00:04:52 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



DynaCERT Inc
Symbol DYA
Shares Issued 228,070,480
Close 2016-12-09 C$ 0.72
Market Cap C$ 164,210,746
Recent Sedar Documents

DynaCERT hires Nektar to track Smart ECU data

2016-12-09 19:43 ET - News Release

Mr. Jim Payne reports

DYNACERT ENGAGES NEKTAR DATA SYSTEMS TO TRACK, MONITOR AND REPORT REAL TIME DATA FOR OUR HYDRAGEN(TM) AND SMART ECU

After thorough due diligence of several technologies, DynaCERT Inc. has engaged Nektar Data Systems, highly recognized as a premier international fleet management system consulting group, to create a fleet management system with the capability to analyze the entire project and provide real-time tracking, monitoring and reporting derived from data collected by the DynaCERT Smart ECU.

The DynaCERT HydraGen product users will be able to access this information through a portal fully owned, controlled and managed by DynaCERT.

The $300,000 fee for Nektar Data System's fleet management package will be paid as follows:

  • $150,000 due immediately:
    • $75,000 in cash;
    • $75,000 in shares (at an ascribed price of 57 cents per share, resulting in the issuance of 131,578 common shares);
  • $150,000 balance after the project is completed, based upon:
    • $75,000 in shares upon successful launch of the project (with pricing to be based upon market price at such time);
    • $75,000 in shares 30 days after the project is launched (with pricing also to be based upon market price at such time).

Issuance of the aforementioned shares is subject to approval by the TSX Venture Exchange. Such shares will, upon issuance, be subject to a statutory four-month hold period in accordance with applicable securities laws.

David Bridge, chief operating officer of DynaCERT, stated: "This is a huge step forward from a technology standpoint. Upon completion of launch, it is expected that this technology will enable end-users to have a system in place that allows the customer to view and assess performance in real time, as well as realize the true benefits of the HydraGen and Smart ECU product."

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.