EHT Signs Letter of Intent to Acquire US Military Housing Contractor

Enerdynamic Hybrid Technologies (TSXV:EHT), has signed a letter of intent to acquire Fairfax, Virginia based EEB Systems LLC, the modular housing division of US government contractor Technology and Supply Management LLC. The acquisition of EEB Systems, expected to be concluded in the next 90 days following due diligence, will give EHT an entry into the lucrative market of building barracks in largely foreign locations for the US military, of which EEB has successfully completed over $20-million of such projects.
As quoted in the press release:

EEB has developed a unique modular housing system proven by the U.S. Army to deliver energy savings in excess of 65% over conventional barracks and when combined with EHT’s Enertec embedded solar roof will render these buildings self sufficient for cooling, heating and lighting.
The complementary technologies, which will also benefit from EHT’s fire retardant skin, will give the combined companies a unique advantage for bidding on U.S. Government contracts.

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