Mr. Murray Payne reports

CIPHER NEUTRON, DYNACERT'S PARTNER, SIGNS COLLABORATION AGREEMENT WITH IONOMR TO CREATE NORTH AMERICA'S FIRST 250-KILOWATT AEM HYDROGEN ELECTROLYZER

DynaCERT Inc. partner Cipher Neutron Inc. has entered into a significant collaboration agreement with Ionomr Innovations Inc.

Megawatt-class hydrogen projects

The purpose of the collaboration is to further develop competitively priced solutions for green hydrogen required in megawatt-class projects that both Cipher Neutron and Ionomr are currently considering as clients. Many of these multimegawatt green hydrogen projects that have been announced throughout the world command the innovative anion exchange membrane (AEM) electrolyzers such as those of Cipher Neutron and the groundbreaking membranes manufactured by Ionomr.

Smaller AEM electrolyzers are not expected by DynaCERT, Cipher Neutron and Ionomr to provide the cost advantages as those of the proposed 250-kilowatt AEM electrolyzers that Cipher Neutron and Ionomr are developing under the collaboration.

Collaboration

Under the collaboration, Ionomr and Cipher Neutron will bring innovative electrolyzer membrane technology together with advanced AEM electrolyzer technology to create the first North American made 250-kilowatt AEM hydrogen electrolyzer and the only 100-per-cent-made-in-Canada solution on the market. The electrolyzer will commercially produce affordable hydrogen gas in high volumes for governments and industries that strive to reduce pollution and greenhouse gas emissions.

Proprietary technology

Ionomr will retain its proprietary rights in its membrane and ionomer technologies while Cipher Neutron and DynaCERT will retain their equal rights in their AEM electrolyzer technology under the DynaCERT/Cipher Neutron collaboration agreement of February, 2023 (see press release dated Feb. 22, 2023).

High-volume green hydrogen cost-effective solutions

The anion exchange membrane electrolysis (AEMEL) technology developed by Cipher Neutron is the latest technology that produces affordable high-pressure and high-volume green hydrogen gas. AEMEL is considered as the best solution for many existing green hydrogen projects announced globally. Cipher Neutron has been working on AEM electrolysis for the last three years and is the world's second company to commercialize AEM electrolyzers and the first in North America and outside of Europe. Cipher Neutron and DynaCERT recently unveiled the world's first commercial 10-kilowatt AEM hydrogen electrolyzer at the Canadian Hydrogen Convention.

Ionomr

Ionomr develops and markets revolutionary ion-exchange membrane and polymer solutions for clean technology applications, including fuel cells and hydrogen production, for Cipher Neutron's innovative AEM electrolyzers, among others.

Ionomr's revolutionary membrane materials now enable product developers and integrators, such as Cipher Neutron, to optimize their product performance, improve durability, eliminate toxic components, increase recyclability and accelerate cost reduction activities. Ionomer's R&D (research and development) and manufacturing facilities are based in Vancouver, B.C., and Rochester, N.Y., both recognized hubs for hydrogen and fuel cell research and development.

Bill Haberlin, chief executive officer of Ionomr, stated: "This collaboration with Cipher Neutron, a world leader in advanced AEM electrolyzers for green hydrogen, provides an opportunity to pair our innovative membrane technologies with leading technology and manufacturing capabilities for rapid deployment and demonstration for a green hydrogen world. At Ionomr, we are revolutionizing membrane technologies and collaborating with the best technologies from around the globe."

Gurjant Randhawa, president and chief executive officer of Cipher Neutron, stated: "Ionomr and its advanced electrolyzer membrane technologies provide an opportunity to collaborate and develop better and more efficient PFAS-free (free of polyfluoroalkyl substances) and PGM-free (free of platinum group metals) AEM Electrolyzers for a sustainable green hydrogen world. Along with our advances in AEM electrolyzers, which are designed to provide an efficient and affordable source of green hydrogen, we constantly strive, at Cipher Neutron, to continually research the best technologies and game-changing ideas from around the globe."

Jim Payne, president and chief executive officer of DynaCERT, stated: "The Cipher Neutron collaboration with Ionomr confirms our rapid advancement in the global hydrogen economy. By creating North America's first 250-Kilowatt AEM hydrogen electrolyzer with CN, DynaCERT is joining with two great Canadian companies that operate internationally and are world leaders in the electrolyzer and electrolyzer membrane industries. A 250-kilowatt AEM hydrogen electrolyzer enables us to be involved in some of the world's largest infrastructure projects. DynaCERT congratulates both Cipher Neutron and Ionomr and will continue to support their ambitious endeavours."

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) emission savings designed for the tracking of possible future carbon credits for use with internal combustion engines. As part of the growing global hydrogen economy, the company's 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. The company's 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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