Company to Showcase Products at Intersolar
MONTREAL, QUEBEC, CANADA – May 13, 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 has hired Laurie McCabe as Business Development Manager for Monitoring and Metering products, tasked with rapidly accelerating the growth of these devices in North America and abroad. Ms. McCabe comes to ICP Solar with over ten years experience in sales, IT consulting, and business development, including time at Oracle Corporation, and she brings specific expertise in the metering space – having worked in the field of programmable logic controllers (PLCs).
Ms. McCabe, along with other Company executives, will participate in the Intersolar show in Munich, Germany, May 27-29. The Company plans to showcase its complete line of innovative solar products – including the recently introduced GreenMeter™ – at this major international event.
“I am excited to announce Laurie’s addition to our team, as she brings a wealth of experience within the metering and monitoring space and has been a proven performer at Oracle and other organizations,” said Sass Peress, CEO. “Her passion and knowledge will be leveraged in bringing our GreenMeter™ to new markets worldwide, and we truly believe we have matched a great product with an equaling impressive business development manager. Laurie will be at our Intersolar booth for the continued launch of our innovative applications, and ICP Solar plans to display its entire line of sunsei™ and Coleman™ branded products at Stand 329 within Hall B2. We hope to meet many investors and customers there.”
Laurie McCabe
Prior to joining ICP Solar, Ms. McCabe worked as an independent consultant – implementing business development strategies and advising clients on sales management, software implementation, and process re-engineering. Her work included extensive consulting within the metering, monitoring, and PLC space. She also spent several years at IssueTrak Software and at Oracle Corporation, where she was instrumental in overseeing sales staffs and, at Oracle, received the Presidents Club Award for outstanding sales performance on several occasions. Ms. McCabe has both a BS in Mechanical & Manufacturing Engineering and an MBA from Worcester Polytechnic Institute.
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.