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DynaCERT appoints HDCPA Professional as auditor

2022-10-20 11:43 ET - News Release

Mr. Murray Payne reports

DYNACERT ENGAGES HDCPA PROFESSIONAL CORPORATION AS AUDITOR

HDCPA Professional Corp. has been retained by DynaCERT Inc. to be its auditor.

Harpreet Dhawan, CPA, CA, director and principal auditor of HDCPA, stated: "HDCPA is a CPA firm with offices in Toronto and Mississauga and serving organizations across Canada and the U.S. HDCPA partners with other firms and professionals that share similar values and qualifications and is a member of Ameriserv, a network of independent firms. HDCPA's core values are the pillars upon which our business has been established and each and every professional stands by them every step of the way: integrity, commitment, excellence and collaboration. HDCPA is licensed with CPA Ontario as a public accounting firm authorized to perform assurance engagements and is also registered with the Canadian Public Accountability Board (CPAB). The firm has a team that understands the environmental stewardship and technology sector and have developed a niche in delivering assurance engagements in this sector for over a decade."

Jeff Zajac, director of DynaCERT and chair of the audit committee, stated: "DynaCERT required very unique added value services, given our presence in innovative new markets and in the carbon and hydrogen markets. During our new auditor search, we identified the firm of HDCPA Professional Corp. as having expertise in two areas that are very specific to our company. Their first-hand experience within both the trucking industry and the automotive manufacturing space gave us the peace of mind of having an auditor who would understand our business and provide added value within the audit process for years to come. What impressed the audit committee the most was their niche market expertise in the fields of ESG (environmental, social and governance), as well as EPR (extended producer responsibility), which are key value-added services that DynaCERT will most certainly need for the future. DynaCERT believes that HDCPA's unique boutique firm nature will be an excellent match and bring added value to the audit process in our modern day world."

HDCPA will take over from BDO Canada LLP, which resigned as the company's auditor on its own initiative on Aug. 5, 2022. The resignation of BDO and the appointment of HDCPA have been reviewed and approved by DynaCERT's audit committee and the board of directors as a whole. BDO previously confirmed that there are no reportable events, disagreements or unresolved issues (as those terms are defined in National Instrument 51-102 (Continuous Disclosure Obligations)) in connection with the change of auditor.

About DynaCERT Inc.

DynaCERT manufactures and distributes carbon emission reduction technology, along with its proprietary HydraLytica telematics, a means of monitoring fuel consumption and calculating GHG (greenhouse gas) emissions savings designed for the tracking of possible future carbon credits for use with internal combustion engines. As part of the growing global hydrogen economy, its patented technology creates hydrogen and oxygen on demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Its technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment.

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