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Enerdynamic Hybrid Technologies Corp. EDYYF

Enerdynamic Hybrid Technologies, is a Canadian-based company delivering leading-edge energy solutions. EHT’s clean and renewable energy solutions are easily deployed and customizable. The Company is able to combine and integrate solar, battery storage technology, and energy efficient structures that qualify for being “NET ZERO”.


GREY:EDYYF - Post by User

Comment by Thor6570on Nov 13, 2019 7:10am
154 Views
Post# 30343781

RE:RE:RE:November projects

RE:RE:RE:November projects

EnerDynamic Hybrid Technologies and Northern Shield Development Corporation Announce Modular Home Order

 Niagara Falls, Ontario and Barrie, Ontario--(Newsfile Corp. - September 23, 2019) - EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ("EHT") and Northern Shield Development Corporation ("NSDC") are pleased to announce the commencement of production of their modular construction initiative using EHT's Enertec panels and a co-developed steel modular frame technology, as previously released June 17, 2019 and July 15, 2019 and September 5, 2019. 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; NSDC has now made the design changes necessary to utilize the EHT Enertec design in 4 of these projects, which represent approximately 50 modules at present. The modules will be constructed at EHT's Niagara Falls plant and then shipped to the project sites. EHT has received a PO for the first 6 modules, which will go to NSDC's project affordable multi-residential development in Orillia, Ontario and will be delivered in late 2019. EHT has also a second PO pending for a 10 plex unit in Nunavik, Quebec. This project requires 13 modules and will commence production in November with delivery for spring 2020. EHT has received a deposit on the first project and will receive a deposit and progress payments on the second project as EHT builds the units over the winter once the PO is confirmed. The combined value of the first 2 projects is approximately $1.5 million. EHT and NSDC are negotiating terms on the next two projects (3 &4), which have a combined value of over $4 million. "The initiatives with NSDC represent a multi-million-dollar opportunity for EHT. The deals are structured very well for EHT and will provide us with significant deposits and progress payments, which will give EHT a steady cash flow" according to EHT's CEO, John Gamble. 

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