05:10:41 EDT Sat 11 Jul 2020
Enter Symbol
or Name
USA
CA



DynaCERT Inc
Symbol DYA
Shares Issued 289,849,936
Close 2019-07-25 C$ 0.48
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DynaCERT arranges subscription program with KarbonKleen

2019-07-25 06:58 ET - News Release

Mr. Murray Payne reports

DYNACERT SECURES A COMPELLING FINANCING ALTERNATIVE FOR ITS HYDRAGEN TECHNOLOGY FROM KARBONKLEEN INC.

DynaCERT Inc. has secured a compelling financing alternative for dealers of its HydraGEN technology (on-demand hydrogen injection system) whereby its clients will be able to subscribe for the company's HG145 line of products on a monthly payment basis.

KarbonKleen Inc., based in Canada with offices also in the United States, has indicated that it shall offer to DynaCERT's dealers a financing alternative under specified terms and conditions. Under the KarbonKleen subscription reseller program, KarbonKleen has agreed to offer to all registered DynaCERT dealers the opportunity to sell HydraGEN technology through KarbonKleen's new guaranteed pay-per-month program.

Customers who contract through their dealer for a minimum two-year term subscription of HydraGEN technology are eligible for the KarbonKleen money-back guarantee if their registered trucks drive at least 5,000 miles (8,047 kilometres) per month, which is measured by DynaCERT's new telemetry system, HydraLytica. If DynaCERT's HydraGEN technology does not save such client more than its subscription price, KarbonKleen indicates that it will refund the subscription cost, thereby offering users risk-free guaranteed results.

Subscription programs have historically been used in technology sales to drive benefits for dealers, customers and original equipment manufacturers. KarbonKleen has created the TaaS or technology as a service model which has been derived from the historically successful SaaS model (software as a service) to originate the KarbonKleen subscription reseller program.

The KarbonKleen subscription reseller program is believed by both DynaCERT and KarbonKleen to offer numerous added financial benefits to customers. For potential users of the HydraGEN technology, the KarbonKleen subscription reseller program provides a lower financial barrier to entry, eliminates assets to manage, offers monthly reporting on system performance, and, if eligible, a money-back guarantee by KarbonKleen if the fuel savings do not exceed the subscription payments during the first two years.

DynaCERT's dealers worldwide can maintain their margins not just in the first year after installation of HydraGEN units but also thereafter for every subsequent year that the units are under the subscription program. This new financial feature offered through dealers is aimed directly at increasing sales and increasing market penetration and client adoption.

For DynaCERT, the KarbonKleen subscription reseller program increases client awareness of the benefits and performance of the HydraGEN technology without compromising existing payment terms offered by the company.

Chris Grossman, chief operations officer of KarbonKleen, stated: "At KarbonKleen, our goal is to shorten decision times for the purchases of HydraGEN technology by eliminating most of the risk for the end-user with our money-back guarantee as well as shortening the return on investment or payback to less than six months for large long-distance trucking customers."

Brian Semkiw, chief executive officer of KarbonKleen, stated: "Although KarbonKleen is a new private company, the capital necessary for the implementation of KarbonKleen subscription reseller program is now in place. Our principals and shareholders have the breadth and relationships to fund the program adequately into the projected future. We look forward to extending our preferred system's provider relationship with the DynaCERT team by extending this new offering."

Jim Payne, president and chief executive officer of DynaCERT, stated: "The opportunity of users of DynaCERT's HydraGEN technology to avail themselves of monthly payments which can be offset by fuel savings is a huge benefit to our clients and dealers. The most difficult impediment for the trucking industry can sometimes be the capital costs involved, and by our close association with KarbonKleen, we have overcome this obstacle very elegantly."

About DynaCERT Inc.

DynaCERT manufactures, distributes and installs carbon emission reduction technology for use with internal combustion engines. As part of the growing global hydrogen economy, the company's patent-pending technology creates hydrogen and oxygen on demand through electrolysis and supplies these through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. The company's technology is designed for use with all types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels, and railway locomotives.

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