Enerdynamic Hybrid Technologies Corp. EDYYF

EnerDynamic Hybrid Technologies Awarded 1,000kw System Order

[OptimumSpectrum]

For those who havent seen the news. Theyre getting sh!t done finally. Solar is the way of the future for almosy every nation...China included.

EnerDynamic Hybrid Technologies Awarded 1,000kw System Order V.EHT | 3 days ago Welland, Ontario--(Newsfile Corp. - July 18, 2017) - EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ("EHT" or the "Company") is pleased to announce that it has been awarded the contract to supply a 1,000kw solar energy system to Fresh Pak Ghana, a subsidiary of Groupe Nduom, an EHT joint venture partner. The contract to supply the system includes ENERTEC ultra-light solar panels and supporting electronic infrastructure to generate, store and distribute the solar generated power. This is the second order that EHT has received from Groupe Nduom related companies; this order is just one of many orders to come through the manufacturing joint venture between the two parties. Installation of the system is expected to commence in December 2017 with completion in January 2018, prior to EHT will build the Enertec Solar Skin's in Welland and ship in mid-October to Ghana for completion. Revenues of approximately CA$2,000,000 are expected from this project. EHT utilizes a "percentage of completion" policy in recognizing project revenues and thus the majority of the revenues from this project will to be reported in Fiscal 2018. Mr. John Gamble, CEO of EHT commented "Our new but growing relationship with Groupe Nduom is expanding as we had envisioned. This is just the start of many projects we will do through our manufacturing joint venture; we will assemble all the panels for this order in Ghana. Mr. Gamble added that "our expertise in this kind of system will allow EHT to exceed the expectations of our partner in Ghana. This project is very important to our entire team, giving them a further opportunity to demonstrate their commitment to excellence across the globe. Residential and industrial customers utilizing EHT's Enertec Solar Systems benefit by having a less expensive and more reliable power source. This also allows the grid power saved by this process to be reallocated to other users thus saving the government substantial investment in power generating and transmission infrastructure. Mr. Gamble went on to say, "our expertise, our exclusive products and our exclusive distribution rights of the critical Alpha Outback electronic components that support the production of alternative energy gives EHT a strong position in the West African market." A deposit on the project, consistent with EHT credit policies, is expected to be received prior to execution of the contract.