TORONTO, June 3, 2016 /CNW/ - Enerdynamic Hybrid Technologies Corp. ("EHT" or the "Company") (TSX-V: EHT) is pleased to announce that it has filed its audited consolidated financial statements, accompanying management's discussion and analysis, and the related officer certifications for the year ended November 30, 2015 (collectively, the "2015 Filings").
Further to the Company's news release, dated June 2, 2016, this filing resolves the Company's default pursuant to the continuous disclosure requirements set forth in Parts 4 and 5 of National Instrument 51-102 – Continuous Disclosure Obligations ("NI 51-102") and National Instrument 52-109 – Certification of Disclosure in Issuers' Annual and Interim Filings ("NI 52-109"), arising from its failure to meet the filing deadline of March 29, 2016 in respect of the completion of the 2015 Filings.
Copies of these documents are available electronically under the Company's profile on SEDAR at www.sedar.com.
Notwithstanding the foregoing, the Company remains in default of the continuous disclosure requirements set forth in Parts 4 and 5 of NI 51-102 and NI 52-109, as it has failed to meet the filing deadline of April 29, 2016 in respect of the filing of its interim consolidated financial statements, accompanying management's discussion and analysis, and the related officer certifications for the interim period ended February 28, 2016 (collectively, the "2016 Q1 Filings"). In light of the completion of the 2015 Filings, the Company expects to complete its 2016 Q1 Filings imminently.
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. Through its recent acquisitions and new product developments, the organization now supplies advanced material solutions for various industries in combination with energy saving and energy generation solutions. EHT's core expertise lies in the development of innovative composite material systems with a full integration of smart energy solutions, which are processed through the use of EHT's proprietary production technologies into attractive applications- primarily modular homes, cold storage facilities, modular hospitals, schools, hotels and residential and commercial buildings.
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. Forward-looking information in this news release includes statements regarding, among other things, the remedy of the unresolved defaults. 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 Corp.
For further information: John Gamble, Director, (289) 488-1699, [email protected], Company Website: www.ehthybrid.com; Stephanie Thompson, Administrative Assistant, (289) 488-1699, [email protected], Company Website: www.ehthybrid.com