TORONTO, June 07, 2018 (GLOBE NEWSWIRE) -- 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.
dynaCERT 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.
This 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 East
We 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.
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 Credits
While 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
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. 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.
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On Behalf of the Board
Murray James Payne, CEO
For more information, please contact:
Jim Payne, CEO & President
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
(416) 766-9691 x 2
(416) 766-9691 x 1