MONTREAL, CANADA, Dec. 18, 2006 - ICP Solar Technologies Inc. (OTCBB: ICPR), announced today that they have signed an agreement to begin supplying solar energy solutions worth up to €15 million annually to Tejas Solares, a leading residential solar system developer. To support their expansion in the Europe, Middle East, African and Asia-Pacific markets, ICP is opening its EMEA - PAC offices in Madrid, effective immediately.

Under the terms of the binding letter of intent, ICP Solar will provide a new kind of solar tile specifically designed for Spanish home models, currently under development, to Tejas Solares. In return, Tejas Solares will commit to using ICP's innovative solution in at least 2000 homes annually on the Spanish market.

About ICP Solar
ICP Solar is a leading manufacturer of products based on advanced solar technology. ICP Solar develops innovative solar-powered products that respond to the needs of consumer, commercial and OEM clients. Founded in 1988, ICP Solar has distribution networks in more than 160 countries worldwide. Headquartered in Montreal, Canada, ICP Solar also has manufacturing and distribution facilities in the UK, US and Germany. For more information, please visit www.icpsolar.com, write press@icpsolar.com, or call 1-888-427-7652.