MONTREAL, Dec. 31, 2009 (GLOBE NEWSWIRE) -- ICP Solar Technologies Inc. (OTCBB:ICPR) (Frankfurt:K1U), a developer and marketer of innovative, proprietary solar panels and products, announced that it has signed a licensing agreement with Opti Solar Technologies Inc. for the use of its proprietary amorphous silicon solar PV manufacturing technology. With this licensing agreement in place, ICP expects to be able to enhance the manufacturing process for some of its products by allowing its manufacturing partners to access the technology. "We look forward to the opportunity to utilize the technology to better enhance our consumer goods product line and solar park projects as part of our new strategic direction," said Sass Peress, CEO of ICP Solar.
About ICP Solar Technologies:
ICP Solar is a developer and marketer of solar panels, solar monitoring and 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(R) brand and, in the solar charger category, is the global licensee of the Energizer(R) brand. The company's headquarters are located in Montreal, Canada, with an R&D center in St. John's, Canada and additional locations in the United States, Ireland, France and UK. Additional information may be found at www.icpsolar.com, www.energizersolar.com and www.energizersolar.eu.
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of ICP Solar Technologies Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in ICP Solar Technologies Inc.'s Annual Report for the fiscal year ended January 31, 2009, as filed on EDGAR at www.sec.gov. The risk factors identified in ICP Solar Technologies Inc. Annual Report are not intended to represent a complete list of factors that could affect ICP Solar Technologies Inc. Accordingly, readers should not place undue reliance on forward-looking statements. ICP Solar Technologies Inc. does not assume any obligation to update the forward-looking information contained in this press release.