EHT Signs LOI to Supply Enertec Solar Panels

Enerdynamic Hybrid Technologies (TSXV:EHT) has signed a letter of intent to supply Almacen Sustentable SA de CV, a leading distributor of solar products in the Mexican market, with a minimum of 5-megawatts of its Enertec solar roofing product in 2017. Almacen Sustentable, based in Monterrey Mexico, plans to package the Enertec solar roofing product into an easy to install, moveable and indestructible “solar appliance” that its more than 200 distribution partners can sell to a growing base of “high consumption” energy users.
As quoted in the press release:

Mexico is fast emerging as one of the world’s most promising solar markets with some of the world’s highest irradiation levels mixed with energy prices that are among the most expensive in North America. Energy prices have been growing at roughly 12% per year in Mexico while the number of high consumption households have been growing at 18% annually. Recent changes to the electricity distribution system is also expected to give life to commercial rooftops and ground based parking lots as Mexican businesses look for ways to meet a mandated requirement for green energy.
“The Mexican rooftop market is a perfect place for the Enertec solar product to show its merits as an easy to deploy, indestructible and even moveable solar appliance. We are excited not only for the potential of the housing market but also for the acres of parking lots that with recent legislation are now poised to be covered with a low cost solar solution,” said EHT’s CEO John Gamble. “Mexico is also a very cost effective market to ship the Enertec panels and the product can maintain a competitive edge over conventional panels that are subject to hefty import duties.”

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