EHT Provides Update on Ivory Coast Housing Project
Montag, 12.12.2016 14:40 von DGAP
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.
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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