02:26:47 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Zedcor Energy Inc
Symbol ZDC
Shares Issued 51,562,043
Close 2018-04-24 C$ 0.27
Market Cap C$ 13,921,752
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Zedcor Energy, Hybrid Light expand, extend supply deal

2018-04-24 09:15 ET - News Release

Mr. Ian McKinnon reports

ZEDCOR ENERGY INC. ANNOUNCES SIGNING AMENDMENT TO EXCLUSIVE DISTRIBUTORSHIP AND SUPPLY AGREEMENT

Zedcor Energy Inc. has signed an amendment to the exclusive distributorship and supply agreement previously entered into with Hybrid Light Solutions LLC wherein Hybrid will exclusively sell Zedcor its hybrid solar-powered lighting systems and light towers. This equipment will available for rent from Zedcor throughout Western Canada.

The amendment expands the exclusive territory to include all of Alberta, British Columbia, Saskatchewan, Manitoba, Yukon and the Northwest Territories, and extends the termination date of the agreement by three years from Dec. 31, 2018, to Dec. 31, 2021.

The lighting systems combine the latest in lithium-ion battery cells with high-efficiency LED lighting, which together optimize fuel consumption and power output while simultaneously reducing CO2 and particulate output by over 90 per cent when compared with conventional diesel light towers. Many of these units will also be equipped with high-resolution surveillance cameras and marketed in conjunction with Zedcor's new security and surveillance service offering, wherein the company will remotely monitor assets, construction sites, or other venues while also meeting the customers' lighting needs. Zedcor's security and surveillance services are provided by licensed professionals most of whom are former police officers who bring with them many years of knowledge and experience.

Ian McKinnon, president and chief executive officer, stated, "These new light towers, when paired with our new security and surveillance service offering, provide our customers with the security services they require to protect their assets, while also providing them the financial benefits of lower operating costs and the environmental benefits of a smaller carbon footprint."

About Zedcor Energy Inc.

Zedcor Energy is a Canadian public corporation and parent company to Zedcor Energy Services Corp. Zedcor is engaged in the rental of surface equipment and accommodations to the Western Canadian oil and gas industry.

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