Posts

Solar Firm Carmanah Posts Record Revenues

VANCOUVER - Carmanah Technologies Corp., which makes solar-powered lighting, says a 115 per cent sales increase led to a first-quarter profit of $369,492. Earnings for the quarter ended March 31 amounted to 1.3 cents a share and compared with $12,915 or a tenth of a cent in the year-earlier quarter, Vancouver-based Carmanah reported today. Record revenues of $4.11 million were 24 per cent higher than the previous record achieved in 2003's fourth quarter. Carmanah is an alternative-energy firm specializing in patented solar-powered LED lighting for the marine, aviation, transit, roadway, railway and mining markets. "This has been a very strong quarter for Carmanah, consistent with our financial objectives for 2004," CEO Art Aylesworth said in a release.

Memphis International Orders Carmanah Aviation Lights

Memphis International (MCSAA) has ordered 100 Carmanah solar-powered LED barricade lights for a spring runway reconstruction project at the busy International Tennessee hub. From now until the summer of 2005, terminal improvements in excess of $25 million will be made, including renovations to the B Concourse, tenant sponsored jet bridge improvements, and major upgrades to each of our concessionaire partner spaces. After an initial winter field trial of the Carmanah barricade light, Memphis approved the unit for use, based on its ruggedness, reliability, 5 year maintenance free operation and savings in operating costs. Carmanah's solar-powered LED barricade lights are acceptable for use under FAA Advisory Circular 150/53702D.

US Marine Corps Places Order with Carmanah

The US Marine Corps have placed an order for Carmanah's taxiway, helipad and obstruction lighting for installation at the Al Asad Air Base in Iraq. The US Marines Corps will be using Carmanah's Model 601 for taxiway edge lighting, helipad edge lighting and obstruction lighting.

US Air Force Orders Additional Taxiway Lights for Balad Air Base, Iraq

Carmanah is pleased to announce that Balad Air Base in Iraq has ordered an additional 210 units of its solar powered LED taxiway and obstruction lights. More than 1500 lights have now been installed by the U.S. Air Force at this base for ongoing fixed wing and rotary aircraft operations. Carmanah's solar-powered LED lights have been operating effectively at Balad Air Base for more than 8 months now, providing the U.S.

Carmanah Wins National Environmental Award for Export Performance

Mr. Art Aylesworth, CEO, presenting Carmanah's solar-powered LED products at the GLOBE 2004 Conference. From left to right: Mr. Art Aylesworth; Mr. David Reddaway, British High Commissioner for Canada; Honourable David Anderson, Minister of the Environment, Canada; Honourable Paul Martin, Prime Minister of Canada. Vancouver, British Columbia, Canada - Monday, April 5, 2004 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that it received the Industry Award for Export Performance at the 2004 GLOBE Awards held in Vancouver, British Columbia on April 2, 2004. As Canada's highest profile national environmental awards, the GLOBE Awards are presented by The GLOBE Foundation of Canada and honours Canada's most influential and respected environmental corporations. "The Globe Awards could be considered the 'Oscars' for Canadian environmental innovation", states Carmanah's CEO, Mr.

Globe Environmental Prize Winners

Six enterprises received Globe Awards for Environmental Excellence in Vancouver last night. Toyota In Canada won in the corporate competitiveness category, the Canadian Urban Transit Association for environmental performance, Carmanah Technologies Inc. for export performance, Xantrex Technology Inc.

B.C.’s Power Technology Will Grow to be A $1 Billion Industry

British Columbia's power technology sector -- driven by a worldwide need for alternative sources of power -- will grow to be a $1-billion industry by 2005, an increase of 66 per cent since 2002, says a report released Tuesday. The report also said that revenues of $620 million for 2002 were larger than those for the same year in the highly-touted wireless sector, at $510 million, and the well-publicized biotechnology cluster at $179 million. The BC Power Technology Industry Survey says the diverse industry -- that includes everything from fuel cells to LED lighting to solar power to energy management, power conditioning and turbines -- expects the workforce of 3,000 to grow from 15 to 20 per cent over the next three years. "Our power systems are aging in North America and Europe and the load demands are getting higher," said Clay Braziller of the not- for-profit Canadian Institute for Market Intelligence, which did the survey with KPMG.

Robert Graham Interviews Carmanah CEO Art Aylesworth

On today's edition of Canada's Business Report, host Robert Graham profiles a fast-growing Victoria, B.C., company that designs and manufactures solar-powered LED lighting for the marine, roadway and railway markets. Graham speaks with Art Aylesworth, President and Chief Executive Officer at Carmanah Technologies.

Spokane International Airport Installs Carmanah Taxiway Edge Lights

Spokane International Airport, a general aviation airport in Spokane, Washington, has purchased an additional order of Carmanah's solar-powered LED taxiway edge lights for permanent installation. Spokane International is using Carmanah's maintenance free, self-contained taxiway edge lights for illuminating areas of its General Aviation airport that currently lack the cabling and power infrastructure required for a conventional hardwired system.

Zurich International Airport (ZRH) Installs Carmanah Obstruction Lights

Zurich International Airport (ZRH), also known as Kloten International Airport, is Switzerland's largest international gateway and is hub to Swiss International Airlines, install obstruction lights. A new runway approach at Zurich International made it necessary to build a new tourist-viewing platform for incoming and outgoing international air traffic.