Carmanah Wins "Technology Company of the Year" Award

Vancouver, BC, Canada - (October 21, 2004) - Carmanah Technologies Corporation (TSX VE: CMH; Berlin and Frankfurt Stock Exchanges: QCX), is pleased to announce that it was awarded VIATeC's Technology Company of the Year award on September 19th, 2002 to a sold-out awards presentation dinner. The award recognizes Carmanah's exceptional growth and productivity in the last year, as well as the Company's commitment to excellence in the field of solar-powered LED technology.

"We are truly overwhelmed to receive this award," states Mr. Chuck Francis, Carmanah's Chief Operating Officer who accepted the award. "There are a number of outstanding, world-class technology organizations on Vancouver Island, and we are proud to be recognized among them. It has been the outstanding dedication of the entire Carmanah team that has enabled the company to achieve its level of success to-date. Every staff member and all stakeholders associated with Carmanah should take pride in this award."

To qualify as a "Company of the Year" award candidate, a technology company must have been in business for a minimum of three years. The organization must demonstrate excellence through innovation, increasing profitability and sound business fundamentals. Also considered are a company's commitment to the technology sector on Vancouver Island and its involvement in the community. A confidential process is used to validate key performance data.

About VIATeC

VIATeC is a not-for-profit, industry-driven organization that actively promotes and supports the advanced-technology industry on Vancouver Island. VIATeC's mandate is to facilitate the development of Vancouver Island as a global centre of excellence for advanced technology.

On Behalf of the Board of Directors
Carmanah Technologies Corporation

 

Praveen Varshney, Director

For further information, please contact.

Media Contact:
Mr. David Davies
Harbourwerks Communications
Telephone: (250) 382-4332
E-mail: ddavies@harbourwerks.com

Corporate Contact:
Mr. Praveen Varshney, Director
Telephone: (604) 629-0264
Toll-Free: 1-866-629-0264
Fax: (604) 682-4768
E-mail: investors@carmanah.com

Investor Relations Contact:
Vanguard Shareholder Solutions
Telephone: (604) 608-0824
Toll-Free: 1-800-567-6223
Fax: (604) 601-2004
E-mail: ir@vanguardsolutions.ca