dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB:
DYFSF) (DAX: DMJ) ("dynaCERT" or the "Company") provides the
following update:
European Homologation
The KBA Homologation Certification process in
cooperation with TUV NORD and TUV SUD in Germany continues.
Initially the Electro-Mechanical Interference (i.e. EMI) testing
was approved by the TUV SUD. dynaCERT has now received a test
report dated May 25, 2018 indicating results of this phase of the
test which granted a required approval to dynaCERT GmbH, a
wholly-owned subsidiary of dynaCERT Inc. towards eventual grant of
Homologation.
Material inspection as well as mount testing by
TUV SUD of the HG1 unit on a truck, which requires full impact and
drop-load testing to Euro Code, has also been successfully
completed, and awaiting a final report.
Testing to obtain an ABE (General Operating
permit) for on-road use in Europe required an operating HydraGEN™
unit mounted directly onto an operating vehicle. For this
phase, the Company obtained a special single use permit to allow a
HG1-45 unit onto an on-road truck which meets the Euro 6 emissions
standards. The baseline validation testing on this truck was
completed by TUV NORD in June 2018 on a dynamometer. Subsequently,
the truck was used in commercial operation for approximately 40
days of use before undertaking the next test.
The final performance validation testing by TUV
NORD for fuel savings and carbon emission reduction for the ABE
on-road certification after the break-in period took place on a
dynamometer in July 2018. Initial dynamometer results, which
are not yet official, have exceeded the Company’s expectations as
well as surpassing prior PIT Group results. The unusual strength of
these test results, in respect of fuel savings and emission
reductions, has sparked a decision by the parties involved to not
release any such information until a final comprehensive report is
officially released by the testing lab.
In order for dynaCERT to complete all the
validations for Homologation, a PEMS (“Portable Emission
Measurement System”) Test, the last and final stage of testing,
which was on-road, has now been completed. A positive final report
from TUV NORD is expected by the Company.
European International Official Launch
Receipt of final reports and homologation are
expected to occur prior to dynaCERT’s official European launch of
its HydraGEN™ Technology at the IAA Commercial Vehicles
International Exhibition in Hanover, Germany, September 20 to 27,
2018.
The International Automobile Exhibition, IAA, is
the world's most important trade fair for mobility, transport and
logistics. Various special events and lectures, among other things
on the topics of "Efficiency in Road Transport" and "Financial
services in the commercial vehicle business" will be featured.
On the whole the organisers welcome, on the
eight days of the fair, about 2,000 exhibitors from 52 countries
and 248,000 visitors at the IAA exhibition. dynaCERT welcomes
visitors at its booth in Hall 11, Booth F12 at the Exhibition.
Top 50 Innovative Companies
dynaCERT is also pleased to announce that it has
received the Certificate of Excellence by the Silicon Review as a
2018 Awardee of the fifty (50) Top innovative Companies to Watch,
which is an annual listing that celebrates not only the glory of
recipients’ highly valued products and services but also recognizes
their contribution in business and technology marketplace.
Accordingly, dynaCERT is featured in a full interview of President
& CEO, Jim Payne, in its July 2018 issue.
Enrico Schlaepfer, Vice President of Global
Sales, stated, “Europe, the Middle East and Africa (EMEA) is,
without question, a very significant market potential for
dynaCERT’s HydraGENä Technology. In 2018, our team has
improved our products to better suit our customer needs and we are
looking forward to launching in Hanover. The emission reductions
are of vital importance in Europe as many governments, local and
state, are considering legislation around diesel transport
vehicles, making our product launch a very timely opportunity.”
About dynaCERT Inc. dynaCERT
Inc. manufactures, distributes, and installs Carbon Emission
Reduction Technology for use with internal combustion
engines. As part of the growing global hydrogen economy, our
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. Our 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 railroad
locomotives. Website: www.dynaCERT.com
READER ADVISORYExcept for
statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. In particular, forward-looking information in
this press release includes, but is not limited to the potential
expansion into new markets, industries and segments, such as
diesel-powered use of any the dynaCERT products and sales.
Although we believe that the expectations reflected in the
forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. We
cannot guarantee future results, performance or achievements.
Consequently, there is no representation that the actual results
achieved will be the same, in whole or in part, as those set out in
the forward-looking information.
Forward-looking information is based on the
opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
information. Some of the risks and other factors that could
cause the results to differ materially from those expressed in the
forward-looking information include, but are not limited to:
uncertainty as to whether our strategies and business plans will
yield the expected benefits; availability and cost of capital; the
ability to identify and develop and achieve commercial success for
new products and technologies; the level of expenditures necessary
to maintain and improve the quality of products and services;
changes in technology and changes in laws and regulations; the
uncertainty of the emerging hydrogen economy; including the
hydrogen economy moving at a pace not anticipated; our ability to
secure and maintain strategic relationships and distribution
agreements; and the other risk factors disclosed under our profile
on SEDAR at www.sedar.com. Readers are cautioned that this
list of risk factors should not be construed as
exhaustive.
The forward-looking information contained in
this news release is expressly qualified by this cautionary
statement. We undertake no duty to update any of the
forward-looking information to conform such information to actual
results or to changes in our expectations except as otherwise
required by applicable securities legislation. Readers are
cautioned not to place undue reliance on forward-looking
information.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne,
CEOFor more information, please
contact:
Jim Payne, CEO & PresidentdynaCERT Inc.#101 – 501 Alliance
AvenueToronto, Ontario M6N 2J1(416) 766-9691 x
2jpayne@dynaCERT.com
Investor RelationsdynaCERT Inc.Nancy Massicotte(416) 766-9691 x
1ir@dynaCERT.com
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