ICP Solar: Licensing Agreement with Energizer
ICP Solar Technologies Inc., a developer, manufacturer and marketer of proprietary solar panels and products, today announced that it has signed a global licensing agreement with Energizer (NYSE: ENR - News). Under the terms of this agreement, Energizer, one of the world’s largest manufacturers of primary batteries and flashlights, will grant ICP Solar the global rights to its trade name for solar-powered chargers and related products. The agreement, to run three (3) years, takes effect immediately.
“Teaming with Energizer is a very significant achievement for ICP Solar and speaks to both the high quality of our products as well as our reputation for technology innovation,” said Sass Peress, CEO. “Energizer is a leader in providing portable power for numerous applications worldwide, and we are proud to be working with such an esteemed organization going forward. We will begin rolling out products in North America as soon as the third quarter and anticipate these sales will further bolster our financial performance heading into 2010. We plan to launch two dedicated websites – www.energizersolar.com and www.energizersolar.eu – later this year, as the international nature of this agreement is expected to provide immediate access to a host of new geographic markets. Energizer®-branded solar chargers will be sold in tandem with rechargeable batteries, serving the growing demand for renewable, portable power.”
“We are pleased to enter into such an important strategic relationship with ICP Solar,” said Danielle Kyriakos, Director of New Business Development of Energizer. “Energizer is committed to providing innovative solutions to power people’s lives and we know that solar is a power application that consumers are looking for to help them Keep Going. We look forward to a long and productive partnership with ICP Solar.”
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 and www.sunsei.com.
Energizer Holdings, Inc. [NYSE: ENR], www.energizer.com, headquartered in St. Louis, Missouri, is one of the world’s largest manufacturers of primary batteries, battery-powered devices and flashlights. Energizer, a global leader in the dynamic business of providing portable power geared toward the new digital age, offers a full portfolio of products including the Energizer® MAX® premium alkaline brand; Energizer® Ultimate Lithium; Energizer® Advanced Lithium and Nickel Metal Hydride (NiMH) Rechargeable batteries and chargers.
The Energizer® product line also includes specialty batteries for hearing aids, health and fitness devices, as well as for keyless remote entry systems, watches and other uses. Through its flashlight and lighting products unit, Energizer helps bring consumer insight and innovation to these important household devices. Energizer continues its role as a technology leader with Energizer® Energi To Go®, portable battery powered chargers for cell phones. Additional information may be found at www.Energizer.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.
ICP Solar Technologies Inc.
Sass Peress, 514-270-5770
Chief Executive Officer
ICP Solar Investor Relations:
Chris Witty, 646-438-9385