NIAGARA FALLS, ONTARIO / ACCESSWIRE / February 19, 2020 / EnerDynamic Hybrid Technologies Corp. (TSXV:EHT) ("EHT") is pleased to provide an update on its Ghana UNOPS Solar Contract.
As we previously announced, we scheduled a meeting on our last trip to Ghana with SHS Sustainable Housing ("SHS"), which is partnered with the UNOPS for the 100,000-housing project in Ghana. At the meeting with the SHS Director, we discussed the contract we have with the Ministry of Housing and our Enertec Solar Solution that will be utilized and the benefit thereof to SHS.
While the UNOPS project is running about 8 months behind schedule, since the first site chosen did not meet all the requirements and a new site had to be secured, both SHS and EHT agreed that now is the time to initiate the process to have EHT be officially included on the SHS project list of suppliers. Since EHT CEO's return from Ghana, we have now assembled and filed all the documents required by the UNOPS program with SHS for EHT to become a supplier to the project and receive all the final drawings required to supply the ENERTEC Solar System thereto.
We anticipate we will have all the requisite housing drawings etc. in the next few weeks and will then be in a position to move forward with the contract to start the necessary supply in Q4 of 2020. We will continue to update the market as we move forward with this order.
The UNOPS order is part of the Government of Ghana's Building of Social Green Housing initiative that is at the forefront of the Government's Solar program and one of its priority governmental infrastructure projects.
John Gamble, CEO of EHT, commented that "We are pleased to move this project ahead, as we know projects in other countries take longer than originally planned. EHT is well positioned now in Ghana to move ahead with this and our other projects and will continue to look for other opportunities there as they present themselves."
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.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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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SOURCE: EnerDynamic Hybrid Technologies Corp.
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