dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) (DAX:DMJ)
("dynaCERT" or the "Company") is pleased to provide the following
clarification on the recently released complete report on the PIT
Group testing for Fuel Consumption and Emissions Tests of the
HydraGEN
™ Technology.
dynaCERT is very pleased with the results of
this test. As was provided in the PIT report, the testing was
conducted under outdoor laboratory conditions whereby the test
vehicle was driven up to the optimal operating condition of 105 kph
(65mph) and, at that time, the cruise control was set and the test
equipment activated. The driver then steered the vehicle
around the test track at this constant speed and setting for 100
kilometers to complete the test. At that time, the test equipment
and cruise control was turned off and vehicle returned to the start
line. The testing was conducted with no change in elevations, no
change in speed (up nor down), minimal wind conditions, and optimal
weather conditions as would be experienced in perfect on-the-road
conditions. This is the standard fuel consumption testing protocol
for all vehicles regardless of make, model or options.
PIT wrote to dynaCERT in an email separate to
the report: “…for any kind of automotive technology, 5.9 % fuel
savings is a result to be envied”.
As previously reported in our press release
dated November 20, 2017, PIT Group report states “The results are
showing significant decreases in emission levels between baseline
and final measurements, of almost half for carbon monoxide (CO),
total hydrocarbons (THC), and for mono-nitrogen oxides
(NOx).” Testing verified that the HydraGEN™ HG1 unit reduced
emissions of CO by 48.1%, THC by 50.0%, and NOx by 46.1%, all of
which exceeded our estimates. This puts dynaCERT and the HydraGEN™
technology firmly into the Hydrogen Economy and provides companies
worldwide the opportunity to benefit from the Carbon Credit economy
with proven Carbon Emission Reduction Technology.
The subsequent Phase Two testing by the PIT
Group on the test vehicles was conducted on October 31st, 2017
which by this date had the test vehicle travel double the previous
distance. PIT then followed the industry standard test
procedure based on TMC Fuel Consumption Test Procedure – Type II,
RP 1102A (TMC 2016) as was done in the Phase One testing.
Performance of the HydraGEN™ HG1 unit reduced fuel
consumption by 5.9% when run at a constant speed of 105
kilometres/hour for 100 kilometers on a flat track. Please see
www.dynaCERT.com for a copy of the PIT Group report titled “Fuel
Consumption and Emissions Tests of the HydraGEN™ Technology from
dynaCERT”.
Jim Payne, dynaCERT President & CEO. states:
“This is solid confirmation that our dynaCERT HydraGEN™ “Carbon
Emission Reduction Technology” works. The achieved reduction in
emissions exceeded all expectations and the confirmed 5.9%
improvement in fuel savings above what is already considered the
optimum performance of a modern class 8 truck is, as stated by PIT,
a result to be envied.”
Additional Benefits of HydraGEN™
Technology
In the November 20, 2017 press release, incorrect information
was provided on the additional benefits of the HydraGEN™
Technology. In quantifying such benefits to end users, the Company
has considered the fuel savings achieved by PIT @ 5.9%, a reduction
in the cost of replacing and cleaning Diesel Particulate Filters
(PDF) for Class 6-8 trucks at a cost up to US$1500, Diesel Emission
Fuel (DEF) savings at a cost of US$2/gallon and oil changes at a
cost of US$200 per change. There are additional savings not
calculated including, but not limited to, the reduced number of
regeneration of trucks filtration systems and the reduced down time
and maintenance associated with regenerations.
The DPF needs to be cleaned regularly through
a process called regeneration, either active, passive or
forced regeneration. The accumulated soot is burnt off at
high temperature (approximately 600°C) to leave only a residue of
ash, effectively renewing or regenerating the filter,
ready to take on more pollution from the engine.
Future savings will also be realized from carbon
credits and government environmental rebates once these are
implemented. These additional benefits, combined with the Company’s
new pricing and leasing strategy, show the Payback Period of the
Company’s products to be under one year.
Historically shown in real on-road conditions,
confirmed through tests performed at the Automotive Centre of
Excellence, specific amounts of hydrogen and oxygen introduced to
the air intake of a diesel engine resulted in increased torque and
power to the drive train, showing additional benefits when the
truck is under stress, pulling loads uphill, and against strong
wind and adverse weather conditions along with the lessened amount
of gear changes required, even greater fuel economy can be
realized.
About dynaCERT Inc. dynaCERT
Inc. manufactures, distributes, and installs Carbon Emission
Reduction Technology for use with internal combustion
engines. Our patent-pending technology creates hydrogen and
oxygen on-demand through electrolysis and supplies these additives
through the air intake to enhance combustion, resulting in lower
carbon emissions and greater fuel efficiency. Our technology
is currently in use with on-road applications. Website:
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: future
issuances of shares, approval by the TSX Venture Exchange.
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 & PresidentdynaCERT Inc.#101 – 501 Alliance
AvenueToronto, Ontario M6N 2J1(416) 766-9691 x
2jpayne@dynaCERT.com
Investor RelationsdynaCERT Inc.Nancy
Massicotte(416) 766-9691 x 1ir@dynaCERT.com
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