dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) (DAX:DMJ)
("dynaCERT" or the "Company") is pleased to provide the following
update:
India Congress
dynaCERT management and board members hosted
executives from the All India Motor Transport Congress (AIMTC) on
November 21-24, 2017. The AIMTC is an association that began in
1936. Currently the AIMTC members manage over 10 million trucks and
5 million buses in the India market.
The AIMTC was presented with all the relevant
information concerning the opportunity of dynaCERT’s HydraGEN™
Technology. The Company showcased our two new HG1 models and the
upcoming HG2 Unit for large trucks, small trucks, busses and power
generators. The presentation by dynaCERT and the Omni News Video of
the India Congress may be viewed on the web page of dynaCERT at
www.dynaCERT.com.
Former Cummins Eastern Canada President, Mike Christodoulou, a
member of the dynaCERT Advisory Board, who dialogued with the
executives from India, states, "dynaCERT's HydraGEN™ Technology
continues to produce very desirable results in on-highway
transportation applications. Most recently, the highly
accredited PIT Group in Montreal, greatly considered the gold
standard in automotive technology testing, reported some very
impressive fuel and emissions figures. Performance of the
HydraGEN™ HG1 Unit reduced fuel consumption by 5.9% during PIT's
tests which follows the TMC Fuel Consumption Test protocol.
And, NOx and CO2 were reduced by 46% and 50%,
respectively.”
Mr. Christodoulou goes on to say that, "I spoke directly with
PIT Group representatives who claimed they had not seen these kinds
of numbers in previously tested aftermarket technologies and that
dynaCERT's results would be envied by other fuel improvement and
carbon reducing technology providers." He adds, "The key here
is that the tests were performed to PIT's standards and, according
to PIT, the results were measurable and consistent." It is
important to note that third-party validation of the systems using
trace amounts of Hydrogen Gas injected into the air intake of
engines, such as dynaCERT's technology, has been conducted at a
large number of testing institutions all of which have provided
outstanding results, including NASA, Argonne National Laboratory,
Jet Propulsion Labs and the California Institute of Technology
among many others. Christodoulou adds, "The PIT
Group's findings make it very clear that this technology works.
It's positive impact on the trucking industry and the environment
should cause trucking executives and political leaders alike to
have this technology on the forefront of their agendas."
The India group of businessmen indicated their
interest to embrace commercial opportunities with Canadian
technology business developers such as dynaCERT. Currently, the
primary concern in India is air pollution. In Delhi, for example,
the media has reported severe smog and traffic incidents caused by
carbon emissions which have alarmed the trucking industry in India.
Discussions were held on several trade positions including direct
sales from Canada and future manufacturing in India for the South
Asian region which includes Afghanistan, Bangladesh, Bhutan, India,
Maldives, Pakistan, Nepal and Sri Lanka. The South Asian
countries have a combined population of nearly 2 billion
people.
The India group of businessmen also complimented dynaCERT and
its management for its world-wide applications of its HydraGEN
Technology. Mr. Kultaran Singh Atwal, Chairman of the AIMTC
stated, “Our recent visit to dynaCERT has been an incredible
experience. Our members were quite impressed by their fuel saving
and green/clean technology. India needs dynaCERT’s technology
for its future growth and to bring down the ever increasing and
alarming pollution levels. We look forward to doing business with
them in the coming years.”
These issues are significant to governments and
citizens alike. Both the Canadian Federal Government and the
Ontario Provincial Government were in attendance.
The Government of Ontario sent their
representative, Ms. Harinder Malhi, MPP, the associate to the
Honourable Premier Ms. Kathleen Wynne, who opened the congress. The
congress was assured that the Government of Ontario is closely
watching the international progress of dynaCERT and pleased to
further the Company’s efforts in exports to the world. In addition,
Mr. Vic Dhillon, MPP and Mr. T.K Pandey, Director of the Indian
Importers Chambers of Commerce & Industry, were distinct
speakers at the congress. At a reception afterwards, several other
prominent Ontario political figures were in attendance to greet the
dynaCERT team and the many Indian business professionals, including
Ms. Sara Singh, Ontario’s NDP MPP Candidate for Brampton
Centre.
The Federal Government was also prominent with
their presence at the conference. Mr. Hersh Gandhi, Executive
Assistant to the Honourable Kamal Khera, Member of Parliament and
Parliamentary Secretary to the Minister of National Revenue
presented to Mr. Jim Payne a unique certificate of congratulations
and thanks from the Government of Canada. Jai Naraine, representing
Ramesh Sangha, Member of Parliament of the Government of Canada,
held high level talks with Mr. Jim Payne and senior management. Mr.
Sukh Dhaliwal, Federal MP joined the delegates in Surrey, BC.
Marc Bertrand, former CEO of Mega Brands and a member of the
Advisory Board of dynaCERT, attended the event and remarked, “With
up to 30%-50% reduction in carbon emissions, dynaCERT's technology
will have a significant impact on pollution in India. It was nice
to have the Provincial and Federal Government participate at this
event. dynaCERT has advanced the HydraGEN™ Technology that can help
all governments internationally meet their carbon reduction
targets. We look forward to creating programs and collaborating
with governments world-wide to support the commercialisation of
these products."
Appointment of New International Firm of
Auditors
The Board of Directors of the Company is pleased
to report that they have chosen the international firm of Ernst and
Young (“EY”) to be the financial auditors of the Company. EY has
committed to become auditors of dynaCERT and we welcome their
professional services going forward as we grow to become an
international enterprise.
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,
CEOFor 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
DynaCERT (TSXV:DYA)
Historical Stock Chart
From Aug 2024 to Sep 2024
DynaCERT (TSXV:DYA)
Historical Stock Chart
From Sep 2023 to Sep 2024