MONTREAL, QUEBEC, CANADA – October 29, 2008 – 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 signed an agreement for the sale of its Sunsei® solar vents to a major North American supplier of recreational vehicles beginning in 2009. This marks the first time that Sunsei® vents will be installed directly at the factory of an RV producer, and it is estimated that this Fortune 500 OEM will purchase the equivalent of eight container loads next year – worth over $1 million. ICP Solar vents can provide lower maintenance costs to RV owners due to a reduction of mold, mildew, odor and heat inside the internal cabins.
“As the company looks to build on its Sunsei® brand name, we are excited to see that our solar vents will be built into a variety of recreational vehicles for one of the largest producers in North America,” said Sass Peress, Chairman and CEO of ICP Solar. “This supply agreement calls for our vents to be installed directly at the factory – providing solar energy when needed for electrical usage within the vehicle, a very attractive feature that meets the needs of today’s energy-consuming RVs. This application again validates the virtues of our patented technology and innovative designs within the solar field.”
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(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. Additional information may be found at www.icpsolar.com