EHT Announces Management Changes

  • James Kerr ceases to hold the office of Chief Financial Officer of the Company.

  • David Prue appointed Interim Chief Financial Officer of the Company.

TORONTO, Oct. 28, 2015 /CNW/ - EnerDynamic Hybrid Technologies Corp. ("EHT" or the "Company") (TSX-V: EHT) announces that, effective as of the 28th day of October, 2015, Mr. James Kerr ceases to hold the office of Chief Financial Officer of the Company and Mr. David Prue has been appointed as the interim Chief Financial Officer of the Company. Management changes continue, in part, as a result of operational restructuring of EHT in connection with the recent changes in the Company's management and board strategies.

Mr. Eder, the Company's recently appointed Chief Executive Officer comments, "We thank Mr. Kerr for his service and contribution to EHT and wish him well in all his future endeavors."

Mr. Prue brings extensive knowledge of the Company and the solar industry having been the Chief Financial Officer of OSM Solarform Corp. Mr. Prue guided the audit and filing statement processes in connection with the Company's Qualifying Transaction, as defined in Policy 2.4 of the TSX Venture Exchange. Mr. Prue brings over 20 years of experience in financial management and governance, including experience as the founding Chief Financial Officer and director of Forterra Environmental Corp. ("Forterra"), a publicly traded company. Mr. Prue headed the transition to reporting issuer status of Forterra and has held various financial positions with public and private companies including through his financial consulting firm.

Mr. Eder indicated that "Mr. Prue was uniquely qualified to take the interim title based on his strong background and we anticipate that our search to fill the CFO position on a long term basis should be completed in the near term."

The appointment of Mr. Prue is subject to the approval of the TSX Venture Exchange.

About EnerDynamic Hybrid Technologies

EHT delivers proprietary, turn-key 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 foot-print 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 forwardlooking 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. Forward-looking information in this news release that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although EHT believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, 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.

SOURCE Enerdynamic Hybrid Technologies Inc.

For further information: John Gamble, Director, (289) 488-1699, jgamble@ehthybrid.com, Company Website: www.ehthybrid.com; Stephanie Thompson, Administrative Assistant, (289) 488-1699, info@ehthybrid.com, Company Website: www.ehthybrid.com

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www.enerdynamic.com

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