EnerDynamic Receives Purchase Order From City Of Kingston

EnerDynamic Hybrid Tech (TSXV: EHT) this morning had a brief announcement, with the company indicating it has received a purchase order from the city of Kingston, Ontario. The firm has seen the city order a total of ten Entertec social housing shelters.

Slated for a late December and early January delivery, the Enertec shelters are to be used to provide shelter for the most vulnerable within the city. The buildings are to provide shelter from cold weather while also being durable, safe, and energy efficient.

“The social housing issue for the homeless continues to grow across North America. We believe EHT shelters are a tangible solution for municipalities who are seeking ways to address vulnerable people in need of shelter, particularly in colder winter conditions,” commented Jerry Foster, President of EnerDynamic.

Financial details of the purchase order were not provided.

The company is reportedly in discussions with other municipal and regional social housing associations for the further sale of such units. The shelters are available in single, duplex, and triplex models, offering flexibility for various applications.

EnerDynamic last traded at $0.195 on the TSX Venture.

FULL DISCLOSURE: EnerDynamic Hybrid Tech is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover EnerDynamic Hybrid Tech on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Leave a Reply