Sunvault Energy signs power utility agreement with Woodland Cree Nation

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APC along with Northern Lights Energy & Power and their new partnership Northern Lights Aboriginal Power Corp. (NLAPC) is in the business of selling electricity as well as engineering, designing, procuring, constructing, operating and maintaining conventional energy and alternative energy projects including solar, wind, bio-mass and bio-gas co-generation and natural gas electricity generation.

APC will provide a Single Purpose Power utility for the purpose of purchasing electricity at competitive rates for the current and future needs of the Woodland Cree First Nation in the market at the best possible price through a combination of fixed term and spot market contracts. The agreement will move to a more definitive partnership agreement targeted for November 15th , 2014.

"As a Single Purpose Power Utility, we intend to provide power at competitive prices and under bulk billing arrangements where additional savings can be had for those who reside or have businesses on Woodland Cree First Nation territory lands," stated Gary Monaghan, President and CEO of Sunvault Energy. "Businesses like Shell, Murphy Oil and many others operate on Woodland Cree First Nation's Lands and may very well be interested in the savings and relationship enhancements offered through the delivery of this power utility. Electricity supply to these potential customers and power generation projects where these customers can participate in additional savings is certainly front of mind," he continued.

"We are very pleased with our decision to look at a Single Purpose Power Utility and alternative energy generation for our community, this is consistent with our goal of becoming self-sufficient", stated Chief Isaac Laboucan-Avirom. "We look forward to working with APC to be able to generate electricity and supply power at very reasonable rates to our people and those businesses and residents who both reside and are stakeholders in our territory lands," he commented.

Sunvault will continue to seek out additional acquisition opportunities as they fit into the Company's mandate and growth plans.