dynaCERT Collaboration with Northwest Territory Power Corp.
May 11 2017 - 7:00AM
dynaCERT Inc. (TSX-V:DYA) (OTCQB:DYFSF) ("dynaCERT" or the
"Company") is pleased to announce the collaboration with the NTPC
(Northwest Territory Power Corp. in Yellowknife, NT) in a
fuel savings and emission reduction pilot project located in
Deline, NT. Deline is located on the southwest shore of Great Bear
Lake, about 400 km northwest of Yellowknife. Deline is only
serviced via aircraft and winter ice roads. The NTPC operates
3,500 diesel power generation units in remote villages and
communities across the Territory.
The dynaCERT-NTCP project, at this important initial stage,
consists of the sale, installation and commissioning of four
dynaCERT HG1 units onto three stationary generator units that in
turn are responsible for producing all of the electricity in the
village of Deline. One stationary generator unit will have two HG1
units. The NTPC engineering team has worked closely with the
dynaCERT engineers to design this specific application for the
community to align with NTPC’s stated goal of reducing their
reliance on fossil fuels.
Robert Maier, COO of dynaCERT, states, “NTPC continues to work
hard at the leading technological edge to improve the lives of the
people they serve. We are pleased that our HydraGENTM
technology is part of this pilot project opportunity to lower
operating costs for NTPC and improve the environment for northern
communities.”
Jim Payne, President & CEO of dynaCERT, states, “We are very
pleased to work with NTPC and their communities. With Robert
Maier’s managerial and technical leadership, dynaCERT continues to
develop new applications and enter varied markets for its HG1
units, not just in trucking but also in remote location power
generation. Our engineering creativity, supported by our ongoing
commitment to R&D, is rapidly advancing our Company in the
diverse world of diesel uses in furtherance of our corporate
strategy.”
About dynaCERT Inc.dynaCERT
Inc. manufactures, distributes, and installs Carbon Emission
Reduction Technology for use with internal combustion engines. The
HydraGEN™ technology is for use on any diesel-powered equipment
such as transport trucks, stationary generators, refrigeration
trailers, off-road construction equipment. Fuel savings of up to
19%, emission reductions of up to 40% and exhaust particulate
reduction of up to 65% were verified through accredited third party
testing. More information can be found at www.dynaCERT.com.
READER ADVISORYExcept for
statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. In particular, forward-looking information in
this press release includes, but is not limited to periodic updates
of results, testing programs and results, negotiations with third
parties concerning potential business transactions, and the timing
of certain going forward projects. Although we believe that
the expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same,
in whole or in part, as those set out in the forward-looking
information.
Forward-looking information is based on the
opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
information. Some of the risks and other factors that could
cause the results to differ materially from those expressed in the
forward-looking information include, but are not limited to:
uncertainty as to whether our strategies and business plans will
yield the expected benefits; availability and cost of capital; the
ability to identify and develop and achieve commercial success for
new products and technologies; the level of expenditures necessary
to maintain and improve the quality of products and services;
changes in technology and changes in laws and regulations; the
uncertainty of the emerging hydrogen economy; including the
hydrogen economy moving at a pace not anticipated; our ability to
secure and maintain strategic relationships and distribution
agreements; and the other risk factors disclosed under our profile
on SEDAR at www.sedar.com. Readers are cautioned that this
list of risk factors should not be construed as
exhaustive.
The forward-looking information contained in
this news release is expressly qualified by this cautionary
statement. We undertake no duty to update any of the
forward-looking information to conform such information to actual
results or to changes in our expectations except as otherwise
required by applicable securities legislation. Readers are
cautioned not to place undue reliance on forward-looking
information.
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 the release.
On Behalf of the Board
Murray James Payne, CEO
For more information, please contact:
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
(416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
(416) 766-9691 x 1
ir@dynaCERT.com
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