ENERDYNAMIC PROVIDES UPDATE ON PUERTO RICO
NIAGRA FALLS, ON / ACCESSWIRE / October 20, 2020 / EnerDynamic Hybrid Technologies Corp. (TSXV:EHT) (“EHT”) is pleased to provide an update on initiatives with its Puerto Rican JV partner, Brieke Family Assets Ltd (“BFA”), and their jointly-owned subsidiary, Cat5 Solar and Microgrids LLC (the “JV”).
In the best interests of EHT’s shareholders and the importance that management believes this JV will have on the future profitability of EHT, we have now made a new tab on the EHT website for Puerto Rico updates. It is designed to give the reader an in-depth insight of why we are currently concentrating our efforts in Puerto Rico and of our building and solar products and the important role they will play in the rebuilding of Puerto Rico with safe, sustainable and resilient buildings.
We intend to update this tab on a regular basis as the JV moves ahead with the opening of its manufacturing facilities locally and with new contracts for the construction of qualifying projects funded under the HUD and the CDBG-DR-PR rebuilding program where our building and solar materials will be used.
Here is the link to the tab: Click here now!
Malcolm Wright, Director of BFA,stated, “We are on the ground every day working with mayors and local contractors to continue to add to the houses we already have under contract. At this time we are concentrating on the CDBG-DR-PR-R3 program where over US$3bn of funding has been appropriated as well as making inroads into the elderly housing market which will be built using our sustainable and resilient building and solar products”.
John Gamble, CEO of EHT, commented, “We are now gaining traction in Puerto Rico; Malcolm and his team are now seeing the benefits of being on the ground for the last 3 years. As contracts are being awarded, we are able to explain the huge benefits of using our building and solar products for the rebuilding process.”
About CAT5 Solar and MicroGrids (“Cat5”)
Cat5 provide the following products to contractors in Puerto Rico:
Cat5 Blocks, a patented block design, will be produced by Rosa Block in Rio Grande, Puerto Rico. The system can be engineered to withstand in excess of 200 mph winds and seismic activity. It can be constructed in half the time of a normal concrete masonry unit (CMU) requiring only 10% skilled labor, which is scarce in Puerto Rico, meaning 90% unskilled labor can be pooled and utilized from the local community. The system provides insulation of R30+, making it very desirable for the local climate. The electrical and plumbing is pulled through the courses of the block as it is laid during construction reducing time for the skilled trades.
Cat5 Structural Insulated Panels (SIPs) to be used as internal walls consisting of an insulating foam core placed between two structural facings; typically, oriented strand board (OSB) is used except the Cat5 SIP uses Enertec skin and/or Enertec skin and cement board. The panels will be manufactured in Villalba, Puerto Rico under factory-controlled conditions and can be fabricated to fit most building designs. Manufactured and finished in the factory, the conduit for electrical and plumbing are completed rapidly. Cat5 roof SIPS are designed to lay over galvanized steel trusses which are attached to the top two courses of the Cat5 walls. The galvanized trusses have a built in pitch via the positioning of the top chords so water will easily run off the roof.
Cat5 Solar panels are designed to withstand sustained wind speeds up to 250 mph. The panels also will be manufactured in Villalba in the same facility as the SIPs. Using N cell technology, they produce up to 400 watts of power; should a projectile damage a specific part of the panel, it will only render that small section of the cell it hits useless, opposed to traditional panels that would no longer work in their entirety. Mounted on the EPS foam and Enertec skin provides additional insulation and weighs significantly less than traditional glass panels. Each panel can be laid flat on the roof. Cat5 products are ideal for any buildings up to 8 stories, especially in at risk high wind and seismic areas of the world.
Cat5 offers Island contractors 90 days interest free credit subject to the use of Cat5 products and an assignment of the relevant portion of the government debt owed on the completion of the project. The use of Cat5 products will provide the contractor with higher profit margin, faster build time, labor cost savings, built to CAT5 specifications, resulting in more resilient and sustainable homes.
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 relating to sales of the products (the “Opportunities”) involves risk, uncertainties and other factors that could cause actual events, results, performance, prospects, for the Opportunities to differ materially from those expressed or implied by such forward-looking information. Although EHT believes that the assumptions used in preparing the forward-looking information on the Opportunities outlined in this news release are reasonable, 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 a result of new information, future events or otherwise, other than as required by applicable securities laws.
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SOURCE: EnerDynamic Hybrid Technologies Corp.