TORONTO, July 1, 2016 /CNW/ - EnerDynamic Hybrid
Technologies Corp. ("EHT" or the "Company")
(TSX-V: EHT) is pleased to announce that it has entered
into a services agreement, pursuant to which the Company has
engaged Mr. Sam Khoury as a
consultant to the Company to assume the newly created role of
Executive Chairman of the Company's board of directors, effective
as of July 1, 2016.
Mr. Khoury has been doing corporate turnarounds for 20+ years
and has completed turnarounds in various industries including
branded consumer products, industrial products, distribution,
building products, industrial electronics, direct marketing, health
care products, newsletter publishing, enterprise software, computer
training, and computer hardware and software.
Mr. Khoury is a director of two private equity-backed companies
and a former director of a publicly traded company listed on the
NASDAQ.
Mr. Khoury has a Bachelor of Science degree and an MBA from the
University of Southern California
(USC), a Juris Doctor from Loyola Law
School and is a non-active member of the California Bar.
The Company is further pleased to announce that it has granted
an aggregate of 4,207,904 incentive stock options under its stock
option plan to a consultant and a director. The stock options are
exercisable until July 1, 2021, and
the grant is subject to regulatory approval.
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. The organization
supplies advanced solutions for various industries in combination
with energy saving and energy generation solutions. EHT's expertise
includes the development of module structures with full integration
of smart energy solutions. These are processed through EHT's
production technologies into attractive applications: modular
homes, cold storage facilities, schools, residential and commercial
out buildings and emergency/temporary shelters.
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.
Cautionary Note Regarding Forward-looking Statements
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. Factors 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.