Newsletter - November 2007

Carmanah Technologies Closes Ontario Distribution In Restructuring - Leaving Hole in Market

Chances are extremely good if you bought renewable energy products in the last 10 years, that some if not all of those products came to you via your dealer from Carmanah Technologies (formerly SPS Energy). They have been known over the years for offering high quality products and services to their dealers.

Carmanah Technologies announced on Thursday November 22nd that they are undergoing restructuring to better position themselves for the future in the renewable energy market. Part of this restructuring involves the closing of their sales and distribution office located in Barrie, Ontario. The Barrie office employed up to five full time people as recent as only a few months ago. Arguably the largest and best stocked renewable energy product warehouse in Ontario, the Barrie office was also a central hub of technical assistance for the many solar dealers in Ontario.

As dealers ourselves, it is hard to imagine how closing the central hub in Ontario can better position Carmanah for the Ontario market in the future, but this action may appease investors looking for better profit margins in the short term. Certainly there are big changes coming that will affect both supply chain management and ultimately the end price for our customers.

One thing is for sure;

Anyone that has been waiting for better prices until they buy their renewable energy package will have to wait no longer. The entire Carmanah Barrie office inventory is being sold off at sale prices that have never been seen in Canada or the USA. The sell off started on Friday, November 23rd, and is set to run until December 21st, at which time the office will close for good. Stock is moving fast, and there is no telling how soon they will run out.

It's a good thing that there are other good distributors in Ontario, and even rumours of a new BIG warehouse coming.......(better keep quiet for now!)

....Continued Next Time!

Signed,

The R.E. Source Store

P.S.-

In related news, we here at the R.E. Source Store would like to take this opportunity to thank Chris Evans and Nick Harper from the Carmanah Barrie Office for their many years of great service and attention to their customers. They will be missed!