Montreal, Canada, February 12, 2008 – ICP Solar Technologies Inc. (OTCBB: ICPR, FRANKFURT: K1U.F), a developer, manufacturer and marketer of solar panels and products, today announced that Wal-Mart Stores Inc (NYSE: WMT), the world’s largest retail distributor, will carry the Coleman® 12V solar battery charger range, designed and made by ICP Solar, in 2000 stores across the United States.
"We are thrilled to be significantly expanding our relationship with Wal-Mart. They are the premier retailer in the world and our companies have always shared the same customer centric strategies. As part of their leadership stance in the energy efficiency arena, Wal-Mart is demanding that their supplier’s products live up to their motto of “saving people money” by helping them use less energy, reduce their energy cost, allowing them to become better stewards of the environment by reducing their carbon footprint,” said Sass Peress, ICP chairman and chief executive officer. “Our products are a perfect fit. The Coleman® 12V solar chargers come with best in class features, a 2-year warranty and will deliver over 50% more power per square inch that competing solar chargers. ”
“The US market is the largest solar market in the world and following our success with Wal-Mart in Canada, we are proud to expand our relationship with the largest retailer in world, here in the US market” said Tom Clark, ICP Solar’s VP of Sales-Americas. “In order for a product to become part of Wal-Mart’s clean-energy range of products, it must meet the highest standards. The Coleman® brand, which we license from Jarden Corporation (NYSE: JAH), has been a mainstay of the Wal-Mart outdoor line because of its quality and durability. The fact that Wal-Mart chose to carry our product in over 2000 stores validates the investments we have made, in order to ensure that our licensed Coleman® branded solar chargers are the most innovative and reliable products of their kind. We look forward to a long and rewarding relationship with Wal-Mart in its drive to provide clean-energy alternatives to its customers.”
ICP Solar is a developer, manufacturer and marketer of solar panels and solar cell based products and building materials. Through the application of next-generation technologies and use of proprietary intellectual design the Company aims to be the industry's innovation leader. For the past 19 years, ICP Solar has led the consumer market through innovation and has now begun to apply that same philosophy to the OEM, rooftop and power generation segment of the solar industry. ICP Solar's management has over 50 years of experience in the renewable energy sector. ICP Solar is the North American licensee of the Coleman® brand in the solar charger category. The company’s headquarters are located in Montreal, Canada, with additional locations in the USA, Spain, Ireland and France.
Corporate information may be found at www.icpsolar.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 ICP Solar Technologies Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in ICP Solar Technologies Inc.'s Annual Report for the fiscal year ended January 31,2008, as filed on EDGAR at www.sec.gov. The risk factors identified in ICP Solar Technologies Inc. Annual Report are not intended to represent a complete list of factors that could affect ICP Solar Technologies Inc. Accordingly, readers should not place undue reliance on forward-looking statements. ICP Solar Technologies Inc. does not assume any obligation to update the forward-looking information contained in this press release.
Contact:
ICP Solar Technologies Inc.
Laurent Lafite
Tel: 514-270-5770 ext. 120
Email: Llafite@icpsolar.com
Lippert/Heilshorn & Associates
Jody Burfening/Elric Martinez
Tel: 212-838-3777
Email: emartinez@lhai.com