Mr.
Evan Brown reports
CARMANAH TELEMATICS BUSINESS UNIT RECEIVES MATERIAL ORDER
Carmanah Technologies Corp.'s telematics business unit has received a product purchase order valued at $2.2-million (U.S.). This order, together with a previous order in the amount of $1.2-million (U.S.), are being disclosed because they are expected to have a material impact on the company's telematics business unit.
Carmanah's telematics business unit was formed in 2016 and since that date had only generated non-recurring engineering project revenues. The orders disclosed today are for manufactured products which the company expects to complete by way of multiple deliveries during the second and third quarters of 2018.
About Carmanah Technologies Corp.
Carmanah designs, develops and distributes a portfolio of products focused on energy-optimized LED (light emitting diode) solutions for infrastructure. Since 1996, the company has earned a global reputation for delivering durable, dependable, efficient and cost-effective solutions for industrial applications that perform in some of the world's harshest environments.
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