20:42:40 EDT Thu 25 Apr 2024
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DynaCERT Inc
Symbol DYA
Shares Issued 380,314,180
Close 2021-01-22 C$ 0.70
Market Cap C$ 266,219,926
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DynaCERT receives Verra management OK for concept note

2021-01-25 06:46 ET - News Release

Mr. Jim Payne reports

DYNACERT ANNOUNCES MAJOR CARBON CREDIT ADVANCEMENTS WITH VERRA

The executive management of Verra, which manages the world's largest greenhouse gas program, the Verified Carbon Standard, has approved the concept note of DynaCERT Inc. that is designed to secure carbon credits by deploying DynaCERT's patented HydraGen technology and HydraLytica telematics on a global basis.

Hydrogen economy leaders collaborating with Verra

DynaCERT's forward-thinking management is fully committed to maintaining a Canadian leadership role in the new hydrogen economy while collaborating significantly with other top-ranked industry leaders, such as Verra, to further supplement and broaden the benefits of the company's clean technology line of products currently available to the global market.

United Nations clean development mechanism

This concept note approval by Verra is unique because no such similar methodology is in use globally for mobile transportation vehicles. After discussion and thorough research, Verra approved the concept note designed to create DynaCERT's new verified carbon standard (VCS) methodology under Verra's VCS program using the proposed revisions by DynaCERT and the clean development mechanism of the United Nations enacted by the United Nations' framework convention on climate change, regarding emission reductions through improved efficiency of vehicle fleets.

The VCS program of Verra

The VCS program is the world's most widely used voluntary GHG program. The VCS program provides a pathway for carbon projects to achieve certification through a third party audit process. Successful certification can result in the generation of a VCU (verified carbon unit). Since its launch in 2006, the VCS program has grown into the world's largest voluntary GHG program. Projects certified under the VCS program include dozens of technologies and measures, which result in GHG emission reductions and removals, including forest and wetland conservation and restoration, agricultural land management, transport efficiency improvements, and many others. Over 1,600 certified VCS program projects have collectively reduced or removed more than 550 million tonnes of carbon and other GHG emissions from the atmosphere, the equivalent of more than 120 million passenger vehicles being taken off the road for one year.

Monika Wojcik, founder of Environmental Partners, DynaCERT's expert carbon credit consultant based in London, United Kingdom, said: "Approval of the concept note is an important landmark for clients of DynaCERT expecting to develop carbon reduction projects. Carbon credits issued from such upcoming projects can reduce the adoption costs of DynaCERT's HydraGEN technology. Public awareness and support of climate change has become more visible during the COVID-19 crisis. Now, the emissions reduction by industries ready for HydraGEN technology is more urgent than ever."

Jim Payne, chief executive officer of DynaCERT, stated: "Verra's approvals bring to DynaCERT the high profile and the applauded stimulus to further our technological triumphs for the global sale of carbon credits. It is a great honour of DynaCERT to work side by side with an accomplished and highly respected international organization such as Verra, and with its expert specialists in GHGs. This great honour is backed by our commitment at DynaCERT to constantly advance our innovations in accordance with the environmental mission of the Paris Accord, the United Nations and international organizations that share our corporate vision. DynaCERT welcomes Verra. We all look forward to our noteworthy alliance together in the weeks, months and years to come as we continue to grow and expand our technology for today and into the future of the new hydrogen economy."

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, 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, resulting in lower carbon emissions and greater 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, marine vessels, and railway locomotives.

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