Enerdynamic Hybrid Technologies Corp. EDYYF

News: EHT Provides Update on Puerto Rico

[IvanVanBeethoven]

Ground-Breaking Ceremony Set for October 23rd

Thu, October 21, 2021, 11:00 AM

NIAGARA FALLS, ON / ACCESSWIRE / October 21, 2021 / EnerDynamic Hybrid Technologies Corp. (TSXV:EHT) ("EHT" or the "Company"), a global leader in renewable energy solar and wind technologies, is pleased to provide an update on its progress in Puerto Rico with its joint venture partner Brieke Family Assets Ltd (BFA) and announce the ground-breaking of its CAT5 home project in Puerto Rico on October 23^rd.

EHT and BFA use their patented design and sustainable materials to create high performance net-zero housing products for global residential, commercial, and public sector applications. As part of the massive hurricane Maria recovery effort, EHT and BFA have received 341 orders (avg. $150K per home in revenue) to build virtually indestructible cement block and solar-powered homes across Puerto Rico. The Company, which started the construction process in September, expects to finalize the first 35 homes by Q1 of next year and ramp up capacity to build 50+ homes per month starting in March 2022.

John Gamble, CEO and Jerry Foster, President of EHT, will be traveling to Puerto Rico to attend the much-anticipated ground-breaking ceremony. "This has been a long process, but we are encouraged by the increase in government funding to accelerate the 44K homes that must be rebuilt in Puerto Rico. Our dedication to this project is an important element of EHT's growth plan in 2022 and beyond" said John Gamble, CEO of EHT.

Climate change contributes to more frequent and intense weather patterns not only in the Caribbean and North America, but across the entire globe, which means more sustainable fabrication and renewable power systems are critical.

"The recent Hurricane Ida in Louisiana is the latest storm to decimate many homes and structures, and in its aftermath, it's increasingly clear that providing CAT5 homes is one of the only viable sustainable solutions to helping people retain their homes in even more extreme storms to come" says Jerry Foster, President of EHT.

EHT and BFA are also pleased to release the newest CAT5 3-bedroom villa designs which will be used in the Puerto Rico project. The designs and 3D home model can be viewed here: https://www.youtube.com/watch?v=hc_9evfwn_I

BFA's presentation highlighting the benefits of the BFA/EHT JV building solutions, including the award-winning blueprint designs can be viewed here: https://www.youtube.com/watch?v=hc_9evfwn_I

EHT will also be meeting with Claro (www.claropr.com), a major telecom provider in Puerto Rico, to present the Windular Smart Tracking wind system for the telecom industry. "The Windular system is ideally suited for locations such as the Caribbean where extreme weather events can result in power outages of telecom towers. Our system's ability to operate during these storms means mobile phone customers can stay connected for longer, and we know that can save lives" added Foster.

https://finance.yahoo.com/news/eht-provides-puerto-rico-ground-090000867.html

[Cool_Law]

Ain’t going to be this cheap much longer with 341 homes at 150,000 each that’s over 51 million in revenue..... Hold Long Stay Strong  GLTA

[yvrean]

Am I reading this correctly?  In the excerpt of para 3 starting with John Gamble "...the increase in government funding to accelerate the 44K homes that must be rebuilt in Puerto Rico..." With 341 homes at 150K per home, out of 44K homes at 150K per home even if EHT got 10% of that rebuild, that's a lot of revenue.

[Maxmoe]

That's the way I read it. BUT, how many of those 44,000 homes will be rebuilt? Ever? How many can afford the $150,000 per unit, and up, or can get it financed? As you say though, even 10% is a huge number. 341 homes is less than 1%. $50 million is a solid foundation. Pun intended. The cost of importing building materials to a Caribbean island that will meet minimal building codes is also

[Cool_Law]

Well the US is kicking in 44 billion so I think it will be affordable fir the people , and they are making all there blocks in PR so not much to import ... plus they do need skilled workers to assemble the homes ...so a win win for EHT , The people if PR and of course those of us who are actual share holders of EHT ... GLTA

[SoreazzySam]

The market is telling you Bozos exactlt what it believes about each and every NR this company puts out.RED every day .Why because they announced this same craap ten times the past 2 years and never shown a nickle on the financial staements yet...........When you screw up so much it takes a lot to gain credibility again........Market is smarter than dummy pumpers....New lows coming that would be a

[Maxmoe]

Yup, it's even a big win for the us taxpayer. Sourcing as much as possible locally is a plus, high employment, obviously, but less obvious is the fact the people of PR are us citizens and even a cynic would agree it's way cheaper to subsidize disaster proof homes than it is to pay for the clean up every year or two or to absorb tens or hundreds of thousands of immigrants. The USA doesn'