dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT"
or the "Company") is pleased to announce that it has been invited
by the Government of the Province of Ontario, Canada (“Ontario
Government”) to participate in the Hydrogen Strategy Working Group
of the Ontario Government under the guidance of the Ministry of the
Environment, Conservation and Parks.
Jean-Pierre Colin, Executive Vice President of dynaCERT, and Jim
Payne, CEO of dynaCERT, will continue to attend Ontario Government
strategy meetings in furthering the Ontario Government’s
development of a hydrogen strategy.
Hydrogen Strategy Working
Group
The Ontario Government established a new Hydrogen Strategy
Working Group to help inform the development of the hydrogen
strategy for the Province of Ontario.
This working group is intended to build on the input that the
Ontario Government received through the public consultation process
and Ontario’s hydrogen discussion paper. Members of the Hydrogen
Strategy Working Group will also provide advice on how to use
hydrogen across various sectors and help Ontario compete in the
global hydrogen market. The Ontario Government has invited 21
Ontario Hydrogen Economy participants to Hydrogen Strategy Working
Group which consists of experts from industry and academia. See:
https://www.ontario.ca/page/low-carbon-hydrogen#section-5
Sales in the Global Mining
Industry
In Q1 2021, dynaCERT has shipped or received confirmed orders of
its flagship HG-1 HydraGEN™ Technology Units as well as its sister
HydraGEN™ HG2 and HG-4C and HydraGEN™ HG-6C large capacity Units to
international mining companies operating in Russia, China, Brazil
and Peru through sales to its arms-length dealer H2Tek specializing
in the sale of HydraGEN™ Technology in the mining industry. H2Tek
is sponsored internationally by Export Development Corporation, a
Crown Corporation of Canada, and dynaCERT’s currently sole Asian
dealer, Puma HydroCarbons, who operates in China. Diamond Mines,
Coal Mines, Copper Mines and Gold Mines are adopting dynaCERT’s
proprietary HydraGEN™ Technology globally. The HydraGEN™ HG-4C and
HydraGEN™ HG-6C large capacity Units will soon be deployed in open
pit mining operations on large 50-litre diesel engines that operate
in hostile climates such as open pit mines where temperatures deep
lower than -40 degrees Celsius and are located in very remote areas
of the planet.
Growing Sales in the Trucking Industry
in North America
Q1 2021, dynaCERT has received purchase orders with advanced
payment of twenty (20) of the Company’s 20 newest 2021 model HG-1
units for the North American continental trucking customers of
KarbonKleen which is furthering its successful trials to its
trucking and logistics clients.
In Q1 2021, dynaCERT has sold and installed our HG-2 units to a
midsize Dodge truck and Ford F-350 delivery truck in Ontario
through the Company’s dealer H2Tek.
City of Woodstock
Success
dynaCERT has just completed Emission Tests on the City of
Woodstock’s entire bus and garbage truck fleet to showcase
reductions of greenhouse gases and fuel savings with very solid
results from its initial previously announced pilot project. The
City of Woodstock reduced fuel consumption by a significant factor
in its recent Garbage Trucks Trials featuring dynaCERT’s HydraGEN™
“Carbon Emission Reduction Technology”.
dynaCERT is also working with several municipalities across
Ontario supplying quotes and extensive analyst reports for their
fleets showing the potential fuel savings and more importantly the
emission reductions and Green House Gas reductions that can be
realized with the utilization of HydraGEN™ “Carbon Emission
Reduction Technology”.
dynaCERT and its Dealer in
Negotiations with the World’s Largest
Transportation Polluters
dynaCERT’s Canadian Dealer, Mobile Emissions Testing Inc.
(“Mobile Emissions”) along with dynaCERT is in negotiations with
one of the world’s largest transporters of goods which is committed
to reducing its Carbon Footprint. As well, Mobile Emissions is
assisting the Company with its Ontario Government initiatives and
is also focussing on some of Ontario’s largest Municipal
accounts.
Non-Core Electrolyser Research &
Development
With 17 plus years of Research and Development, scientific
knowledge, and design advancements within hydrogen generation,
dynaCERT intends to expand and leverage their expertise and
knowledge to form the basis for future decades to advance the
Company’s goal to adapt its HydraGEN™ Technology to numerous
markets, globally. dynaCERT’s Hydrogen electrolysers have gone
through a series of transformations to meet the market demand.
dynaCERT’s existing Alkaline Hydrogen electrolysers are best suited
for non-pressurized Hydrogen production up to 500 litres per hour
and can be stacked for higher Hydrogen demand.
Gurjant Singh, dynaCERT’s Head of Research and Development
stated, “dynaCERT’s upcoming products such as the Anion Exchange
Membrane and the Cation Exchange Membrane electrolysers will
produce pressurized Hydrogen to meet the global demand. Pressurized
Hydrogen will significantly cut down the compression cost making it
affordable to use in small- and large-scale applications such as
off-grid power supply, fuel cells etc. dynaCERT’s smart ECU will
enable consumers to control Hydrogen production remotely and
simplify data management.
dynaCERT is committed to achieve and participate in net zero
emissions goal by 2050. Exponential growth in Hydrogen production
over the past few years by conventional methods have further
impacted the environment adversely. In 2019, more than 550 million
tons of Carbon Dioxide were released in the atmosphere because of
hydrogen production via Methane Reforming Process. At $50 per ton
Carbon Credit, there is potential for more than $27 Billion worth
of yearly savings. Carbon Credits remain a huge future revenue
stream for dynaCERT with our Patent Pending Carbon Capturing
Methodology while capturing credits for the Carbon Saved with our
Hydrogen Generating electrolysers.”
Jim Payne, CEO of dynaCERT, stated, “dynaCERT fully supports the
Ontario Government initiatives related to the development of its
hydrogen strategy. The Hydrogen Strategy Working Group of the
Ontario Government is an important step in the process of
developing a workable hydrogen strategy. We applaud all the
dedicated people involved in this Ontario Government initiative and
thank all participants within the government and within the private
sector for their commitment to making hydrogen an important part of
our collective future.”
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 ADVISORY
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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210315005255/en/
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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