Vancouver, British Columbia – April 26, 2002 – Carmanah Technologies Corporation (CMH – TSX Venture Exchange) is pleased to announce that the installation of over 400 units of its Model 601 solar LED (light emitting diode) navigation lights is underway in the Ha Long Bay and Hai Phong Harbour of Northern Vietnam.
The installation is the result of a contract awarded to Carmanah on July 12th, 2001 by the Vietnam Inland Waterway Administration (VIWA). The contract is part of Vietnam’s initial efforts to upgrade the illumination of its waterways.
Art Aylesworth, C.E.O. of Carmanah, states, “Significant opportunities remain for these types of modernization projects in the region. This initial contract provides confirmation that the performance, quality and reliability of our products are being recognized internationally. We are confident that we will successfully compete as additional tenders arise.”
To ensure the installation process progresses smoothly, Carmanah provided two weeks of comprehensive training at its Canadian manufacturing facilities for a delegation of field engineers and managers from VIWA. The training was completed on September 8th, 2001 and comprised all aspects of installation and operation of Carmanah’s marine lights.
About the Vietnam Inland Waterways Authority and its Port Rehabilitation Project
Vietnam is strategically located to become an important transshipment centre for Southeast Asia. With over 32,000 kilometres of coastline and more than 11,000 kilometres of inland rivers and canals, the potential for waterborne transportation and shipment is enormous. The Government of Vietnam is committed to investing US$84.9 million in port development and shipping infrastructure, as well as upgrading and modernization of its current merchant vessel fleet. Such ports as Hai Phong, Da Nang, Vung Tau, Saigon (Vietnam’s largest), Thi Vai, and Phu My (the first private port), are already under expansion.
About Carmanah Technologies Inc.
Carmanah specializes in the design, manufacture and supply of patented, proprietary solar-powered LED lighting solutions for marine, roadway and railway markets. Established in 1996 and headquartered in Victoria, British Columbia, Canada, the company currently has distributors in over 80 countries worldwide and approximately 32,000 lights installed to-date. The shares of Carmanah Technologies Corporation (parent company) are publicly traded on the Canadian Venture Exchange under the symbol “CMH”. For further information on the company’s products and services visit www.carmanah.com.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
On Behalf of the Board of Directors,
Carmanah Technologies Corporation
“Praveen Varshney”
Praveen Varshney
Director
For further information, please contact:
Investor Relations:
Mr. Praveen Varshney, Director
or Mr. Aly Mawji, Corporate Communications
Carmanah Technologies Corporation
1304-925 West Georgia Street
Vancouver, British Columbia, Canada V6C 3L2
Telephone: (604) 629-0264
Toll-Free: 1-866-629-0264
E-mail: investors@carmanah.com
Media Relations:
Mr. David Davies
Harbourwerks Communications
Telephone: (250) 382-4332
E-mail: ddavies@harbourwerks.com