Carmanah Technologies outsourcing core products to Flextronics

This partnership is expected to help control costs and maximize the efficiency of Carmanah Technologies supply chain, while providing a flexible infrastructure for scalable growth. As a result of the outsourcing agreement with Flextronics, the company closed its main manufacturing facility in Victoria, British Columbia. Carmanah Technologies posted a 2008 revenues of $60.6 million including a 40% increase from strategic businesses, along with a strong operating performance prior to a non-cash write down of goodwill due to market conditions.