carmanah technologies

  • Tessa Bousfield posted an article
    Carmanah Technologies sweeps both categories with an overall $16,305.72 contribution. see more

    Carmanah Technologies sweeps both categories with an overall $16,305.72 contribution. Challenge brings in a total of $128,320.88 for the Mustard Seed.

    VICTORIA, BC - December 11, 2015 - Participants of the 2015 VIATEC Food Bank Challenge in support of the Mustard Seed gathered at last night’s VIATEC Christmas Party in Centennial Square as winners were revealed. The gathering under the big top tent drew out over 300 guests that were entertained by Ferris Wheel rides, live music from Astrocolor, pictures with Santa inside an inflatable igloo, food trucks, local craft brews and wine, and hot cocoa.

    Carmanah Technologies won first place in both categories: Greatest Overall Contributor and Greatest Per-Employee Contributor. Having received second place by just $300 during the last challenge, they were determined to come in on top!


    2015 Winners


    Greatest Overall Contributor


    Greatest Per Employee Contributor:

    The 13th Annual VIATEC Food Bank Challenge was a very exciting and eventful one. A total of $73,885.12 in cash and 1000lbs of food (worth $2800) was raised in 4 short weeks from November 9th to December 4th, bringing the final 2015 total to a whopping $128,320.88 ($47,135.76 in cash + $4500 in food was raised in February).


    With the Mustard Seed’s buying power, the cash donation amount doubles to $242,041.76. Since its inception, the VIATEC Food Bank Challenge has raised a total of $1,981,296.84.


    “It's the amazing local tech companies that raised all of this cash,” commented Dan Gunn, VIATEC’s CEO. “VIATEC just gave them ways to keep score and cheered them on!”


    To see photos from the Christmas Party, please click here.


    13th Annual VIATEC Food Bank Challenge Participants:

    About VIATEC:

    VIATEC (Victoria Innovation, Advanced Technology and Entrepreneurship Council), started in 1989. Our mission is to serve as the one-stop hub that connects people, knowledge and resources to grow and promote the Greater Victoria technology sector (Victoria's biggest industry).


    We work closely with our members to offer a variety of events, programs and services. In addition, VIATEC serves as the front door of the local tech sector and as its spokesperson. To better support local innovators, we recently acquired our own building (Fort Tectoria) where we offer flexible and affordable office space to emerging local companies along with a gathering/event space for local entrepreneurs.



    Dan Gunn





  • Silkstart Importer posted an article
    The Victoria-based solar company saw its revenue increase to $15.7 million, compared with $9 million see more

    Source: Times Colonist
    Author: Andrew Duffy

    Carmanah Technologies reported a second-quarter profit of $10.3 million, according to statements released this week. The Victoria-based solar company saw its revenue increase to $15.7 million, compared with $9 million in the same quarter last year, when its profit was just $400,000. The company noted the difference was a recognition of $9.9 million in tax assets — investment tax credits and deferred income taxes which allow Carmanah to reduce taxes on current and future earnings realized within Canada. That was previously written off at the end of 2011 due to the uncertainty of usage.

    The company decided to reinstate the assets based on its financial performance over the past six quarters. “Carmanah’s second quarter was very eventful,” said chief executive John Simmons. “During the quarter our sales teams generated record levels of new orders, which led to record high revenues and a substantial book of open orders to be completed during the balance of the year.”