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Carmanah Technologies Buys Calgary LED Company

Lighting firm adds to expertise with $3-million deal; plans to use solar power to drive product development

Carmanah Technologies to Acquire AVVA Technologies

Vancouver, British Columbia and Calgary, Alberta - June 24, 2003 - Carmanah Technologies Corporation (TSX VE: CMH) and AVVA Technologies Inc. (TSX VE: AVY) are pleased to announce that they have signed a binding letter of intent pursuant to which Carmanah, or a wholly owned subsidiary thereof, will make an offer to acquire all of the issued and outstanding shares of AVVA (the "Proposed Acquisition").

Carmanah Installs i-STOP™ Bus Stops with the City of Aspen, Colorado

In June 2003, the City of Aspen (CO) installed Carmanah's i-STOPTM solar-powered illuminated bus stops for field trial. These i-STOPTM units are providing this transit authority's passengers with LED security lighting, timetable illumination, as well as a user-operated flashing signal to indicate to the bus operator that a stop is requested. Lynn Bader, Transit Co-ordinater for the City of Aspen commented "Carmanah's i-STOPTM has helped our authority overcome a safety barrier by offering greater visibility to the operator, thus increasing ridership.

Carmanah Technologies: Illumination for the Future

Headquartered in Victoria, BC, Carmanah Technologies Corporation `CMH-TSXV` is a world leader in navigational and hazard lighting. Carmanah's technology was originally developed for the marine industry but has found many other applications. Research and development commenced in 1996 and on July 6th, 2001, Carmanah Technologies began trading on the Canadian Venture Exchange.

Bright, Flashing and Efficient

Rick Dacey installing Carmanah 702-5 Marine Light Victoria solar technology is making Canada's waterways safer. Rick Dacey, senior marine aids technician, installs a Carmanah Technologies Corporation solar-powered 7025 light on the top of a three-metre bell buoy at the Victoria coast guard base.

Carmanah Technologies Links with U.S. Company

Carmanah Technologies has signed a memorandum of understanding with New Jersey-based Dialight Corp. to co-operate in developing and marketing new lights for highway and aviation use. Each company's product development group will work together, said Michael Ball, Carmanah's vice-president of sales and marketing.

Carmanah Ranked #9 in List of Canada’s Fastest Growing Companies

In the June issue of PROFIT, a prominent Canadian national business magazine, the publication is announcing its 15th annual 2003 PROFIT 100: the definitive ranking of Canada's best and brightest growth firms. Carmanah is pleased to announce that with 3,669% revenue growth since 1997, it ranks #9 in Canada among the nation's fastest growing companies! For more details, visit www.profitguide.com, the publication's official web site..

Carmanah and Dialight Sign Memorandum of Understanding

Leading LED lighting companies join forces in multimillion-dollar solar LED market Victoria, BC - May 28, 2003 - Carmanah Technologies Corporation (TSX VE: CMH) is pleased to announce today that it has signed a memorandum of understanding with Dialight Corporation. As two industry leaders in the fast-growing LED (light-emitting diode) lighting market, the companies will now jointly develop and market roadway and aviation lighting for North America's transportation market.

US Air Force Orders Additional 300 Units for Middle East Airfield

Carmanah has received an additional order from the US Air Force for 300 units of its Model 601 taxiway edge light for permanent installation at a Middle East airfield. The US Air Force is currently using Carmanah's patented solar-powered LED airfield lighting at multiple US Air Force bases throughout the world.

Carmanah Annouces First Quarter Revenues Up 38%

P>Victoria, BC - May 9, 2003 - Carmanah Technologies Corporation (TSX VE: CMH) is pleased to announce its first quarter results for the three months ended March 31, 2003 and 2002. Carmanah's total revenues for the three months ended March 31, 2003 increased 38% to $1,906,478, compared to $1,381,044 for the same period in 2002.