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Antebe Abebrese Company Signs JV with Enerdynamic Hybrid Technologies Corp. Canada

Antebe Abebrese Company Signs JV with Enerdynamic Hybrid Technologies Corp. Canada

Antebe Abebrese Company Limited. (“AAC” or the “Company”) is pleased to announce that, it has executed a definitive Joint Venture agreement (“JV”) with (ETH) Enerdynamic Hybrid Technologies Corp. Canada. EHT is engaged in the business of manufacturing solar panels, distributing renewable energy products, and manufacturing fiberglass skin for assembly of modular houses.

AAC, being a multi-national organization engaged, among many other things, in the business of construction, will together with EHT create a vertically integrated manufacturing and distribution strategy in the photovoltaic, renewable energy, and modular housing markets, amongst others, in order to capitalize on projects of all sizes, benefit from synergies and provide customers with a more efficient procurement process in Ghana, West Africa.

“We are extremely pleased to successfully complete the JV and have the opportunity to work with a world class organization like EHT,” said Antebe Abebrese Company CEO Anthony Abebrese. “The EHT organization offers, among other opportunities, the final piece in our strategy by ensuring our products are ecological, sustainable, and offer a boost to the economy by not only providing employment for local communities, but also sourcing material locally through EHT’s joint venture agreement with Groupe NDUOM Limited of Ghana. Through a subsidiary of GN which is a long-established EPS foam production organization, EHT has now secured manufacturing capacity locally here in Ghana. EHT will manufacture its Embedded Solar Roof sections at its Welland, Ontario facility and ship them to GN for final assembly and module integration, this will be very cost effective for AAC”.

This project will deliver solar-powered estates with semi-furnished two and three-bedroom units, for lower-to-middle income Ghanaians. In order to commence the project, Antebe Abebrese has been allotted 100 acres by the Chiefs and the King of Mampong to create a community of four storey apartment blocks for the first phase of the project.

The JV is intended to facilitate the delivery of 15,000 prefabricated solar powered estate communities as part of the Republic of Ghana governments affordable homes initiative. dynamic integration of manufacturing and distribution of the ENERTEC modular building/home technology through the expansion and vertical integration within the Antebe Abebrese Company.

EHT Products

EnerDynamic is focused on providing eco-friendly disaster-relief products for countries that lack the infrastructure needed to run a smooth relief operation. The company also intends to utilize these products in areas and countries that lack the infrastructure needed to provide a renewable energy source to their citizens.

EnerDynamic primarily markets their products to disaster relief organizations and to governments in need of affordable housing and renewable energy sources. The company does intend to pitch their products to the United Nations (UN) and is aiming to make their products commercially available to the general public at stores like Home Depot or Lowes. This year alone, the company has generated $1 million in sales.

Company Highlights

  • Providing renewable energy sources to a niche markets of disaster relief, construction and more.
  • Patented fiberglass reinforced fire retardant structural insulated panel (FRSIP) and solar system technologies.
  • Six products in the market and generating revenue.
  • Home and building materials are CNBC and net-zero energy (NZE) compliant.
  • Potential revenue generation of $30 to $40 million within the next year.
  • Global reach through joint venture partnerships in Ghana, Burkina Faso, Arizona and Puerto Rico.

EnerDynamic

  • Patented fiberglass reinforced fire retardant structural insulated panel (FRSIP) and solar system technologies.
  • Six products in the market and generating revenue.
  • Home and building materials are CNBC and net-zero energy (NZE) compliant.
  • Potential revenue generation of $30 to $40 million within the next year.
  • Global reach through joint venture partnerships in Ghana, Burkina Faso, Arizona and Puerto Rico.

Attachment: AAC and EHT Joint Venture Presentation [PDF]

About Antebe Abebrese Company

Antebe Abebrese Company (AAC) is not your ordinary construction company. AAC, being a multi-national organization engaged, among many other things, in the construction business. Our expertise in block manufacturing, estimating, construction, pre-construction services and project management ensures that our customers receive a quality product at a fair price and in a reasonable time frame.