EnerDynamic Hybrid Technologies Corp.
EnerDynamic Hybrid Technologies Provides Corporate Update
DGAP-News: EnerDynamic Hybrid Technologies Corp. / Key word(s): Miscellaneous Welland, Ontario–(Newsfile Corp. – June 28, 2018) – EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) (‘EHT‘) is pleased to provide, as part of its continuous disclosure program, a corporate update on several of its various initiatives. EHT has progressed from research & development focused to commercial production and sales focused activities. Customer deposits, orders in process and advancing joint venture relationships are demonstrating that management plans to establish ENERTEC products within the marketplace are progressing. Overview of Activity in the Second Quarter
Corporate Update by Region West Africa
United States: Southwestern Region
United States: Puerto Rico
Multi-National
Domestic Activities
Operational Management has secured a new production and administration facility and will complete the move in the fall of this year. This new facility will have a material positive impact on production processes and administrative systems. The process of seeking patent protection for the Company’s ENERTEC ultra-light solar panel continues (patent pending status already granted) under the guidance of EHT’s solicitors. While no outcome can be assured, this well-advanced process is anticipated to reach conclusion in the current fiscal year. The ENERTEC ultra-light solar panel manufacturing process continues to be refined to reduce costs and maximize production capacity as part of a continuous development program. The ENERTEC PWR Wagon production processes have also advanced rapidly with a focus on allowing final assembly by the purchaser to facilitate more cost-effective shipment and delivery. Mr. John Gamble, CEO/Director of EHT, commented that ‘with so many business activities underway, keeping the marketplace updated is a critical responsibility. We are moving ahead on all fronts and will keep the market updated on more items as events warrant.’ About EnerDynamic Hybrid Technologies EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. EHT’s expertise includes the development of its ENERTEC module structures with full integration of smart energy solutions. Using a proprietary skin and foam core that is stronger than traditional wood or steel structural insulated panels, EHT provides exceptional thermal energy efficiency in modular homes, cold storage facilities, residential/commercial out buildings and emergency/temporary shelters. EHT works with its partners worldwide to erect the buildings on-site utilizing EHT staff and local crews. In addition to traditional support to established electrical networks, ENERTEC buildings excel where no electrical grid exists. About ENERTEC The EHT advanced ENERTEC Modular Wall and Roof 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 siding, tile, kitchens and bathrooms or segregated commercial rooms. The finished wall product can be shipped on pallets and delivered via rail, truck or water in standard formats. At the core of the ENERTEC product line is the ENERTEC Embedded Solar Roof Module. Solar cells can be embedded in a proprietary fire proof skin resulting in substantial cost savings by eliminating heavy glass panels and aluminum racking required for traditional solar panels. Two barriers to greater adoption of solar energy are weight limitations of the roof on which solar panels could be deployed and onerous shipping and labour costs. A lighter product at a better price point will open a larger market for solar due to the faster return of capital investment especially for rural and remote users looking to go off-grid. Furthermore, the entire EHT embedded solar roof becomes a massive solar panel capable of producing significantly more energy than the home requires, allowing the structure to then become an important source of power for the local micro grid or large battery storage systems. 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 relating to sales of the products (the ‘Opportunities’) involves risk, uncertainties and other factors that could cause actual events, results, performance, prospects, for the 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 on the Opportunities outlined 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 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
28.06.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | EnerDynamic Hybrid Technologies Corp. |
Canada | |
ISIN: | CA29272D1015 |
End of News | DGAP News Service |