dynaCERT Inc. (TSX-V:DYA) (OTCQB:DYFSF) (DAX:DMJ) ("dynaCERT"
or the "Company") is pleased to provide the following
update:
Testing by Automotive Research Association of
IndiaThe India trucking industry participants realize that
there is a potential performance difference between testing and use
of the HydraGEN™ Technology in North America as compared to the
environmental and operational conditions in South Asia. The
Automotive Research Association of India (“ARAI”) has been
contracted by dynaCERT to test our HydraGEN™ Technology under the
supervision of one of our senior engineers and rigorously subject
the technology to local road and driving conditions in India. This
testing will be with the lower grade diesel fuel that is available
in the market and on vehicles that are technologically different
than those in North America where our previous testing has been
done.
These tests are expected to be completed prior
to the official HydraGEN™ product launch during the upcoming All
India Motor Transport Congress in New Delhi as provided by the
conditions for the sale of our HydraGEN™ Technology stated in the
press release dated February 27th, 2018.
European MarketsEnrico
Schlaepfer, Vice President of Global Sales, will be travelling to
Belgium, Germany, Switzerland and Austria for many meetings
starting March 5, 2018. Mr. Schlaepfer, along with dynaCERT's
dealer for Germany and Switzerland, H2 GreenTech, will be visiting
current and new potential customers who have indicated an interest
in using our HydraGEN™ Technology on their stationary
generators.
In furtherance of the development of the
marketing to the on-road transportation industry in the European
market, Mr. Schlaepfer will be also overseeing the final steps for
homologation certification in Germany working with TUV NORD and TUV
SUD. As reported previously, the Company has created dynaCERT GMBH
as a wholly-owned subsidiary in Germany in order to comply with the
European road transport requirements for certification and to
facilitate dynaCERT’s sales and marketing strategy for Europe,
Middle East and Africa i.e. EMEA. The certification process is the
final regulatory requirement to license on-road transport companies
to use the HydraGEN™ Technology on their vehicles.
Northwest Territories Power
CorporationThe installation and testing of HydraGEN™ units
in mid-2017 is completed. Due to exceptional results realized on
similar applications in Europe, we are now in discussions to
perform further testing with our upgraded units to increase fuel
savings. These upgraded units are a simple, low cost retrofit
to the existing operational engines with minimal modifications to
each power station.
Edison AwardsdynaCERT has been
notified that we are one of three finalists to receive an Edison
Award™ for our HydraGEN™ Technology in the Energy &
Sustainability – Vehicle Advancements segment. The 2018 Edison
Awards™ are to be presented in New York City on April 11, 2018.
The Edison Award™ is a leader in globally
recognizing, honouring and fostering innovation and innovators to
create a positive impact in the world. Being recognized with
an Edison Award™ is one of the highest accolades a company,
like dynaCERT, can receive in the name of innovation and business
success as can be seen on their website
http://www.edisonawards.com/finalists2018.php.
Conference Technical
PresentationOlivia Maier, dynaCERT’s chemical engineer,
has been chosen to be a presenter of the technical paper titled
“HydraGEN™ Technology Performance on Reefer Engines” at the 21st
annual Energy, Utility, & Environment Conference (“EUEC”) to be
held on March 5 to 7, 2018. The EUEC is the largest
professional educational, training & networking event of its
kind, which this year is in San Diego, California.
Toronto Truck WorlddynaCERT is
very pleased to be a first-time exhibitor at this year’s Truck
World trade show that is being held in Toronto on April 19 to 21,
2018. We will be joined by several of our dealers celebrating the
official launch of our HG-1 and HG-2 series of HydraGEN™
Technology. Please drop by and visit our booth #5559.
Law SuitAs reported by our
legal council, the legal action with a previous supplier (see
Management’s Discussion and Analysis dated September 30, 2017 filed
on SEDAR) is continuing. The Company is responding to a demand for
particulars and expects to receive a defence statement
thereafter.
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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