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Enter Symbol
or Name
USA
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DynaCERT Inc
Symbol DYA
Shares Issued 380,512,515
Close 2023-10-12 C$ 0.165
Market Cap C$ 62,784,565
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DynaCERT receives orders for 161 HydraGEN units

2023-10-12 09:30 ET - News Release

Mr. Murray Payne reports

DYNACERT RECEIVES A SIGNIFICANT REPEAT ORDER FOR HYDRAGEN TECHNOLOGY DESTINED FOR SOUTH AMERICAN MINES

DynaCERT Inc.'s dealer, H2 Tek LP, has provided purchase orders to DynaCERT to purchase the company's proprietary HydraGEN technology.

The company has been advised by H2 Tek that its purchase orders represent a total of 161 HydraGEN units to be fulfilled in 2023 with staged payments. Such POs ordered by H2 Tek are destined for one of its mining customers with operations in South America.

Joao Araujo, vice-president of global operations and partner of H2 Tek, said: "Our customer is a major mining operator in South America. The HydraGEN solution fits perfectly with its commitment to improve its performance with the use of clean energy in reducing greenhouse gas emissions in operations and in the value chain. This project is just the first step for us to support our client's ESG [environmental, social and governance] objectives."

These H2 Tek purchase orders of DynaCERT's HydraGEN technology for its customer follow positive results of several pilot projects as previously announced by DynaCERT, whereby H2 Tek had advised DynaCERT that the company's HydraGEN technology had been installed at certain mining operations located in Chile, Peru, Brazil, Argentina and Australia by H2 Tek. These installations were pilot projects to test the numerous benefits and impacts of DynaCERT's HydraGEN technology on mining equipment with the intent that successful pilot projects can result in the adoption of HydraGEN technology to be used for mining equipment and mining fleet applications. Following the completion of such pilot projects, H2 Tek has indicated to DynaCERT that it has reported very compelling results to such mining and resource companies involved in pilot projects, which evaluated DynaCERT's HydraGEN technology, including its customer for these purchase orders.

About H2 Tek LP

H2 Tek LP is focused exclusively on selling and servicing DynaCERT's HydraGEN technology. H2 Tek markets to mining, diesel power generation, forestry, agriculture, and for on-road and off-road applications. Together with its international partners, H2 Tek currently has market reach in more than 11 countries.

David Van Klaveren, vice-president, global sales, and partner of H2 Tek, and Mr. Araujo stated: "Our focus on large-engine applications, like in mining, provides an opportunity to significantly contribute to the reduction of carbon emissions and pollution in the environment. Certain large mining vehicles can consume more than one million litres of fuel per year, which, with assumed fuel and emission reductions of an assumed 10 per cent, could offset up to 270 tonnes of CO2e [carbon dioxide equivalent] per year. We look forward to playing an important role in helping mine operators achieve their carbon emission reduction targets."

Ed Cordeiro, director of sales, Americas, of DynaCERT, stated: "H2 Tek, our dealer in South America, has featured DynaCERT's HydraGEN technology as a leading solution for international mining companies in advancing their efforts to reduce their carbon footprint resulting from their polluting mine operations. Our carbon emission reduction technology systems produce hydrogen gas for mining operations. Such technology has shown to simultaneously target the economic benefits sought by mining companies in this decade but also has shown to provide reduced fuel consumption and the resulting environmental benefits of emissions reductions."

Jim Payne, president and chief executive officer of DynaCERT, stated: "We are pleased to support H2 Tek's mining and resource customers as committed users of our proprietary HydraGEN technology. The growth of international acceptance of our HydraGEN technology products, which are designed to reduce fuel consumption and reduce carbon emissions in diesel internal combustion engines, encourages our company to continue to actively foster greenhouse gas emission reductions on a global basis."

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) 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, 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, and mining and forestry equipment.

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