This symbol change and board additions reflect new growth strategy. ICP Solar now trades on the NASDAQ under the symbol ICPR. The company has also added two prominent new members to their Board of Directors, Dave McDowell and Paul Maycock.
Montreal, Canada, December 6, 2006 - ICP Solar Technologies Inc., a developer, manufacturer and marketer of solar cells and products, announced today that its NASDAQ OTC symbol, ICPR, is effective immediately. The ticker symbol unveiling follows the first Board of Directors meeting held December 4, 2006.
Shortly prior to its first meeting, the Board of Directors was expanded to accommodate two new members. Dave McDowell, former Senior Vice President of Qualcomm and Paul Maycock, Chairman of the Board of the Solar Electric Light Fund were both recently asked to join the leadership of ICP Solar.
"Dave and Paul have shown themselves to be not only experienced business leaders, but also deeply invested in pursuing green technologies," Sass M. Peress, CEO of ICP Solar Technologies said. "Their insight and direction will help guide our management team towards sustainable growth strategies in a marketplace which is now evolving at record pace."
Dave McDowell has a record of working passionately with environmental businesses, remaining an active angel investor and a sought-after strategic advisor to green technology companies. He began his career with IBM, eventually leaving to become President of Novatel and later JRC North America. During his six-year tenure at Qualcomm as Senior Vice President of Global Sales and Marketing, he grew the company from a start-up to a corporation grossing $3 billion in annual sales prior to assuming responsibility for their global mergers and acquisitions as Senior Vice President, Business Strategy.
Paul Maycock has also joined the ICP Solar Board of Directors, and has served on numerous Boards of successful energy companies and organizations. He began his thirty-year career as the Director of the Photovoltaics Energy Systems Division for the US Department of Energy and also spent 11 years at Texas Instruments in a variety of strategic planning positions. He currently serves as Chairman of the Board of the non-profit Solar Electric Light Fund, which has installed over 5,000 photovoltaic systems in the developing world. As president of Photovoltaic Energy Systems, the leading PV market research firm, his monthly newsletter, PV News, goes to readers in 58 countries.
About ICP Solar
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 is expanding its geographic focus with greater intensity in Europe and Asia-Pacific, and concerted efforts to gain retail market share in North America. Through partnerships with premier accounts such as West Marine®, Amazon.com', Wal-Mart®, Conrad Electronics' (Germany), LeRoy Merlin (France), Dick Smith Electronics (Australia), Costco®, and with its exclusive Coleman® branding license, ICP Solar's strategic plan calls for significant market expansion through these retail partners. It is also particularly focused on developing innovative rooftop solutions for the Californian and Spanish solar market, based on its patented thin film designs, as well as OEM automotive solutions for current customers such as Volkswagen and Winnebago.
ICP Solar's management has over 50 years of experience in the solar energy sector. The company currently counts over 55 team members, with headquarters located in Montreal, Canada, and additional locations in the United Kingdom, USA, Ireland and France. Corporate information may be found www.icpsolar.com
For more information:
Ricochet Public Relations
(212) 679-3300 x117