Toronto, Ontario — EnerDynamic Hybrid Technologies Corp. (TSX-V: EHT) (“EHT” or the “Company”) is pleased to announce it has entered into a strategic partnership with export financing company Elevate Export Finance Corp. (“Elevate”). In working with Elevate, EHT can now provide its foreign customers with financing options that support its ENERTEC turn-key energy solutions products.
Elevate, an established partner of the Canadian government’s Export Development Canada (“EDC”), will offer EHT customers competitive rates, medium term loans of up to $10 million USD via a streamlined process and supported by Elevate’s private lending network. The energy cost savings realized by EHT customers can be used to offset some or all of the ENERTEC product purchase price over a three to five-year term.
John Gamble, EHT’s CEO, commented that “We are very excited about this partnership and the opportunities to package our ENERTEC energy solutions with a customized financing solution. The Elevate team makes trade finance fast and simple; we look forward to a long successful partnership.” Mr. Gamble further stated that “Export financing can be a complex process to navigate but Elevate removes that barrier for all our potential customers.
Large commercial ventures, multi-unit residential facilities and even larger residential customer can all take advantage of the programs Elevate offers.”
Duncan Munn, Founder and Chair of Elevate said, “We are delighted to partner with an innovative, advanced Canadian manufacturer. We are active in many markets and find significant alignment with EHT to expand their global reach.” Click here to learn more about Elevate.
About Elevate Export Finance Corp.
Elevate, a Canadian-based lender has partnered with Export Development Canada (EDC) and financial institutions to provide the customers of Canadian small and medium-sized businesses with structured finance solutions. Elevate lends to foreign buyers of Canadian Exporters to help support Canadian Export Success.
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 are 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, they are forward-looking statements. Forward-looking information involves risk, uncertainties and other factors including those related to sales, 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, including those related to sales, 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:
Company Website: www.ehthybrid.com
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