June 14, 2012 -
VICTORIA, BRITISH COLUMBIA, CANADA (June 14, 2012)
The growing demand for solar-powered lighting solutions required in the Middle East has encouraged the signing of a distribution agreement between Saudi Arabian-based power and telecommunications company Al-Babtain
and Canadian-based solar outdoor lighting manufacturer Carmanah Technologies (TSX: CMH)
. The agreement will allow for the locally supported sale and distribution of Carmanah’s EG-series
solar outdoor lighting portfolio in select countries of the Middle East by an existing leader in power, telecommunications, outdoor lighting and infrastructure solutions. The EG-series is a stand-alone, solar-powered outdoor lighting solution that is optimized to perform reliably in arid, desert conditions that include high ambient temperature and intermittent sandstorms.
Al-Babtain, active in the area of outdoor lighting, transmission and distribution, telecommunications, structural steel and galvanizing services, supplies solutions for local and international markets. The company emphasizes strength in its design and manufacturing capabilities and in meeting international standards, maintaining production bases in Riyadh, KSA, and Cairo, Egypt and Troyes, France. As an established infrastructure provider, the agreement inducts Carmanah EG-series products into a large sales channel network and provides access to locally-sourced outdoor lighting poles, which Al-Babtain manufactures in its facilities certified to ISO 9001 standards.
In an initiative to invest in the growing market for renewable solar lighting in the region, Al-Babtain identified a number of solar outdoor lighting manufacturers to support their direction. According to Wissa Hennawy, CEO of Al-Babtain, “We selected Carmanah Technologies as the provider of solar outdoor lighting systems as a result of the company’s internationally-recognized brand and consistent reputation. Our commitment to quality and reliability and as a reputable manufacturer of power and telecommunication is mirrored in Carmanah’s history of reliability and performance.”
Under the terms of the agreement, Al-Babtain will pursue sales and distribution of Carmanah EG-series products in market sectors including, but not limited to, highway/roadway, area and path/pedestrian lighting applications.
“With the signing of this agreement, Carmanah has an opportunity to make significant breakthroughs in several key market segments in these regions,” comments Bruce Cousins, Carmanah CEO. “In particular, our efforts to grow in high light-output arenas including highway and freeway applications are dramatically strengthened in this partnership.”
About Carmanah Technologies CorporationAs one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide. Industry proven to perform reliably in some of the world’s harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol “CMH”. For more information, visit www.carmanah.com.
About Al-Babtain Power and Telecommunications Co.
Al-Babtain is a manufacturer of Power & Telecommunication products serving local and international markets. The company’s success can be attributed to focusing on individual market needs and applying the company’s expertise and resources to develop and supply products that provide value.
With its production base in Riyadh (KSA), Cairo (Egypt) and Troyes (France), Al-Babtain maintains high quality & reliability standards by acquiring some of the best technologies from leading companies in the world, together with technologies developed in its own facilities.
Al-Babtain’s leadership is committed to quality and exceeding the expectation of valued customers. To demonstrate our commitment, all business units are certified to ISO 9001 Quality Management System by the globally reputed certification agency.
To achieve and demonstrate sound Environmental and Occupational Health & Safety performance, the company has now established an effective Environmental Management System (ISO 14001) and Occupational Health & Safety Management System (OHSAS 18001) certified by the renowned certification body M/S British Standard Institution (BSI).
The company is further committed to the employees and the community.
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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. For additional information on these risks and uncertainties, see Carmanah’s most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company’s website at www.carmanah.com. The risk factors identified in Carmanah’s AIF and MD&A 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