TORONTO, Nov. 05, 2014 /CNW/ - EnerDynamic Hybrid Technologies Corp. (formerly MCM Capital One Inc.) (TSX-V: EHT) ("EHT" or the "Company") is pleased to announce that they have retained Mr. Brian Felesky LLD (Hon) CM, QC as a special advisor to the Board of Directors of the Company. Mr. Felesky recently retired as Vice Chairman (Canada) Investment Banking-Credit Suisse and is a former director of several organizations including Suncor Energy, Precision Drilling and Capital Power. Currently, he is a director of Cequence Energy and Edgefront Realty as well as being the chair of the Advisory Board of Aspen Properties. He was a founding partner of Felesky Flynn LLP. Mr. Felesky is a member of the Order of Canada and received an Honourary Doctorate of Laws from the University of Calgary. He is engaged in numerous charities in Canada and abroad.
John Gamble, CEO of EHT comments that "I'd like to extend a warm welcome to Brian. Brian brings with him a wealth of contacts in the financial community and a deep understanding of capital markets. We have built a strong Board of Directors and his support as a direct advisor to the Board will be extremely valuable. I look forward to working with him and the Board as we realise growth and profitability in the Company."
Under the terms of a consulting agreement, Mr. Felesky will receive a $3,000 monthly fee, $1,000 per Board of Directors meeting attended and 500,000 incentive stock options. The stock options, being of the same terms and conditions of those granted October 27, 2014, are exercisable for up to 5 years at a price of $1.00 share on or before November 4, 2019. The option will vest on an equal quarterly basis over 18 months.
The consulting agreement and the grant of options thereunder are subject to acceptance by the Exchange.
The information in this news release includes certain information and statements that constitute forward-looking information. These forward-looking statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may vary materially from those anticipated and indicated by these forward-looking statements. Although EHT believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will provide to be correct. Except as required by law, EHT disclaims any intention and assumes no obligation to update or revise and forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
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.
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.
SOURCE: Enerdynamic Hybrid Technologies Corp.
For further information: David Prue, Corporate Communications, 905-401-8303, [email protected]; Wanda Cutler, Media/Investor Relations, 416-303-6460, [email protected]; Rob Fia, Director, 416-867-2353, [email protected]; Company Website: www.ehthybrid.com