ICP Solar: Business in Africa

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ICP Solar Technologies Inc., a developer, manufacturer and marketer of proprietary solar panels and products, today announced that the Company has signed an agreement worth $500,000 for off-grid modules in Africa. Deliveries are expected to begin in January, 2009.

“We are very pleased to announce our first sales to Africa in years, where demand for solar systems has climbed rapidly in the past twelve months,” said Sass Peress, Chairman and CEO of ICP Solar. “We will be providing our proprietary modules for remote power generation in areas where, given the lack of reliable electricity but continuous availability of sunshine, we will make it possible for thousands of individuals to use portable power products and operate critically-needed equipment. These sales represent our re-entry into a market that will become a key part of our expansion in 2009, leveraging our innovative line of thin-film applications to harness the power of the sun.

“Combined with other announcements during the past two months, ICP Solar has already secured over $5 million of business for the upcoming fiscal year – a record for the company at this stage of the contract confirmation season. Considering that we will also be launching several new products in the coming quarters, we remain very well positioned for 2009.”

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

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
Investor Relations:
Chris Witty, 646-438-9385
cwitty@darrowir.com

Source: ICP Solar Technologies Inc.
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