04:06:30 EDT Thu 25 Apr 2024
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DynaCERT Inc
Symbol DYA
Shares Issued 291,054,936
Close 2019-03-26 C$ 0.37
Market Cap C$ 107,690,326
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DynaCERT starts applying for HydraGEN carbon credits

2019-03-26 07:29 ET - News Release

Mr. Murray Payne reports

DYNACERT INITIATES CARBON CREDIT APPLICATIONS FOR ITS HYDRAGEN TECHNOLOGY

DynaCERT Inc. has initiated the worldwide process of carbon credit applications for its HydraGEN technology and has engaged International Environmental Partners Ltd. of the United Kingdom to assist the company in this regard.

By reducing fuel consumption in diesel engines while at the same time reducing carbon emissions and other pollutants, the HydraGEN technology can become very lucrative with the global market acceptance of carbon credits. For example, it is estimated that a Class 8 truck travelling long-haul routes can generate up to 1,500 euros per year ($2,278/year) in carbon credits based on the current market price of 15 euros/tonne of carbon dioxide. DynaCERT's goal is to create a worldwide program to enable any earned carbon credits to be shared with end-users of its HydraGEN technology under a contractual subscription program. To the company's knowledge, the only existing methodology today to measure and track carbon credits from diesel engines is DynaCERT's HydraGEN technology and the company's Smart ECU2 electronics and algorithms.

The first three steps of DynaCERT's groundbreaking and innovative carbon credit monetizing program have already been initiated and are as follows:

  1. DynaCERT has created innovative proprietary software algorithms in its patent-pending Smart ECU2 to track the creation of carbon credits, such as its "Systems and Methods for Tracking Greenhouse Gas Emissions Associated with an Entity" patent pending (see press release dated Oct. 5, 2017). An international patent application has also been filed. David Bridge leads the charge at DynaCERT in these accomplishments and continues to develop new electronic advancements related to the company's HydraGEN technology.
  2. DynaCERT has nominated to its advisory board successful fintech entrepreneur Brian Semkiw, PEng, and has more recently engaged his organization to further develop software that will enable the tracking of carbon credits generated by DynaCERT's HydraGEN technology. In addition, Mr. Semkiw will oversee that such carbon credits be validated, audited and digitally accepted in international markets (see press release dated March 1, 2018). Mr. Semkiw's company, 3rdGP, is the world's first third-generation processing payments company with emphasis on blockchain and IOT (Internet of things) payments processing solutions.
  3. DynaCERT today has entered into a contractual agreement with International Environmental Partners Inc. of the U.K. and its president, Monika Wojcik, to manage two key DynaCERT applications in the certification of the carbon reductions generated by its HydraGEN technology: (a) VERRA, a highly recognized international certification organization based in Washington, for trading in the European marketplace where the trading of carbon credits is very active and which was been established as a major initiative of the Kyoto Protocol in 1997; and, (b) the clean development mechanism (CDM) for developing countries which has been administered globally since April 6, 2007, by the United Nations offices in Bonn, Germany, and which bases its criteria as a result of a European Union Directive 92/57/EEC (OJ L245, 26.8.92) in the Kyoto Protocol (see press release dated June 7, 2018).

Ms. Wojcik is a financial and environmental markets trader, sustainability adviser and passionate advocate for countering climate change and global warming. She advises global corporate clients and governments on carbon emission offsets, sustainability, and clean technology improvements and implementations. Before founding International Environmental Partners she worked as a broker and trader for CF Partners and FXCM.

International Environmental Partners is a carbon credit advisory and trading house with global outreach.

Ms. Wojcik stated: "I am delighted to be able to help DynaCERT add the environmental product offerings to its HydraGEN technology. The attractiveness of carbon products and sustainability benefits will be effective to drive decarbonization in the regions and sectors that are underrepresented and of an urgent need to improve air pollution."

Mr. Semkiw added, "We are pleased to be working with International Environmental Partners as we apply their deep knowledge of carbon credit certification to the digital process of tokenization leading to monetization of the carbon credits resulting from DynaCERT's HydraGEN technology."

Jim Payne, president and chief executive officer of DynaCERT, commented: "Our success in gathering this combination of world experts is a major milestone achievement and aligns with our company's long-term goal of becoming the global leader of monitoring and monetizing of diesel engine carbon credits. This goal was initiated with the development and filing of our global patent applications for our Smart ECU2 with its advanced tracking and verification capabilities and is now progressing swiftly to a genuine forthcoming accomplishment."

About CDM

The clean development mechanism (CDM) allows emission-reduction (or emission removal) projects in developing countries to earn certified emission-reduction (CER) credits, each equivalent to one tonne of CO2. These CERs can be traded and sold, and used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol. The mechanism stimulates sustainable development and emission reductions, while giving industrialized countries some flexibility in how they meet their emission reduction targets. The projects must qualify through a rigorous and public registration and issuance process designed to ensure real, measurable and verifiable emission reductions that are additional to what would have occurred without the project. The mechanism is overseen by the CDM executive board (EB), answerable ultimately to the countries that have ratified the Kyoto Protocol.

In order to be considered for registration, a project must first be approved by the designated national authorities (DNA). The mechanism, in development for the DynaCERT HydraGEN technology, is seen by many as a trailblazer. It is the first global, environmental investment and credit scheme of its kind, providing a standardized emissions offset instrument, CERs, for mobile devices such as trucks, farm equipment, construction equipment and also for stationary power systems all of which are powered by diesel engines.

A program of activities (PoA) under the CDM is the co-ordinated implementation of a policy, measure or goal that reduces emissions. Under a PoA, emission reductions achieved by many individual activities (known as component project activities or CPAs) can be considered in aggregate, without requiring each CPA to undergo individualized registration and issuance processes. This reduces transaction costs and makes the CDM more attractive and accessible, particularly to least developed countries that have not historically benefited from the CDM.

About VERRA

VERRA is committed to helping reduce emissions, improve livelihoods and protect natural resources across the private and public sectors. VERRA supports climate action and sustainable development with standards, tools and programs that credibly, transparently and robustly assess environmental and social impacts and enable financing for sustaining and scaling up these benefits. VERRA works in any arena where the company sees a need for clear standards, a role for market-based mechanisms, and an opportunity to achieve environmental and social good.

VERRA was founded in 2005 by environmental and business leaders who saw the need for greater quality assurance in voluntary carbon markets. It now serves as a secretariat for the various standards that they develop and the programs that they manage, as well as an incubator of new ideas that can generate meaningful environmental and social value at scale. The strategic direction of VERRA is set by both staff and the VERRA board of directors.

VERRA develops and manages standards and frameworks to vet environmental and sustainable development efforts, build their capacity and connect them to financing. By ensuring that their standards are robust, practical and transparent, VERRA can accurately quantify benefits and drive investment in responsible, high performing projects and programs. The company works closely with civil society, governments and the private sector to develop novel frameworks and enable results on the ground. VERRA continues to bring expertise in standard development and program management from their flagship voluntary carbon market program into new fields, to increase the scope and scale of the company's impact.

All of VERRA programs undergo extensive stakeholder consultation and expert review, and draw from four key components: standard, independent assessment, accounting methodologies and registry.

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.

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