Costco Canada to Increase Orders for ICP Solar Chargers in 2009

Estimated Sales of Nearly $1 Million
MONTREAL--(Business Wire)--
ICP Solar Technologies Inc. (OTCBB: ICPR.OB, FRANKFURT: K1U.F), a
developer, manufacturer and marketer of proprietary solar panels and
products, today announced that Costco of Canada has extended its
existing purchase agreement with ICP and will sell an expanded range
of Coleman-branded solar chargers in 2009. It is estimated that Costco
will purchase units worth nearly $1 million next year, a significant
increase over 2008.

"Costco has come to rely on our Coleman chargers to meet the
rising demand for solar products in their stores nationwide," said
Sass Peress, Chairman and CEO of ICP Solar. "We are dedicated to total
customer satisfaction for all our innovative applications, and the
company's success with Costco is indicative of the unique value
proposition we bring to market. Our cutting-edge technology and
consumer-friendly product attributes serve the growing need for
renewable energy solutions. We expect to leverage the Costco
relationship for additional product sales both in Canada and elsewhere
in the years ahead."

About ICP Solar Technologies, Inc:

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(R) 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.

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.

ICP Solar Technologies Inc.
Sass Peress, 514-270-5770
Chief Executive Officer
or
Investor Relations:
Chris Witty, 646-438-9385
cwitty@darrowir.com
or
Public Relations:
Laurent Lafite, 514-270-5770
Llafite@icpsolar.com

Copyright Business Wire 2008