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Carmanah Divests of Road-Signs Inventory
and Related Obligations

Canadian solar-powered LED lighting company to focus on strategic solar technology markets

Carmanah Technologies Corporation Press Release

FlashlightNews.org - 2/18/2009
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LED Illuminated Street Sign

LED Illuminated Street Sign

VICTORIA, Canada - Carmanah Technologies Corporation (OTCBB: CMHXF.PK), has signed a definitive agreement with Temple Inc. of Decatur, Alabama, whereby Temple has purchased the inventories and other assets of Carmanah's illuminated road signs business.

According to the agreement, Temple will purchase Carmanah's road signs business including product inventory, associated marketing material, and customer and vendor lists. To ensure an efficient transfer of processes and materials to Temple Inc., Carmanah will assist with the manufacturing and sales-support functions throughout the 90-day transition period. According to Carmanah CEO Ted Lattimore, this agreement underscores Carmanah's continued focus on its strategic solar power and solar LED lighting markets.

"While the road-signs business represents a unique and significant opportunity, this divestiture will enable Carmanah to focus on its core strengths, while ensuring that this innovative technology can continue to fulfill its potential as a bright and effective roadway enhancement," said Carmanah CEO Ted Lattimore. As an LED (light emitting diode) alternative to traditional street and traffic signs, Carmanah's innovative edge-lit design combines reduced installation and maintenance costs with improved visibility, reliability, durability and energy efficiency over conventional fluorescent signage.

"We're pleased to extend this opportunity to Temple," said Lattimore. "As one of Carmanah's top distributors, Temple has consistently demonstrated its industry knowledge, technical expertise, and commitment to customer satisfaction. In this new capacity, Temple can continue to provide illuminated roadway signs to Carmanah customers and distributors, while further developing the business to reach new customers," said Lattimore. Carmanah edge-lit signs are currently in use within every province and state across North America.

"Having had the opportunity to work with Carmanah's edge-lit roadway signs for a few years now, we've been consistently impressed with the durability and effectiveness of this product," said Blake Temple, CEO of Temple Inc. "It's bright, clear and easy to see - even from a distance or in low-visibility conditions. We've had a great response from our customers on this product, so we're very happy to add LED street and traffic signs to the Temple product line."

For more information, visit Carmanah at carmanah.com or Temple, Inc. at temple-inc.com.

About Temple Inc.

Now in its 56th year in the traffic control industry, Temple, Inc. is one of the leading traffic control suppliers and manufacturers in the southeastern United States. Temple, Inc. is a privately owned family-held corporation. For more information, visit temple-inc.com.

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.

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