong Port. Carmanah's lights will be installed, operational and fully tested by August 30, 2002. The organization has expressed that they will replace all current low range (up to 3 nautical miles) lighting with Carmanah's products once the performance and reliability of these initial units are proven.
This initial order comprises 10 units of the Model 601 (2 nautical mile marine light) and 28 units of the Model 702-5 (3 nautical mile marine light). The Model 702-5 units will be used to mark bridges that span the main Hong Kong/Kowloon Channel. Carmanah won the tender primarily because of the Model 702-5's compact configuration, low power consumption and superior quality and performance. Carmanah lights represent significant cost savings over competitive lighting technologies.
"This order into Hong Kong represents a significant step forward for Carmanah's sales efforts into Asia", stated Art Aylesworth, C.E.O. of Carmanah. "The HKSAR's desire to upgrade the technology of its aids to navigation, mooring buoys and bridge hazard marker lights provides Carmanah with a significant opportunity to become a preferred supplier."
About the Hong Kong Special Administrative Region and the Hong Kong Harbour
Hong Kong is comprised of a large peninsula and 235 islands. The Hong Kong Port is located on the southern tip of the peninsula and represents the most active port in the world. Its strategic location in Asia makes it an important shipment and transshipment centre. Within the port, the HKSAR manages over 550 channel marker buoys and over 2200 mooring buoys. They also administer hazard marker lights on bridges that span the waterway approaches to and from the harbour segments and the navigable rivers.
About Carmanah Technologies Inc.
Carmanah designs, manufactures and supplies patented, proprietary solar-powered LED lighting solutions to the marine, transit, roadway and railway markets. The company has distributors in over 80 countries and now has more than 45,000 units installed in 110 countries. The shares of Carmanah Technologies Corporation (parent company) are publicly traded on the TSX Venture Exchange under the symbol "CMH" and on the Berlin and Frankfurt Stock Exchanges under the symbol "QCX". For further information, visit www.carmanah.com.
On Behalf of the Board of Directors
Carmanah Technologies Corporation
Praveen Varshney, Director
For further information, please contact.
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 our Annual Report for the fiscal year ended December 31, 2002, as filed with the U.S. Securities and Exchange Commission and which are incorporated herein by reference. These risks and uncertainties are also described under the caption "Risk Factors" in our Annual Information Form dated December 31, 2002, as filed with the British Columbia Securities Commission and which are incorporated herein by reference. We do not assume any obligation to update the forward-looking information contained in this press release.