dynaCERT Announces Updates, New Orders, New Equipment Received for HG-2
June 07 2018 - 12:58PM
dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) (DAX:DMJ)
("dynaCERT" or the "Company") is pleased to provide the following
updates:
dynaCERT is not aware of any reason for
the recent share price decline, volumes or volatility in stock
trading over the last few days.
HG-1dynaCERT continues to
receive extremely positive written reports and verbal feedback from
our customers and dealers with regard to our upgraded HG-145 units
that have been purchased and installed since our official launch of
these products at Truck World 2018. Along with these reports, we
are receiving repeat orders, albeit small at this time. Management
is encouraged to see a positive change in market acceptance after
the past year of challenges that the company has faced and
overcome.
This week, dynaCERT has signed up two new
dealers in Alberta, one in Fort McMurray targeting the oil sands
industry with an initial purchase of two HG-145R units, the other
in Red Deer targeting heavy equipment and agriculture sectors with
a initial purchase of one HG-145.
European HomologationThis week,
TUV Nord commenced baseline trials on a 2017 MAN TGX18-460 class 8
truck to obtain the on-road homologation certification that will be
accepted across Europe. This is a four-stage process where the
truck will first be baseline tested without modifications on a
dynamometer, then operated on the road for approximately 10 weeks
with a HG-145R unit, followed by re-testing on a dynamometer under
controlled conditions and finally on-road tested for real life
conditions. Final results are expected in late September.
Dubai & Middle EastWe are
pleased to announce that we continue to receive orders from our
dealer in Dubai. One such order includes a large specialized unit
destined for a large containerized power generator at a plant in
Dubai. This containerized generator is a rental unit operated by a
company that manufactures and rents similar types of power plants
across the Middle East where the application of this HydraGEN™ unit
would be beneficial. It is interesting to note that the motivation
of the client is for a reduction in carbon emissions and greenhouse
gases.
HG-2:dynaCERT is also pleased
to announce that we have received delivery of our specialized Laser
Welding Equipment designed and manufactured in Germany for the
manufacturing of our HG-2 units. First production with this new
equipment is expected to start within the next month. This Laser
Welding Equipment is significant because it will allow our HG-2
units to be very robust, reliable and produced at lower costs.
Future Carbon CreditsWhile in
England at the London Stock Exchange Studios, our CEO met with the
Principle of International Environmental Partners Limited (IEPL)
which is a Sustainability Advisor and a Carbon & Biomass trader
with relevant knowledge and data of 15,000 carbon projects
worldwide. dynaCERT has commenced working with IEPL to place our
carbon emission reduction technologies in the front line of
capturing certified Carbon Credits. Our patent pending “Smart ECU”,
as announced in press release dated October 5, 2017, “Systems and
Methods for Tracking Greenhouse Gas Emissions Associated With an
Entity”, provides the mechanism to collect Carbon Credits pursuant
to the use of the HydraGEN™ Technology. With the development of a
European built verification platform, which is consistent with the
requirements mandated by the Paris Accord, management believes that
this opportunity to trade carbon credits will exist within Europe,
Canada, India and Dubai where the Company is already working.
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, mining and forestry
equipment, 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 and sales. 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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