Company Concurrently Receives Approval to Supply Australia Initiative
MONTREAL, QUEBEC, CANADA – June 3, 2009 – ICP Solar Technologies Inc. (OTCBB: ICPR.OB, FRANKFURT: K1U.F), a developer, manufacturer and marketer of proprietary solar panels and products, today announced that the Company saw heavy turnout at its Intersolar booth in Munich, Germany and received orders for GreenMeter® equipment in Europe, North America, Australia, and the Middle East. Several hundred visitors were drawn to the ICP Solar display, including a number of existing users of the GreenMeter®.
While at Intersolar, ICP Solar was informed that the GreenMeter® had been approved for listing in the Australian National Register for the National Solar Schools Program, an initiative to outfit the country’s education facilities with solar power and monitoring devices. The program is meant to provide both clean energy and teaching tools, and ICP Solar expects the GreenMeter® approval could potentially lead to the sale of thousands of units in the coming year.
“The events of the past week clearly demonstrate the growing demand for our GreenMeter® products worldwide,” said Laurie McCabe, Business Development Manager for Monitoring and Metering. “Not only were new clients placing orders at Intersolar, but existing test customers came by and expressed great satisfaction with the systems – as they are easy to install and provide information that aids the sale of solar installations, validating proof of concept and return on investment. With the GreenMeter®, people can instantly see the impact of utilizing alternative energy to reduce overall power costs.
“We also anticipate that our presence in Australia will rapidly expand due to the National Solar Schools Program. ICP Solar will be shipping its next generation GreenMeter® products later this month, and we have already built significant brand awareness across the globe.”
ICP Solar is a developer, manufacturer and marketer of solar panels, solar cell based products, solar monitoring software and solar power management solutions. Through the application of its own intellectual property and next-generation technologies, the Company aims to be the solar industry's innovation leader. For the past 20 years, ICP Solar has been a lead innovator in the consumer solar market and has now begun to apply that same innovation 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 markets its products under its Sunsei® brand of solar products and is the North American licensee of the Coleman® brand in the solar charger category. ICP Solar is also helping the environment by offering these solar technologies and green solutions to the renewable energy sector. The company's headquarters are located in Montreal, Canada, with an R&D center in St. John’s Canada and additional locations in the USA, Ireland, France and the UK. Additional information may be found at www.icpsolar.com and www.solarcharger.com.
ICP Solar Technologies, Inc.
Sass Peress, Chief Executive Officer
Phone: 514-270-5770
Investor Relations
Chris Witty
Email: cwitty@darrowir.com
Phone: 646-438-9385
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.