Posts

Dr. David Suzuki Public School Powers Up with Carmanah Solar Technology

VICTORIA, BC, CANADA (January 20, 2010) - Five hundred Dr. David Suzuki Public School students are going back to school this fall in a facility powered in part by solar photovoltaic technology developed by Canadian-based solar integrator, Carmanah Technologies (TSX: CMH). The Greater Essex County District School Board of Windsor, Ontario, is receiving a 32 kW grid-tied Photovoltaic system with funding provided by the Government of Ontario Green Schools Initiative.

Carmanah & Semex Establish Mexican Manufacturing and Distribution Partnership

VICTORIA, BC, CANADA (January 7, 2010) - Carmanah Technologies and Semex today announced a manufacturing & distribution partnership that will bring leading-edge solar LED lighting and solar-powered traffic beacon technology to Mexico. Carmanah and Semex have partnered to manufacture solar LED lighting and signaling solutions for outdoor lighting and traffic applications at Semex's facility in Monterrey, Mexico. The manufacturing agreement will allow both companies to penetrate further into the outdoor lighting market in Mexico and will help them to service major clients across the country. The partnership will combine the ingenuity of a traffic light component manufacturing company with the leading-edge technology of Carmanah solar LED lighting solutions.

Bob Wiens Appointed to Carmanah Technologies Board of Directors

VICTORIA, BC, CANADA (January 6, 2010) - Carmanah Technologies Corporation (TSX: CMH), a global provider of solar LED lighting technology, has appointed Bob Wiens to the Board of Directors. Mr. Wiens has also been appointed as Chair of the Audit Committee. Mr. Wiens brings 30 years of public company experience to the position, including 13 years as President and CEO of FACS Records Centre, a document management and storage company.

Burnaby School District Installs Local Carmanah Solar Technology

VICTORIA, BC, CANADA (December 10, 2009) - Burnaby School District (no. 41) is outfitting two newly-constructed school buildings with rooftop solar power systems from Victoria-based Carmanah Technologies Corporation in an effort to meet sustainability objectives. The decision to install the photovoltaic array will bring the school district closer to realizing LEED (Leadership in Energy and Environmental Design) certification for both buildings.

Carmanah CEO Ted Lattimore video interview on The Close

Carmanah Technologies, which makes small solar-powered lights used by the marine shipping and aviation industries, has been trying to increase its international sales while restructuring. And it recently inked a deal to manufacture lights in the Middle East. BNN speaks to Ted Lattimore, CEO, Carmanah Technologies. To view the interview, click here..

Carmanah Establishes Middle East Manufacturing Partnership with PTL Solar(tm)

VICTORIA, BC, CANADA (December 7, 2009) - Carmanah Technologies and PTL Solar™ today announced a manufacturing partnership that will bring leading-edge solar LED lighting technology to the Middle East and selected countries in Africa. PTL Solar and Carmanah have partnered to manufacture solar LED lighting solutions for outdoor lighting applications at a facility under ENPARK in Dubai. The manufacturing agreement will allow both companies to penetrate further into the outdoor lighting market in the Middle East and selected countries in Africa and will help them to service major clients in the region. The first of its kind in Dubai UAE, the manufacturing partnership will combine the ingenuity of a UAE-based company with the leading-edge technology of Carmanah solar LED lighting solutions.

Carmanah receives order for solar LED aviation lights to improve airfield safety in Middle East

VICTORIA, BC, CANADA (December 1, 2009) - Carmanah Technologies Corporation (TSX: CMH) has received an order valued at approximately USD $365,000 to supply solar powered elevated runway guard lights (ERGLs) to an air force base in the Middle East. The Carmanah ERGLs will provide 24-hour unidirectional flashing to aid in reducing airfield incursions at runway and taxiway intersections, improving safety and increasing operational capability at the base. As a portable or permanent stand-alone solution, the ERGL installs in minutes with no trenching, cabling, or external power required.

ADB Airfield Solutions and Carmanah to provide solar LED airfield lighting technology

COLUMBUS, OHIO and VICTORIA, BC, CANADA (November 30, 2009) - Airfield lighting technology provider ADB Airfield Solutions, LLC and solar technology provider Carmanah Technologies (TSX: CMH) have teamed up to provide a line of solar-based LED airfield lighting for ADB. The arrangement will augment ADB's line of airfield lighting products with a range of solar-powered LED lighting alternatives.

Carmanah income jumps

Solar company says lower costs contributed to the success

Carmanah announces Q3 2009 results

Victoria, BC, Canada - (November 12, 2009) - Carmanah Technologies Corporation (TSX: CMH) today announced its third quarter financial results for the three-month period ending September 2009. (All amounts are in US dollars.) Highlights for the Quarter Revenues: $9.5 million, down from $12.2 million for the same period in 2008 Signal & Illumination Revenues: $5.4 million, down from $6.9 million for the same period in 2008 Gross margin: 33%, down from 38% in 2008 Operating expenses before restructuring: $3.2 million, down from $4.1 million for the same period in 2008 Net income: $1.2 million, up from $0.7 million in 2008 Adjusted EBITDA: $1.4 million, up from $1.2 million in 2008 Cash flow from operations: $1.7 million, up from negative cash flow of $0.9 million in 2008 Cash balance: $8.9 million as at September 30, 2009, up rom $4.1 million at the same period in 2008 Nil debt: Continued debt-free operation To view full financials, click here. Summary of Results Although the global economic downturn continues to present a challenge, a streamlining of operations and the resulting reduction in operating expenses is helping to keep operating costs low, while the introduction of several new products including the restyled EverGEN 1710 light presents new opportunities.