dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ)
("dynaCERT" or the "Company") is pleased to provide an update
following its participation exhibiting our HydraGEN™ system and
performance which was recently tested by TUV in Germany at the 67th
IAA Commercial Vehicles Trade Show, under the slogan “Driving
tomorrow”. The biennial Trade Show fully lived up to its aspiration
of being the world’s most important trade fair for transport,
logistics and mobility.
The IAA Trade Show was evidence that an entire
sector is anticipating change! The strategic orientation of the
IAA, organized by the German Association of the Automotive
Industry, was right on the button. In 2018, dynaCERT, along with a
total of 2,174 exhibitors from 48 countries, outstripped exhibitor
participation from the already very high figure from 2016! The
number of visitors was also very high, despite the sometimes
inclement weather, hot days at the beginning, and rain and storms
on the weekend of the Trade Show. Yet the response of attendees at
the IAA was definitely positive. The mood was excellent everywhere
– among the exhibitors and the visitors.
The IAA positioned itself again as the
marketplace for the experts in the commercial vehicle sector. The
proportion of trade visitors was well over 80 percent of attendees
and many of them were decision-makers.
The IAA also attracted a lot of online visits.
There was much discussion of the IAA’s new developments and
industry highlights in advance of the exhibition. In all, since the
middle of August 2018, there have been over 75 million contacts
worldwide, 60 million of them during the trade show itself. Half of
the over 10,000 posts were written in English, which is more
evidence of the international significance of the IAA. And more
than 95 percent of posts and comments about the IAA are
positive.
As a direct result of the disruptive nature of
the new emission legislation in Europe, Original Equipment
Manufacturers (OEM) anxiously try to maintain the diesel engine
industry and the jobs associated with them. Europeans see the
HydraGEN™ Technology as proven technology to not only solve today’s
current emission problems but also in helping in the growing
demands in improved fuel economy while reducing emissions and
greenhouse gases.
Interest by potential dealers and fleet
operators was generated at the trade show by the unique and
significant impact of dynaCERT’s HydraGEN™ Technology especially as
it applies to the large and receptive diesel market in Europe. New
regulations coming into effect in 2019 and subsequently will
require a revolutionary approach to emission reductions. The
HydraGEN™ system performance as tested by TUV in Germany is beyond
anything that is currently in the marketplace. Tested and proven
emission reductions in NOx of 88%, CO of 50% and particulate matter
of 75% are unmatched by any other current technology. The HydraGEN™
system is being seen as the forerunner to assist in re-establishing
diesel power as the chosen engine in the marketplace.
Visitors
Numerous visitors interested in dynaCERT and the
performance of its HydraGENä Technology were greeted in dynaCERT’s
530 square foot (50sm) trade booth in the IAA New Technology
Building where we displayed the HG-1 and HG-2 products along with
our streaming video clearly displaying our technology.
Transport and industry representatives from
around the world attended the dynaCERT booth. They represented more
than 20 industries including: Bus – Transit, Bus – InterCity,
off-road Construction, Equipment, Farming, Fleet Management, power
generation, Fuel Cell, Logistic & Trucking, Mining Equipment,
Original Equipment Manufacturers and Petroleum producers.
Dealers
While in Europe, dynaCERT met several interested
parties wanting to sell our products. As we continue to expand our
distribution network, candidates were narrowed to 15 new qualified,
potential dealers who could be added to dynaCERT’s existing 30
dealers worldwide.
Two new authorized dynaCERT dealers were signed
up with sales commitments upon dynaCERT’s receipt of the ABE
Certification, (Homologation).
The CO2 Company in The Netherlands and the
Russell Group Engineering in the United Kingdom. Stephen Madden,
Senior Group Fleet Engineer of the Russell Group, stated: “Our
endorsement of dynaCERT and its HydraGEN™ Technology is reinforced
by the market interest expressed by our current logistics and
transport customers throughout the UK and the world”. The Russell
Group Engineering is part of John G Russell, one of the UK’s
largest independent transport companies.
Other connections and ongoing talks include
serious interest from BENELUX, Canada, China, Egypt, France,
Germany, Korea, Lithuania, Mexico, Middle East Region, Norway,
Spain and USA.
OEM’s
dynaCERT Inc. hosted several
meetings while in Europe and are currently in ongoing talks with
several Original Equipment Manufacturers which specifically sought
us out once the news spread of dynaCERT’s innovative HydraGENä
Technology and the testing results that have been achieved
and verified by TUV, one of the most stringent and respected
testing facilities in the world.
European Sales
dynaCERT Inc. is awaiting the
Algemeinbetriebserlaubnes (ABE) Certification License from the
Government Kraftfahrtbundesamt (KBA) the German Ministry of
Transportation. The current status of Homologation via the ABE
application is that all testing has been completed and the
HydraGEN™ Technology has passed in all the stringent tests. Once
the ABE Homologation is issued, dynaCERT GmbH will be authorized to
sell HydraGEN™ Units through our anxiously awaiting authorized
dealers ready to install Units on to vehicles across Europe.
Jim Payne, dynaCERT Pres &
CEO, commends our entire team at home and abroad,
including engineering, R&D, Sales and manufacturing, with this
very successful and worthwhile effort as we continue our Global
expansion, exposing the world to our product line and our
commitment of producing, testing, certifying and selling a Carbon
Emission Reduction Technology that is “revolutionary and greatly
needed in the world markets today”.
Enrico Schläpfer, dynaCERT’s VP of
Global Sales, stated: “Building on the
enthusiastic reception and interest from potential customers,
dealers and other industry experts at IAA, dynaCERT is looking
forward to continuing our European and Global expansion. Our
HydraGENTM Technology is well-positioned to contribute to the
objectives of carbon emission reductions of the European
governments while also providing incentives for fleet and equipment
operators by way of fuel savings. We look forward to continuing our
expanding presence and sales in the region and globally.”
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, CEO
For 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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