St. Albert, Alberta–(Newsfile Corp. – April 16, 2024)- Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (below, “Company”). Enterprise, an integrated energy services company (including specialty equipment rentals to the energy/resources sector), provides solutions for mitigating, reducing or reducing CO2 and greenhouse gas (GHG) emissions for small local and Tier 1 resource customers. A memorandum of understanding (MOU) outlining business relationships within the area of Treaty No. 8, with an emphasis on technology to eliminate the issue.
Evolution Power Projects Inc. (the “Company”) is a wholly owned subsidiary of Enterprise, a leading provider of mobile low-emission power solutions and related site infrastructure, and an economic development company (the “Development Company”) )is. (a subsidiary of a prominent Treaty 8 country) has signed a memorandum of understanding to cooperate on various projects and opportunities within the Treaty 8 region.
The development company focuses on generating economic benefits while balancing the country's traditional practices, culture, and commitment to environmental stewardship. Evolution Power Projects has emerged as a leader in off-grid remote power generation in BC and AB, providing on-site electrification of oil and gas wells to major production companies. With shared environmental policies and a commitment to technological advancement, emissions reduction, fossil fuel replacement, and industry advancement, this strategic partnership represents an opportunity for significant progress and success.
This indigenous people, and by extension the development company, have a rich history and deep connection to the land, and are dedicated to protecting the environment and promoting sustainable practices. The development company's leadership is a testament to Indigenous entrepreneurship and the ability to align economic activity with cultural and environmental values.
This Memorandum of Understanding is effective April 1, 2024 and outlines the intent and understanding between the parties to cooperate in pursuing business opportunities and providing services. Operating in the natural gas-rich region atop the Montney Formation, Enterprise Group continues to expand and pursue opportunities in economically active northeastern British Columbia and northwestern Alberta. . Partnerships and strategic alliances like this one play an important role in our expansion plans. It is our intention to create value for our communities, partners and shareholders alike.
“This partnership marks an important step toward promoting cooperation and economic development within the Treaty 8 region,” said Heather Johnston, president of Evolution Power Projects. We combine our expertise with indigenous local insights to deliver innovative solutions and create shared value for our clients and communities.”
Ms Johnston continued: “We are proud that the developer has chosen our team to collaborate with us and that Evolution will provide our customers with solutions and technology that will help them achieve their ESG goals across the region. “We are recognized as a leading provider of low-emission electrification systems.”
About Enterprise Group Co., Ltd.
Enterprise Group, Inc (TSX: ETO) (OTCQB: ETOLF) is an integrated services company that includes specialty equipment rental to the energy/resources sector. The company focuses specifically on systems and technologies that mitigate, reduce or eliminate CO2 and greenhouse gas emissions for itself and its customers. We are well known to local primary resource companies and international resource companies operating in Western Canada. For more information, please visit our website www.enterprisegrp.ca. Company filings are available at www.sedarplus.com. For any questions or additional information, please contact us below.
Leonard Jaroszuk: President and CEO; or
Desmond Okell: Senior Vice President
contact@enterprisegrp.ca
780-418-4400
Forward-looking information This news release may contain certain forward-looking information that is not based on historical fact, as defined by applicable Canadian securities laws. This includes, but is not limited to, statements containing words such as “believes,” “anticipates,” “plans,” and “intends.” “will,” “should,” “expects,” “continues,” “estimates,” “anticipates” and other similar expressions. In particular, this news release contains forward-looking information regarding the Facility and the Company's intention to pursue acquisition opportunities and purchase shares pursuant to customary issuing company bids. Actual results, events and developments may differ materially from those expressed or implied by these forward-looking statements. There is no guarantee that any event or expectation will occur or come true. By their nature, forward-looking statements, including those discussed in the Company's Annual Information Form and Current MD&A, which are incorporated herein by reference and are available through SEDAR at www.sedarplus.com , is subject to numerous assumptions and risk factors. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date of this news release. The Company disclaims any intention, obligation or liability to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. We do not owe.
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