Mr. Jim Payne reports
DYNACERT ANNOUNCES UPDATES, NEW ORDERS, NEW EQUIPMENT RECEIVED FOR HG-2
DynaCERT Inc. has provided 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 its customers and dealers with regard to its upgraded HG-145 units that have been purchased and installed since its official launch of these products at Truck World 2018. Along with these reports, the company is 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, and 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 retesting on a dynamometer under controlled conditions and finally on-road tested for real-life conditions. Final results are expected in late September.
Dubai and Middle East
The company is pleased to announce that it continues to receive orders from its 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 it has received delivery of its specialized laser welding equipment designed and manufactured in Germany for the manufacturing of its 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 its 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, the company's chief executive officer met with the principal of International Environmental Partners Ltd., which is a sustainability adviser, and a carbon and biomass trader with relevant knowledge and data of 15,000 carbon projects worldwide. DynaCERT has commenced working with IEPL to place its carbon emission reduction technologies in the front line of capturing certified carbon credits. The company's patent-pending Smart ECU, as announced in press release dated Oct. 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.
DynaCERT manufactures, distributes and installs carbon emission reduction technology for use with internal combustion engines. As part of the growing global hydrogen economy, the company's 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. The company's 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 railway locomotives.
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