Carmanah Signs Exclusive Master Distributor Agreement with Go Deep International

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Source: Carmanah Technologies Corporation

Extending long-term relationship

VICTORIA, British Columbia--(BUSINESS WIRE)-- Carmanah Technologies Corporation (TSX: CMH) (Pink Sheets: CMHXF) announced today it has signed Go Deep International Inc. (“Go Deep”) as the exclusive Canadian Master Distributor for Carmanah/Sabik Marine. This three year agreement strengthens the 15 year relationship between Go Deep and Carmanah and underpins the Canadian market access for the Carmanah/Sabik Marine collaboration.

Carmanah/Sabik Marine is the joint initiative of Carmanah and Sabik Oy of Finland. The product suite includes a full range of industry leading marine aids to navigation; from self-contained one nautical mile buoy lanterns to omni-directional sector lights or nineteen nautical mile long range lights. Go Deep is now the exclusive Canadian Master Distributor of Carmanah/Sabik Marine products.

“Go Deep is one of Canada’s largest and most respected manufacturers and distributors of navigational buoys and solar navigational lights. They have an in depth understanding of the marine lighting industry in Canada and around the world,” states Bruce Cousins, Carmanah CEO. “Go Deep works very closely with the Canadian Coast Guard and represents a strong network of clients, customers, agents, and sub-distributors. This enhanced relationship provides the best available opportunity to grow market share and better serve the Canadian marketplace.”

“Go Deep sources products of the highest quality, designed to withstand the toughest marine conditions,” states Kent Ferguson, President, Go Deep International. “Carmanah/Sabik continues to develop new and innovative marine lighting solutions that meet the highest performance and durability standards. We look forward to future product offerings combing the technical innovation of these two marine lighting pioneers and to continuing to grow the aids to navigation business together.”

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.

About Sabik Oy

Sabik is a Finnish company with sister companies in Germany and Denmark. Sabik is in the business of enhancing safety for traffic at sea, on the road and on the railways. Sabik specializes in optical engineering, traffic telematic solutions and their components, and has accumulated knowledge in optics and microprocessor technology as well as in embedded and system level software. Sabik offers its clients the latest technical solutions and the technical support needed including installation and maintenance services.

Sabik is a certified ISO 9001:2008 Quality Assurance System as well as a IS0 14001:2004 Environmental Management system, and has been a member in IALA since 1992, currently representing the European industry within the IALA Industrial Members Committee. For more information about Sabik, visit www.sabik.com.

About Go Deep International Inc.

Go Deep International Inc. is Atlantic Canada's largest manufacturer and distributor of Navigation Buoys, Solar Navigation Lights and Shellfish Aquaculture equipment. Incorporated in 1997 Go Deep International services customers locally and internationally by developing new products to meet their specific needs. All products meet stringent quality control criteria ensuring the highest reliability, durability and safety standards are met. For more information about Go Deep International, visit www.godeepintl.ca.

This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will” or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Carmanah to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties. For additional information on these risks and uncertainties, see Carmanah’s most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company’s website at www.carmanah.com. The risk factors identified in Carmanah’s AIF and MD&A are not intended to represent a complete list of factors that could affect Carmanah. Accordingly, readers should not place undue reliance on forward-looking statements. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.

 

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