DGAP-News: Enerdynamic Hybrid Technologies Corp

DGAP-News: Enerdynamic Hybrid Technologies Corp. Enters into Binding Term Sheet to Sell Interest in School Board 40 MW Portfolio

DGAP-News: Enerdynamic Hybrid Technologies Corp. / Key word(s): Miscellaneous EnerDynamic Hybrid Technologies Corp. Enters into Binding Term Sheet to Sell Interest in School Board 40 MW Portfolio

17.02.2016 / 14:02 The issuer is solely responsible for the content of this announcement.

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Toronto, Ontario--(Newsfile Corp. - February 17, 2016) - EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) ('EHT' or the 'Company') is pleased to announce that its wholly-owned subsidiary, EnerDynamic Hybrid Technologies Inc. ('EHTI'), has entered into a binding term sheet (the 'Term Sheet') with one of the largest rooftop solar power producers in the Province of Ontario (the 'Purchaser'), pursuant to which, among other things, EHTI has agreed to sell to the Purchaser, and the Purchaser has agreed to acquire from EHTI, its ownership interest in Reliant First Nation Limited Partnership (the 'Proposed Acquisition'), which owns (i) certain FIT version 3.0.1 contracts and FIT version 3.1 contracts with a total estimated installed nameplate capacity of 40.506 MW DC (33.755 MW AC of contract capacity) to be located on the school roofs of the Peel District School Board (the 'Peel Projects') and (ii) certain FIT version 3.0.1 contracts with a total estimated installed nameplate capacity of 5.672 MW DC (4.727 MW AC of contract capacity) to be located on the school roofs of the Greater Essex County School Board (the 'Essex Projects'). The Essex Projects will be acquired by a third party and not form part of the Proposed Acquisition.

John Gamble, a Director and Chief Strategy Officer of EHT, said 'we've always felt that this was an attractive asset, but it is capital intensive and now does not fit with the new opportunities that we have in front of us. This transaction will release the funds that we have invested in this asset and, at the same time, remove a significant capital requirement going forward.'

The Proposed Acquisition is subject to certain conditions, including, without limitation, satisfactory completion of due diligence, no material adverse change in the value or conditions of project assets, negotiation and execution of all definitive documentation, and approvals by certain regulatory bodies.

The Proposed Acquisition is anticipated to close in the second quarter of 2016.

The Term Sheet is a commitment by the parties thereto, subject to the satisfaction of the aforementioned conditions, to enter into a definitive purchase and sale agreement, the terms of which will be announced at a later date.

About EnerDynamic Hybrid Technologies

EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. Most energy products and solutions can be implemented immediately wherever they are needed. EHT stands above its competitors by combining a full suite of solar PV, wind and battery storage solutions, which can deliver energy 24 hours per day in both small-scale and large-scale format. In addition to traditional support to established electrical networks, EHT excels where no electrical grid exists. Through its recent acquisitions and new product developments, the organization now supplies advanced material solutions for various industries in combination with energy saving and energy generation solutions. EHT's core expertise lies in the development of innovative composite material systems with a full integration of smart energy solutions, which are processed through the use of EHT's proprietary production technologies into attractive applications- primarily modular homes, cold storage facilities, modular hospitals, schools, hotels and residential and commercial buildings.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The statements herein that are not historical facts are forward-looking statements. Forward-looking information involves risk, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information, including risks related to the completion of the Proposed Acquisition, the successful negotiation and execution of all definitive documentation, the delivery of all approvals from applicable regulatory bodies, the successful completion by the Purchaser of its due diligence review, and the satisfaction of all conditions contemplated by the Term Sheet. Forward-looking information in this news release includes statements regarding, among other things, the completion of the Proposed Acquisition. Although EHT believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. EHT disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.

FOR FURTHER INFORMATION PLEASE CONTACT:

John Gamble Director (289) 488-1699 jgamble@ehthybrid.com Company Website: www.ehthybrid.com

Stephanie Thompson Administrative Assistant (289) 488-1699 info@ehthybrid.com Company Website: www.ehthybrid.com

Click on, or paste the following link into your web browser, to view the associated documents

http://www.newsfilecorp.com/release/19275

News Source: Newsfile

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17.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English Company: Enerdynamic Hybrid Technologies Corp. Canada ISIN: CA29272D1015 End of News DGAP News Service ---------------------------------------------------------------------------

438077 17.02.2016