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Message: TSXV 50's dynaCERT Receives $4.1 Mln HydraGen Technology for Europe; Surges Near 39% Thursday

 

2017-12-22 09:10:46 AM ET (MT Newswires)
   
   

09:10 AM EST, 12/22/2017 (MT Newswires) -- dynaCERT (DYA.V) recently secured purchase orders in Germany for its HydraGEN Technology, with 520 model units valued at $4.1 million.

The company said in a statement that the units are destined to KWK GmbH, which is part of a buying group. The first 20 units are scheduled for delivery in January 2018 and the remainder have a planned rollout throughout 2018, starting in March.

Enrico Schlaepfer, VP, Global Sales for dynaCERT, said: "The immediately addressable market in Europe for stationary diesel-powered generators is approximately 125,000 installations. This opportunity reveals a significant market in 2018 for dynaCERT to begin serving the Europeans who seek to greatly reduce their carbon footprint."

Schlaepfer added: "With this order and the resulting tested validation, we are commencing our market penetration strategy proceeding into the South Asia marketplace with a focus on public and private stationary diesel-powered generators that produce nearly 60% of the available electrical power across that region."

KWK CEO Johann Tischner said: "We at KWK are delighted with the HydraGEN HG1-45, especially with the fuel savings achieved and we decided for this reason to deepen our co-operation with dynaCERT and its German dealer, Hoer&Hoer GreenTech. This collaboration will see our members deploy the HydraGEN Technology on their generators in 2018. These generators are all different sized engines some up to 500kW which may require 1, 2 or 3 HG1-45 Units each."

Shares on Thursday surged 38.7% to $0.52 apiece in a 52-week range of $0.30 - 1.18.

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