2012-12-21 19:52:25 -
Victoria, British Columbia CANADA, December 21, 2012 /FSC/ - Carmanah Technologies Corporation (CMH - TSX)
Airfield lighting partners Carmanah Technologies (TSX:CMH), ADB Airfield Solutions and Brazilian distributor AVIEX Importacao have been selected to supply five emergency-deployable, solar-powered airfield and helipad lighting systems to the Brazilian Air Force at a value of over $400,000.
The fully portable lighting systems will be stored at the Brazilian Air Force Command Centre and are designed to be easily deployed at offsite locations as operational requirements change. All systems include durable deployment containers to ensure safe transportation and storage. Each airfield and helipad is also equipped with a rugged radio controller to allow for remote activation, in-field programming, and on-demand switching between standard and infrared
night operations modes.
"Carmanah's technology offers our military clients a practical solution to meet the realities of tactical and emergency operations. Rapid deployment is often necessary in remote and under-serviced locations. Solar airfield lighting ensures that essential access can be maintained around the clock anywhere there is a safe landing surface, regardless of the availability of traditional power sources," said Steve Rauch, President and CEO of ADB Airfield Solutions, LLC.
"This transaction underscores the strength of our partnership with ADB and our continuing relationship with the Brazilian Air Force," said Carmanah CEO Bruce Cousins. "Carmanah's innovative solar airfield solutions for airfields and helipads are well-suited to military applications and are accepted and proven worldwide. We are pleased to see such a large order commitment, which we believe marks a shift in our close-rate of large Aviation projects. Future applications of solar technology within civil airfields remain a significant market opportunity for the company and a primary focus for the Aviation team."
About Carmanah Technologies
Carmanah Technologies Corp. 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 pursues its business strategy within six distinctive product offerings: outdoor lighting, marine signal, aviation signals, traffic signals, grid-tie and mobile. Carmanah is actively seeking additional product sales opportunities to add to its top line revenue, as well as extending existing product lines through internal development efforts, strategic business relationships as well as focused acquisitions. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH".
For more information, visit www.carmanah.com.
About ADB Airfield Solutions
ADB is the world's leading airfield lighting technology company in the FAA and ICAO markets providing advanced, integrated and sustainable solutions for visual guidance. With a world-wide presence for more than 60 years, ADB differentiates itself by offering an innovative portfolio and expertise which sets standards in safety, performance and quality that is supported by unparalleled levels of customer service. ADB is trusted as the preferred partner for airside operations. For more information about ADB, visit www.adb-airfieldsolutions.com.
For further information:
Investor Relations: Roland Sartorius, CFO
Public Relations: Natasha Bartlett
This news release contains "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements are generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could," "estimates," "expects," "forecasts," "projects" and similar expressions, and the negative of such expressions. Forward-looking statements in this news release include statements about the reliability and attributes of Carmanah's solar LED lights and solar power systems; and Carmanah's strategy, future operations, prospects and the plans of management; additional product sales opportunities; increased top line revenue; and extending existing product lines through internal development efforts, strategic business relationships as well as focused acquisitions.
With respect to the forward-looking statements contained in this news release, Carmanah has made numerous assumptions regarding, among other things, that the Company's proprietary solar-powered airfield and helipad lighting systems both exceeded the lighting specifications required for the project and presented a compelling off-grid, sustainable lighting solution; and additional product sales result in increased top line revenues. While Carmanah considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Carmanah's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained herein. Known risk factors include, among others: the products contemplated in this sale may not be completed or function as currently anticipated, or the installations may not be completed in the timeframe contemplated and general risks related to the competitive environment, competition with other energy sources, technological changes, anticipated adoption rates for Off-Grid LED lighting; ability to manage expansion effectively, foreign exchange, reliance on third party manufacturers, reliance on outside agents and distributors, reliance on key employees, intellectual property risks, environmental and regulatory compliance, government contracts and subsidies, product quality and reliability and warranty liability risk, downturn in economic and market conditions, liquidity and capital requirements, litigation risk, potential reorganization of operations or product offerings, and geopolitical and other global or local events; there can be no assurances that the Company can increase or maintain current top line revenue; there can be no assurances that the Company will achieve additional product sales; and there can be no assurances the Company can extend existing product lines through internal development efforts, strategic business relationships and focused acquisitions.
A more complete discussion of the risks and uncertainties facing Carmanah appears in Carmanah's most recently filed Annual Information Form, Annual MD&A, and other continuous disclosure filings which are available on SEDAR at www.sedar.com and on the Company's website at Carmanah disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.
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