EnerDynamic Hybrid Technologies Announces Partnership with Canadore College
Niagara Falls, Ontario--(Newsfile Corp. - April 25, 2019) - EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ("EHT") and EHTAg Tech("EHTAg") its JV with Growratio are pleased to announce the partnership with Canadore College of North Bay, Ont.
The partnership will enable the EHT and EHTAg to train students enrolled in skilled trades programming to take an active role in manufacturing the grow pods for the horticultural market. The opportunities available in North Bay also enable the company to work with a number of corporations who will be establishing vegetable and fruit growing facilities for export markets. We will be in a position to confirm orders once final negotiations are concluded later in May.
"Canadore College is looking forward to working with EHT and EHTAg as a catalyst to create and sustain their workforce," said George Burton, president and CEO of Canadore College. "This partnership presents the opportunity for our region to grow through industry diversification and Canadore's role in developing a skilled labour pool for these innovative technologies is very welcome."
John Gamble CEO of EHT and EHTAg comments "This is a fantastic opportunity for both EHT and EHTAg, to have CCAAT work with us and our ENERTEC family of products".
About EnerDynamic Hybrid Technologies
EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. EHT's expertise includes the development of its ENERTEC module structures with full integration of smart energy solutions. Using a proprietary skin and foam core that is stronger than traditional wood or steel structural insulated panels, EHT provides exceptional thermal energy efficiency in modular homes, cold storage facilities, residential/commercial out buildings and emergency/temporary shelters. EHT works with its partners worldwide to erect the buildings on-site utilizing EHT staff and local crews. In addition to traditional support to established electrical networks, ENERTEC buildings excel where no electrical grid exists.
The EHT advanced ENERTEC Modular Wall and Roof System uses a proprietary skin and foam core that is stronger and more energy efficient than traditional wood or steel structures providing the highest ratings for energy efficiency. EHT works with its partners worldwide to erect the buildings on-site utilizing EHT staff and local crews. After installation, each structure can be furnished and finished to meet the customer's requirements including siding, tile, kitchens and bathrooms or segregated commercial rooms. The finished wall product can be shipped on pallets and delivered via rail, truck or water in standard formats.
At the core of the ENERTEC product line is the ENERTEC Embedded Solar Roof Module. Solar cells can be embedded in a proprietary fire proof skin resulting in substantial cost savings by eliminating heavy glass panels and aluminum racking required for traditional solar panels. Two barriers to greater adoption of solar energy are weight limitations of the roof on which solar panels could be deployed and onerous shipping and labour costs. A lighter product at a better price point will open a larger market for solar due to the faster return of capital investment especially for rural and remote users looking to go off-grid. Furthermore, the entire EHT embedded solar roof becomes a massive solar panel capable of producing significantly more energy than the home requires, allowing the structure to then become an important source of power for the local micro grid or large battery storage systems.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Growratio Inc.
Growratio develops technology-focused solutions for vertically integrated cultivation operations, utilizing patented hardware and software, proprietary processes, and innovative business models to deliver significant advancements in controlled environment agriculture. Growratio is situated in the heart of the MaRS Discovery District in downtown Toronto, where it operates the first laboratory in the MaRS complex authorized by Health Canada to perform activities with Cannabis.
About Canadore College
Canadore College trains people through applied learning, leadership and innovation. It provides access to over 75 full-time quality programs and has outstanding faculty and provides success services to students from nearly 400 Canadian communities and 15 international countries. The College and its students add nearly $244 million to Nipissing Parry Sound Service Area economy. Approximately 1,000 students graduate from Canadore each year, and they join 45,000 alumni working across the globe. Canadore receives less than 50 per cent of its traditional funding from the provincial Ministry of Training, Colleges and Universities and relies on its own innovation and entrepreneurial endeavors and generous donors for the balance.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The statements herein that are not historical facts are forward‐looking statements. Forward-looking information relating to sales of the products (the "Opportunities") involves risk, uncertainties and other factors that could cause actual events, results, performance, prospects, for the Opportunities to differ materially from those expressed or implied by such forward-looking information. Although EHT believes that the assumptions used in preparing the forward-looking information on the Opportunities outlined in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. EHT disclaims any intention or obligation to update or revise any forward-looking information, whether a result of new information, future events or otherwise, other than as required by applicable securities laws.
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