Carmanah Announces Results of Annual General Meeting

 

VICTORIA, BRITISH COLUMBIA, CANADA (May 21, 2013) Carmanah Technologies Corporation (TSX: CMH) (“Carmanah” or the “Company”) today announced that at its annual general meeting held on April 30, 2013, the five directors nominated by management were elected and each of Messrs. Cruickshank and Nocente received more “withheld” votes than votes “for.” Pursuant to Carmanah’s majority voting policy, following the meeting, each of Messrs. Cruickshank and Nocente have offered to resign from the Board of Directors. During a period of up to 90 days from the date of the annual general meeting, the Board of Directors will consider each such resignation and announce its decision in accordance with the process stipulated in the majority voting policy.

 Detailed voting results for the election of directors at the meeting are as follows:

Nominee

Votes For

% For

Votes Withheld

% Withheld

Robert Cruickshank

5,197,263

27.32%

13,824,820

72.68%

Bruce Cousins

18,815,416

98.91%

206,667

1.09%

Bob Wiens

18,757,021

98.61%

265,062

1.39%

Peter Berrang

17,449,123

91.73%

1,572,960

8.27%

Daniel Nocente

7,634,134

40.13%

11,387,949

59.87%

 

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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 transportation 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.

 

 

For further information:

 

Investors:

Investor Relations: Roland Sartorius (CFO)

Toll-Free:  1.877.722.8877

investors@carmanah.com

Media:

Public Relations: Natasha Bartlett

Tel:  +1.250.412.8315

nbartlett@carmanah.com

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 in this news release include statements about the resignations of Messrs. Cruickshank and Nocente from the Board of Directors of the Company, the decision of the Board of Directors regarding the resignations of Messrs. Cruickshank and Nocente, and the delivery of strong and effective products for transportation applications worldwide, and the performance of such products.

 

With respect to the forward-looking statements contained in this news release, Carmanah has made numerous assumptions, including assumptions regarding Carmanah’s ability to continue delivery of its products.  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 Board of Directors of the Company may or may not accept the resignations of Messrs. Cruickshank and Nocente from the Board of Directors; Carmanah’s ability to continue delivery of its products, and the standard of quality of such products, may be negatively affected by numerous risk factors and uncertainties, as disclosed 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. 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.