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CARMANAH TECHNOLOGIES PARTNER IN U.K.
ROLLS OUT TRANSPORTATION ORDERS OF $200,000
Victoria, British Columbia -- March 26, 2002 -- Carmanah Technologies Corporation (CDNX: CMH), announced today the company has received orders for its new solar powered LED transportation products for $200,000 from Solagen Ltd. (U.K.) designed to fast track innovative solar light emitting diode (LED) solutions from Carmanah to transportation organizations throughout the United Kingdom and Europe.
The transportation and transit markets in the U.K. represent a huge opportunity for Carmanah and Solagen," states Art Aylesworth, Carmanah's CEO.
Each year, England alone spends over 200 million on maintenance, public lighting and safety for its share of Great Britain's 390,000-kilometer road system. Carmanah's proven solar LED technology adapts well to a range of products for this market -- low cost, low-maintenance and long lasting with an autonomous light and power source.
Solagen is exclusively marketing products jointly developed with Carmanah, and will sell direct into the U.K.'s local government Traffic and Transportation sector as well as to highway contractors, schools and bus operators. Solagens order, which will be filled by the end of March, was for solar powered LED school crossing flashers, and bi-directional road hazard marker posts.
"We are increasing our sales force significantly to cope with the demand," states Solagen Director, David Barraclough. Solagen was attracted to Carmanah because of its intellectual property and the strength of its patents.
The European market will get a close look at all of Carmanahs new solar powered LED products for the transportation industry at the Intertraffic Trade Show in Amsterdam in April 2002.
About Carmanah Technologies Inc.
Carmanah specializes in the design, manufacture and supply of patented, proprietary solar-powered LED lighting solutions for marine, railway and roadway markets. The company currently has distributors in over 80 countries worldwide and more than 40,000 units 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, please visit www.carmanah.com.
On Behalf of the Board of Directors
Carmanah Technologies Corporation
Praveen Varshney "
Praveen Varshney, Director
For further information, please contact:
Corporate Contacts:
Mr. Praveen Varshney, Director
Tel: (604) 629-0264
Toll-Free: 1-866-629-0264
Media Contact:
Mr. David Davies
Harbourwerks Communications
Tel: (250) 382-4332
ddavies@harbourwerks.com
Investor Relations Contact:
Vanguard Shareholder Solutions
Tel: (604) 608-0824
Toll-Free: 1-800-567-6223
ir@vanguardsolutions.ca
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