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Carmanah Announces Completion of Sale of On-Grid Power Business

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today announced that its wholly owned subsidiary, Carmanah Solar Power Corp. (“CSPC”), has completed the sale of its solar power engineering, procurement and construction business (“Solar EPC”).  The proceeds of the asset sale were USD 2.0 million and is subject to final adjustments. In addition to these proceeds CSPC will retain responsibility for four solar power construction portfolios that are at, or close to substantially complete.  It is expected that these portfolios will achieve final completion before the end of 2017.  While most of the revenue related to these portfolios has been recognized, CSPC expects to collect accounts and notes receivable in excess of USD 5.4 million on final completion.

Carmanah Reports Fourth Quarter, and Fiscal 2016 Results

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its fourth quarter, and fiscal 2016 financial results for the period ended December 31, 2016.  Currency amounts are in U.S. dollars unless otherwise noted.      All figures below, unless otherwise stated, are for Carmanah’s continuing operations and exclude the operating results from the Company’s Power business segment.  The planned disposal was announced in a press release dated October 11, 2016.

Carmanah Announces Release Date for Fourth Quarter 2016 Financial Results and Conference Call

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its fourth quarter 2016 financial results on Monday, March 20th, 2017 after market close. Carmanah has scheduled a conference call for analysts at 6:00 am PST (9:00 am ET) on Tuesday, March 21st, 2017.

Carmanah to provide remote monitored LED lanterns for Norwegian Coastal Administration

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today announced that its subsidiary, Sabik Oy (“Sabik Marine”), has been selected by the Norwegian Coastal Administration (“Kystverket”) to provide remote monitored LED lanterns for their coastal waters under agreement for the next 3-4 years. The Norwegian coast is known for its challenging conditions and difficult-to-navigate waters.

Carmanah Completes Acquisition of EKTA branded products and contracts from Cybernetica AS

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today announces that it completed the acquisition of the EKTA marine aids to navigation assets from Cybernetica AS of Estonia (“Cybernetica”). The company had previously announced its intention to acquire the EKTA branded products and contracts on November 29th, 2016. “The acquisition accomplishes two important steps in our growth strategy,” said John Simmons, Carmanah CEO.

Three military bases find Carmanah solutions under extreme conditions

Carmanah’s products stand up in harsh weather to ensure safety without a lot of maintenance, regardless of application. These three military bases put our products to work for both training and full-time purposes. The largest US military base in Afghanistan, Bagram Air Base has been using Carmanah solar airfield products since 2003.

Carmanah to Acquire EKTA branded products and contracts from Cybernetica AS

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today announces that it has entered an asset purchase agreement pursuant to which it will acquire certain marine aids to navigation assets owned by Cybernetica AS of Estonia (“Cybernetica”). The purchase price will be €1.35 million and will be paid by way of €1 million in cash on closing and €0.35 million on the first anniversary of closing. Cybernetica develops and manufactures software solutions, light signaling and telematics products, maritime surveillance, and radio communications systems.

Carmanah Reports Third Quarter 2016 Fiscal Results

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its third quarter financial results for the period ended September 30, 2016.  Currency amounts are in U.S. dollars unless otherwise noted.      All figures below, unless otherwise stated, are for Carmanah’s continuing operations and exclude the operating results from the Company’s Power business segment.  The planned disposal was announced in a press release dated October 11, 2016.

Carmanah Announces Release Date for Third Quarter 2016 Financial Results and Conference Call

VICTORIA, BC, CANADA (October 28, 2016) Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its third quarter 2016 financial results on Wednesday, November 9th, 2016 after market close. Carmanah has scheduled a conference call for analysts at 6:00 am PST (9:00 am ET) on Thursday, November 10th, 2016.

Carmanah Presents First Annual Corporate Social Responsibility Report

  We are pleased to share our first ever Corporate Social Responsibility (CSR) report, which summarizes our triple bottom line performance for our 2015 fiscal year.  Full report is available by clicking on image below.                                                               .