MONTREAL--(BUSINESS WIRE)--ICP Solar Technologies Inc. (OTCBB: ICPR.OB, FRANKFURT: K1U.F), a developer, manufacturer and marketer of proprietary solar panels and products, today announced that it continues to see traction in its path to profitability this year. Since the beginning of 2009, the Company has further reduced overhead expenses and increased gross margins, while its order book remains strong. In light of these operational improvements, the Company anticipates holding its first ever earnings conference call on or around April 29th for its fiscal year end. Additional details will be forthcoming.
“We are pleased to report continued improvement in our performance and the underlying fundamentals of our business,” said Sass Peress, CEO. “Our order book remains healthy, and we have seen new orders stay relatively constant as the year progresses. In addition, our Sunsei® GreenMeter® distribution has gone according to plan, and we have several installations up and running flawlessly – with many new products set to be launched in the months ahead thanks to the substantial research and development conducted during the past year. In challenging times such as these, we are gratified to see consumers remain steadfast in their choice of the high-quality Sunsei® and well-recognized Coleman® brands, which fit the needs for versatility, durability, and ease of use in a variety of solar energy applications. ICP Solar sees fiscal 2010 as starting off well, and we look forward to holding our first ever earnings call later next month.”
Tuesday, March 31, 2009
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