EnerDynamic Hybrid Technologies Corp.
EnerDynamic Hybrid Technologies Corp.
- ISIN: CA29272D1015
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Nachricht vom 13.09.2017 | 14:30
EnerDynamic Hybrid Technologies Secures Ghana System Order and Updates Ivory Coast Project
DGAP-News: EnerDynamic Hybrid Technologies Corp. / Key word(s): Miscellaneous
Welland, Ontario--(Newsfile Corp. - September 13, 2017) - EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ('EHT' or the 'Company') is pleased to announce that it has finalized the contract to supply a 1,000kw solar energy system to Fresh Pak Ghana, a subsidiary of Groupe Nduom, an EHT joint venture partner.
On July 18, 2017, the Company announced it had been awarded a contract from its joint venture partner to supply a 1,000kw solar system, which includes ENERTEC ultra-light solar panels and supporting electronic infrastructure to generate, store and distribute the solar generated power. This was the second order that EHT has received from Groupe Nduom related companies through the manufacturing joint venture between the two parties. The resultant supply agreement was subject to final contract completion and payment being received.
The Company has now received the required cash deposit and the contract finalizing the project. Installation of the system is expected to commence in January 2018 with completion in February 2018. Revenues of approximately CA$2,000,000 are expected from this project.
On July 13, 2017, the Company indicated that there had been delays in the process of finalizing the previously announced contract awarded by the Government of Ivory Coast, West Africa to build up to 50,000 ENERTEC homes. The Government of Ivory Coast had requested local certifications of the ENERTEC modular buildings in addition to those already in place. This has been a slower than anticipated process but the Company has now received the test results from the additional testing required by the Ivory Coast Government. Upon review of the reports by the Company's engineers, the test results were confirmed to be favourable in all respects and the Ivory Coast Government's acceptance of those reports is expected imminently.
Mr. John Gamble, CEO of EHT, commented 'moving from the awarding of a contract to securing the deposit has always been a challenging process in the West African markets. Our new but growing relationship with Groupe Nduom is expanding as we had envisioned and their completion of this second project order continues to speak well of the quality of our partner. This is just the start of many projects we will do through our manufacturing joint venture and we will assemble all the panels for this order in Ghana.' Mr. Gamble went on to say, 'we are also pleased that the additional testing requested by the Government of Ivory Coast has returned the expected results thus allowing us to continue to move forward in the process. We had little doubt as to the outcome of further testing of our ENERTEC product.'
Further updates will be provided on West African business opportunities 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.
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
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/28995
|Company:||EnerDynamic Hybrid Technologies Corp.|
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