Carmanah Tech Corp (CMHXF) 4.0950 $CMHXF
Carmanah Reports First Quarter 2015 Results
Filing Services Canada XHTML - Wed May 13, 7:42PM CDT
CMH.TO: 5.95 (-0.05)
Carmanah Announces Results of Annual General Meeting
Filing Services Canada XHTML - Tue May 12, 1:48PM CDT
CMH.TO: 5.95 (-0.05)
Carmanah Announces Release Date for First Quarter 2015 Financial Results and Conference Call
Filing Services Canada - Mon May 11, 8:11PM CDT
Carmanah Announces Release Date for First Quarter 2015 Financial Results and Conference Call Victoria, British Columbia (FSCwire) - Carmanah Technologies Corporation (TSX: CMH) (the Company or Carmanah) willrelease its first quarter 2015 financial results on May 14, 2015 at 1:00 pm PT (4:00 pm ET). Carmanah has scheduled a conference call for analysts at 2:00 pm PT (5:00 pm ET) on Thursday, March 14, 2015. To access, dial 1.866.229.4144 (Canada toll free) or +1.888.424.8151 (US toll free) approximately five to ten minutes prior to start time. When prompted for the participant PIN code,enter 7798 181. For a current list of local and international telephone numbers, click the link below: http://web.meetme.net/r.aspx?p=11&a=UyFMYbgVOaVWem A recording of the conference call will also be available on Carmanahs corporate website within three business days of the call. For more information, visitwww.carmanah.com (http://www.carmanah.com/)or telephone 1.877.722.8877 (toll free in US and Canada). ### About Carmanah 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. Contact Carmanah Technologies Corporation: Evan Brown, (250) 380-0052 Chief Financial Officer/Corporate Secretary 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://fscwire.com/sites/default/files/news_r...112015.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: 5.95 (-0.05)
Carmanah Seeks Shareholder Approval for Previously Announced $28,250,000 Offering
Filing Services Canada - Mon Apr 20, 6:48PM CDT
Carmanah Seeks Shareholder Approval for Previously Announced $28,250,000 Offering THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Victoria, British Columbia (FSCwire) - Carmanah Technologies Corporation (the Company or Carmanah), pursuant to the underwriting agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Canaccord Genuity Corp., GMP Securities LP and Salman Partners Inc. (collectively, the Underwriters) has agreed to sell 5,650,000 common shares of the Company (Shares) at a price of $5.00 per Share to the Underwriters, who in turn will sell Shares to the public, for gross proceeds to the Company of $28,250,000 (the Offering). The Underwriters also have the option, exercisable in whole or in part at any time up to 15 days after the closing of the Offering, to purchase up to an additional 750,000 Shares (the Option). In the event that the Option is exercised in its entirety, the aggregate gross proceeds of the Offering will be $32,000,000. All references to $ in this news release are Canadian dollars unless otherwise indicated. As outlined in the preliminary short form prospectus of the Company dated April 13, 2015, the net proceeds of the Offering will be used to fund restructuring costs and process improvement expenditures to reduce operating costs, invest in new product development activities, fund an increase in inventory to meet customer demands, fund operating losses and fund the Companys continued growth strategy, which is expected to include acquisitions. The Shares to be issued under the Offering will be offered by way of a short form prospectus in all provinces in Canada, except Quebec, in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and certain other jurisdictions. This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the Unites States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. Shareholder Approval Closing of the Offering is expected to occur on or about April 28, 2015 and is subject to regulatory approval including that of the Toronto Stock Exchange (the TSX). TSX has determined to review the Offering pursuant to their policies regarding private placements. As the number of Shares being made issuable is greater than 25% of the currently outstanding common shares of the Company, the Company is required to seek shareholder approval in accordance with the rules of the TSX. Completion of the Offering is conditional upon the receipt by the Company of written consents to the Offering of the holders of not less than 50% of the issued and outstanding common shares. Pursuant to the provisions of the underwriting agreement a total of up to 6,752,000 Shares, representing up to approximately 39.8% of the currently outstanding common shares will be issuable. This number includes the exercise of the Option in full and assumes the maximum number of broker warrants are issued to the Underwriters under the Offering. Insiders of the Company will be purchasing up to 500,000 Shares under the Offering, representing approximately 3% of the currently outstanding common shares. The terms of the Offering were negotiated at arms length. The Offering will cause the control position of current insiders to decrease and it is expected that no new control person or entity will be created. 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 (http://carmanah.com/aviation/airfield-lighting), roadway illumination (http://carmanah.com/outdoor-lighting/outdoor-solar-lighting), parking lot lighting (http://carmanah.com/outdoor-lighting/applications/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 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, intends, believes, could, may, 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, including the intended use of the net proceeds of the Offering and the expected closing date of the Offering, 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 (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 the 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 unless required by law. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...202015.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: 5.95 (-0.05)
Carmanah Technology - Primed And Ready For Takeoff (100-300%)
Marc Liu - Seeking Alpha - Tue Apr 14, 8:26AM CDT
Note: All financial figures are in US dollars - unless noted Recommendation History: In my first piece , I chronicled how an investment group led by Michael Sonnefelt took control of the company after a near brush with bankruptcy. (Date:...
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: 5.95 (-0.05)
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: 5.95 (-0.05)
Carmanah Receives $1.8M Order for Solar Airfield Ground Lights
Filing Services Canada XHTML - Wed Mar 11, 6:36PM CDT
CMH.TO: 5.95 (-0.05)
Carmanah Reports Fourth Quarter 2014 Results
Filing Services Canada XHTML - Wed Mar 11, 8:02AM CDT
CMH.TO: 5.95 (-0.05)
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: 5.95 (-0.05)
Carmanah Reports First Quarter 2015 Results
Filing Services Canada XHTML - Wed May 13, 7:42PM CDT
CMH.TO: 5.95 (-0.05)
Carmanah Announces Results of Annual General Meeting
Filing Services Canada XHTML - Tue May 12, 1:48PM CDT
CMH.TO: 5.95 (-0.05)
Carmanah Announces Release Date for First Quarter 2015 Financial Results and Conference Call
Filing Services Canada - Mon May 11, 8:11PM CDT
Carmanah Announces Release Date for First Quarter 2015 Financial Results and Conference Call Victoria, British Columbia (FSCwire) - Carmanah Technologies Corporation (TSX: CMH) (the Company or Carmanah) willrelease its first quarter 2015 financial results on May 14, 2015 at 1:00 pm PT (4:00 pm ET). Carmanah has scheduled a conference call for analysts at 2:00 pm PT (5:00 pm ET) on Thursday, March 14, 2015. To access, dial 1.866.229.4144 (Canada toll free) or +1.888.424.8151 (US toll free) approximately five to ten minutes prior to start time. When prompted for the participant PIN code,enter 7798 181. For a current list of local and international telephone numbers, click the link below: http://web.meetme.net/r.aspx?p=11&a=UyFMYbgVOaVWem A recording of the conference call will also be available on Carmanahs corporate website within three business days of the call. For more information, visitwww.carmanah.com (http://www.carmanah.com/)or telephone 1.877.722.8877 (toll free in US and Canada). ### About Carmanah 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. Contact Carmanah Technologies Corporation: Evan Brown, (250) 380-0052 Chief Financial Officer/Corporate Secretary 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://fscwire.com/sites/default/files/news_r...112015.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: 5.95 (-0.05)
Carmanah Seeks Shareholder Approval for Previously Announced $28,250,000 Offering
Filing Services Canada - Mon Apr 20, 6:48PM CDT
Carmanah Seeks Shareholder Approval for Previously Announced $28,250,000 Offering THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Victoria, British Columbia (FSCwire) - Carmanah Technologies Corporation (the Company or Carmanah), pursuant to the underwriting agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Canaccord Genuity Corp., GMP Securities LP and Salman Partners Inc. (collectively, the Underwriters) has agreed to sell 5,650,000 common shares of the Company (Shares) at a price of $5.00 per Share to the Underwriters, who in turn will sell Shares to the public, for gross proceeds to the Company of $28,250,000 (the Offering). The Underwriters also have the option, exercisable in whole or in part at any time up to 15 days after the closing of the Offering, to purchase up to an additional 750,000 Shares (the Option). In the event that the Option is exercised in its entirety, the aggregate gross proceeds of the Offering will be $32,000,000. All references to $ in this news release are Canadian dollars unless otherwise indicated. As outlined in the preliminary short form prospectus of the Company dated April 13, 2015, the net proceeds of the Offering will be used to fund restructuring costs and process improvement expenditures to reduce operating costs, invest in new product development activities, fund an increase in inventory to meet customer demands, fund operating losses and fund the Companys continued growth strategy, which is expected to include acquisitions. The Shares to be issued under the Offering will be offered by way of a short form prospectus in all provinces in Canada, except Quebec, in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and certain other jurisdictions. This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the Unites States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. Shareholder Approval Closing of the Offering is expected to occur on or about April 28, 2015 and is subject to regulatory approval including that of the Toronto Stock Exchange (the TSX). TSX has determined to review the Offering pursuant to their policies regarding private placements. As the number of Shares being made issuable is greater than 25% of the currently outstanding common shares of the Company, the Company is required to seek shareholder approval in accordance with the rules of the TSX. Completion of the Offering is conditional upon the receipt by the Company of written consents to the Offering of the holders of not less than 50% of the issued and outstanding common shares. Pursuant to the provisions of the underwriting agreement a total of up to 6,752,000 Shares, representing up to approximately 39.8% of the currently outstanding common shares will be issuable. This number includes the exercise of the Option in full and assumes the maximum number of broker warrants are issued to the Underwriters under the Offering. Insiders of the Company will be purchasing up to 500,000 Shares under the Offering, representing approximately 3% of the currently outstanding common shares. The terms of the Offering were negotiated at arms length. The Offering will cause the control position of current insiders to decrease and it is expected that no new control person or entity will be created. 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 (http://carmanah.com/aviation/airfield-lighting), roadway illumination (http://carmanah.com/outdoor-lighting/outdoor-solar-lighting), parking lot lighting (http://carmanah.com/outdoor-lighting/applications/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 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, intends, believes, could, may, 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, including the intended use of the net proceeds of the Offering and the expected closing date of the Offering, 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 (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 the 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 unless required by law. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...202015.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: 5.95 (-0.05)
Carmanah Technology - Primed And Ready For Takeoff (100-300%)
Marc Liu - Seeking Alpha - Tue Apr 14, 8:26AM CDT
Note: All financial figures are in US dollars - unless noted Recommendation History: In my first piece , I chronicled how an investment group led by Michael Sonnefelt took control of the company after a near brush with bankruptcy. (Date:...
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: 5.95 (-0.05)
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: 5.95 (-0.05)
Carmanah Receives $1.8M Order for Solar Airfield Ground Lights
Filing Services Canada XHTML - Wed Mar 11, 6:36PM CDT
CMH.TO: 5.95 (-0.05)
Carmanah Reports Fourth Quarter 2014 Results
Filing Services Canada XHTML - Wed Mar 11, 8:02AM CDT
CMH.TO: 5.95 (-0.05)
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: 5.95 (-0.05)
