Carmanah Aquires Sabik
VICTORIA, BC, CANADA (July 2, 2015)

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today announces that it has completed an acquisition of the Sabik Group of Companies (“Sabik”). The Company had previously announced a deal to acquire Sabik on June 10, 2015 after the signing of a share purchase agreement (the “Agreement”).

“The acquisition of the Sabik Group of Companies is an important step towards our goal of being the worldwide leader in the marine aids to navigation industry” said John Simmons, Carmanah CEO. “The acquisition also catapults Carmanah into a new market – the safety marking of offshore wind installations – which is a fast growing market.”