RE:RE:Great News ! EnerDynamic Hybrid Technologies and Northern Shield Development Corporation Announce Modular Home Order
Niagara Falls, Ontario and Barrie, Ontario--(Newsfile Corp. - June 17, 2019) - EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ("EHT") and Northern Shield Development Corporation ("NSDC") are pleased to announce the commencement of a modular construction initiative using EHT's Enertec panels and a co-developed steel modular frame technology.
NSDC is a housing and development company largely focused on affordable housing that utilizes structurally insulated panels, modified shipping containers and steel frame modules to construct its projects.
NSDC has historically manufactured and procured the majority of its steel frame and modified shipping container modules offshore. "Given the current trade climate, the USD exchange rate and various other factors, we have been aggressively looking at an alternative way to manufacture our modules locally" says NSDC's President, Steve Marshall. "The Enertec structural panel is truly a unique product. This hybrid approach of using panels and steel has created an opportunity for us to fully replace our offshore production and create a made-in-Canada module using advanced building technologies."
Currently, NSDC has funded projects scheduled in Ontario and Quebec that would require over 200 modules in 2019/2020.
The modules will be constructed at EHT's Niagara Falls plant and then shipped to the project sites.
"The relationship with NSDC represents a multi-million dollar opportunity for EHT. The deal, which is structured very well for EHT, will provide us with significant deposits and production cash flow" according to EHT's CEO, John Gamble.
The prototyping is currently underway with production expected to commence in mid-July.
Here is the model home that will be built. Click Here Now.