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Carmanah Announces Results of Annual General Meeting

/EINPresswire.com/ -- VICTORIA, BRITISH COLUMBIA--(Marketwired - May 8, 2017) - Carmanah Technologies Corporation (TSX:CMH) ("Carmanah" or the "Company") today announced the voting results from its annual general meeting held on May 4, 2017. The shareholders voted on and approved the election of the directors of the Corporation and the reappointment of KPMG LLP, Chartered Accountants as auditors of the Corporation.

The voting results were as follows:

Votes For Votes Withheld
Nominee
# % # %
Election of Directors
John Simmons 10,696,802 94.62% 607,910 5.38%
Michael Sonnenfeldt 10,298,902 91.10% 1,005,810 8.90%
Terry Holland 11,303,152 99.99% 1,560 0.01%
James Meekison 11,303,152 99.99% 1,570 0.01%
Sara Elford 11,303,352 99.99% 1,360 0.04%
Appointment of Auditors 11,991,120 99.96% 4,314 0.04%

About Carmanah Technologies Corporation

Carmanah designs, develops and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure. Since 1996, we have 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. We manage our business within three reportable segments: Signals, Illumination and Power. The Signals segment includes serves the Airfield Ground Lighting, Aviation Obstruction, Offshore Wind, Marine and Traffic markets. The Illumination segment provides solar powered LED outdoor lights for municipal and commercial customers. The Power segment serves the Off-Grid solar market.

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 Carmanah or Sabik to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such factors include, but are not limited to: our ability to become a worldwide leader in the marine aids to navigation industry, the potential growth of the off shore wind safety market or our ability to participate in any growth and other general uncertainties that may impact actual outcomes. These forward-looking statements are based on management's current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. Carmanah disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

For additional information on these risks and uncertainties, see Carmanah's most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company's website at www.carmanah.com. The risk factors identified in Carmanah's AIF and MD&A are not intended to represent a complete list of factors that could affect Carmanah.

Carmanah Technologies Corporation
Evan Brown
(250) 380-0052
Chief Financial Officer/Corporate Secretary
investors@carmanah.com