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Canadians’ help sought for a green desert oasis
The first city in the world likely to emit zero carbon and generate zero waste is, ironically, likely going to be in a country that gets most of its revenues from the sale of oil and gas. Three years ago Abu Dhabi, in the United Arab Emirates, came up with a grand plan. The country is rolling in petrodollars, which make up more than two-thirds of its gross domestic product.Carmanah lights get makeover
Victoria firm targets global market with the help of sleeker productsSolar powered parking-lot light delivers affordable off-grid illumination
Carmanah EverGEN 1710 developed in partnership with frog designCarmanah Technologies Corp revs up as one of B.C.’s Fastest Growing Companies
Carmanah Technologies Corp enjoyed a 281 percent increase in revenue between 2004 and 2008, earning it a top spot in Business in Vancouver's Top 100 Fastest-Growing Companies list in 2009.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Nuclear Power Plant Goes Solar With Off-Grid LED Outdoor Lighting
VICTORIA, BRITISH COLUMBIA, CANADA (August 25, 2009) - One of California's largest state utilities, Southern California Edison (SCE), is lighting up the night with solar technology at its San Onofre Nuclear Generating Station (SONGS). To illuminate its main employee parking areas, Edison is equipping the site with solar-powered LED lights from Carmanah Technologies (TSX: CMH).Carmanah divests of LED edge-lit signs business to continue focusing on Strategic Solar Lighting & Power Technology Markets
VICTORIA, BRITISH COLUMBIA, CANADA (August 18, 2009) Carmanah Technologies Corporation (TSX: CMH) is pleased to announce that the Company and Dr. David Green have today closed on an agreement whereby Dr. Green, through his holding company, has purchased Carmanah's LED edge-lit signs business, Carmanah Signs Inc.Carmanah Q2 2009 results reflect 20% increase in strategic revenues
Victoria, BC, Canada - (August 10, 2009) - Carmanah Technologies Corporation (TSX: CMH) ) today announced its second quarter financial results for the three-month period ending June 2009. Strategic sales were $7.3 million, up almost 20% over the same period the prior year, although total sales for Q2 2009 were $9.3 million, down from $15.7 million for the same period last year, due the exiting of various low margin product lines. Highlights for the Quarter Revenues: $9.3 million, down from $15.7 million for the same period in 2008 Strategic Revenues: $7.3 million, up from $6.1 million for the same period in 2008 Gross margin: 37%, up from 32.5% in 2008 Operating expenses: $4.2 million, down from $5.6 million in 2008 Net loss: $1.0 million, up from $0.4 million in 2008 Adjusted EBITDA: Adjusted EBITDA of ($1.1) million, down from $0.4 million in 2008 Cash flow from operations: $2.5 million, up from $1.5 million in 2008 Cash balance: $10.2 million as at June 30, 2009, from $5.5 million at the same period in 2008 Nil debt: Continued debt-free operationSales: $10.4 million, down from $15.1 million for the same period in 2008 To view full financials, click here. Summary of Results Carmanah, like most businesses, has not been immune from the global economic downturn, but significant sales growth in its key strategic markets indicate a continued and growing demand for the company's cost-effective solar-LED lighting products.Solar LEDs power up Carmanah sales
Carmanah Technologies Corp. has lit up the parking lot at NASA and now aims to light up streets all over the world with its foray into solar-powered LED street lighting. And with billions of street lights scattered all over the globe and government infrastructure stimulus expected to come through, early signs of wider sales are positive. Ted Lattimore, Carmanah chief executive, said the company's strategic sales jumped 20% in the second quarter from a year earlier, largely the result of the introduction of its EverGEN outdoor lighting, a product that attracted the attention of NASA. "We've never seen anything like that before," Mr.Carmanah announces release date for 2009 Q2 financial results and conference call
VICTORIA, BRITISH COLUMBIA, CANADA (August 8, 2009) Carmanah Technologies Corporation (TSX:CMH) will release its second quarter financial results for the three-month period ending June 2009 on Monday August 10th, 2009 at 1:00 pm PT (4:00pm ET). To discuss these results, Carmanah has scheduled a conference call and webinar for 2:00 pm PT (5:00 pm ET) that day.