31.08.2016 14:01:16
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DGAP-News: Enerdynamic Hybrid Technologies Corp
DGAP-News: Enerdynamic Hybrid Technologies Corp. / Key word(s):
Miscellaneous
Enerdynamic Hybrid Technologies Sells First Microgrid System
31.08.2016 / 14:01
The issuer is solely responsible for the content of this announcement.
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Toronto, Ontario--(Newsfile Corp. - August 31, 2016) - Enerdynamic Hybrid
Technologies Corp. (TSXV: EHT) ('EHT' or the 'Company') is pleased to
announce that it has shipped the first microgrid system to Ghana West
Africa. This smartgrid energy solution utilizing solar panels and battery
storage will generate approximately $500,000 in revenue to EHT. The
customer, a local hotel complex expects to see a 6-year payback on this
green energy investment.
EHT has utilized its specialized expertise to create a smart microgrid energy solution that will take this modern hotel complex completely off the local power grid, a system that has proven to be both expensive and unreliable. EHT's smartgrid solution will allow three separate buildings, all connected in the EHT microgrid, to generate and share power between themselves and on demand.
The three combined buildings will generate over 500kWh daily and the system is believed to be the first of its kind in Ghana to communicate in such a unique way. The smart microgrid energy system is designed to transfer the power produced to any of the three buildings connected to the smartgrid. This will allow all buildings in this grid to be both a generator and a consumer of power. This concept lends itself to entire villages and communities producing their own electricity and sharing the power produced locally among various buildings. This local power production reduces line losses and costly power transmission infrastructure that takes extended periods of time to plan and build.
EHT sees the West African region as an area of focus for its modular building system and microgrid power technologies. This region has a population in excess of 400 million people with both low cost housing and power supply in high demand. This microgrid solution, combined with the completion of the two recently shipped self- powered model homes in Ivory Coast, will showcase the benefits that EHT can deliver to this fast growing region.
About EnerDynamic Hybrid Technologies
EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. Most energy products and solutions can be implemented immediately wherever they are needed. EHT stands above its competitors by combining a full suite of solar PV, wind and battery storage solutions, which can deliver energy 24 hours per day in both small-scale and large-scale format. In addition to traditional support to established electrical networks, EHT excels where no electrical grid exists. The organization supplies advanced solutions for various industries in combination with energy saving and energy generation solutions. EHT's expertise includes the development of module structures with full integration of smart energy solutions. These are processed through EHT's production technologies into attractive applications: modular homes, cold storage facilities, schools, residential and commercial out buildings and emergency/temporary shelters.
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 involves risk, uncertainties and other factors that could cause actual events, results, performance, prospects, and 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 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 as a result of new information, future events or otherwise, other than as required by applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
John Gamble Director (289) 488-1699 jgamble@ehthybrid.com info@ehthybrid.com Company Website: www.ehthybrid.com
Click on, or paste the following link into your web browser, to view the associated documents
http://www.newsfilecorp.com/release/22352
News Source: Newsfile
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31.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: Enerdynamic Hybrid Technologies Corp. Canada ISIN: CA29272D1015 End of News DGAP News Service ---------------------------------------------------------------------------
497687 31.08.2016
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