Hydro Power Technologies, Inc. (PYBX) Corporate Update: New Partnership for Solar Energy Projects in Lebanon

September 09, 2021 12:03 PM EDT | Source: Hydro Power Technologies, Inc.

Burlington, Ontario--(Newsfile Corp. - September 9, 2021) - Hydro Power Technologies, Inc. (OTC Pink: PYBX), announces a corporate update for a new Partnership for Solar Energy Projects in Lebanon.

On September 8, 2021, Hydro Power Technologies, Inc. signed a joint venture agreement with Middle East Solutions and Technologies for Energy and Environment (“MESTEE”), a Lebanon based conglomerate engaged in renewable energy. MESTEE submitted initial bids in June 2018 for the EOI for three major solar projects for the Lebanon government to be completed from 2021 to 2026. MESTEE is now on the short list for the contracts and have agreed to partner with Hydro Power Technology on these important projects.

Mr. Michael Shamber, President, stated "With our recent acquisition of the major shareholding in Zuc Energy in Italy, we have positioned Hydro Power Technology as a prime participant in both Hydro Power Technology but additionally Solar Power. We are very pleased with the new partnerships that are being developed in Europe and abroad and look forward to an exciting new year."

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ZUC ENERGY - Milan Fair -Italy

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About Hydro Power Technologies, Inc. f/k/a/ Playbox (US), Inc.

Hydro Power Technologies' mission is to provide and to continue to develop new innovative green hydropower technology options, that are grid ready, safe, reliable, and cost effective to Utility providers throughout the world.

Hydro Power Technologies has developed a system to increase the power output of a impact turbine hydro generation system. The first generation of products from the HPT system known as "Hammer1", utilizes hydraulic water phenomena to produce rapid fire, high speed, long water projectiles that have a velocity 1.25 to 1.30 times greater velocity than the traditional "Free Flow" turbines in operation today. The additional velocity increases the rotational torque of the impact turbine runner, thus increasing the power generation much more efficiently than today's installed power generation plants.

Contact Information:

Michael Shamber
Hydro Power Technologies, Inc.
888-993-0989
info@hydropowertechnologies.com
https://twitter.com/HydroPowerTech

FORWARD-LOOKING STATEMENTS

This press release includes "forward-looking statements" within the meaning of U.S. federal securities laws. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation inability to enter into a definitive agreement with respect to the proposed transaction or to complete the transactions contemplated by the non-binding term sheet, matters discovered by the parties as they complete their respective due diligence investigation of the other. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

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