ICP Solar: Agreement with Integrated Metering Systems

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ICP Solar Technologies Inc., a developer, manufacturer and marketer of proprietary solar panels and products, announced that the Company has reached an agreement with Integrated Metering Systems (IMS) of Largo, Florida to market the GreenMeter™ in North America in conjunction with IMS technology – providing an accurate, reliable means for net metering. IMS has been manufacturing electric submeters since 1989 for a variety of applications.

Through this agreement, ICP Solar’s GreenMeter™ will be able to integrate with IMS kWh Meters and allow for a more precise reading of electricity consumption and production – meeting or exceeding requirements for revenue grade monitoring or solar subsidy programs worldwide. Sales of the combined system are expected to begin later this quarter.

“Having the ability to offer a revenue grade solution to the global market that is accurate and reliable has been a key goal for ICP Solar,” said Sass Peress, CEO. “The GreenMeter™ will now be able to monitor energy usage data with greater precision and instantaneously provide this information to the web – where clients can access the analysis anywhere in the world.”

A demonstration of this unique application can be viewed at www.icpca.solarvu.net under the “Live” tab.

“We are very pleased to be working with ICP Solar to increase the applications for our metering products and introduce our systems to the solar marketplace,” said Charlie Wilde, President of IMS. “Given the increasing demand for alternative energy solutions and net metering installations, we see this as a natural extension of our product lines with one of the leaders in the field.”

About ICP Solar Technologies, Inc.

ICP Solar is a developer, manufacturer and marketer of solar panels, solar cell based products, solar monitoring software and solar power management solutions. Through the application of its own intellectual property and next-generation technologies, the Company aims to be the solar industry's innovation leader. For the past 20 years, ICP Solar has been a lead innovator in the consumer solar market and has now begun to apply that same innovation philosophy to the OEM, rooftop and power generation segment of the solar industry. ICP Solar's management has over 50 years of experience in the renewable energy sector. ICP Solar markets its products under its Sunsei® brand of solar products and is the North American licensee of the Coleman® brand in the solar charger category. ICP Solar is also helping the environment by offering these solar technologies and green solutions to the renewable energy sector. The company's headquarters are located in Montreal, Canada, with an R&D center in St. John’s Canada and additional locations in the USA, Ireland, France and the UK. Additional information may be found at www.icpsolar.com.

About Integrated Metering Systems, Inc.

Integrated Metering Systems (IMS) has been manufacturing single phase, 2-phase and 3-phase electric submeters since 1989 for apartment buildings, shopping centers, hospitals, universities, office buildings, industrial applications, marinas, and campgrounds, among other applications. The company has grown to become a national manufacturer and distributor. Additional information may be found at www.imsmeters.com.

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 ICP Solar Technologies Inc. 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 which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in ICP Solar Technologies Inc.’s Annual Report for the fiscal year ended January 31,2008, as filed on EDGAR at www.sec.gov. The risk factors identified in ICP Solar Technologies Inc. Annual Report are not intended to represent a complete list of factors that could affect ICP Solar Technologies Inc. Accordingly, readers should not place undue reliance on forward-looking statements. ICP Solar Technologies Inc. does not assume any obligation to update the forward-looking information contained in this press release.


Contact:
ICP Solar Technologies Inc.
Sass Peress, 514-270-5770
Chief Executive Officer
or
ICP Solar Investor Relations:
Chris Witty, 646-438-9385
cwitty@darrowir.com

Source: ICP Solar Technologies Inc.

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