North Coast Solar Stocks

June 3, 2009

ICP Solar Experiences Strong GreenMeter Demand at Intersolar

Filed under: ICPR — Tags: , , , , — Jason @ 8:00 am

Company Concurrently Receives Approval to Supply Australia Initiative

Wednesday June 3, 2009, 8:00 am EDT

MONTREAL–(BUSINESS WIRE)–ICP Solar Technologies Inc. (ICPR.OB), a developer, manufacturer and marketer of proprietary solar panels and products, today announced that the Company saw heavy turnout at its Intersolar booth in Munich, Germany and received orders for GreenMeter® equipment in Europe, North America, Australia, and the Middle East. Several hundred visitors were drawn to the ICP Solar display, including a number of existing users of the GreenMeter®.

While at Intersolar, ICP Solar was informed that the GreenMeter® had been approved for listing in the Australian National Register for the National Solar Schools Program, an initiative to outfit the country’s education facilities with solar power and monitoring devices. The program is meant to provide both clean energy and teaching tools, and ICP Solar expects the GreenMeter® approval could potentially lead to the sale of thousands of units in the coming year.

“The events of the past week clearly demonstrate the growing demand for our GreenMeter® products worldwide,” said Laurie McCabe, Business Development Manager for Monitoring and Metering. “Not only were new clients placing orders at Intersolar, but existing test customers came by and expressed great satisfaction with the systems – as they are easy to install and provide information that aids the sale of solar installations, validating proof of concept and return on investment. With the GreenMeter®, people can instantly see the impact of utilizing alternative energy to reduce overall power costs.

“We also anticipate that our presence in Australia will rapidly expand due to the National Solar Schools Program. ICP Solar will be shipping its next generation GreenMeter® products later this month, and we have already built significant brand awareness across the globe.”

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