SOURCE: ICP Solar

April 16, 2010 13:11 ET

ICP Solar Expands Management Team

Hires EPOD PV Development Group

MONTREAL--(Marketwire - April 16, 2010) -  ICP Solar Technologies Inc. (OTCBB: ICPR) (FRANKFURT: K1U) ("ICP"), announced today that it has hired Satpal Sidhu as its Chief Operating Officer along with 5 other professionals from EPOD who specialize in the PV solar farm construction and management sector as part of ICP's new focus on the PV solar energy sector. "The addition of Mr. Sidhu and the PV team to ICP adds significant strength to ICP's management as they bring a combined 30 years of experience in the solar PV industry," said Mike Matvieshen, Chairman and CEO of ICP Solar.

Mr Sidhu was previously the Chief Operating Officer of EPOD Solar Inc. Prior to that, he held the position of Dean of Professional Technical Education at Bellingham Technical College. Prior to serving in that position, Mr. Sidhu held senior managerial and vice president positions in several manufacturing-related businesses. He has over 30 years of professional experience in management of complex industrial operations, construction projects and enterprise management. In 2005, Mr. Sidhu was designated a Fulbright Scholar. He is a licensed engineer and holds a Bachelor's degree in Electrical Engineering, a Bachelor of Science degree in math and physics and a Master's of Business Administration.

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. Management at ICP Solar has over 50 years of experience in the renewable energy sector. ICP Solar markets its products under its sunsei® brand and in the solar charger category, is the global licensee of the Energizer® brand. The company's headquarters are located in Montreal, Canada with additional locations in the United States, Ireland, and France. Additional information may be found at www.icpsolar.com and www.energizersolar.com

About Peterborough Utilities Inc.
Founded in 1914, the Peterborough Utilities Commission (PUC) operated in Peterborough for more than 85 years as a not-for-profit organization. Restructured in 2000, the PUC became part of the Peterborough Utilities Group with a number of new companies established within the group including Peterborough Utilities Inc. which manages electrical generation and retail services. Today, Peterborough Utilities Inc. (PUI) operates several Electrical Generation facilities, provides Meter Service Provider (MSP) and Meter Data Management Agency (MDMA) services and manages Rental Services including water heater rentals and sentinel lighting rentals

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.

Contact Information

  • FOR INFORMATION CONTACT:

    ICP Solar Technologies
    Mike Matvieshen, Chairman & CEO
    250-491-8111