Strong Brand and Innovation to Fuel Growth For ICP Solar
MONTREAL--(Business Wire)--
ICP Solar Technologies Inc. (OTCBB: ICPR)(FRANKFURT: K1U), a developer and
marketer of innovative, proprietary solar panels, solar chargers, energy meters
and other solar powered devices, today announced that it has been awarded
programs from Costco Canada worth up to $1million, a substantial increase from
2009, indicative of the Company`s expanded product portfolio. Shipments of the
solar chargers are expected to begin during the fourth quarter.
"We have a longstanding relationship with Costco and are excited to serve them
with our growing product line in 2010," said Sass Peress, CEO. "This commitment
reflects a substantial increase over last year, and Costco has expressed
confidence in even greater success than previous years with upcoming Energizer®
branded solar chargers. Consumers are looking for strong brands in a market
which is becoming more and more educated about quality distinctions when
compared to no-name look-alikes. Considering the support that ICP Solar will
receive from Energizer® through its own website, and the awareness that the
energizersolar.com initiative will bring, we believe this will be the best year
ever for this program. With clients such as Costco and others to be announced
shortly, ICP Solar is working towards strengthening its distribution
partnerships, improving its marketing programs, and ensuring complete customer
satisfaction with its industry-leading innovations."
About ICP Solar Technologies:
ICP Solar is a developer and marketer of solar panels, solar monitoring and
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
and, in the solar charger category, is the global licensee of the Energizer®
brand. 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,
www.sunsei.com, and www.sunsei.eu.
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, 2009, 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
Sass Peress, 514-270-5770
Chief Executive Officer
or
Investor Relations:
Isabel Dos Santos, 514-270-5770
idossantos@icpsolar.com
Copyright Business Wire 2009
