Dec 12 (Reuters) - Carmanah Technologies Corp CMH.TO :
* PRESS RELEASE - CARMANAH ANNOUNCES AGREEMENT TO SELL ASSETS TO SPX CORPORATION
* CARMANAH TECHNOLOGIES CORP - DEAL FOR USD $77.0 MILLION
* CARMANAH TECHNOLOGIES CORP - NET CASH PROCEEDS OF TRANSACTION WILL RESULT IN TOTAL CASH RESERVES OF APPROXIMATELY USD $88.5 MILLION
* CARMANAH TECHNOLOGIES CORP - AFTER EFFECT OF TRANSACTION, WILL RETAIN 4 OPERATING DIVISIONS