Carmanah Technologies: Illumination for the Future

June 15, 2003
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Headquartered in Victoria, BC, Carmanah Technologies Corporation `CMH-TSXV` is a world leader in navigational and hazard lighting. Carmanah’s technology was originally developed for the marine industry but has found many other applications. Research and development commenced in 1996 and on July 6th, 2001, Carmanah Technologies began trading on the Canadian Venture Exchange. The
company has continued to grow, and in 2002 reached a significant milestone as it celebrated the installation of over 50,000 LED (light emitting diode) units. Currently, the technology is in use in more than 110 countries, with annual sales of over CDN $6.4 million. The year 2002 also represented the first time Carmanah achieved profitability as a public company. This was a considerable
achievement as it also expanded its production facilities threefold during the year.