VICTORIA, British Columbia--(BUSINESS WIRE)--The City of Los Angeles has selected Carmanah’s EverGEN 1710 solar powered lights in an order of 140 systems to illuminate a new pathway on a public road in the San Fernando Valley. Improving safety and furthering the City’s commitment to sustainability and energy savings, the Carmanah EverGEN 1710 was down-selected for the project to light over 1km of new path along San Fernando Road in Los Angeles. Chosen by the City on the basis of form, function and a GPS and radio-enabled networking capability that can allow for remote system monitoring, activation and control, the EverGEN 1710 is an advanced outdoor lighting system for municipalities and organizations seeking sustainable lighting as well as installation cost savings. Once fully installed in early 2013, the City of LA will have employed almost 300 of Carmanah’s solar-powered 1710 lights which will illuminate 6km (4m) of commuting pathways.
In 2009, the City began employing Carmanah EverGEN systems for pathway applications following an experience with reoccurring copper theft along the LA City River from grid-powered wired lighting fixtures. The copper theft eventually left portions of the path dark and incurred costs to replace wiring as a result. In the move from grid-powered AC HID (high intensity discharge) fixtures, Officials at the City of Los Angeles have been working with Los Angeles lighting agents, David Silverman & Associates and their solar lighting manufacturing provider, Carmanah Technologies, to source a reliable and certified solution. The City selected a solution in the EverGEN 1710, which would allow the City to avoid high installation costs while eliminating the possibility of future copper theft as a result of zero wiring. Since 2009, the City has continued to invest in sustainable lighting solutions with this most recent project.
Bruce Cousins, CEO of Carmanah comments, “Los Angeles represents a satisfied, repeat customer who is demonstrating the success of the technology as well as the value proposition of the product.”
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 industrial 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.
Carmanah Technologies Corporation
Roland Sartorius, Chief Financial Officer
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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 are generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “budgets,” “could,” “estimates,” “expects,” “forecasts,” “projects” and similar expressions, and the negative of such expressions. Forward-looking statements in this news release include statements about the reliability and attributes of Carmanah’s solar LED lights and solar power systems; and Carmanah’s strategy, future operations, prospects and the plans of management; additional product sales opportunities; increased top line revenue; and extending existing product lines through internal development efforts, strategic business relationships as well as focused acquisitions.
With respect to the forward-looking statements contained in this news release, Carmanah has made numerous assumptions regarding, among other things, that the Company’s proprietary EverGEN 1710 solution presented a compelling off-grid, sustainable lighting solution; and additional product sales result in increased top line revenues. 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 products contemplated in this sale may not be completed or function as currently anticipated, or the installations may not be completed in the timeframe contemplated and general risks related to the competitive environment, competition with other energy sources, technological changes, anticipated adoption rates for Off-Grid LED lighting; ability to manage expansion effectively, foreign exchange, reliance on third party manufacturers, reliance on outside agents and distributors, reliance on key employees, intellectual property risks, environmental and regulatory compliance, government contracts and subsidies, product quality and reliability and warranty liability risk, downturn in economic and market conditions, liquidity and capital requirements, litigation risk, potential reorganization of operations or product offerings, and geopolitical and other global or local events; there can be no assurances that the Company can increase or maintain current top line revenue; there can be no assurances that the Company will achieve additional product sales; and there can be no assurances the Company can extend existing product lines through internal development efforts, strategic business relationships and focused acquisitions.
A more complete discussion of the risks and uncertainties facing Carmanah appears 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 and on the Company’s website at 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.
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