Enerdynamic Hybrid Technologies Provides Update on Ivory Coast Housing Project

Enerdynamic Hybrid Technologies (TSXV:EHT) today provided an update on the Letter of Intent to build 50,000 homes in Ivory Coast for a branch of its military which was previously announced on December 16, 2016. The Ivory Coast government is represented through The Foundation General Akissi, an organization for “the Promotion of the Rights of Women and Children”.
As quoted in the press release:

In this case the Foundation, which as part of the Ivory Coast military is tasked with building housing for military families, has agreed to enter a contract with Maple Leaf Holdings SA. EHT is a shareholder of Maple Leaf Holdings SA and would fulfil the contract for the building of two, three and four bedroom homes using the Company’s sustainable Advanced Modular Housing System with the embedded Enertec solar energy system.
It was anticipated that the contract for the delivery of 50,000 homes would be finalized in January 2017 for a build-out in 10,000 home tranches with an update to be provided at that time. As at this date, the company and the Foundation have started negotiations on the contracts necessary to begin the project and anticipate finalizing the agreement by early March.

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