CALGARY, April 24, 2018 /CNW/ - Zedcor Energy Inc. (the "Company" or "Zedcor") (TSX VENTURE: ZDC) is pleased to announce that it has signed an Amendment to the Exclusive Distributorship and Supply Agreement previously entered into with Hybrid Light Solutions, LLC. ("Hybrid") wherein Hybrid will exclusively sell Zedcor their hybrid solar powered lighting systems and light towers. This equipment will available for rent from Zedcor throughout Western Canada.
The amendment expands the exclusive territory to include all of Alberta, British Columbia, Saskatchewan, Manitoba, Yukon and the Northwest Territories, and extends the termination date of the Agreement by three years from December 31, 2018 to December 31, 2021.
The lighting systems combine the latest in lithium ion battery cells with high efficiency LED lighting, which together optimize fuel consumption and power output while simultaneously reducing CO2 and particulate output by over 90% when compared to conventional diesel light towers. Many of these units will also be equipped with high resolution surveillance cameras and marketed in conjunction with Zedcor's new security and surveillance service offering, wherein the Company will remotely monitor assets, construction sites, or other venues while also meeting the customers lighting needs. Zedcor's security and surveillance services are provided by licensed professionals most of whom are former police officers who bring with them many years of knowledge and experience.
Ian McKinnon, President & CEO, stated "These new light towers, when paired with our new security and surveillance service offering, provide our customers with the security services they require to protect their assets, while also providing them the financial benefits of lower operating costs and the environmental benefits of a smaller carbon footprint".
Forward-Looking Statements and Information
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About Zedcor Energy Inc.
Zedcor Energy Inc. is a Canadian public corporation and parent company to Zedcor Energy Services Corp. ("Zedcor Corp."). Zedcor Corp. is engaged in the rental of surface equipment and accommodations to the Western Canadian Oil and Gas Industry. The Company trades on the TSX Venture Exchange under the symbol "ZDC".
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.
SOURCE Zedcor Energy Inc.