VICTORIA, BRITISH COLUMBIA, CANADA (May 8, 2013) Juan Santamaría International Airport, Costa Rica, is installing a large quantity of solar-powered LED signsbyADB Airfield SolutionsandCarmanah Technologies(TSX: CMH). The International Airport is the first major civil airfield to use solar-powered signs exclusively and represents a material order for Carmanah. The rehabilitation project, originally specified for hard-wired LED signs, favored a solar solution when ADB representatives presented lucrative return on investment figures for solar signs that would reduce civil works expenditures and overall project cost with minimal disruption of aviation operations.
Solar-powered signs (SSS) are an ideal solution for airfields that require immediate safety improvements and that have difficulty accessing the electrical grid. The SSS consists of an ADB solar-powered sign and a solar engine power supply (SEPS) by Carmanah. The SEPS engine increases airfield navigability in night and low-visibility conditions., The systems’ incorporate the latest solar technologies, hardware and software to provide power and optional remote control capability to the LED sign.
“The joint partnership of ADB and Carmanah was key to winning this project,” said Carmanah CEO Bruce Cousins. “Originally specified for grid-power LED signs, solar presented an economic and reliable solution that is being picked up by civil airfields around the world.”
About Carmanah Technologies Corporation
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 pursues its business strategy within six distinctive product offerings: outdoor lighting, marine signal, aviation signals, traffic signals, grid-tie and mobile. 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.
ADB is a world leader in airfield ground lighting solutions in the ICAO and FAA markets providing advanced, integrated and sustainable solutions for visual guidance. With a worldwide presence, and a 65 year legacy, ADB offers an innovative portfolio and expertise that sets new standards in safety, performance, quality, and customer service. More than 2000 airports in 150 countries have chosen ADB as their preferred partner for airside operations. For more information about ADB, please visit our website at www.adb-airfieldsolutions.com.
Roland Sartorius, Chief Financial Officer
For further information:
Investor Relations: Roland Sartorius
Public Relations: Natasha Bartlett
This news release contains “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements are generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “budgets,” “could,” “estimates,” “expects,” “forecasts,” “projects” and similar expressions, and the negative of such expressions. Forward-looking statements in this news release include statements about the reliability and attributes of Carmanah’s solar LED lights and solar power systems; and Carmanah’s strategy, future operations, prospects and the plans of management; additional product sales opportunities; increased top line revenue; and extending existing product lines through internal development efforts, strategic business relationships as well as focused acquisitions.
With respect to the forward-looking statements contained in this news release, Carmanah has made numerous assumptions regarding, among other things, that the Company’s proprietary solution presented a compelling off-grid, sustainable lighting solution; and additional product sales result in increased top line revenues. While Carmanah considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Carmanah’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained herein. Known risk factors include, among others: the products contemplated in this sale may not be completed or function as currently anticipated, or the installations may not be completed in the timeframe contemplated and general risks related to the competitive environment, competition with other energy sources, technological changes, anticipated adoption rates for Off-Grid LED lighting; ability to manage expansion effectively, foreign exchange, reliance on third party manufacturers, reliance on outside agents and distributors, reliance on key employees, intellectual property risks, environmental and regulatory compliance, government contracts and subsidies, product quality and reliability and warranty liability risk, downturn in economic and market conditions, liquidity and capital requirements, litigation risk, potential reorganization of operations or product offerings, and geopolitical and other global or local events; there can be no assurances that the Company can increase or maintain current top line revenue; there can be no assurances that the Company will achieve additional product sales; and there can be no assurances the Company can extend existing product lines through internal development efforts, strategic business relationships and focused acquisitions.
A more complete discussion of the risks and uncertainties facing Carmanah appears in Carmanah’s most recently filed Annual Information Form, Annual MD&A, and other continuous disclosure filings which are available on SEDAR at www.sedar.com and on the Company’s website at Carmanah disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.