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
