Welland, Ontario - May 1, 2018 (Newsfile Corp.) (Investorideas.com Newswire) EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ("EHT") is pleased to provide a corporate update, as part of its continuous disclosure program, on its various initiatives that are in process currently.
The first quarter financial results, available on SEDAR.com, show that EHT has progressed from research & development focused in the first quarter of 2017 to commercial production and sales focused activities currently. 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 First Quarter
Corporate Update by Region
United States-Southwestern Region
United States-Puerto Rico
Management is currently reviewing new facilities throughout the Niagara region as part of the process of moving the organization to a new building. The new facility is expected to be more modern and while a smaller footprint, production capacity and efficiency is expected to increase materially.
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 felt that a detailed corporate update following our quarterly filings was the most beneficial way to provide an update to the market and our shareholders. Not all business activities meet the threshold to warrant an individual news release, but a broad update allows for discussion of some of those less material but still important matters."
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
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