Carmanah Technologies and Laser Guidance Inc. Sign New Long-Term Exclusive Agreement

News Release Carmanah Technologies Inc. June 2, 2012

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<DIV>Increased Aviation Precision Approach Lighting Portfolio VICTORIA,
BC, CANADA (June 1, 2012) - Carmanah Technologies Corporation (TSX: CMH) and
Laser Guidance Inc., a pioneer in aviation precision guidance systems, have
signed a new five year Exclusive Cooperation Agreement. Under the terms of
the agreement, Carmanah will have the exclusive world-wide marketing license
for a portfolio of Laser Guidance aviation navigation aids including versions
of Precision Approach Path Indicators (“PAPIs”), Helicopter Approach Path
Indicators (“HAPIs”) and Medium Intensity Approach Light System with Runway
Alignment Indicator Light (“MALSR”). In addition, both companies will
cooperate on a wide range of strategic development and manufacturing efforts,
as well as marketing campaigns. The agreement represents a formal recognition
of a long-standing successful working relationship and unites two
world market leaders in complementary aviation lighting technologies.
Carmanah and Laser Guidance will now be able to offer a comprehensive suite
of aviation lighting solutions including a precision approach
runway lighting capability. “We are very pleased to partner with
Laser Guidance,” said Carmanah CEO Bruce Cousins. “There is an enormous
synergy between Carmanah’s offerings to the aviation community and the Laser
Guidance product line. Together we provide an incredible range of airfield
lighting solutions. The global movement toward more energy efficient and
solar powered airfields and continuing advancements in aviation lighting
technology are creating radical changes in how airfields all over the
globe operate. Carmanah, our partner ADB, and now Laser Guidance are
leading that change.” Dr. David Shemwell, Laser Guidance CEO,
stated, “Partnering with Carmanah is a very exciting development. Both
companies have led the way in research and development for decades, and each
has brought new technology from the lab to the airfield with consistent,
high-quality results. We believe both organizations and the aviation
community as a whole will benefit from the partnership’s extensive
experience, market knowledge, and expanded range of
products.” About Carmanah Technologies Corporation As one of
the most trusted names in solar LED technology, Carmanah has earned a
reputation for delivering strong and effective products for industrial
applications, including aviation lighting, worldwide. Industry proven to
perform reliably in some of the world's harshest environments, Carmanah solar
LED lights and solar power systems provide a durable, dependable and cost
effective energy alternative. Carmanah is a publicly traded company, with
common shares listed on the Toronto Stock Exchange under the symbol "CMH”.
For more information, visit <A
href="redir.aspx?C=4dc79d33c50c4b9da9766b9b67c0fd61&URL=http%3a%2f%2fwww.carmanah.com"
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