Working closely with both the City and VAHA, Horizon North has played an instrumental role in the successful outcome of the Project. Seeing the Project through various internal and external departments to ensure stream-lined development and an accelerated building permit process, Horizon North has been able to demonstrate its capabilities of managing complex residential projects from start to finish in a compressed timeline
“Third parties stepped up to the plate to ensure that the Project will be delivered in a timely fashion.” commented Rod Graham, President and Chief Executive Officer of Horizon North. “This has been a team effort, and we are proud to deliver our modular construction technology and manufacturing processes to provide a safe place for those in need throughout the City of Vancouver.”
Through use of innovative design ideas and products, the building can be relocated and reconfigured to fit a number of different sites, utilizing an adaptable and reusable foundation system. “Horizon North has designed the building so that it can match various land requirements. The unique layout allows for modules to be added or removed as required or to be relocated to future sites.” explained Mr. Graham.
Mr. Graham is optimistic that the success of this project will help position Horizon North as a trusted partner with VAHA in working towards its 2021 vision and hopes to support other affordable housing agencies and governments in their efforts to provide housing solutions for their communities. By utilizing best practices from the manufacturing industry, modular construction technology is redefining how affordable housing projects are built. Modules constructed in a factory are subject to rigorous inspection processes, creating buildings that are of higher quality than their site-built alternatives.
About Horizon North
Horizon North is a publicly listed corporation (TSX: HNL.TO) providing a full range of industrial, commercial, and residential products and services. Our Industrial division supplies workforce accommodations, camp management services, access solutions, maintenance and utilities. Our Modular Construction division integrates modern design concepts and technology with state of the art, off-site manufacturing processes; producing high quality building solutions for commercial and residential offerings including offices, hotels, and retail buildings, as well as distinctive single detached dwellings and multi-family residential structures. As a result of our diverse product and service offerings, Horizon North is uniquely positioned to meet the needs of our customers in numerous sectors, anywhere in Canada
Forward Looking Statements
This news release contains certain “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: the timing of residential occupancy of the Project; timeliness of Project delivery; delivery of modular construction technology and manufacturing processes and the benefits thereof; and positioning of Horizon North as a trusted partner of VAHA.
Although Horizon North believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. Horizon North’s actual results may differ materially from those expressed or implied in forward-looking statements and readers should not place undue importance or reliance on the forward-looking statements.
The forward-looking statements contained in this news release reflect several material factors, expectations and assumptions of Horizon North including, without limitation: that Horizon North will continue to conduct its operations in a manner consistent with past operations; the general continuation of current or, where applicable, assumed industry conditions; availability of debt and/or equity sources to fund Horizon North’s capital and operating requirements as needed; and certain cost assumptions.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements including, without limitation: general economic, market and business conditions; the Project may not be completed in the timelines anticipated, in the manner anticipated or at all; the delivery of the project may not have the results currently anticipated by Horizon North; Horizon North may be unable to resolve mechanical or operational issues in the timelines anticipated, in the manner anticipated or at all; increased costs and expenses; reliance on industry partners; and certain other risks detailed from time to time in Horizon North’s public disclosure documents including, without limitation, those risks identified in this news release, and in Horizon North’s annual information form, copies of which are available on Horizon North’s SEDAR profile at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive.
Statements including forward-looking statements are made as of the date they are given and, except as required by applicable securities laws, Horizon North disclaims any intention or obligation to publically update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.