EnerDynamic Hybrid Technologies Enters Supply Agreement with Marcon International Inc.
Welland, Ontario (Newsfile Corp. - July 6, 2017) - EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ('EHT' or the 'Company') is pleased to announce that it has executed a Supply Agreement with Marcon International Inc, ('Marcon'), a wholly-owned subsidiary of Augusta Industries Inc (TSXV: AAO).
The Supply Agreement will allow Marcon, a Mississauga based industrial equipment supplier, to offer the EHT ENERTEC product line to its established customer base which includes several large United States government agencies as well as long standing oil and gas companies. Marcon maintains an operating presence in Washington D.C. and London, England in addition to its Ontario office.
The supply agreement will allow EHT to benefit from experienced partners such as Marcon with a track record of selling quality products into the United States government supply chain and the oil and gas sector market. The ENERTEC product line is expected to fit well into the disaster relief, remote housing and alternative energy production segments within the North American marketplace.
Mr. John Gamble. CEO of EHT commented 'This agreement further exemplifies the various sectors that EHT's products are suited for and the quality of partners like Marcon that the Company is attracting. Mr. Gamble went on to say, 'our expertise, our exclusive products in the ENERTEC line, and our experience in electronic components that support the production of alternative energy all provide EHT with an expanding position within its target markets.'
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.
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.
About Marcon International Inc.
Marcon is involved in the industrial supply of equipment and parts procuring for its clients which are principally clients in the oil and gas industry and United States government agencies such as the Department of Defense, Department of the Interior, Department of Homeland Security and Department of Agriculture.
Marcon is engaged in providing procurement and support services to existing and new projects worldwide in the energy sector. Initially the company had focused on providing services in the energy sector but moved on to government contracts and government services. Marcon has two subsidiaries, Marcon USA and Marcon UK, to help enhance and support its logistic and sales operations. Over the years it has established a good reputation and has been a consistent performer for its clients in the government as well as the international oil and gas industry.
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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06.07.2017 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: Enerdynamic Hybrid Technologies Corp.
Canada ISIN: CA29272D1015 End of News DGAP News Service