ICP Solar Technologies Inc. announced that it has partnered with Universal Power Group in a third-party logistics and supply arrangement designed to leverage ICP Solar's broad product line and UPG's sourcing and distribution expertise. By drawing on UPG's inventory and logistics support, ICP Solar can now increase its focus on innovation, marketing and sales.

ICP Solar Technologies Inc. announced that it has been awarded programs from Costco Canada worth up to $1million, a substantial increase from 2009, indicative of the company's expanded product portfolio. Shipments of the solar chargers are expected to begin during the fourth quarter.

ICP Solar Technologies Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2009. For the quarter, the company reported revenue of $1.4 million, as compared with $1.9 million for the second quarter of fiscal 2009, reflecting global economic conditions and supply chain constraints. The company's operating loss was $0.6 million versus $1.4 million in the second quarter of fiscal 2009, with the decrease primarily due to lower SG&A expense. The company posted a comprehensive net loss for the second quarter of $7.1 million, or $0.19 per basic and diluted share, compared with a net loss of $3.6 million, or $0.11 per basic and diluted share, for the second quarter of fiscal 2009. Results for the current period include approximately $6.5 million in non-cash charges related to the company's warrants and convertible debentures. Net loss before income taxes was $7.1 million compared to $2.8 million for the same quarter a year ago. Negative adjusted EBITDA was $388,944 compared to $1.3 million for the same quarter a year ago. For the six months, the company reported comprehensive loss of $13 million or $0.35 per basic and diluted share on net sales of $2.8 million compared to comprehensive loss of $4.6 million or $0.13 per basic and diluted share on net sales of $3.8 million for the same period a year ago. Operating loss was $1.3 million compared to $2.4 million for the same period a year ago. Net loss before income taxes was $13 million compared to $3.7 million for the same period a year ago. Negative adjusted EBITDA was $719,250 compared to $1.5 million for the same period a year ago.