CWRUObserver.com -Financial News and Headlines - NYSE, Nasdaq, OTC's

[Rager]

ICPR - ICP Solar Technologies Announces New Coleman(R) Solar Charger Program at Wal-Mart Stores
Wednesday May 16, 2:53 am ET


New Launch Provides Lowest Cost-Per-Watt Off-Grid Solar Chargers Available
MONTREAL, May 16 /CNW/ - ICP Solar Technologies Inc. (OTCBB: ICPR and FRANKFURT: K1U.F) today announced that it completed the fulfillment of a first order from Wal-Mart's (WMART) Canadian division, of the 2007 Coleman Solar Charger programme.



The new range of latest generation thin-film solar panels has recently begun to hit the store shelves at nearly 300 Wal-Mart Canada stores, in concert with Wal-Mart's corporate objective to increase its involvement in "green" technologies. Its panels are up to 50% more efficient than competitively branded thin-film amorphous solar chargers on similar "mass merchant" retail shelves in Canada.

Sass Peress commented, "The delivery of this new programme places Wal-Mart ahead of any other solar panel retailer in Canada and permits us a testing ground for an eventual similar program across Wal-Mart's international divisions. The partnership between the Coleman(R) and Wal-Mart brands is longstanding, and ICP Solar is proud to have developed this latest technology programme for its stores. We are already seeing increased sell-through at the retail level and anticipate significant year-on-year growth through this distribution partner."

About ICP Solar Technologies Inc.

ICP Solar is a developer, manufacturer and marketer of solar cells and solar cell based products and building materials. Through the application of next-generation technologies and use of proprietary intellectual design, the Company aims to be the industry's innovation leader. For the past 18 years, ICP Solar has led the consumer market through innovation and has now begun to apply that same philosophy to the OEM, rooftop and power generation segments of the solar industry.

ICP Solar's management has over 50 years of experience in the solar energy sector. The company has its headquarters located in Montreal, Canada, and additional locations in the United Kingdom, Spain, USA, Ireland and France. Corporate information may be found at www.icpsolar.com

ICP Solar products can be found worldwide in retail stores such as Wal-Mart, Costco, Conrad Electronics (Germany), LeRoy Merlin (France), and Dick Smith Electronics (Australia). Its current focus in Europe is developing rooftop solutions and working to develop OEM solutions for automotive markets, working with auto manufacturer Volkswagen.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements herein include, but are not limited to, the expected expansion of our solar solutions into Europe Middle East, Asia and Africa. Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures and general economic conditions, and our financial condition. These and other risks and uncertainties are described in more detail in our most recent SB-2 filing with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.

For further information

ICP Solar Technologies Inc. Sass Peress, 514-270-5770 Chairman and CEO [e-mail] or Leon Assayag, 514-270-5770 Chief Financial Officer [e-mail]



--------------------------------------------------------------------------------
Source: ICP Solar Technologies Inc.