Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today announced that Ms. Sara Elford is joining its Board of Directors.
Ms. Elford graduated from Bishop’s University in 1994 with a Bachelor of Business Administration and became a CFA Charterholder in 1997. During her almost 20-year career as a Sell-Side Analyst, Ms. Elford focused on Sustainability and Special Situations. From 1998 until her resignation this year, Ms. Elford was employed by Canaccord Genuity where she was consistently ranked by Brendan Wood International and also named in the top two for stock picking by Starmine six times since 2003. In her capacity as a Sell-Side analyst, Ms. Elford provided research coverage of Carmanah for over a decade, and brings a perspective that could not be easily matched
“We are delighted to have Sara join our Board,” said Michael Sonnenfeldt, Chairman of the Board. “She brings a wealth of knowledge and ability but also a deep understanding of Carmanah gained from both her close observation and coverage of our company over an extended period of time. Her commitment to sustainability, sound management, as well as her exceptional analytical skills, which have been recognized by her industry, will be a terrific addition to Carmanah’s Board. We couldn’t be more excited.”
Ms. Elford is a member of the FTSE Environmental Markets Committee and recently completed the academic requirements for the ICD.D designation of the Institute of Corporate Directors. Ms. Elford’s appointment to the Carmanah Board is effective immediately.
About Carmanah Technologies Corporation
Headquartered in Victoria, British Columbia, Carmanah produces a portfolio of products focused on energy optimized LED and solar technologies. We design, develop and distribute energy efficient LED solutions for infrastructure including: signaling systems for the marine aids to navigation, airfield ground lighting, offshore wind marking, aviation obstruction and traffic markets. Carmanah’s product portfolio also includes industrial and commercial solar powered outdoor LED lighting systems, and solar on and off-grid power generation systems. Since 1996, we have earned a global reputation for delivering strong and effective products for industrial applications that perform reliably in some of the world’s harshest environments. Our LED and solar power systems provide durable, dependable, efficient and cost-effective solutions which have been deployed in over 400,000 installations in 110 countries. The Carmanah brand portfolio includes Go Power! and recently acquired companies, Sol and Sabik.
Carmanah Technologies Corporation:
Evan Brown, (250) 380-0052
Chief Financial Officer/Corporate Secretary
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 or Sabik to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such factors include, but are not limited to: our ability to become a worldwide leader in the marine aids to navigation industry, the potential growth of the off shore wind safety market or our ability to participate in any growth and other general uncertainties that may impact actual outcomes. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. Carmanah disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
For additional information on these risks and uncertainties, see Carmanah’s most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company’s website at www.carmanah.com. The risk factors identified in Carmanah’s AIF and MD&A are not intended to represent a complete list of factors that could affect Carmanah.