Carmanah Wins National Environmental Award for Export Performance

Canadian Institute of Energy Award

Mr. Art Aylesworth, CEO, presenting Carmanah's solar-powered LED products at the GLOBE 2004 Conference. From left to right: Mr. Art Aylesworth; Mr. David Reddaway, British High Commissioner for Canada; Honourable David Anderson, Minister of the Environment, Canada; Honourable Paul Martin, Prime Minister of Canada.

Vancouver, British Columbia, Canada - Monday, April 5, 2004 - Carmanah Technologies Corporation (TSX Venture: CMH) is pleased to announce that it received the Industry Award for Export Performance at the 2004 GLOBE Awards held in Vancouver, British Columbia on April 2, 2004.

As Canada's highest profile national environmental awards, the GLOBE Awards are presented by The GLOBE Foundation of Canada and honours Canada's most influential and respected environmental corporations.

"The Globe Awards could be considered the 'Oscars' for Canadian environmental innovation", states Carmanah's CEO, Mr. Art Aylesworth. "The Industry Award for Export Performance represents the most significant and prestigious national award received by Carmanah to-date, and all members of our staff are very proud of the achievement."

Across Canada, eligible corporations were short-listed down to 20 finalists. Six awards were then presented, according to the following environmental categories:

  • THE CORPORATE COMPETITIVENESS AWARD:
    • Alcan Inc.
    • Toyota in Canada
    • Dupont Canada
    • Suncor Energy Inc.
  • RECIPIENT OF GLOBE AWARD: Toyota In Canada
  • THE INDUSTRY ASSOCIATION AWARD FOR ENVIRONMENTAL PERFORMANCE:
    • Canadian Urban Transit Association
    • Canadian Steel Producers Association
    • The Canadian Plastics Industry Association
  • RECIPIENT OF GLOBE AWARD: Canadian Urban Transit Association
  • THE INDUSTRY AWARD FOR EXPORT PERFORMANCE:
    • Carmanah Technologies Inc.
    • Fuelling Technologies Inc.
    • Trojan Technologies Inc.
    • Lotek Wireless Inc.
  • RECIPIENT OF GLOBE AWARD: Carmanah Technologies Inc.
  • THE CORPORATE AWARD FOR TECHNOLOGY INNOVATION:
    • Xantrex Technology Inc.
    • EcoTrans Technologies
    • GPS Gas Protection Systems Inc.
  • RECIPIENT OF GLOBE AWARD: Xantrex Technology Inc.
  • THE CAPITAL MARKETS AWARD FOR SUSTAINABLE INVESTMENT AND BANKING:
    • Innovest Strategic Value Advisors
    • The Ethical Funds Company
    • Cleantech Venture Network
  • RECIPIENT OF GLOBE AWARD: Innovest Strategic Value Advisors
  • THE AWARD FOR EXCELLENCE IN BROWNFIELD REDEVELOPMENT:
    • Canada Lands Company. Moncton Shops Project
    • Low-level Radioactive Waste Management Office. Port Hope Waterworks Remediation Project
    • Nexen Inc. and Nexen Chemicals. Squamish Chemical Plant Site
  • RECIPIENT OF GLOBE AWARD: Canada Lands Company - Moncton Shops Project

The Awards Panel included some of Canada's most respected business and environmental leaders: Robert A. Fung, chairman of the Toronto Waterfront Revitalization Corporation; Patricia McCunn-Miller, former Vice President, Environment and Regulatory Affairs for EnCana Corporation; Ken Ogilvie, Executive Director of Pollution Probe, one of Canada's most distinguished environmental groups; and Dr. Michael Raymont, Vice-President, Technology and Industry Support, with the National Research Council of Canada.

The GLOBE Awards and Gala dinner capped off GLOBE 2004, which ran from March 31 to April 2, 2004 at the Vancouver Convention and Exhibition Centre. GLOBE is North America's most important environmental business summit, held biennially in Vancouver, Canada. For more information, visit www.globe2004.com. For more information about the Globe Awards, visit www.theglobeawards.ca.

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.