EHT Announces Consulting Agreement and Grant of Options

TORONTO, ON / ACCESSWIRE / June 30, 2016 / EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) (“EHT” or the “Company“) 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. Bruce Bent, chairman of EHT comments, “We are aware that Sam, working as an Operating Partner for private equity concerns, successfully completed more than two dozen global engagements whose specific purpose was to maximize the performance of their investee companies. At EHT, we are combining hybrid solar, wind and battery systems with our cutting edge, energy efficient structural products to give our global customers a unique, self-powered building solution. We are confident that Sam’s talents are an excellent fit for us as we enter the commercialization stage of our business plan, and we are excited to have attracted such an accomplished professional.”

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 4,291,238 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 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. 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

John Gamble
Director
(289) 488-1699
jgamble@ehthybrid.com
Company Website: www.ehthybrid.com

Stephanie Thompson
Administrative Assistant
(289) 488-1699
info@ehthybrid.com
Company Website: www.ehthybrid.com

SOURCE: EnerDynamic Hybrid Technologies Corp.

ReleaseID: 441867