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Carmanah Receives Solar Outdoor Lighting Purchase Orders Valued at $1.5M USD

Carmanah Receives Solar Outdoor Lighting Purchase Orders Valued at $1.5M USD VICTORIA, BRITISH COLUMBIA, CANADA (January 21, 2014) Carmanah Technologies Corporation (TSX: CMH) today announced that it has received purchase orders from a single customer for $1.5M USD for solar outdoor lights and hardware. Carmanah is making this disclosure as it has determined that these […]

Carmanah Traffic Announces Winner for Be a Beacon Contest

December 12, 2013 Today Carmanah Traffic announced Bridgeway Island Elementary School, in West Sacramento, CA, as the winning entry in the Be a Beacon Contest. Carmanah is excited to provide an R920 Rectangular Rapid Flashing Beacon (RRFB) system to improve pedestrian access and safety at one of their school crosswalks. Chosen from five deserving elementary school entries, […]

Carmanah Technologies Corporation Announces the Appointment of New Directors

Carmanah Technologies Corporation (TSX: CMH) today announced the appointment of two new directors to the board, Jim Meekison and Terry Holland.   “Both new board members bring the business leadership, strategic background and operational experience required to help us build Carmanah into a franchise that will instill pride in our shareholders, employees and customers,” said Chairman of the Board, Michael Sonnenfeldt. “While there is much to do to reverse the slide of the last few years, our goal is to achieve success within the clean-tech sector by targeting solid, growth-oriented business opportunities,” continued Sonnenfeldt.

Carmanah Announces Completion of $6 Million Rights Offering

Carmanah Technologies Corporation (TSX: CMH) (“Carmanah”) is pleased to announce that it has completed its previously announced rights offering (the “Offering”). Carmanah issued a total of 50,294,200 common shares (the “Rights Shares”) under the Offering at a price of $0.12 per Rights Share, for gross proceeds of $6,035,304.   ### About Carmanah Technologies CorporationAs one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide.

Carmanah Reports Third Quarter 2013 Results

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its third quarter financial results for the period ended September 30, 2013.   For the third quarter of 2013, the Company recorded a net loss of $1.4 million on revenues of $4.9 million.

Carmanah Announces Release Date for Third Quarter 2013 Financial Results and Conference Call

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its third quarter 2013 financial results on November 14th, 2013 at 1:00 pm PT (4:00 pm ET).   Carmanah has scheduled a conference call for analysts at 2:00 pm PT (5:00 pm ET) on Thursday November 14th, 2013.

Carmanah Announces Launch of $6 Million Rights Offering

Carmanah Technologies Corporation (TSX: CMH) (“Carmanah”) announces that it has filed a final prospectus in respect of a shareholder rights offering (the “Offering”). Under the Offering, Carmanah will seek to raise up to approximately $6 million.   The proceeds from the Offering will be used for general corporate purposes including, but not limited to: (1) funding restructuring costs and process improvement expenditures all of which will be directed at reducing operating costs; (2) investments in new product development activities to meet market demands and improve gross margins; (3) funding an increase in inventory to meet customer demands and, if required by a change in manufacturing strategy, to buy back parts inventory from Carmanah’s contract manufacturer; and (4) funding operating losses until the results of (1) and (2) can be achieved.  Carmanah anticipates the proceeds will be sufficient to meet its non-discretionary expenditures and necessary restructuring costs over the next several quarters as it develops and implements changes to help in longer term profitability and growth.   Under the proposed terms of the Offering and subject to any restrictions imposed by applicable securities laws, each shareholder of record on October 22nd would be entitled to receive one right (each a “Right”) for each common share held on the record date.

Carmanah Technologies Corporation Announces Change in Directors

Carmanah Technologies Corporation (TSX: CMH) (“Carmanah”) today announced the resignation of Robert D. Wiens from its Board of Directors with immediate effect. Carmanah thanks Mr. Wiens for his years of service and dedication.   ###   About Carmanah Technologies CorporationAs one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for transportation applications worldwide.

Carmanah Technologies Corporation Announces $6 Million Rights Offering

  VICTORIA, BRITISH COLUMBIA, CANADA (September 17, 2013) Carmanah Technologies Corporation (TSX:CMH) (“Carmanah”) announces that it has filed a preliminary prospectus and will file a registration statement in respect of a proposed shareholder rights offering (the “Offering”).

Carmanah Technologies Corporation Announces Recent Developments

Carmanah Technologies Corporation (TSX:CMH) (“Carmanah”) provides the following disclosure updates. Change in Chief Financial Officer On September 12, 2013, Carmanah terminated the contract of Mr. Roland Sartorius as Chief Financial Officer. At the same time, Carmanah appointed Mr.