16:29:36 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



DynaCERT Inc
Symbol DYA
Shares Issued 296,629,583
Close 2019-11-11 C$ 0.41
Market Cap C$ 121,618,129
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DynaCERT hires Cosario for HydraGEN user privacy

2019-11-12 07:31 ET - News Release

Mr. Murray Payne reports

DYNACERT ENGAGES COSARIO TO SECURE ITS DATA ANALYTICS AND ENSURE USER PRIVACY

DynaCERT Inc. has engaged expert world-renowned data security software company, Cosario Ltd. of Mississauga (Canada), to further ensure global state-of-the-art user privacy of its HydraGEN technology.

Cosario is managed by Brian Semkiw and Rui Mendes who were the founders of 3rdGP, the pioneers in critical data security software which is used in international payments systems such as Apple Pay, PayPal and many other point-of-sale terminals worldwide. As trucking fleets worldwide with thousands of trucks travel the globe and begin using DynaCERT's HydraGEN technology, along with its HydraLytica software, similar high stakes data security issues become vital to user adoption.

As DynaCERT sales and marketing teams penetrate global markets, including Europe with its strategic partner MOSOLF Group (see press release dated Oct. 16, 2019), the company is building inroads to comply with the General Data Protection Regulation (GDPR) which was created to protect the privacy of individuals within the European Union, providing new rights to know what information is collected and how it is used and shared, as well as the right to correct and delete data.

In its press release dated July 4, 2019, DynaCERT announced that it had launched its proprietary HydraLytica telematics device software enabling easy access to data evidencing real-time fuel savings and carbon emission reduction from diesel-powered vehicles and machinery equipped with the company's HydraGEN technology. With HydraLytica, the company, its dealers and clients such as truckers and fleet owners equipped with the HydraGEN technology, can easily monitor from their computers an automatically calculated savings of diesel and carbon emissions with HydraLytica updated periodically while a truck is travelling.

The data collection is also intended to be used to certify and authenticate carbon credits which are being developed by the company's initiatives along with International Environmental Partners of the United Kingdom (see press release dated March 26, 2019). In addition to DynaCERT's patented Smart ECU, the electronic intelligence working behind the HydraGEN technology, the company has made significant advancements to its proprietary intellectual property regarding the collection of data for the purposes of advancing applications for certifying future lucrative carbon credits. For example, DynaCERT is continuing with its PCT applications regarding systems and methods for tracking greenhouse gas emissions associated with an entity (see press release dated Aug. 22, 2019).

Rui Mendes, chief technology officer of Cosario, stated: "Data security is an essential step in the development of a scalable carbon credit platform. We are pleased to be a part of this exciting project with DynaCERT."

Jean-Pierre Colin, director and corporate secretary of DynaCERT, responsible for overseeing the company's compliance with legal matters, stated: "Security of data is of paramount concern to every individual in the world today, including our European clients, especially when viewed against the backdrop of advancements in artificial intelligence and data collection by political parties, governments, hackers, and major software and media corporations operating globally. Data security breaches can have an effect on personal privacy, competition, democracy, detentions and daily consumer behaviour. We see our engagement of Cosario as the necessary first cornerstone of practical compliance with new trends in international legislation, human privacy, data authentication and data security."

About DynaCERT Inc.

DynaCERT manufactures and distributes carbon emission reduction technology 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, resulting in lower carbon emissions and greater 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, marine vessels, and railway locomotives.

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