28.06.12

Carmanah Technologies: PowerStream Order

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Carmanah Technologies Corporation has been awarded a $1.1M (CAD) order from PowerStream Inc to design and install two additional turnkey roof mounted solar photovoltaic (PV) systems in Markham, Ontario. Installation of the combined 220kW capacity will begin immediately at Milliken Mills Community Centre and R.J. Clatworthy Arena. These are the third and fourth contracts awarded to Carmanah by PowerStream Inc in the Town of Markham, since December 2011.

PowerStream has selected Carmanah as the Engineering Procurement Construction (EPC) service provider on four of their Feed-In Tariff (FIT) projects to date. Most notably, Carmanah's 350kW PV system at Thornhill Community Centre was launched by Markham's Mayor, Frank Scarpitti, in February. Currently, a 285kW rooftop solar array is under construction at the Mount Joy Community Centre, awarded to the Company by PowerStream last month.

"Carmanah has the capacity to oversee multiple and complex projects to keep up with the growing demand for rooftop PV systems in Ontario," states Bruce Cousins, Carmanah CEO. "We are thrilled to have accomplished so many installations in Markham and continue to grow our partnerships with these progressive municipalities and Local Distribution Companies."

Collectively, Carmanah's five PV generating facilities in Markham have a rated capacity of approximately 1.1MW and are estimated to produce 1.3MW hours of renewable solar energy annually. These highly efficient grid-tie systems will offset the equivalent of 362 tonnes of carbon emissions in the community each year. The Town of Markham has been prolific in their adoption of the Ontario Power Authority's FIT Program, which allows the energy generated to be sold back into the electrical distribution grid.

"With this latest solar install, Markham will have 1105kW of rooftop solar projects on our facilities. We're committed to making Markham one of the greenest and most sustainable communities to live in North America," said Mayor Scarpitti, who also serves as Chair of PowerStream. "Our solar projects reduce greenhouse gases and conserve energy, and they also generate revenue through Ontario's Feed-In Tariff program."   

Carmanah is a member of the Canadian Solar Industries Association (CanSIA) and specializes in professionally engineered solutions for commercial rooftop photovoltaic systems that meet the latest requirements of Ontario's Feed-In Tariff program (FIT). For more information on this or other projects, please contact Richard Wayte at rwayte@carmanah.com or visit www.carmanah.com/grid-tie.

About Carmanah Technologies Corporation

Carmanah Technologies Corporation is a global provider of renewable and energy-efficient technologies. From its headquarters in Victoria, British Columbia, Canada, and office in Toronto, Ontario, the company's Grid-Tie division oversees the design, supply, and installation of solar photovoltaic grid-tied systems for commercial, industrial and institutional applications. As one of the most trusted EPC contractors in Canada, Carmanah has installed more than 60 solar power systems in Canada, including the Dr. David Suzuki Public School, and the Jean Canfield Government Building in Prince Edward Island - named Canada's 2008 Solar Project of the Year by the Canadian Solar Industries Association (CanSIA). Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH". For more information, visit www.carmanah.com.

About PowerStream Inc.

PowerStream Inc. is the second largest municipally-owned electricity distribution company in Ontario, delivering power and related services to approximately 340,000 customers residing or owning a business in communities located immediately north of Toronto and in Central Ontario. In addition to electricity distribution, the company also operates a renewable generation business throughout Ontario under the name PowerStream Solar. PowerStream Inc. is an incorporated entity, jointly owned by the City of Barrie, the City of Vaughan and the Town of Markham.

About Town of Markham

Markham, a municipality of more than 310,000 residents centrally located in the Greater Toronto area, is Canada's most diverse community and home to many of Canada's leading life science and technology businesses. Recipient of a 2010 Canada Award for Excellence - Silver for outstanding achievements in quality, customer service, and a healthy workplace, Markham is renowned for its rich heritage, vibrant neighbourhoods and leadership on the environment and urban design.

Investor Relations:
Roland Sartorius, CFO
Toll-Free:  1.877.722.8877
investors@carmanah.com
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