EnerDynamic Hybrid Technologies Announces Strategic Partnership with Financier Elevate Export Finance Corp.
Toronto, Ontario--(Newsfile Corp. - June 11, 2018) - EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ("EHT" or the "Company") is pleased to announce it has entered into a strategic partnership with export financing company Elevate Export Finance Corp. ("Elevate"). In working with Elevate, EHT can now provide its foreign customers with financing options that support its ENERTEC turn-key energy solutions products.
Elevate, an established partner of the Canadian government's Export Development Canada ("EDC"), will offer EHT customers competitive rates, medium term loans of up to $10 million USD via a streamlined process and supported by Elevate's private lending network. The energy cost savings realized by EHT customers can be used to offset some or all of the ENERTEC product purchase price over a three to five-year term.
John Gamble, EHT's CEO, commented that "We are very excited about this partnership and the opportunities to package our ENERTEC energy solutions with a customized financing solution. The Elevate team makes trade finance fast and simple; we look forward to a long successful partnership." Mr. Gamble further stated that "Export financing can be a complex process to navigate but Elevate removes that barrier for all our potential customers. Large commercial ventures, multi-unit residential facilities and even larger residential customer can all take advantage of the programs Elevate offers."
Duncan Munn, Founder and Chair of Elevate said, "We are delighted to partner with an innovative, advanced Canadian manufacturer. We are active in many markets and find significant alignment with EHT to expand their global reach."