CALGARY, April 24, 2018 /CNW/ - Zedcor Energy Inc. (the "Company" or "Zedcor") (TSX VENTURE: ZDC) is pleased to announce that it has signed an Amendment to the Exclusive Distributorship and Supply Agreement previously entered into with Hybrid Light Solutions, LLC. ("Hybrid") wherein Hybrid will exclusively sell Zedcor their 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 December 31, 2018 to December 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% when compared to 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 & CEO, 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".
Forward-Looking Statements and Information
Certain statements included or incorporated by reference in this press release constitute forward-looking statements or forward-looking information. Forward-looking statements or information may contain statements with the words "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "budget", "should", "project", "or similar words suggesting future outcomes or expectations. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements because the Company can give no assurance that such statements will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties. Although management believes these assumptions are reasonable, there can be no assurance that they will be proved to be correct, and actual results will differ materially from those anticipated. For this purpose, any statements herein that are not statements of historical fact may be deemed to be forward-looking statements. The forward-looking statements or information contained in this press release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new contrary information, future events or any other reason, unless it is required by any applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.
About Zedcor Energy Inc.
Zedcor Energy Inc. is a Canadian public corporation and parent company to Zedcor Energy Services Corp. ("Zedcor Corp."). Zedcor Corp. is engaged in the rental of surface equipment and accommodations to the Western Canadian Oil and Gas Industry. The Company trades on the TSX Venture Exchange under the symbol "ZDC".
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.
SOURCE Zedcor Energy Inc.
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Ian McKinnon, Chief Executive Officer, P: (403) 930 - 5437, E: imckinnon@zedcor.ca; Ken Olson, Chief Financial Officer, P: (403) 930 - 5434, E: kolson@zedcor.ca