HLT Energies 2006 inc.

HLT Energies 2006 inc.

January 09, 2007 08:00 ET

HLT Energies 2006 Inc: Signing of an Exclusive Distribution Agreement

MONTREAL, QUEBEC--(CCNMatthews - Jan. 9, 2007) - HLT Energies 2006 Inc (TSX VENTURE:HES) ("HLT"), leader in the production and sale of solar thermal energy, proudly announces that the it has reached an exclusive agreement with Stiebel Eltron to exclusively distribute Stiebel Eltron's products in Canada and non exclusive in the USA. HLT will integrate Stiebel Eltron's products for the solar thermal industry in its product offering in view of targeting the residential industry. HLT Energies will therefore diversify its activities into the residential market while offering its traditional "sale of energy" for the commercial and institutional sectors.

Within the outline of this distribution agreement, HLT granted, on December 20, 2006, to the director of the new residential division, Mr Jean-Pierre Paquette, formally the distributor of Stiebel Eltron's products in Canada, 150 000 stock options of the Company under HLT's current stock option plan (the "Plan"). The options will vest in accordance with the vesting schedule determined by the Plan, with an expiring date of December 20, 2011, and are exercisable at a price of $0.165 per share, being the closing price of HLT's common shares on the TSX Venture Exchange on December 19, 2006.

Mr. Paquette, has joined HLT sales team, together with five other experienced sales persons covering the Canadian territory. This sales force will also be active in the sale of solar energy, traditional activity of HLT. Mr Paquette and his sales team realized a sales turnover in Quebec of beyond $500 000 in 2006. However, this does not ensure such a sales volume in the future.

Mr. Gerald Desourdy, President of HLT states: "Stiebel Eltron's products for the residential solar industry are state of the art. It was a natural choice for HLT to ally herself with Stiebel Eltron's technology. The reputed renewable energy systems of Stiebel Eltron combined with HLT's current technology will make for an exciting new product offering for HLT's residential clients."

Mr. Frank Stiebel, Chief Operating Officer of Stiebel Eltron's USA subsidiary states: "We have identified the residential sector of Canada as a major target for our technology, and we see HLT as the ideal partner to promote our products. We are very excited and proud to have chosen HLT to exclusively distribute our products in Canada and non exclusively in the USA."

About Stiebel Eltron

Stiebel Eltron is regarded as a very successful company in the environmental control and system engineering sector of the building industry. Stiebel Eltron manufactures products that use less energy, are safer and give higher levels of comfort. The head office of the Stiebel Eltron group, with a total sales turnover of over 300 million Euro, is located in Holzminden, Germany since 1924. This is not only the home of the global administration and distribution organizations, but also the production site for millions of electric space and water heating appliances, renewable energy systems and heat recovery / ventilation systems.

The ambitious research, development and investment program covering the years ahead, is a guarantee that Stiebel Eltron, as a medium-sized company, will not only consolidate its position in the market, but go on to significantly strengthen it in the future.

About HLT

HLT is a leader in the production and the sale of thermal energy at lower cost than conventional sources such as electricity and natural gas to the multi residential, commercial, industrial and institutional customers. HLT operates, maintains and remains owner of its thermal plants installed at the customer's premises, thus avoiding capital cost for them. By adding the Stiebel Eltron product line to its current product, HLT Energies is now able to completely cover the solar thermal market, from institutional and commercial clients to residential clients.

Forward-looking Statements

Certain statements made in this press release and other statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives other than statements of historical facts are forward-looking statements. We cannot guarantee that we actually will achieve the results, plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on therein. The information in this press release, including any forward-looking statements, is provided as of the date of this news release and should not be relied upon as representing our estimates as of any subsequent date. We do not assume any obligation to update or revise any forward looking statements except as required by law, whether as a result of new information, future events or otherwise.

Outstanding shares: 27 014 573

The TSX Venture Exchange is free of any responsibility concerning the relevance or exactitude of this press release.

Contact Information

  • HLT Energies 2006 Inc
    Gerald Desourdy
    President and CEO
    514-868-1111 ext: 222
    HLT Energies 2006 Inc
    Andre Audet
    Chairman of the board
    Paradox public relation Inc.
    Eric Leboeuf