EnerDynamic Hybrid Technologies Corp., CA29272D1015

EnerDynamic Hybrid Technologies Corp., CA29272D1015

10.10.2017 - 13:05:26

EnerDynamic Hybrid Technologies and Northern Shield Development Corporation Announce Contract Award

Welland, Ontario and Barrie, Ontario (Newsfile Corp. - October 10, 2017) - EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ('EHT') and Northern Shield Development Corporation ('NSDC') are pleased to announce their joint effort has paid great dividends landing contracts for First Nation and Aboriginal Housing.

EHT and NSDC have won 3 contacts to date totalling over $2,000,000 in booked revenue with deposits. The projects are in Ontario and Labrador and will be completed by the spring of next year. Working together, EHT will supply the walls and roofs of the houses and NSDC will put in the basements and the team will work together on the finishing and fixtures.

Steve Marshall, President of Northern Shield, commented, 'We have worked very hard over the last months with various First Nations showing them the benefits of EHT's modular housing system with the solar embedded roof; we have had great reception in the product and have a solid pipeline for next year'.

John Gamble, President and CEO of EHT, remarked, 'We are very pleased with the progress NDSC has made over the last months. We have a very good product and now we are seeing the uptick in sales in this sector'. Mr. Gamble went on to say, 'this now increases our current Work In Progress to over $5,000,000 with more orders in the pipeline, giving us a solid future for next year.'

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 ENERTEC

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.

ENERTEC Products have received CAN/ULC 102 Fire Rating along with ASTM E72-15 approval for 'Standard Test Methods of Conducting Strength Tests of Panels for Building Construction'

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 GambleDirector(289) 488-1699jgamble@ehthybrid.cominfo@ehthybrid.comCompany 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/29553

10.10.2017 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.de

Language: English Company: EnerDynamic Hybrid Technologies Corp.

Canada ISIN: CA29272D1015   End of News DGAP News Service

617373  10.10.2017 

@ dgap.de

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