Carmanah awarded CAD1.2m in total multiple Standing Offers from Canadian Coast Guard.
M2 EQUITYBITES-3 June 2010-Carmanah awarded CAD1.2m in total multiple Standing Offers from Canadian Coast Guard(C)2010 M2 COMMUNICATIONS http://www.m2.com
Provider of solar technology Carmanah Technologies Corporation (Frankfurt:QCX) (Toronto:CMH), through its marine signalling partnership, Carmanah/Sabik, has received four Standing Offers from the Canadian Coast Guard (CCG) to supply a range of solar-powered LED marine lanterns, the company announced on Wednesday.
These LED marine lanterns will serve as for aids-to-navigation (AtoN) lighting on Canadian waterways.
The offers are for a one-year period with an optional one-year extension. The company expects the revenues in the first year from the four Standing Offers to be in excess of CAD1.2m.
Also, a request for Standing Offer issued by the CCG earlier this year for solar LED aids-to-navigation (AtoN) lighting sought proposals to supply 1.5, two, three and four nautical mile lanterns for use on navigational buoys and other fixed and floating navigation aids.
Carmanah/Sabik products were selected to fulfil the standing orders in all four categories. Until May 2011 and for an additional year if the extension option is exercised, authorised CCG representatives will purchase Carmanah/Sabik's M650 solar LED marine lantern for 1.5 and two nautical mile applications; the Carmanah/Sabik M704-5 for three nautical mile applications (a product already in use by the CCG); and the Carmanah/Sabik's M708 for four nautical mile applications, the company said.
(USD1 = CAD1.037)
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jun 3, 2010|
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