dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ)
("dynaCERT" or the "Company") is pleased to announce that it has
engaged expert world-renowned data security software company,
Cosario Limited of Mississauga (Canada) (“Cosario”), to further
ensure global state-of-the-art user privacy of its HydraGEN™
Technology.
Cosario is managed by Mr. Brian Semkiw and Mr.
Rui Mendes who were the founders of 3rdGP, the pioneers in critical
data security software which is used in international payments
systems such as Apple Pay, PayPal and many other point-of-sale
terminals worldwide. As trucking fleets worldwide with thousands of
trucks travel the globe and begin using dynaCERT’s HydraGEN™
Technology, along with its HydraLytica™ software, similar high
stakes data security issues become vital to user adoption.
As dynaCERT sales and marketing teams penetrate
global markets, including Europe with its strategic partner MOSOLF
Group (See Press Release dated October 16, 2019), the Company is
building inroads to comply with The General Data Protection
Regulation (“GDPR”) which was created to protect the privacy of
individuals within the European Union, providing new rights to know
what information is collected and how it is used and shared, as
well as the right to correct and delete data.
In its Press Release dated July 4, 2019,
dynaCERT announced that it had launched its proprietary
HydraLytica™ telematics device software enabling easy access to
data evidencing real-time fuel savings and carbon emission
reduction from diesel-powered vehicles and machinery equipped with
the Company’s HydraGEN™ Technology. With HydraLytica™, the Company,
its dealers, and clients such as truckers and fleet owners equipped
with the HydraGEN™ Technology, can easily monitor from their
computers an automatically calculated savings of diesel and carbon
emissions with HydraLytica™ updated periodically while a truck is
travelling.
The data collection is also intended to be used
to certify and authenticate Carbon Credits which are being
developed by the Company’s initiatives along with International
Environmental Partners of the UK (See Press Release dated March 26,
2019). In addition to dynaCERT’s patented Smart ECU, the electronic
intelligence working behind the HydraGEN™ Technology, the Company
has made significant advancements to its proprietary intellectual
property regarding the collection of data for the purposes of
advancing applications for certifying future lucrative Carbon
Credits. For example, dynaCERT is continuing with its PCT
Applications regarding “Systems and Methods for Tracking Greenhouse
Gas Emissions Associated with an Entity” (See Press Release dated
August 22, 2019).
Rui Mendes, CTO of Cosario stated, “Data
security is an essential step in the development of a scalable
Carbon Credit Platform. We are pleased to be a part of this
exciting project with dynaCERT.”
Jean-Pierre Colin, Director & Corporate
Secretary of dynaCERT, responsible for overseeing the Company’s
compliance with legal matters, stated, “Security of data is of
paramount concern to every individual in the world today, including
our European clients, especially when viewed against the backdrop
of advancements in artificial intelligence and data collection by
political parties, governments, hackers, and major software and
media corporations operating globally. Data security breaches can
have an effect on personal privacy, competition, democracy,
detentions, and daily consumer behavior. We see our engagement of
Cosario as the necessary first cornerstone of practical compliance
with new trends in international legislation, human privacy, data
authentication and data security.”
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes
Carbon Emission Reduction Technology 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, resulting in lower
carbon emissions and greater 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, 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 future
acceleration of the expiry date of Non-Repriced Warrants. 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 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, CEO
For more information, please
contact:
Jim Payne, CEO & PresidentdynaCERT Inc.#101
– 501 Alliance Avenue Toronto, Ontario M6N 2J1 +1 (416) 766-9691 x
2jpayne@dynaCERT.com
Investor RelationsdynaCERT Inc. Nancy Massicotte
+1 (416) 766-9691 x 1ir@dynaCERT.com
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