Wal-Mart expands agreement to sell solar chargers

MONTREAL Wal-Mart has agreed to purchase ICP Solar Technologies Coleman-branded solar charger kits for sale in 2,100 U.S. stores during 2009, ICP Solar Technologies reported. ICP is expected to provide an estimated $1.0 million of these units for sale to Wal-Mart next year. The Wal-Mart agreement builds on an existing supply relationship and represents nearly double the sales anticipated for calendar 2008.

“Wal-Mart continues to see strong demand for our Coleman solar chargers given the sustained interest in clean solutions for today’s huge array of energy-consuming products,” said Sass Peress, chairman and ceo of ICP Solar. “Our sleek design and affordable, easy-to-use applications make it simple to harness the power of the sun for consumers’ everyday electricity needs. We expect to continue building on the Wal-Mart relationship and provide additional solar products going forward. Even in today’s volatile energy market, the desire for clean solar energy applications is stronger than ever.”