Welland, Ontario and Surprise, Arizona--(Newsfile Corp. - January 4, 2018) - EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ("EHT") is pleased to announce that it has finalized a Joint Venture agreement with Custom Complex Structures ("CCS") a subsidiary of CampCorp USA. Further to the Letter of Intent disclosed on November 20, 2017, the Joint Venture will utilize EHT's proprietary Fire Retardant Structural Insulated Panel technology (FRSIP) with CCS's modular house manufacturing facility in Surprise, Arizona.
The JV will see EHT and CCS work together in South Western USA as well as Western Canada for marketing, sales and manufacturing EHT's modular housing system with integrated Solar roofs. This is especially important in the California market where houses that will be built after December 31, 2019 will have to be Net-Zero Energy (NZE) compliant. A NZE house needs to use solar panels, geothermal heating, or other forms of renewable energy to achieve this status.
EHT and CCS will start working together on projects that CCS currently has in the pipeline, which total over $20M US in 2018 and will build a demonstration house for the Californian market in March.
John Gamble, CEO of EHT, said "This is a strategic JV at this time; the California market is set to undergo a complete overhaul in its housing market with the NZE policy being implemented. EHT will now be in a position to capitalise on this market potential, which will be in the hundreds of millions of dollars."
The sales in the housing industry in the USA in the last year topped $611 Billion USD. The modular or prefabricated side of the industry only makes up 3% of this market at this point. If the modular industry its market share by just 1% to their total it would represent over $6 Billion.
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.
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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