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Carmanah Technologies Graduates to TSXV Tier-One Status

Move underscores Victoria LED maker's growth, the company says...

Additional Order Increases Total Solar-Powered LED Airfield Lights Installed On One Airfield To 2,000 Units

Victoria, British Columbia, Canada - May 17, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that the US Air Force has ordered an additional 680 units of its solar-powered LED airfield lights for an air base located in the Middle East. "Repeat orders such as this one confirm that our lights offer a viable alternative to hardwired traditional airfield lighting," states Art Aylesworth, Carmanah's CEO.

Carmanah Graduates to Tier 1 Status on the TSX Venture Exchange

Victoria, British Columbia, Canada - May 10, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that the Company has achieved Tier 1 status on the TSX Venture Exchange. This reclassification recognizes the management experience and current financial strength of the Company. "We are pleased that Carmanah's strong financial performance and structured growth have been recognized by the TSX Venture Exchange," states Art Aylesworth, Carmanah's CEO.

Edison’s Day May Be Done

LEDs to Light Toronto Traffic Signals

Carmanah Looks for New Markets for LED Lights

Carmanah Technologies Corp. is going after new markets for its solar-powered LED lighting units, and some analysts expect the small company to see revenue growth of 50% to 66% in 2005. Victoria-based Carmanah, which is listed on the TSX Venture Exchange, designs and produces energy-efficient lights for marine, aviation and roadside applications.

US Air Force Orders Model A702 Infrared Runway Edge Lights

Two separate US Air Force Bases have ordered a combined 24 units of Carmanah's newly released A702 IR infrared solar-powered LED runway edge lights. These lights will be installed for fixed wing nighttime training operations using night vision goggle (NVG) technology. The lights are designed to operate from dusk until dawn and can only be seen with the use of NVGs as infrared LED light is undetectable to the naked eye. Both USAF bases will benefit from Carmanah's incorporation of infrared LED technology into maintenance free, solar-powered LED airfield lights.

Carmanah CEO Interview on Michael Vaughan Live

Victoria, British Columbia, Canada - April 25, 2005 - Carmanah Technologies Corporation is pleased to announce that Carmanah's C.E.O, Art Aylesworth, was interviewed on the Small Cap Mondays segment of Michael Vaughan Live, Canada's leading business interview program. Aylesworth's interview broadcasted live on Report on Business Television on Monday, April 25 2005 at 6:30 PM Eastern Standard Time.

Toronto Bus Shelter Deal Helps Raise Solar-Tech Firm’s Profile

Carmanah Technologies Inc. TSX (CMH) Close: $2.64 Change: -$0.05 Victoria-based Carmanah Technologies has continued to raise its profile -- and its revenues -- by winning a contract to supply solar-powered bus shelter lighting systems to the city of Toronto. Carmanah said the city will convert 200 commuter coverings to solar power using its light-emitting diode i-Shelter™ lighting systems. The installation means 350 Toronto bus shelters will be using the technology, Carmanah said.

Carmanah Announces Financial Results for Q1 2005

Victoria, British Columbia, Canada - April 21, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce its first quarter results for the three months ended March 31, 2005 and 2004. Highlights for the quarter: Record Q1 2005 revenues of $4,849,542. Record Q1 2005 orders booked of $6,089,305. Record order backlog at the end of Q1 in the amount of $2,839,576. Year-to-date gross profit margin at 52%, consistent with the average gross profit margin for 2004. Q1 2005 net income of $263,422. Q1 2005 EBITDA of $325,190. "With a record $4.8 million in product delivered and over $6 million in orders booked during our first quarter, Carmanah is on track towards realizing its sales goals for 2005," states Art Aylesworth, Carmanah's CEO.

Carmanah Receives $662k Contract for Solar-Powered LED Shelter Lighting Systems

Victoria, British Columbia, Canada - April 13, 2005 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that the Company received an order in the amount of of $662,400 for its solar-powered LED (light-emitting diode) i-SHELTER ™ lighting systems to be installed in a North American city. "This is another in a series of significant rollouts for Carmanah in the international transit industry," states the Company's CEO, Art Aylesworth.