Carmanah Technologies Corporation (TSX:CMH) today announced that it has received purchase orders from a single customer for $1.5M USD for solar outdoor lights and hardware. Carmanah is making this disclosure as it has determined that these orders are material in the context of applicable securities regulations and as such require timely disclosure.
These solar lighting systems have been ordered for use in street lighting applications outside of North America. The purchase orders will be filled in two stages with the first order scheduled for shipment in the first quarter of 2014. The following order is expected to be confirmed and ship in the second quarter of 2014.
Source: Business Wire