We are very pleased to announce our first sales to Africa in years, where demand for solar systems has climbed rapidly in the past twelve months, said Sass Peress, Chairman and CEO of ICP Solar. We will be providing our proprietary modules for remote power generation in areas where, given the lack of reliable electricity but continuous availability of sunshine, we will make it possible for thousands of individuals to use portable power products and operate critically-needed equipment.
These sales represent our re-entry into a market that will become a key part of our expansion in 2009, leveraging our innovative line of thin-film applications to harness the power of the sun.
Combined with other announcements during the past two months, ICP Solar has already secured over $5 million of business for the upcoming fiscal year a record for the company at this stage of the contract confirmation season. Considering that we will also be launching several new products in the coming quarters, we remain very well positioned for 2009.