GREY:CMHXF - Post by User
Post by
barrybon Apr 28, 2005 9:39am
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Post# 8967020
National Post
National Post
NP/DJ say Carmanah sees the light in solar power
2005-04-28 08:28 ET - In the News
The National Post reports in its Thursday, April 28, edition that Carmanah Technologies is going after new markets for its solar-powered LED lighting units. A Dow Jones dispatch to the Post reports that Carmanah designs and produces energy-efficient lights for marine, aviation and roadside applications. The units combine light-emitting diodes, small solar panels and lead-acid batteries. The company says its rugged units are cost-competitive, since they use no fuel and do not need maintenance over their average five-year lifespan. About 70 per cent of the 100,000 units installed to date are in the marine market, where they are used as marking lights to aid navigation. However, potentially bigger markets exist for transit products -- lighting for bus shelters -- and roadway lights and beacons, where brighter lights and better visibility mean fewer accidents, director Mark Komonoski said. The roadway market offers the greatest opportunities, while near-term news should come from the transit-lighting segment, he added. Carmanah reported 2004 net income of $593,000 or two cents a share, on sales of $15.9-million, a 72-per-cent increase from 2003 sales.