16:36:12 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



DynaCERT Inc
Symbol DYA
Shares Issued 380,512,515
Close 2023-07-31 C$ 0.215
Market Cap C$ 81,810,191
Recent Sedar Documents

DynaCERT delays delivery of HydraGEN units to Guyana

2023-07-31 19:32 ET - News Release

Mr. Jim Payne reports

DYNACERT PROVIDES UPDATE ON THE PURCHASE ORDER FOR HYDRAGEN UNITS DESTINED FOR GUYANA

DynaCERT Inc. has provided an update pursuant to its press release dated May 26, 2023, regarding the purchase order of its HydraGEN technology units destined for Guyana (see press release dated May 26, 2023).

The recipient of these HydraGEN technology units is a logistics company located in Guyana. The company remains ready to fulfill all purchase orders contemplated in the press release. Deliveries of certain HydraGEN units are delayed pending further notice by either the purchaser or the broker, acting as a conduit, that all outstanding issues described below have been resolved to everyone's satisfaction.

Various postponements impacting delivery dates have occurred despite the company having received the initial payment in full for exactly the wholesale price of the first 93 HydraGEN units. Since receiving this initial payment, the company was advised and believed that issues causing delays were all to be resolved in short order, but some issues remain outstanding as of this date.

The company had been requested to ship a certain number of HydraGEN units as stipulated in the press release, but the company has been obliged to delay the delivery of all but two such HydraGEN units. To date, the company has only shipped such HydraGEN units to Guyana because the company has been awaiting from the purchaser, through a representative, certain usual information regarding the specific electric voltage, engine information, on-board diagnostic port types, and other data pertaining to the vehicles and equipment on which the HydraGEN units of the company are to be installed. Such information is necessary for the final packaging and shipping of the HydraGEN units. The company is ready to ship such HydraGEN units pending the above required information from the purchaser or representatives. The company has also been advised by representatives that the two HydraGEN units that were delivered are still awaiting clearing from Guyanese customs by an agent of the purchaser. The transfer of payments from Guyana for the HydraGEN units that were ordered is also pending.

Jim Payne, president and chief executive officer of DynaCERT, stated: "The extraordinary global endorsement of DynaCERT allows the company to engage with customers in new markets with the assurance that the company's HydraGEN technology can make a significant contribution to the Sustainable Development Goals of the United Nations. As a Canadian company operating internationally, we have learned to unwearyingly respect the normal business challenges that global climate change sometimes entail. We readily continue to support the climate improvement goals of the Nation of Guyana and look forward to welcoming all business professionals involved in our imperative quest for a better sustainable future for everyone, including those of all our existing clients and potential clients in Guyana, with no exceptions."

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 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, 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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