Carmanah Technologies Enters Into Supply Agreement with Acuity Brands
Solid State Lighting Design LED Lighting News - Press Releases - As issued by company
February 28, 2013... Victoria, British Columbia, Canada-- Carmanah Technologies (TSX: CMH) announced today that it has entered into a supply agreement with Acuity Brands, Inc. (NYSE: AYI), a leading provider of LED lighting and lighting controls. The agreement provides for the supply of Carmanah’s commercial-grade solar outdoor light engines for integration into certain luminaires produced by Acuity Brands.
“Acuity Brands has been monitoring the continual improvement in photovoltaic technology and the steady increase in LED lighting efficacy and believe these technologies collectively have hit a tipping point.” says Jeff Quinlan, Acuity Brands Lighting Vice President, New Products and Technology. “Carmanah was competitively selected from a list of North American solar lighting manufacturers, distinguishing themselves on the basis of product reliability and a broad-based capability in solar power. This is an exciting new relationship for Acuity and we look forward to our planned launch of a solar-powered lighting solution.”
“Carmanah is excited about the collaboration and pleased to see a market leader like Acuity Brands embracing solar power solutions,” says Bruce Cousins, Carmanah Technologies CEO. “The technology performs to high international standards, is economically viable versus conventionally powered lighting options, and combined with other benefits such as grid-independence, presents a compelling value proposition to customers.”
Carmanah will continue to market and support Carmanah-branded outdoor lighting solutions through its existing channels.
About Carmanah Technologies Corporation
Carmanah Technologies is a world leading manufacturer of solar-based technologies designed for industrial and commercial applications worldwide. Market-driven to deliver reliable and dependable solar LED light and power system solutions, Carmanah’s trusted expertise in energy management, LED optics and controls is leveraged across the Company’s six business groups. The Outdoor Lighting group provides solar LED outdoor lighting systems unrivalled in reliability and performance, serving the needs of government agencies, commercial organizations, military and industrial markets around the globe, For more information about Carmanah Outdoor Lighting, visit www.carmanah.com/outdoor-lighting. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH”. For more information, visit carmanah.com.
About Acuity Brands
Acuity Brands, Inc. is a North American market leader and one of the world’s leading providers of lighting solutions for both indoor and outdoor applications. With fiscal year 2012 net sales of over $1.9 billion, Acuity Brands employs approximately 6,000 associates and is headquartered in Atlanta, Georgia with operations throughout North America, and in Europe and Asia. The Company’s lighting solutions are sold under various brands, including Lithonia Lighting®, Holophane®, Peerless®, Gotham®, Mark Architectural Lighting™, Winona® Lighting, Healthcare Lighting®, Hydrel®, American Electric Lighting®, Carandini®, Antique Street Lamps™, Tersen®, Sunoptics®, Sensor Switch®, Lighting Control & Design™, Synergy® Lighting Controls, Pathway Connectivity™, Dark to Light®, ROAM®, RELOC® Wiring Solutions, and acculamp®.
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