Carmanah Tech Corp (CMHXF) 4.1560 $CMHXF
Carmanah Releases Preliminary Financial Results for Q1 2015
Filing Services Canada - Wed Apr 08, 11:23AM CDT
Carmanah Releases Preliminary Financial Results for Q1 2015 Victoria, British Columbia (FSCwire) - Carmanah Technologies Corporation (TSX: CMH) (the Company or Carmanah) today releases preliminary selected financial results for the quarter ended March 31, 2015. As is the Companys normal practice, this preliminary release includes revenue guidance and commentary respecting order backlogs and gross margins. Full financial statement disclosure is scheduled to be made on or about May 13, 2015. Revenues in the first quarter of 2015 were approximately $11.3 million, up about 24 per cent from revenues of $9.1 million in the first quarter of 2014. Order backlog as at March 31, 2015, was approximately $10.7 million, up $1.7 million from $9.0 million at the beginning of the year and up more than $8.0 million from March 31, 2014. The growth in backlog was attributable in part to the growth in orders received in all Divisions and to contracts in hand at December 31, 2014 in Carmanahs On-Grid Power Division which were completion delayed as a result of inclement weather in Eastern Canada. The majority of the order backlog, including weather delayed contracts, are expected to complete in the second quarter. Gross margin percentages in the first quarter of 2015 improved over the comparable quarter in 2014. Each of the Companys three Divisions generated gross margin improvements with the overall gross margin improvement also the result of a favorable sales mix in the quarter. "We are extremely pleased with all aspects of our first quarter 2015 results," said John Simmons, Chief Executive Officer. "In the quarter the high value of orders that we received combined with the backlog at the beginning of the quarter would have resulted in record quarterly revenues if not for unavoidable weather delays. In addition, and of perhaps greatest significance, is that our program to improve margins through cost management and more disciplined operating rigor is beginning to show results. After full financial statement disclosure on or about May 13, 2015, the Company will hold an analyst conference call on or about May 14, 2015. Details respecting the analyst call will be released approximately one week prior to the call. About Carmanah Technologies Corporation Since its founding in 1996, Carmanah has become one of the most trusted names in solar technology, delivering reliable and cost-effective solar powered products and systems for industrial applications worldwide. To date, Carmanah's solutions for marine navigation, airfield ground lighting, aviation obstruction, roadway illumination, parking lot lighting, as well as on and off-grid power generation, have been successfully deployed in over 400,000 installations in 110 countries with proven performance in conditions ranging from desert heat to arctic cold. Contacts Carmanah Technologies Corporation; Evan Brown, (250) 380-0052 Chief Financial Officer/Corporate Secretary ebrown@carmanah.com (mailto:ebrown@carmanah.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 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 managements current expectations and beliefs and are subject to a number of risks and uncertainties. For additional information on these risks and uncertainties, see Carmanahs most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Companys website at www.carmanah.com. The risk factors identified in Carmanahs 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 To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...r82015.pdf Source: Carmanah Technologies Corporation (TSX:CMH) http://carmanah.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
CMH.TO: 5.24 (+0.07)
IIROC Trade Resumption - Carmanah Technologies Corporation
Newsfile Corp - Tue Apr 07, 7:20AM CDT
Trading resumes in:
IIROC Trade Halt - Carmanah Technologies Corporation
Newsfile Corp - Tue Apr 07, 7:11AM CDT
The following issues have been halted by IIROC:
Carmanah Technologies Corp. Announces the Appointment of Ms.Tammy Neske as Vice President, Chief Operating Officer
Filing Services Canada XHTML - Mon Mar 16, 12:27PM CDT
CMH.TO: 5.24 (+0.07)
Carmanah Receives $1.8M Order for Solar Airfield Ground Lights
Filing Services Canada XHTML - Wed Mar 11, 6:36PM CDT
CMH.TO: 5.24 (+0.07)
Carmanah Reports Fourth Quarter 2014 Results
Filing Services Canada XHTML - Wed Mar 11, 8:02AM CDT
CMH.TO: 5.24 (+0.07)
Carmanah Files Civil Lawsuit against Royal & Sun Alliance Insurance Company of Canada and Integro (Canada) Ltd.
Filing Services Canada - Mon Mar 09, 4:03PM CDT
Carmanah Files Civil Lawsuit against Royal & Sun Alliance Insurance Company of Canada and Integro (Canada) Ltd. Victoria, British Columbia (FSCwire) - Carmanah Technologies Corporation (Carmanah or the Company) announces that it has filed a civil lawsuit in the Supreme Court of British Columbia against Royal & Sun Alliance Insurance Company of Canada (RSA) and Integro (Canada) Ltd. (Integro) operating as Integro Insurance Brokers. The lawsuit has been filed in an effort to obtain coverage under one or more of the Companys insurance policies, underwritten by RSA, for costs associated with defending a US lawsuit filed against the Company in July 2013. The underlying lawsuit, which the Company has been defending on its own, is a civil action initiated by R.D. Jones, Stop Experts, Inc., and RRFB Global, Inc. in the United States District Court of the Southern District Florida (the Stop Experts Lawsuit), which alleges patent infringement with respect to a specific flash pattern used in the Companys solar powered flashing beacons for the traffic safety market and claims relating to advertising and business practices. The Company continues in its belief that the Stop Experts Lawsuit is without merit. The decision to file a lawsuit against RSA and Integro was made after negotiations with RSA failed to produce an acceptable settlement for repayment of the costs incurred by the Company. The lawsuit seeks to recover legal expenses and damages. To the end of December 31, 2014, the Company has incurred approximately $1.1 million defending the Stop Experts Lawsuit. ### About Carmanah Technologies Corporation Since its founding in 1996, Carmanah has become one of the most trusted names in solar technology, delivering reliable and cost-effective solar powered products and systems for industrial applications worldwide. To date, Carmanah's solutions for marine navigation, airfield ground lighting, aviation obstruction, roadway illumination, parking lot lighting, as well as on and off-grid power generation, have been successfully deployed in over 400,000 installations in 110 countries with proven performance in conditions ranging from desert heat to arctic cold. In 2013, through shareholder led initiatives, the company was restructured under the leadership of CEO John Simmons, while the Companys largest shareholder, Michael W. Sonnenfeldt, became non-executive Chairman. Carmanahs current board members demonstrate their belief in Carmanah's future by having been the largest investors in each financing since therestructuringand now, as a group, own the majority of Carmanah's issued and outstanding shares. Contacts Carmanah Technologies Corporation: Stuart Williams, (250) 380-0052 Chief Financial Officer/Corporate Secretary stuart.williams@carmanah.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 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 managements current expectations and beliefs and are subject to a number of risks and uncertainties. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to the Companys backlog and the ability to deliver these orders, and estimates of revenue for the period. For additional information on these risks and uncertainties, see Carmanahs most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Companys website at www.carmanah.com. The risk factors identified in Carmanahs 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. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...092015.pdf Source: Carmanah Technologies Corporation (TSX:CMH) http://carmanah.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
CMH.TO: 5.24 (+0.07)
Obstruction Lighting - Global Strategic Business Report 2015
M2 - Tue Feb 17, 3:49AM CST
Research and Markets (http://www.researchandmarkets.com/research/c4c7th/obstruction) has announced the addition of the "Obstruction Lighting - Global Strategic Business Report" report to their offering. This report analyzes the worldwide markets for Obstruction Lighting in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. The report profiles 56 companies including many key and niche players such as: - Avaids Technovators Pvt. Ltd. (India) - BTI Light Systems A/S (Denmark) - Carmanah Technologies Corporation (Canada) - Ceravision Limited (UK) - Dialight plc (UK) - Hughey & Phillips, LLC (US) - International Tower Lighting, LLC (US) - Orga Aviation BV (The Netherlands) - TWR Lighting, Inc. (US) - SPX Corporation (US) - Flash Technology (US) Key Topics Covered: 1. MARKET OVERVIEW 2. MARKET TRENDS AND ISSUES 3. PRODUCT OVERVIEW 4. PRODUCT INTRODUCTIONS/INNOVATIONS 5. RECENT INDUSTRY ACTIVITY 6. FOCUS ON SELECT PLAYERS 7. GLOBAL MARKET PERSPECTIVE Total Companies Profiled: 56 (including Divisions/Subsidiaries 60) - The United States (16) - Canada (1) - Europe (24) - France (1) - Germany (5) - The United Kingdom (5) - Italy (1) - Rest of Europe (12) - Asia-Pacific (Excluding Japan) (19) For more information visit http://www.researchandmarkets.com/research/c4...bstruction
SPW: 82.86 (-0.68)
Carmanah Tech: Major Pullback After 300% Run Offers Entry Point For The Next Big Run
Marc Liu - Seeking Alpha - Thu Jan 29, 8:11AM CST
Notes: This is a microcap stock, and orders must placed with much care. Carmanah Tech ( OTC:CMHXF ) trades in Canada and the US, thus the references to Canadian prices. The financials are all in US dollars. For history and background, please read my...
Carmanah Arranges USD $24.5 Million Credit Facility
Filing Services Canada XHTML - Mon Jan 12, 8:58PM CST
CMH.TO: 5.24 (+0.07)
Carmanah Releases Preliminary Financial Results for Q1 2015
Filing Services Canada - Wed Apr 08, 11:23AM CDT
Carmanah Releases Preliminary Financial Results for Q1 2015 Victoria, British Columbia (FSCwire) - Carmanah Technologies Corporation (TSX: CMH) (the Company or Carmanah) today releases preliminary selected financial results for the quarter ended March 31, 2015. As is the Companys normal practice, this preliminary release includes revenue guidance and commentary respecting order backlogs and gross margins. Full financial statement disclosure is scheduled to be made on or about May 13, 2015. Revenues in the first quarter of 2015 were approximately $11.3 million, up about 24 per cent from revenues of $9.1 million in the first quarter of 2014. Order backlog as at March 31, 2015, was approximately $10.7 million, up $1.7 million from $9.0 million at the beginning of the year and up more than $8.0 million from March 31, 2014. The growth in backlog was attributable in part to the growth in orders received in all Divisions and to contracts in hand at December 31, 2014 in Carmanahs On-Grid Power Division which were completion delayed as a result of inclement weather in Eastern Canada. The majority of the order backlog, including weather delayed contracts, are expected to complete in the second quarter. Gross margin percentages in the first quarter of 2015 improved over the comparable quarter in 2014. Each of the Companys three Divisions generated gross margin improvements with the overall gross margin improvement also the result of a favorable sales mix in the quarter. "We are extremely pleased with all aspects of our first quarter 2015 results," said John Simmons, Chief Executive Officer. "In the quarter the high value of orders that we received combined with the backlog at the beginning of the quarter would have resulted in record quarterly revenues if not for unavoidable weather delays. In addition, and of perhaps greatest significance, is that our program to improve margins through cost management and more disciplined operating rigor is beginning to show results. After full financial statement disclosure on or about May 13, 2015, the Company will hold an analyst conference call on or about May 14, 2015. Details respecting the analyst call will be released approximately one week prior to the call. About Carmanah Technologies Corporation Since its founding in 1996, Carmanah has become one of the most trusted names in solar technology, delivering reliable and cost-effective solar powered products and systems for industrial applications worldwide. To date, Carmanah's solutions for marine navigation, airfield ground lighting, aviation obstruction, roadway illumination, parking lot lighting, as well as on and off-grid power generation, have been successfully deployed in over 400,000 installations in 110 countries with proven performance in conditions ranging from desert heat to arctic cold. Contacts Carmanah Technologies Corporation; Evan Brown, (250) 380-0052 Chief Financial Officer/Corporate Secretary ebrown@carmanah.com (mailto:ebrown@carmanah.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 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 managements current expectations and beliefs and are subject to a number of risks and uncertainties. For additional information on these risks and uncertainties, see Carmanahs most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Companys website at www.carmanah.com. The risk factors identified in Carmanahs 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 To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...r82015.pdf Source: Carmanah Technologies Corporation (TSX:CMH) http://carmanah.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
CMH.TO: 5.24 (+0.07)
IIROC Trade Resumption - Carmanah Technologies Corporation
Newsfile Corp - Tue Apr 07, 7:20AM CDT
Trading resumes in:
IIROC Trade Halt - Carmanah Technologies Corporation
Newsfile Corp - Tue Apr 07, 7:11AM CDT
The following issues have been halted by IIROC:
Carmanah Technologies Corp. Announces the Appointment of Ms.Tammy Neske as Vice President, Chief Operating Officer
Filing Services Canada XHTML - Mon Mar 16, 12:27PM CDT
CMH.TO: 5.24 (+0.07)
Carmanah Receives $1.8M Order for Solar Airfield Ground Lights
Filing Services Canada XHTML - Wed Mar 11, 6:36PM CDT
CMH.TO: 5.24 (+0.07)
Carmanah Reports Fourth Quarter 2014 Results
Filing Services Canada XHTML - Wed Mar 11, 8:02AM CDT
CMH.TO: 5.24 (+0.07)
Carmanah Files Civil Lawsuit against Royal & Sun Alliance Insurance Company of Canada and Integro (Canada) Ltd.
Filing Services Canada - Mon Mar 09, 4:03PM CDT
Carmanah Files Civil Lawsuit against Royal & Sun Alliance Insurance Company of Canada and Integro (Canada) Ltd. Victoria, British Columbia (FSCwire) - Carmanah Technologies Corporation (Carmanah or the Company) announces that it has filed a civil lawsuit in the Supreme Court of British Columbia against Royal & Sun Alliance Insurance Company of Canada (RSA) and Integro (Canada) Ltd. (Integro) operating as Integro Insurance Brokers. The lawsuit has been filed in an effort to obtain coverage under one or more of the Companys insurance policies, underwritten by RSA, for costs associated with defending a US lawsuit filed against the Company in July 2013. The underlying lawsuit, which the Company has been defending on its own, is a civil action initiated by R.D. Jones, Stop Experts, Inc., and RRFB Global, Inc. in the United States District Court of the Southern District Florida (the Stop Experts Lawsuit), which alleges patent infringement with respect to a specific flash pattern used in the Companys solar powered flashing beacons for the traffic safety market and claims relating to advertising and business practices. The Company continues in its belief that the Stop Experts Lawsuit is without merit. The decision to file a lawsuit against RSA and Integro was made after negotiations with RSA failed to produce an acceptable settlement for repayment of the costs incurred by the Company. The lawsuit seeks to recover legal expenses and damages. To the end of December 31, 2014, the Company has incurred approximately $1.1 million defending the Stop Experts Lawsuit. ### About Carmanah Technologies Corporation Since its founding in 1996, Carmanah has become one of the most trusted names in solar technology, delivering reliable and cost-effective solar powered products and systems for industrial applications worldwide. To date, Carmanah's solutions for marine navigation, airfield ground lighting, aviation obstruction, roadway illumination, parking lot lighting, as well as on and off-grid power generation, have been successfully deployed in over 400,000 installations in 110 countries with proven performance in conditions ranging from desert heat to arctic cold. In 2013, through shareholder led initiatives, the company was restructured under the leadership of CEO John Simmons, while the Companys largest shareholder, Michael W. Sonnenfeldt, became non-executive Chairman. Carmanahs current board members demonstrate their belief in Carmanah's future by having been the largest investors in each financing since therestructuringand now, as a group, own the majority of Carmanah's issued and outstanding shares. Contacts Carmanah Technologies Corporation: Stuart Williams, (250) 380-0052 Chief Financial Officer/Corporate Secretary stuart.williams@carmanah.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 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 managements current expectations and beliefs and are subject to a number of risks and uncertainties. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to the Companys backlog and the ability to deliver these orders, and estimates of revenue for the period. For additional information on these risks and uncertainties, see Carmanahs most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Companys website at www.carmanah.com. The risk factors identified in Carmanahs 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. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...092015.pdf Source: Carmanah Technologies Corporation (TSX:CMH) http://carmanah.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
CMH.TO: 5.24 (+0.07)
Obstruction Lighting - Global Strategic Business Report 2015
M2 - Tue Feb 17, 3:49AM CST
Research and Markets (http://www.researchandmarkets.com/research/c4c7th/obstruction) has announced the addition of the "Obstruction Lighting - Global Strategic Business Report" report to their offering. This report analyzes the worldwide markets for Obstruction Lighting in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. The report profiles 56 companies including many key and niche players such as: - Avaids Technovators Pvt. Ltd. (India) - BTI Light Systems A/S (Denmark) - Carmanah Technologies Corporation (Canada) - Ceravision Limited (UK) - Dialight plc (UK) - Hughey & Phillips, LLC (US) - International Tower Lighting, LLC (US) - Orga Aviation BV (The Netherlands) - TWR Lighting, Inc. (US) - SPX Corporation (US) - Flash Technology (US) Key Topics Covered: 1. MARKET OVERVIEW 2. MARKET TRENDS AND ISSUES 3. PRODUCT OVERVIEW 4. PRODUCT INTRODUCTIONS/INNOVATIONS 5. RECENT INDUSTRY ACTIVITY 6. FOCUS ON SELECT PLAYERS 7. GLOBAL MARKET PERSPECTIVE Total Companies Profiled: 56 (including Divisions/Subsidiaries 60) - The United States (16) - Canada (1) - Europe (24) - France (1) - Germany (5) - The United Kingdom (5) - Italy (1) - Rest of Europe (12) - Asia-Pacific (Excluding Japan) (19) For more information visit http://www.researchandmarkets.com/research/c4...bstruction
SPW: 82.86 (-0.68)
Carmanah Tech: Major Pullback After 300% Run Offers Entry Point For The Next Big Run
Marc Liu - Seeking Alpha - Thu Jan 29, 8:11AM CST
Notes: This is a microcap stock, and orders must placed with much care. Carmanah Tech ( OTC:CMHXF ) trades in Canada and the US, thus the references to Canadian prices. The financials are all in US dollars. For history and background, please read my...
Carmanah Arranges USD $24.5 Million Credit Facility
Filing Services Canada XHTML - Mon Jan 12, 8:58PM CST
CMH.TO: 5.24 (+0.07)
