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. The partnership will enable flexibility and responsiveness in meeting market demands while providing high-performing solar LED lighting solutions within a cost framework the market expects. With an increased ability to service the market with durable, reliable solar LED lighting, and providing increased job opportunities for Dubai residents, the manufacturing partnership will provide significant benefits for the partnering companies and the community.
“We are pleased to partner with PTL Solar to create the first ‘Powered by Carmanah’ solar LED lighting solution,” said Ted Lattimore, Carmanah CEO. “As the leading Carmanah distributor, PTL Solar brings a wealth of information and local knowledge to the partnership. In addition to their expertise, PTL also offers a centralized location and an established distribution base which we expect will create an increased presence for Carmanah in the marketplace.”
Prabissh Thomas, PTL Solar, Managing Director said, “We offer the best energy solutions customized to meet any power requirement. Individuals as well as corporations and governments, are becoming more educated on the importance of conserving energy and utilizing sustainable resources. As our list of clientele continues to expand, we have decided to partner with a world leader in solar LED technology to secure our supply of reliable solar technology.
Solar-powered LED lights that are manufactured at our facility will offer value for money and will provide cost-effective instant lighting solutions using high-quality components. We are confident our partnership with a pioneering company such as Carmanah will bring enormous benefits to the region.”
Powered by Carmanah solar technology and incorporating LED fixtures by RUUD lighting, the solar LED lighting solutions will provide stand-alone lighting that functions completely free from electrical grid connections, providing highly reliable illumination for a variety of outdoor lighting applications including streets, parking lots and residential areas. At the forefront of lighting innovations, LED technology offers a performance life of up to 100,000 hours and has a low power draw: making it an ideal match for solar power. The Middle East offers a favourable solar environment, allowing for the easy implementation of solar LED technology in virtually any location.
About Carmanah Technologies Corporation
As one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide. Industry proven to perform reliably in some of the world’s harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol “CMH”. For more information, visit carmanah.com.
About PTL Solar™
PTL Solar is Middle East and Africa’s most reliable solutions provider of solar and renewable energy products and has maintained its market stronghold in the Middle East and Africa, providing a complete range of solutions for solar street light, solar billboard light, solar flood light and solar solutions for road, airport, marine, industrial (oil and gas, telecommunication), commercial, government, military, rural development, residential and customized applications. For more information log on to www.ptlsolar.com.
Carmanah Technologies Corporation
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Forward Looking Statements
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will” or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Carmanah to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption “Note Regarding Forward-looking Statements” and “Key Information – Risk Factors” and elsewhere in Carmanah’s Annual Report for the fiscal year ended December 31, 2008, as filed on SEDAR at www.sedar.com. The risk factors identified in Carmanah’s Annual Report are not intended to represent a complete list of factors that could affect Carmanah. Accordingly, readers should not place undue reliance on forward-looking statements. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.