EHT Signs Letter of Intent to Acquire U.S. Military Housing Contractor
Donnerstag, 22.12.2016 15:10 von DGAP
DGAP-News: Enerdynamic Hybrid Technologies Corp. / Key word(s):
Miscellaneous
EHT Signs Letter of Intent to Acquire U.S. Military Housing Contractor
22.12.2016 / 15:05
The issuer is solely responsible for the content of this announcement.
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Toronto, Ontario--(Newsfile Corp. - December 22, 2016) - Enerdynamic Hybrid
Technologies Corp. (TSXV: EHT) ('EHT' or the 'Company'), has signed a
letter of intent to acquire Fairfax, Virginia based EEB Systems LLC, the
modular housing division of U.S. government contractor Technology and
Supply Management LLC.
The acquisition of EEB Systems, expected to be concluded in the next 90
days following due diligence, will give EHT an entry into the lucrative
market of building barracks in largely foreign locations for the U.S.
military, of which EEB has successfully completed over US$20-million of
such projects. Terms of the deal are to be negotiated upon completion of
the due diligence period.
EEB has developed a unique modular housing system proven by the U.S. Army
to deliver energy savings in excess of 65% over conventional barracks and
when combined with EHT's Enertec embedded solar roof will render these
buildings self sufficient for cooling, heating and lighting.
The complementary technologies, which will also benefit from EHT's fire
retardant skin, will give the combined companies a unique advantage for
bidding on U.S. Government contracts.
As part of the transaction, the current President of EEB Systems will
continue in his current role and also join EHT's management team.
EEB will also bring deep knowledge and experience in the area of project
management, which will enhance EHT's capabilities for building large scale
housing projects in Africa, specifically in Ivory Coast where EHT has
signed a letter of intent on a project to build as many as 50,000 homes for
a branch of the military.
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/24250
News Source: Newsfile
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22.12.2016 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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532691 22.12.2016