dynaCERT Receives Assessment Report from Earthood in Compliance with the Verra Carbon Credit Process
November 27 2023 - 5:00AM
Business Wire
dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT"
or the "Company") is pleased announce that it has received from
Earthood Services Pvt. Ltd., (“Earthood”) the final Assessment
Report on Methodology for Improved Efficiency of Fleet Vehicles and
Combustion Engines (the “Assessment Report’). This Assessment
Report had been requested by Verra in accordance with the terms and
conditions set out in the applicable program rules of Verra.
dynaCERT has recently announced that if all findings by Earthood
are closed out appropriately and sufficiently, Earthood would
release its final report by end of November 2023. The Assessment
Report has now been concurrently sent to Verra and dynaCERT by
Earthood within the agreed upon schedules.
The Assessment Report supports the Methodology which will be
used by dynaCERT to validate its Carbon Credits under Verra’s VCS
Program.
dynaCERT’s proprietary HydraGEN™ Technology and HydraLytica™
Technology is designed to reduce carbon emissions in diesel
engines.
The summary of the assessment conclusions of the Assessment
Report is as follows:
The proposed methodology assessed in this report is based on the
methodologies titled “AMS-III.BC.: Emission reductions through
improved efficiency of vehicle fleets (version 3.0)”and VCS
approved methodology VMR0004 entitled “Revision to AMS-III.BC to
include Mobile Machinery (version 1.0)”. The VVB (Earthood) can
confirm that:
- The proposed methodology revision complies with the Verra’s
requirements/16/;
- The methodology form for its applicable version has been
appropriately filled for all relevant sections;
- The application of tools, guidelines and other applicable
document/1/(as mentioned in the methodology) is not altered;
- All relevant information has been consistently applied within
the applicable sections in the methodology document.
Jim Payne, CEO of dynaCERT, stated, “On behalf of dynaCERT, I
thank Earthood for delivering their Assessment Report on time, as
previously agreed by Verra and ourselves. dynaCERT’s work to
develop our unique Carbon Credit opportunities is advancing as
scheduled and will greatly benefit the users of our proprietary
HydraGEN™ Technology and HydraLytica™ Technology.”
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission
Reduction Technology along with its proprietary HydraLytica™
Telematics, a means of monitoring fuel consumption and calculating
GHG emissions savings designed for the tracking of possible future
Carbon Credits for use with internal combustion engines. As part of
the growing global hydrogen economy, our patented technology
creates hydrogen and oxygen on-demand through a unique electrolysis
system and supplies these gases through the air intake to enhance
combustion, which has shown to lower carbon emissions and improve
fuel efficiency. Our technology is designed for use with many types
and sizes of diesel engines used in on-road vehicles, reefer
trailers, off-road construction, power generation, mining and
forestry equipment. Website: www.dynaCERT.com.
READER ADVISORY
This press release of dynaCERT Inc. contains statements that
constitute "forward-looking statements". Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause dynaCERT’s actual results, performance or
achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. In particular,
information relating to Verra, the VCS Program, Carbon Credits and
Earthood Services Pvt. Ltd. cannot be independently verified. There
can be no assurance that such statements will prove to be accurate,
as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements. Actual
results may vary from the forward-looking information in this news
release due to certain material risk factors. This news release is
not intended for distribution to U.S. news services or for
dissemination in the United States.
Except 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. 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 of
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 the Toronto Stock Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Toronto Stock Exchange) accepts responsibility for the adequacy or
accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
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version on businesswire.com: https://www.businesswire.com/news/home/20231127345315/en/
For more information:
Jim Payne, CEO & President dynaCERT Inc. #101 – 501 Alliance
Avenue Toronto, Ontario M6N 2J1 +1 (416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations dynaCERT Inc. Nancy Massicotte +1 (416)
766-9691 x 1 nmassicotte@dynaCERT.com
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