Victoria, British Columbia, Canada - Wednesday, September 1, 2004 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that it has received a Cdn$178,000 order for solar-powered LED bus stops from the Los Angeles County Metropolitan Transportation Authority, the fifth largest transit agency in the United States.
"Strategically, Los Angeles County is an important installation for our Company," states Art Aylesworth, Carmanah's CEO. "When combined with the solar-powered LED shelter lighting and other i-STOPTM installations we have in the region, Carmanah's technology is well showcased in California. This increases the potential for future orders and reorders from surrounding municipalities."
Los Angeles County is one of the largest, most populous counties in the United States. More than 9.6 million people, or nearly one-third of California's residents, live and work within the transit authority's 1,433-square-mile service area.
i-STOPTM Sales Update
The i-STOPTM is enabling progressive transit agencies, such as Los Angeles County, to improve the safety and comfort of passengers and operators in an environmentally friendly and cost-effective way. Carmanah's solar-powered illuminated bus stop product is currently installed with more than 70 transit authorities throughout North America and abroad. Additional recent i-STOPTM customers include:
- Antelope Valley, CA
- Tri Delta Transit, Antioch, CA
- Clallum Transit, Port Angeles, WA
- Dallas Area Rapid Transit, Dallas, TX
- King County Metro Transit, Seattle, WA
- Regional Transportation Commission, Reno, NV
- City of West Covina, CA
Several customers, including Fresno, CA, Riverside, CA, and Pierce County, WA, have also made repeat orders following successful trials.
There are more than 2,200 transit agencies in the U.S. - representing a substantial market opportunity for Carmanah. Prospects became even stronger when, in April 2004, the U.S. government passed its TEA 21 reauthorization bill providing $51.5 billion in guaranteed transit funding over six years.
How the i-STOPTM Works
The i-STOPTM is a fully integrated, solar-powered illuminated bus stop offering up to three unique LED-based features: (1) a security light, (2) an edge-lit illuminated schedule, and (3) a signal device for notifying bus operators when a stop is necessary. The i-STOPTM provides these capabilities in a modular design that is extremely compact, durable and cost-effective. Carmanah's patented MICROSOURCETM intelligent power management ensures the system is reliable year round at practically any location in North America.
In June 2004, The Canadian Urban Transit Association (CUTA) selected Carmanah's i-STOPTM for the "2004 CUTA Corporate Award for Innovation". In March 2004, Carmanah's solar-powered LED bus stop was a runner-up at the Lighting Design Awards in the U.K. For more information, please visit www.transitlights.com.
Carmanah is an award-winning manufacturer specializing in patented solar-powered LED lighting solutions for commercial applications in the transit, marine, aviation, roadway and industrial worksite markets. The Company currently has more than 100,000 units installed in 110 countries. The shares of Carmanah Technologies Corporation (parent company) are publicly traded on the TSX Venture Exchange under the symbol "CMH" and on the Berlin and Frankfurt Stock Exchanges under the symbol "QCX". For more corporate information, please visit www.carmanah.com.
On Behalf of the Board of Directors,
Carmanah Technologies Corporation
Praveen Varshney, Director
For further information, please contact:
Mr. Mark Komonoski, Director
Mr. David Davies
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in Carmanah's Annual Report for the fiscal year ended December 31, 2003, as filed with the U.S. Securities and Exchange Commission and which are incorporated herein by reference. These risks and uncertainties are also described under the caption "Risk Factors" in Carmanah's Annual Information Form dated December 31, 2003, as filed with the British Columbia Securities Commission and which are incorporated herein by reference. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.