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dynaCERT Inc. (TSX VENTURE: DYA) ("dynaCERT" or the "Corporation") is pleased to announce that we have leased and are currently building out an 8,000 square foot expansion to accommodate the upcoming assembly of our flagship product HydraGen for the trucking industry. This expansion will result in a modern facility with a production capacity of 2,000 units per month based on an 8 hour shift.
For this new facility, new equipment and additional manpower are required and as such, we are currently in discussions for funding through both federal and provincial government grant and loan programs.
Our current facility will be then converted to Research and Development and production for Shipping, Rail and Large Stationary Power Generation products. There is a planned financing program starting later this year with regard to these emerging markets we are presently working with the Government and Port supports. As a result of all these new and ongoing government grant applications, the company has a adopted to adhere to the Ontario Governments requirements-validation process to ensure qualification under any of its or the Federal Government programs.
As such, we are currently engaged at the initial stage with the Ontario Government to validate our HydraGen product for the trucking industry at their new Ontario University facility. The validation process will focus on fuel savings, reduction of green house gases and accreditation of carbon credits. Once this is completed in Canada, dynaCERT is scheduling to follow the same protocol for validation and accreditation within the United States Environmental Protection Agency "EPA" at their new National Vehicle & Fuel Emissions/Transportation and Air Quality "NVFEL" laboratory in Michigan.
Further, dynaCERT is currently working with several trucking firms in Ontario by having HydraGen units and data loggers installed on 2012-2016 transport trucks, these trucks are collecting data to complete the new algorithms for our new Smart ECU.
In addition, the dynaCERT team of engineers and scientists are working with the RMF Design and Manufacturing team of Electronic engineers along with Diesel and Electronic Technicians who are Consultants from two major OEM companies, in finalizing the electronic interface of our "Smart ECU" along with the filing of patents on same. The completion our new "Smart ECU", or brain, will be a major addition to our secured intellectual property "IP" which is wholly owned and controlled by dynaCERT. The technology of our new ECU is much like that of a smart phone where it is always learning. The ECU will communicate with the onboard computer along with reading, collecting and storing data of fuel efficacy and emissions, enabling remote access by both dynaCERT and end users. This addition to our technology will also provide monitoring for Carbon Credits and GPS tracking.
dynaCERT has recently entered into a contractual agreement with a company representing our product suite within the country of India, their intent is to initially ship and sell products with the option to purchase a licensing agreement for manufacturing with an ongoing royalty commitment per unit. dynaCERT would then maintain control of our Smart ECU and ship these to the licensee upon receipt of said royalties.
The Country of India represents an estimated 1.5 million buses, 5 million trucks and numerous diesel power plants. The Government of India has recently announced requirements to meet more stringent emission reductions.
Finally, dynaCERT is also pleased to announce that it has partnered with Global Access Capital Corp to provide lease options specifically for dynaCERT Technology customers. Global Access states, "Through our leasing program, we are constantly seeking solutions that will help the clients make rapid progress and will enable them to take advantage of the best business opportunities." More information will be added to both web sites at www.dynacert.com andwww.globalaccesscapital.ca
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. Our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these additives through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is currently in use with on-road applications. More information can be found atwww.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. In particular, forward-looking information in this press release includes, but is not limited to periodic updates of results, testing programs and results, negotiations with third parties concerning potential business transactions, and the timing of certain going forward projects. 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 atwww.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 & President dynaCERT Inc. (416) 766-9691x 602[email protected] Investor Relations dynaCERT Inc. [email protected]
SOURCE: dynaCERT Inc.
mailto:[email protected] mailto:[email protected]
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