MONTREAL, QUEBEC, CANADA – March 3, 2009 – ICP Solar Technologies Inc. (OTCBB: ICPR.OB, FRANKFURT: K1U.F), a developer, manufacturer and marketer of proprietary solar panels and products, today announced that the Company’s Sunsei® GreenMeter™ has been approved for certain solar-based incentives in the State of California. Specifically, the GreenMeter™ has been added to the list of approved products under California’s PMRS subsidy program, such that residents installing this unique ICP Solar application will qualify to receive rebates, tax credits, and other incentives under the “Go Solar California” initiative – a $2.2 billion program. The Sunsei® GreenMeter™ is now listed as an eligible Meter and the associated web service is listed as an eligible Performance Monitoring and Reporting Service provider.
“California installers can now offer their clients an advanced, accurate metering and monitoring product with an even more attractive value proposition – making it easier to spur adoption of this innovative, solar-powered solution,” said Sass Peress, CEO. “Expanding into the California solar market – the largest in North America – is critical to our successful rollout out of the Sunsei® GreenMeter™ and establishing it as the leading application of its kind.”
ICP Solar is a developer, manufacturer and marketer of solar panels, solar cell based products, solar monitoring software and solar power management solutions. Through the application of its own intellectual property and next-generation technologies, the Company aims to be the solar industry's innovation leader. For the past 20 years, ICP Solar has been a lead innovator in the consumer solar market and has now begun to apply that same innovation philosophy to the OEM, rooftop and power generation segment of the solar industry. ICP Solar's management has over 50 years of experience in the renewable energy sector. ICP Solar markets its products under its Sunsei® brand of solar products and is the North American licensee of the Coleman® brand in the solar charger category. ICP Solar is also helping the environment by offering these solar technologies and green solutions to the renewable energy sector. The company's headquarters are located in Montreal, Canada, with an R&D center in St. John’s Canada and additional locations in the USA, Ireland, France and the UK. Additional information may be found at www.icpsolar.com.
ICP Solar Technologies, Inc.
Sass Peress, Chief Executive Officer
Phone: 514-270-5770
Investor Relations
Chris Witty
Email: cwitty@darrowir.com
Phone: 646-438-9385
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 ICP Solar Technologies Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in ICP Solar Technologies Inc.’s Annual Report for the fiscal year ended January 31,2008, as filed on EDGAR at www.sec.gov. The risk factors identified in ICP Solar Technologies Inc. Annual Report are not intended to represent a complete list of factors that could affect ICP Solar Technologies Inc. Accordingly, readers should not place undue reliance on forward-looking statements. ICP Solar Technologies Inc. does not assume any obligation to update the forward-looking information contained in this press release.