16:18:21 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



DynaCERT Inc
Symbol DYA
Shares Issued 380,512,515
Close 2023-07-12 C$ 0.24
Market Cap C$ 91,323,004
Recent Sedar Documents

DynaCERT settles lawsuit with RMF coughing up $50,000

2023-07-12 17:14 ET - News Release

Mr. Jim Payne reports

DYNACERT ANNOUNCES A SETTLEMENT AS PLAINTIFF WITH RMF DESIGN AND MANUFACTURING INC.

DynaCERT Inc. has settled its civil action lawsuit filed in the Ontario Superior Court of Justice against RMF Design and Manufacturing Inc., which commenced in 2017. The lawsuit concerned certain design and prototyping work between 2014 and 2017. Under the settlement agreement, without admission of liability, RMF agreed to make a settlement payment to DynaCERT in the amount of $50,000. The minutes of settlement provide that the settlement is made without admission of liability on the part of RMF, and that the parties have fully and finally released each other from any claims related to the matters in issue in this civil action lawsuit; that the defendant, RMF, shall obtain on consent an order dismissing the action without costs; and that the parties will hold the terms of the settlement, as well as any documents or information not otherwise in the public domain, strictly confidential and not disclose any of such information except to the extent required by law including applicable securities regulations or except for disclosure by DynaCERT deemed to be material by DynaCERT to satisfy its disclosure obligations.

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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