VICTORIA, BRITISH COLUMBIA, CANADA (May 27, 2010) – Carmanah Technologies Corporation’s (TSX:CMH) Board of Directors was elected at the Company’s Annual General Meeting held May 20, 2010. A motion was passed at the Meeting to fix the number of directors at five, or such other number as the board may from time to time determine. Management and the Board put forth four nominees as Directors for the coming year, intending to fill the remaining vacancy on the board in due course. The four nominees: Messrs. Rob Cruickshank, Rob Logan, Bob Wiens, and Ted Lattimore, all currently members of the board, will continue in their roles as Directors of Carmanah Technologies Corporation.
During the meeting, an additional nomination was made from the floor for the election of Mr. Peter Berrang to fill the final vacancy on the board. Mr. Berrang joins Carmanah’s Board of Directors as its newest member. Mr. Berrang is an entrepreneur from Victoria, BC, involved in the startup and management of local high-tech companies for the past 30 years, including the Axys Group of Companies, Seastar Optics Inc. (later acquired by SDL Inc., and then again by JDS Uniphase) and Epic Biosonics Inc. Currently, Mr. Berrang is involved in a variety of venture capital investments and sits on a number of boards.
As 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 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, 2009, 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.