North Coast Solar Stocks

February 12, 2008

ICP Solar Expands Distribution Relationship with Wal-Mart

Filed under: ICPR — Tags: , , — Jason @ 8:59 am

Tuesday February 12, 8:59 am ET

Coleman(R) 12V Solar battery chargers to be distributed in over 2000 Wal-Mart Stores

MONTREAL–(BUSINESS WIRE)–ICP Solar Technologies Inc. (ICPR.ob), a developer, manufacturer and marketer of solar panels and products, today announced that Wal-Mart Stores Inc (WMT), the world’s largest retail distributor, will carry the Coleman® 12V solar battery charger range, designed and made by ICP Solar, in 2000 stores across the United States..

“We are thrilled to be significantly expanding our relationship with Wal-Mart. They are the premier retailer in the world and our companies have always shared the same customer centric strategies. As part of their leadership stance in the energy efficiency arena, Wal-Mart is demanding that their supplier’s products live up to their motto of “saving people money” by helping them use less energy, reduce their energy cost, allowing them to become better stewards of the environment by reducing their carbon footprint,” said Sass Peress, ICP chairman and chief executive officer. “Our products are a perfect fit. The Coleman® 12V solar 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.”

“The US market is the largest solar market in the world and following our success with Wal-Mart in Canada, we are proud to expand our relationship with the largest retailer in world, here in the US market,” said Tom Clark, ICP Solar’s VP of Sales-Americas. “In order for a product to become part of Wal-Mart’s clean-energy range of products, it must meet the highest standards. The Coleman® brand, which we license from Jarden Corporation (NYSE: JAH – News), has been a mainstay of the Wal-Mart outdoor line because of its quality and durability. The fact that Wal-Mart chose to carry our product in over 2000 stores validates the investments we have made, in order to ensure that our licensed Coleman® branded solar chargers are the most innovative and reliable products of their kind. We look forward to a long and rewarding relationship with Wal-Mart in its drive to provide clean-energy alternatives to its customers.”

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