EHT Provides Update on Ivory Coast Housing Project

Montag, 12.12.2016 14:40 von DGAP - Aufrufe: 49

DGAP-News: Enerdynamic Hybrid Technologies Corp. / Key word(s): Miscellaneous EHT Provides Update on Ivory Coast Housing Project 12.12.2016 / 14:36 The issuer is solely responsible for the content of this announcement.
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Toronto, Ontario--(Newsfile Corp. - December 12, 2016) - Enerdynamic Hybrid Technologies Corp. (TSXV: EHT) ('EHT' or the 'Company') is pleased to announce the signing of a Letter of Intent to build 50,000 homes in Ivory Coast for a branch of the military. Fondation General Akissi, which as part of the Ivory Coast military is tasked to build houses for military families, has agreed to enter a contract with Maple Leaf Holdings SA, a company in which EHT is a shareholder, for the building of two, three and four bedroom homes using the company's sustainable Advanced Modular Housing System with the embedded Enertec solar energy system. It is expected that the contract for the 50,000 homes will be signed in early January for a build-out in 10,000 home tranches. John Gamble EHT's CEO comments, 'We are very pleased with the milestone in our African development, we are now on our way to completing the first large housing order contract in Africa which we are confident will be the start of many similar projects in other countries.' EHT will report back in January on the economics of the contract upon receiving details from the Ivory Coast military/government. EHT's Advanced Modular Housing System uses a proprietary skin and foam core that is stronger and more energy efficient than traditional wood or steel structures providing the highest ratings for energy efficiency. EHT works with its partners worldwide to erect the buildings on-site utilizing EHT staff and local crews. After installation, each structure can be furnished and finished to meet the customer's requirements including customer requests for siding, tile, kitchens and bathrooms. The EHT Advanced Modular Housing System is shipped on pallets and can be delivered via rail, truck or water in standard formats. The Company's innovative 'Enertec' Embedded Solar Roof is a breakthrough in the industry, offered as part of EHT's Advanced Modular Housing Systems or as a standalone product in a carport, shed roof or as the roof of a solar powered emergency shelter. By embedding the solar cells into its unique fire proof skin, EHT has replaced the need to install heavy glass panels and aluminium racking, an application limiting weight load in traditional solar panels resulting in a much lighter and less expensive solar solution. EHT believes that this breakthrough will open up a large market for roof top solar, as many roofs were not designed to carry the weight of traditional solar panels. The lower cost will also drive faster paybacks for customers looking for off grid power or a replacement of ever increasing grid power costs. The entire EHT embedded solar roof becomes a massive solar panel capable of producing significantly more energy than the home requires, allowing the home to then become an important source of power for the local micro grid or large battery storage systems. About EnerDynamic Hybrid Technologies EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. Most energy products and solutions can be implemented immediately wherever they are needed. EHT stands above its competitors by combining a full suite of solar PV, wind and battery storage solutions, which can deliver energy 24 hours per day in both small-scale and large-scale format. In addition to traditional support to established electrical networks, EHT excels where no electrical grid exists. The organization supplies advanced solutions for various industries in combination with energy saving and energy generation solutions. EHT's expertise includes the development of module structures with full integration of smart energy solutions. These are processed through EHT's production technologies into attractive applications: modular homes, cold storage facilities, schools, residential and commercial out buildings and emergency/temporary shelters. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements herein that are not historical facts are forward-looking statements. Forward-looking information involves risk, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Although EHT believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. EHT disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws. FOR FURTHER INFORMATION PLEASE CONTACT: John Gamble Director (289) 488-1699 jgamble@ehthybrid.com info@ehthybrid.com Company Website: www.ehthybrid.com Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/24028 News Source: Newsfile
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12.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: Enerdynamic Hybrid Technologies Corp. Canada ISIN: CA29272D1015 End of News DGAP News Service
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528945 12.12.2016
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