dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) (DAX:DMJ)
("dynaCERT" or the "Company") is pleased to provide the following
update:
India Tour with Prime Minister Justin
Trudeau
Mr. Robert Maier, COO of dynaCERT, represented
the Company at the special dinner in New Delhi held in honour of
Prime Minister of Canada Justin Trudeau on Thursday, February 22,
2018, and has had numerous meetings with official groups and
companies in India that expressed interest in the Company’s
HydraGEN™ Technology, including the several offices of the India
Central Government, the Ministry of Transportation and the Ministry
of Environment as well as City of Delhi officials. Discussions were
mainly focused on India’s keen interest in the environmental
benefits of the technology. Other talks included senior
representatives from The All India Motor Transport Congress
(“AIMTC”), who had been hosted by dynaCERT in Toronto in November
2017 (see Press Releases dated November 2, 2017 and December 4,
2017) and Ashok Leyland Ltd. (“ALL”), which manufactures in India a
wide range of equipment using diesel engines.
Ashok Leyland Ltd.
Ashok Leyland Limited, a company located in
Gurgaon, India, is an Original Equipment Manufacturer of
diesel-powered vehicles for the South Asia marketplace with sales
and service offices in strategic locations throughout the
region. ALL sells over 400,000 vehicles per year.
Ashok Leyland operates in India and also exports to South Asia,
Middle East and African nations. dynaCERT has followed up
with senior officials of Ashok Leyland and is furthering its
relationship with the company.
All India Motor Transport
Congress
The All India Motor Transport Congress also
hosted dynaCERT COO, Mr. Robert Maier, in New Delhi on Mr. Maier’s
trip to India. It was agreed that a grand launch of
dynaCERT’s HydraGEN™ Technology in India will be organized by the
AIMTC as part of their upcoming National Conference to be held in
New Delhi in April 2018 and will include the Minister and senior
officials of the Transport Ministry of India, OEM’s based in India
and other dignitaries of the road transportation industry of
India. AIMTC members operate approximately 10,000,000 diesel
powered trucks and buses across India. Of those members, the
AIMTC has indicated that approximately 1.4 million trucks have a
National Permit in India and move across the nation. It is
estimated that those trucks could potentially benefit most from
dynaCERT’s HydraGEN™ Technology.
Automotive Research Association of
India
The Automotive Research Association of India
(“ARAI”), is testing dynaCERT’s HydraGEN™ Technology under local
road conditions in India. The ARAI is the co-operative industrial
research association of the automotive industry with the Government
of India, Ministry of Industries. Subject to receipt of a positive
report of dynaCERT’s HydraGEN™ Technology by ARAI, the AIMTC has
indicated that it would be prepared to recommend the use of the
technology to its members.
As stated in a letter addressed to dynaCERT,
dated February 22, 2018 and signed by both President S.K. Mittal
and Chairman Kultaran Singh Atwal of the All India Motor Transport
Congress:
“The ongoing enthusiasm only hinges around the
positive report from ARAI meeting the challenges of the Indian
trucking conditions. AIMTC, then will recommend, HydraGEN™
Technology to its members accordingly for common good. Initially a
tentative demand of 10,000 units could be expected that our members
may order from dynaCERT Inc directly to suit their particular
engine needs.”
“We have been also told by officials of Ashok
Leyland Ltd. that they agree in principle to place a bulk order,
subject to the report from ARAI. In closing we are sure that AIMTC
and dynaCERT have paved a strong foundation to build a synergistic
association for times to come.”
Robert Maier states: “We are very excited about
the progress that we have made in our ongoing meetings, discussions
and dialogue with groups and companies in India. Diesel
engines which cause insufferable air pollution are a large part of
everyday life in personal transport, commodity transport, intercity
movement of people in India, and, for a large part of the community
electrical power which requires stationary diesel generators.
Indian officials that we have met with have been very receptive to
the environmental benefits of the HydraGEN™ systems. We look
forward to helping clean the environment with them."
About dynaCERT Inc.dynaCERT
Inc. manufactures, distributes, and installs Carbon Emission
Reduction Technology for use with internal combustion
engines. As part of the growing global hydrogen economy, our
patent-pending technology creates hydrogen and oxygen on-demand
through electrolysis and supplies these through the air intake to
enhance combustion, resulting in lower carbon emissions and greater
fuel efficiency. Our technology is designed for use with all
types and sizes of diesel engines used in on-road vehicles, reefer
trailers, off-road construction, power generation, marine vessels
and railroad locomotives.
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 the potential
expansion into new markets, industries and segments, such as
diesel-powered use of any the dynaCERT products in India or sales
in India. 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
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