TORONTO, Sept. 15, 2014 /CNW/ - EnerDynamic Hybrid Technologies Corp. (formerly MCM Capital One Inc.) ("EHT" or the "Company") (TSX-V: EHT) is pleased to announce that it has entered into a Joint Venture Memorandum of Understanding (MOU) with IQ Technologies Inc. for the inclusion of EHT's hybrid energy units (solar and wind systems) in IQ's modular homes globally. A short video of the fully integrated product can be viewed by clicking this link. http://thedigitalist.ca/EHTIQT/EHTIQTv3Sep11-2014.mp4
"IQ is a global leader in the supply and installation of sustainable modular homes. They have a unique patented housing product which can be built in one day and are recognized as a global leader in modular homes," commented John Gamble, CEO of EHT. "EHT offers both on-grid and off-grid turn-key hybrid energy solutions that are very well suited to these modular homes. The JV will open additional markets to EHT and enable us to offer a compelling new product. We anticipate deploying our hybrid technology across the growing IQ portfolio of modular homes."
Roman Eder, President of IQ says, "We are looking forward to growing our business relationship with EHT and offering our global customers a unique energy solution from EHT which allows a house anywhere in the world to be powered independent of the electricity grid. We selected EHT as our JV partner because of their unique turn-key solution and the quality of their manufacturing."
IQ currently has an order backlog for their modular home solution, which exceeds 10,000 units for delivery over the next 3 years and continues to grow rapidly.
About EnerDynamic Hybrid Technologies
EHT delivers proprietary, turnkey energy solutions, which are intelligent, bankable and sustainable. Our 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. Through our 90,000 square foot facility in Ontario, Canada and our growing international footprint we are able to manufacture, distribute and install world leading energy solutions across the globe. EHT excels where no electrical grid exists in addition to traditional support to established electrical networks, which is the new era in the renewable industry.
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. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward‐looking statement.
SOURCE: Enerdynamic Hybrid Technologies Corp.
For further information: David Prue, Corporate Communications, 905-401-8303, firstname.lastname@example.org; Wanda Cutler, Media/Investor Relations, 416-303-6460, email@example.com; Company Website: www.ehthybrid.com