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Niagara Falls, Ontario: January 28, 2021 - EnerDynamic Hybrid Technologies Corp. (TSXV:EHT) ("EHT") is pleased to announce the signing of an agreement to acquire Windular Research and Technologies Inc. ("WRT") on January 22, 2021, and its plans to concomitantly consolidate its shares 20-for-1 (the "Share Consolidation"), convert its existing debentureholders' debts (the "Debt Conversion"), and raise up to $18 million in financing by way of a private placement of EHT shares (the "Private Placement"), all subject to the approval of the TSX Venture Exchange (the "TSXV").
WRT is a privately held renewable energy technology company whose origins were founded in telecom tower engineering, design and implementation. WRT provides reliable, cost-efficient, disruptive renewable technology solutions to the global telecom tower industry, significantly reducing or eliminating its reliance on costly, dirty diesel fuel. WRT has state-of-the-art wind and solar tracking systems designed for the global telecom tower industry. Faced with ever-increasing operating costs, the push to expand connectivity into remote corners of the globe, and a strong global effort to significantly reduce greenhouse gas emissions, mobile network operators are in need for an alternative to their reliance on costly, dirty diesel fuel. The traditional diesel-powered tower has become increasingly costly due largely to rising fuel costs and the logistics associated with fuel delivery, and generator maintenance and replacement to remote locations. WRT's wind and solar technology applications provide the solution.