EnerDynamic Hybrid Technologies (TSXV: EHT) Receives Purchase Order from AhmadMedix (Pvt.) Limited #Pakistan
Welland, Ontario - September 28, 2018 (Newsfile Corp.) (Investorideas.com Newswire) EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ("EHT") is pleased to announce it has received a purchase order from AhmadMedix (Pvt.) Limited ('AMP"), a Pakistan company which is part of the Izhar Group of Companies, which have become one of the largest multidimensional engineering entity in the Pakistan electro mechanical services; with the addition of Izhar housing, the Izhar Group has revolutionized the construction sector.
The order is for one 3-bedroom house with 7Kw of Solar and one 10Kw solar kit all with the ENERTEC wall and solar systems. These systems will be used to showcase the ENERTEC technology to the Pakistan Solar and Housing Market which very attractive to EHT.
AMP will pay a 50% deposit with the order and the balance when the product is ready to ship from EHT's facility. EHT will send one technician to Pakistan to oversee the building of the house and the setup of the 10Kw solar kit.
John Gamble, CEO of EHT, commented "This order comes after many months of meetings with the Izhar Group. The market for our products in Pakistan will now start once these units are delivered in the next 60 days. The addition of the Izhar Group to the EHT Network of distributors of the ENERTEC products is just another validation of the value of the products we sell."
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 AhmadMedix (Pvt.) Limited and the Izhar Group
AhmadMedix was established in 1988; it has specialized in producing trouble free interior and exterior, foolproof mechanisms of electrical systems, reliable fixations of cabinetry, durable flooring and systematic installation of equipment for convenient utilization.
IZHAR GROUP ("IG") was established in 1959 by Engineer lzhar Ahmad Qureshi, who was highly regarded amongst the veteran engineer's community of Pakistan. Since its inception, the IG has now moved into its 6th decade of successful innovative Construction Operations. The legendary contributions of Mr. lzhar in the arena of Engineering and Construction has progressed IG into a multifaceted organization having an authority over innovative economical building solutions and cherishing successful completion of numerous large infrastructures, industrial, commercial, educational, and other development projects to its credit. We take pride in pioneering/ introducing Precast and Pre-stressed Concrete Solutions in Pakistan. IG innovative techniques have continued to gain momentous popularity year after year and we are producing a wide variety of high-quality pre-cast / pre-stressed structural concrete members to the entire satisfaction of IG's valued customers. The addition of pre-fabricated steel buildings, Electro mechanical Services and Izhar Housing to IG's portfolio over the years has not only revolutionized the construction sector but has cemented IG's supremacy of being the largest Multidimensional Engineering entity of Pakistan. Alhamdollillah, Today Izhar Group of companies is in the third generation of its commercial operations that is committed to deliver quality products, safely on time at a good value. Over the decades, Izhar Group is known for its commitment, consistent performance, norms and excellence thereby playing our part in the National Growth.
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.
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