08:25:21 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



DynaCERT Inc
Symbol DYA
Shares Issued 226,898,059
Close 2016-11-18 C$ 0.51
Market Cap C$ 115,718,010
Recent Sedar Documents

DynaCERT hires consultant for production plant

2016-11-21 09:59 ET - News Release

Mr. Murray Payne reports

DYNACERT PROVIDES CORPORATE UPDATE

DynaCERT Inc. has provided a corporate update.

All outstanding warrants of the company have been exercised, financing the company treasury with $2,928,974. Funds will be used for operations for the production of the company's HydraGen units. The company is now planning new research and development efforts in different applications, a targeted marketing program, and focused attention on increasing sales.

DynaCERT has engaged a seasoned manufacturing consultant to develop its new production facility as the company continues to assemble units in its current premises. The production target in the company's new facility is 6,000 units per month to fulfill anticipated sales.

In addition to the agency agreements previously announced, the company is actively interviewing strategic sales firms in different regions across North America and Europe with direct contacts to the local transportation, heavy equipment and power generation firms. The plan is to create a wide distribution network that represents DynaCERT and the HydraGen product effectively.

The Automotive Centre of Excellence (ACE) at the University of Ontario Institute of Technology (UOIT) testing results reported in press release dated Nov. 15, 2016, verified up to 19.2-per-cent fuel consumption reductions. As well, results yielded up to 40-per-cent reductions in greenhouse gases for the Class 8 diesel truck engines.

The company continues to test smaller versions of the HydraGen unit for use on diesel engines in the light truck and passenger vehicle markets at an independent third party accredited facility in the United States. Results from the American testing centre will be press released when received by DynaCERT.

DynaCERT has submitted several applications for federal and provincial grants supporting business growth, research and development, and expansion of the company's technology and intellectual property. This includes developing, testing and verification for off-road construction vehicles, railway locomotives, ocean-going ships, off-the-grid systems and land-based power generation units.

Jim Payne, president and chief executive officer of DynaCERT, stated: "We are thrilled with the recently announced third party validation and testing results. The HydraGen's capability to reach up to 40 per cent in the reduction of greenhouse gases and over 19 per cent in fuel savings met and exceeded our expectations. Trucks equipped with the HydraGen unit can reduce particulate matter by over 65 per cent, significantly reducing the black smoke being emitted into the environment. The 550-plus pages of testing results have provided the company with valuable data, enabling us to further program our new Smart ECU to maximize performance for all applications."

As released on Nov. 8, 2016, DynaCERT was chosen as one of Canada's Top 20 hottest most innovative small-and-mid-market tech public companies for 2016 by the Canadian Innovation Exchange (CIX). DynaCERT's president and chief executive officer, Mr. Payne, will be presenting the company and technology to an audience of Canada's top tech investors and peers at CIX's public investor day. This year's event will be held at MaRS Discovery District in Toronto on Nov. 23, 2016, and is unique to any other showcase event in Canada.

About DynaCERT

DynaCERT manufactures, distributes and installs carbon emission reduction technology for use with internal combustion engines. The company's 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.

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