Mr. Jim Payne reports

CIPHER NEUTRON, DYNACERT'S PARTNER, RECEIVES PURCHASE ORDER FROM BLADE HYDROGEN IN TAIWAN FOR ITS AEM ELECTROLYSIS TECHNOLOGY

DynaCERT Inc.'s anion-exchange-membrane (AEM) green electrolyzer partner, Cipher Neutron Inc., has received an initial purchase order from Blade Hydrogen Technology Co. for a 10-kilowatt (kW) AEM green hydrogen electrolyzer stack.

The AEM green hydrogen electrolyzer stack will be manufactured in DynaCERT's production facilities in Toronto pursuant to the collaboration agreement between DynaCERT and Cipher Neutron dated Feb. 17, 2023. In addition to having options to purchase up to the current 50 per cent of equity in Cipher Neutron, DynaCERT also owns half of the AEM green electrolyzer technology that is being developed by Cipher Neutron.

Blade Hydrogen

Blade Hydrogen is a dedicated fuel cell manufacturing and development company in Taiwan and is a spin-off of the fuel cell development department of the Industrial Technology Research Institute (ITRI) of Taiwan. In 2022, ITRI had released a technological development plan for the application of hydrogen energy in Taiwan, in keeping with the nation's aim of achieving net-zero carbon emission by 2050.

Blade Hydrogen has advocated the importance of electrolysis to produce green hydrogen in Taiwan for many years. With its past abundant system integration experience in green hydrogen, Blade Hydrogen has indicated that it will continue to maintain a close co-operation with Cipher Neutron regarding Cipher Neutron's green hydrogen electrolyzers.

Taiwan hydrogen electrolyzer market

The Taiwanese government has prioritized hydrogen energy, especially green hydrogen, which can help reduce carbon emissions emanating from industry. In the future, the application of green hydrogen will be rapidly promoted in Taiwan for use in thermal power plants, the steel industry, semiconductors and green vehicle applications.

Follow-up after successful implementation of 10 kW AEM electrolyzer stack

Blade Hydrogen expects to place a follow-up purchase order of megawatt (MW) capacity after the successful implementation of an initial 10-kilowatt AEM green hydrogen electrolyzer system supplied by Cipher Neutron. This initial 10-kilowatt system will be used for a project in Taiwan for stationary power generation use.

Mark Lin, vice-president of Blade Hydrogen, stated: "Cipher Neutron's AEM technology fits perfectly with our ongoing projects across Taiwan. We are thrilled to launch PFAS [per- and polyfluoroalkyl substances]-free and PGMs [platinum group metals]-free AEM electrolyzer technology for a greener and sustainable future of Taiwan, and for the rest of the world. Cipher Neutron's upcoming products, which include 100-kilowatt and 250-kilowatt AEM electrolyzers, will be the game changers for the international hydrogen economy, and we are proud to be a part of this transition period."

Gurjant Randhawa, president and chief executive officer of Cipher Neutron, stated: "Cipher Neutron is very pleased to collaborate with Blade Hydrogen on its ongoing green hydrogen projects. The team at Blade Hydrogen are experts in green hydrogen and have successfully completed several projects worldwide. We commend Blade Hydrogen for its leadership in green hydrogen and fuel cell adoption."

Jim Payne, president and CEO of DynaCERT, stated: "DynaCERT is delighted to see the ongoing progress at Cipher Neutron and welcomes Blade Hydrogen as its client. Our semi-automated assembly plant in Canada is well suited for the manufacturing of AEM green electrolyzers, and our shipping, inventory management systems and dedicated people stand at the ready to assist Cipher Neutron to expedite its purchase orders."

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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