Montreal, Canada, April 30, 2008 – ICP Solar Technologies Inc. (OTCBB: ICPR, FRANKFURT: K1U.F), a developer, manufacturer and marketer of solar panels and products, today announced that Wal-Mart Stores, Inc. (NYSE: WMT), the world’s largest retail distributor, will now carry the complete line of Coleman® solar chargers including the CL100, CL300,CL600 CL1200 and the CC4000 charge controller on Walmart.com.
"We are thrilled that Wal-Mart.com has decided to carry the complete line of Coleman® solar chargers. Having our products selected by the premier retailer in the world validates the consumer benefits of our innovative solar products and gives us a powerful distribution channel to raise consumer awareness and drive revenue growth,” said Sass Peress, ICP Solar chairman and chief executive officer.
“This line expansion continues to build on the success that our CL-300 solar charger is having in over 2000 Wal-Mart stores across North America,” Tom Clark, ICP Solar’s VP of Sales-Americas. “Our portfolio of products that bring solar into consumers’ homes and lifestyle resonates with retailers whose customers look for the combination of features and value that our line of Coleman® chargers provides. We look forward to continuing to grow this relationship as we continue to provide customers with clean-energy alternatives.”
The Coleman® chargers come with best in class features, a 2-year warranty and will deliver over 50% more power per square inch that competing solar chargers.
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 19 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(R) 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.
Corporate information may be found at www.icpsolar.com
About Wal-Mart Stores, Inc. (NYSE: WMT)
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Company’s securities are listed on the New York Stock Exchange under the symbol WMT. More information about Wal-Mart can be found by visiting www.walmart.com.
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.
Contact:
ICP Solar
Laurent Lafite
Tel: 514-270-5770
Email: Llafite@icpsolar.com
Lippert/Heilshorn & Associates
Jody Burfening/Elric Martinez
Tel: 212-838-3777
Email: emartinez@lhai.com