Mr. James Payne reports

DYNACERT AND CIPHER NEUTRON APPLAUD THE CANADIAN CLEAN TECHNOLOGY TAX INCENTIVES OF BUDGET 2023

DynaCERT Inc. and Cipher Neutron Inc. have applauded the recently announced changes proposed in the Canadian government's budget of March 28, 2023, especially the inclusion of tax credits for green hydrogen electrolyzers.

The new clean tech incentives can enhance the financial potential of fast-growing clean technology companies that foster clean technology in Canada to reduce global greenhouse gas emissions. The clean tech incentives in budget 2023 are seen as being in accordance with the objectives of the Paris agreement of the United Nations, which is a legally binding international treaty on climate change.

Importance of green hydrogen electrolyzers

Collectively, DynaCERT and Cipher Neutron have been designing and producing green hydrogen electrolyzers for over 20 years in Canada.

DynaCERT has been featuring commercially available hydrogen-on-demand alkaline electrolyzers to the global marketplace with its renowned HydraGEN technology, which includes a line of models designed to reduce fuel consumption in diesel engines and reduce carbon emissions and other GHGs

In addition, in the past few years, Cipher Neutron and DynaCERT have, collectively, through their groundbreaking innovative research and development efforts, developed green AEM electrolyzers designed to offer Canadian companies, as well as international companies, a solution to generate high-volume high-capacity green hydrogen in pressurized form to be applied to big-scale hydrogen projects by producers of green ammonia in the fertilizer industry, oil and gas industries, mining, smelting, and chemical industries.

The future emerging markets of the green hydrogen economy such as fuel cells and hydrogen internal combustion engines, steel manufacturing, and blending of natural gas with green hydrogen will benefit from its green AEM electrolyzers.

Its AEM electrolyzers are designed to feature lower capital costs, lower operating costs, and no use of expensive and greenhouse-gas-producing platinum group metals, which could conceivably experience the risks of supply chain and pricing issues. Its AEM electrolyzers have achieved a staggering 82-per-cent efficiency, which means that they produce more green hydrogen using the same amount of power as competing electrolyzers while at a lower AEM electrolyzer cost.

Enhancing growth of Canadian companies

Cipher Neutron and DynaCERT believe that the clean tech incentives in budget 2023, when implemented, can greatly enhance the much needed tax assistance for companies featuring clean technology while at the same time contributing to the Canadian government's objectives of reducing Canadian GHGs and enhancing rapid Canadian economic growth from coast to coast.

Successful consultative meetings

DynaCERT, Cipher Neutron and their principals have been meeting for more than three years with cabinet ministers, elected members of Parliament, as well as senior officials within the government, to advance, and assist with, the implementation of clean technology tax deferrals and tax credits. DynaCERT and Cipher Neutron have had face-to-face meetings, conversations and correspondence with political parties on all sides both in Canada and internationally to help bring clean technology tax incentives to fruition. DynaCERT and Cipher Neutron continue to support the government's openness in a consultative process on the design details of the tax matters in clean technology and see consultative measures as a rational and important step to continue to expand clean technology in Canada.

Gurjant Randhawa, president and chief executive officer of Cipher Neutron, stated: "The government of Canada's green hydrogen initiatives reflect the global trend of other government heads around the world, with whom we have communicated, who are also concerned about reducing GHGs of our planet. We are encouraged by such government policies that foster the expected exponential global growth in green electrolyzer utilization because they widely validate the essential need for new technologies, such as our AEM electrolyzers and reversible fuel cells, to accomplish net-zero targets set out by such leaders in numerous previous announcements."

Jean-Pierre Colin, executive vice-president and director of DynaCERT, stated: "It is important to note that the jointly developed AEM green hydrogen electrolyzers of Cipher Neutron and DynaCERT are initially targeted to be designed and assembled in Canada at DynaCERT's manufacturing facilities in Toronto. On behalf of DynaCERT and Cipher Neutron, I extend our warm thanks and applaud the Canadian government and all of the politicians and members of Parliament on all sides, and the senior government officials who put forward strong climate change action by endorsing new clean technology incentives and green electrolyzers."

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 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.

We seek Safe Harbor.