dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB:
DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to
provide comments to the newly announced Ontario’s Drive Clean
Program Redesign.
Ontario Ministry of the Environment,
Conservation and Parks
The Ministry of the Environment,
Conservation and Parks (“MECP”) has announced changes to
regulations that include the cancellation of the Drive Clean
Program, in exchange for a new heavy-duty vehicle program, that is
focused on diesel emission reduction.
As communicated by the MECP on September 28,
2018, “Emissions from heavy duty vehicles have not decreased as
rapidly (as light duty vehicles), in part due to less stringent
vehicle emission standards, and a slower replacement rate of older,
higher emission vehicles. Heavy duty vehicles remain a significant
source of nitrogen oxides (NOx), a smog forming pollutant, and fine
particulate matter, a carcinogen that causes heart and lung
disease.” Please see this link:
https://news.ontario.ca/ene/en/2018/09/drive-clean-program-redesign.html
The Government of Ontario says the proposed
changes to the Drive Clean Program will shift the focus to
heavy-duty vehicles with full cost recovery for government. The
definition of “heavy-duty vehicles” was not presented but could
include all diesel-powered equipment both on-road and
off-road. This change will lead to better environmental
outcomes at a lower overall cost, meaning better value for taxpayer
dollars. The report also states that the new programme is
“…providing incentives to industry who consistently demonstrate
cleaner fleets”. Please see this link to the full MECP
proposal: https://ero.ontario.ca/notice/013-3867
dynaCERT will fully participate in the planned
public consultations to ensure that our HydraGEN™ Technology will
be front and center in the MECP program. One of five purposes
stated by the MECP as reasons for the policy “…to reduce human
exposure to dangerous diesel emissions, including particulate
matter, nitrogen oxides (NOx), hydrocarbons (THC) and other
pollutants; and reduce emissions of black carbon, a short lived
climate change agent.” As reported in the dynaCERT Press
Release dated September 24, 2018, HydraGEN™ provides consistent and
effective performance to reduce NOx (up to 88%), CO (up to 50.1%)
and THC (up to 74%) for on-road and off-road vehicles. The
HydraGEN™ technology is the only system available today with
verified testing results performed by independent and accredited
third-party facilities in Canada and worldwide.
dynaCERT’s on-Demand electrolysis technology is
safe and simple to use with no on-board storage of hydrogen and it
operates without pressure. The HG1-45 unit has a return on
investment (i.e.: payback period) to end users of approximately 12
months depending on vehicle use with benefits that include
reductions in consumption of: a) fuel, b) Diesel Emission Fluid
(DEF) and c) Diesel Particulate Filters (DPF). There are also added
benefits of improved engine performance with an increase in torque
and less breakdown of engine oil resulting in less wear of engine
components.
dynaCERT’s SMART Electronic Control unit (ECU)
has built-in Bluetooth connectivity to wirelessly communicate with
the engine’s On Board Diagnostic (OBD) computer. The SMART ECU can
provide live-data emission reduction performance reporting that is
leading the industry in connectivity. Additionally every vehicle
operator, fleet manager and end user can follow the vehicle’s
location via GPS, it’s fuel consumption in various time slots
(live, hourly averages and daily averages) and emissions with
reporting direct from the OBD computer that ensures consistent and
accurate data. As parameters change in the engine or the
vehicle, the ECU can also be able to report when a vehicle falls
below acceptable performance criteria alerting fleet managers to
the event and allowing sufficient time to plan an engine service
call wherever the vehicle may be.
There are an estimated 250,000 diesel powered
vehicles in Ontario alone, each of which can use dynaCERT’s
HydraGEN™ technology. It is not clear in the report whether
the MECP will mandate that all out-of-province vehicles travelling
on Ontario roads will be regulated as well. Robert Maier, COO &
Chief Engineer states: “Our HydraGEN™ Technology is a verified
solution that is in use today and which can become one of the key
systems within the MECP program to reduce diesel engine pollution
in Ontario and across North America.”
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 of 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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