Carmanah Technologies Enters Into Supply Agreement with Acuity Brands
VICTORIA, British Columbia--(BUSINESS WIRE)--
Carmanah Technologies (CMH.TO) announced today that it has entered into a supply agreement with Acuity Brands, Inc. (AYI), a leading provider of LED lighting and lighting controls. The agreement provides for the supply of Carmanah’s commercial-grade solar outdoor light engines for integration into certain luminaires produced by Acuity Brands.
“Acuity Brands has been monitoring the continual improvement in photovoltaic technology and the steady increase in LED lighting efficacy and believe these technologies collectively have hit a tipping point,” says Jeff Quinlan, Acuity Brands Lighting Vice President, New Products and Technology. “Carmanah was competitively selected from a list of North American solar lighting manufacturers, distinguishing themselves on the basis of product reliability and a broad-based capability in solar power. This is an exciting new relationship for Acuity and we look forward to our planned launch of a solar-powered lighting solution.”
“Carmanah is excited about the collaboration and pleased to see a market leader like Acuity Brands embracing solar power solutions,” says Bruce Cousins, Carmanah Technologies CEO. “The technology performs to high international standards, is economically viable versus conventionally powered lighting options, and combined with other benefits such as grid-independence, presents a compelling value proposition to customers.”
Carmanah will continue to market and support Carmanah-branded outdoor lighting solutions through its existing channels.
http://finance.yahoo.com/news/carmanah-technologies-enters-supply-agreement-144200485.html
