Carmanah Announces Supply Agreement with SANYO’s Canadian Solar Panel Business

June 14, 2006
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As part of the ongoing growth of its solar power systems business, Carmanah is pleased to announce a supply agreement with SANYO Canada Inc. for the provision of SANYO solar power modules.

“Carmanah provides its innovative, practical, sustainable technologies for government, commercial and private customers worldwide,” states Art Aylesworth, Carmanah’s CEO. “Through this new supply agreement, SANYO will play an important role in ensuring we have the high quality solar modules required for our continued, aggressive growth.”

“We are pleased with the supply agreement with Carmanah,” says KC Chang, Manager, Sales and Marketing, Components and Solar, SANYO Canada Inc. “This will help meet the needs of our solar customers across Canada as well as growing our market in this country.”

SANYO’s solar modules will be used predominantly by Carmanah’s Solar Power Systems Group, which services industrial, recreational and grid tie clients. “SANYO modules, with their high efficiency design, allow us to get the maximum generating horsepower out of a limited roof area,” says Dave Egles, Carmanah’s Senior Vice President of Business Strategy. “This makes them an excellent solution for our rapidly growing rooftop solar systems market.”

About SANYO Inc. Canada

SANYO Canada, established in 1958, is based in Concord, Ontario (an industrial suburb north of Toronto). Founded in 1947 in Osaka, Japan, SANYO, which stands for “three oceans,” has $22 billion worldwide in sales. The company provides a full range of SANYO consumer and industrial products including audio and video, digital cameras, wireless communication, LCD projectors and monitors, security video, air conditioning and home appliance products. SANYO is also the world’s largest manufacturer of rechargeable batteries. Its environmental focus includes solar energy panel products, non-fluorocarbon refrigeration, and electric vehicle power solutions (for the Ford Escape Hybrid). It is also a major manufacturer of lab equipment and C02 incubators.

About Carmanah Technologies Corporation

Carmanah is an award-winning manufacturer specializing in energy efficient technologies that fundamentally change the way its customers operate. 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 TSX Exchange under the symbol “CMH” and on the Berlin and Frankfurt Stock Exchanges under the symbol “QCX”.

For further information, please contact:

Investor Relations:

Mr. Mark Komonoski, Director

Carmanah Technologies Corporation

Tel: (403) 470-8384

Toll-Free: 1-877-255-8483


Mr. David Davies

Tel: (250) 382-4332

Mr. KC Chang

Manager, Sales and Marketing

Components and Solar, SANYO Canada Inc.

Tel: (905) 760-9944 Ext. 4024 (office)

Cell: (416) 459-6320 (cell)