ICP Solar Technologies, Inc. (ICP Solar) has reported net sales of $5.9 million for the fiscal year-end 2009, compared with the net sales of $6.5 million in the previous year-end. It has also reported a net loss of $9.3 million for fiscal year-end 2008, or $0.28 loss per share, for the fiscal year-end 2009, compared with the net loss of $4.2 million, or $0.14 loss per share, in the previous year-end.

Highlights For Fourth Quarter Of Fiscal 2009:

Sales were $0.9 million for the fiscal fourth quarter, up 39% from $0.7 million in the fourth quarter of fiscal 2008.

SG&A expenses declined 50% in the fourth quarter ended January 31, 2009 versus the fourth quarter of fiscal 2008.

Adjusted EBITDA was $(0.9) million for the quarter, versus $(1.8) million in the quarter ended January 31, 2008.

ICP Solar also recently announced a number of important developments, including an expanded licensing agreement with The Coleman Company, the introduction of additional long-lasting Sunsei lighting products, and new distribution partnerships with both OutBack Power Systems and Integrated Metering Systems

Financial Results:

Revenue for the fourth quarter of fiscal 2009 was $0.9 million, as compared with $0.7 million in the fourth quarter of fiscal 2008, reflecting increased shipments of the company’s products in North America. Gross loss was near breakeven at $(28,924), versus a gross loss of $(0.3) million in 2008. The company’s operating loss for the quarter was $(1.3) million versus $(2.6) million in the prior-year period, with the decrease primarily due to lower selling, general and administration expense. Adjusted EBITDA for the fourth quarter of fiscal 2009 was $(0.9) million, as compared with $(1.8) million in the fourth quarter of fiscal 2008. The company posted a comprehensive net loss for the fourth quarter of $(2.4) million, or $(0.07) per diluted share, compared with a net loss of $(2.6) million, or $(0.09) per diluted share, in fiscal 2008.

Sass Peress, chief executive officer said, “In recognition of our current positioning, expertise, and the optimism we see for the future of our industry, ICP Solar will hold its first ever earnings conference call on Wednesday, April 29th for the fourth quarter of fiscal 2009. We certainly hope that many long term investors and equity research analysts can join us as we review results and discuss our growth strategy for fiscal 2010. As the economy recovers and oil prices invariably rise, we anticipate even greater interest in our unique, mobile, technology-leading solar applications. ICP Solar has never been better positioned for growth and performance improvement than it is today.”