dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ)
("dynaCERT" or the "Company") is pleased to announce that it has
initiated the world-wide process of Carbon Credit applications for
its HydraGEN™ Technology and engaged International Environmental
Partners Limited of the UK to assist the Company in this regard.
By reducing fuel consumption in diesel engines
while at the same time reducing carbon emissions and other
pollutants, the HydraGEN™ Technology can become very lucrative with
the global market acceptance of carbon credits. For example, it is
estimated that a Class 8 Truck travelling long haul routes can
generate up to €$1500 per year (Cdn $2278/year) in carbon credits
based on the current market price of €15/tonne of CO2. dynaCERT’s
goal is to create a world-wide programme to enable any earned
carbon credits to be shared with end-users of its HydraGEN™
Technology under a contractual subscription programme. To our
knowledge, the only existing methodology today to measure and track
carbon credits from diesel engines is dynaCERT’s HydraGEN™
Technology and our SMART ECU2 electronics and algorithms.
The first three steps of dynaCERT’s
ground-breaking and innovative carbon credit monetizing programme
have already been initiated and are as follows:
1- dynaCERT has created innovative proprietary
software algorithms in its patent pending SMART ECU2 to track the
creation of carbon credits, such as its “Systems and Methods for
Tracking Greenhouse Gas Emissions Associated with an Entity” patent
pending (see Press Release dated October 5, 2017). An International
Patent application has also been filed. Mr. David Bridge
leads the charge at dynaCERT in these accomplishments and continues
to develop new electronic advancements related to our HydraGEN™
Technology.
2- dynaCERT has nominated to its advisory board
successful FinTech entrepreneur Brian Semkiw, P. Eng. and has more
recently engaged his organization to further develop software that
will enable the tracking of carbon credits generated by dynaCERT’s
HydraGEN™ Technology. In addition, Mr. Semkiw will oversee that
such carbon credits be validated, audited and digitally accepted in
international markets. (see Press Release dated March 1, 2018). Mr.
Semkiw’s company, 3rdGP, is the world’s first third generation
processing payments company with emphasis on Blockchain and IOT
payments processing solutions.
3- dynaCERT today has entered into a contractual
agreement with International Environmental Partners Inc. of the UK
and its President, Ms. Monika Wojcik, to manage two key dynaCERT
applications in the certification of the carbon reductions
generated by its HydraGEN™ Technology: (a) VERRA a highly
recognized international certification organization based in
Washington, DC for trading in the European marketplace where the
trading of carbon credits is very active and which was been
established as a major initiative of the Kyoto Protocol in 1997;
and, (b) the Clean Development Mechanism (CDM) for developing
countries which has been administered globally since April 6, 2007
by the United Nations offices in Bonn, Germany, and which bases its
criteria as a result of an EU Directive 92/57/EEC (OJ L245,
26.8.92) in the Kyoto Protocol (see Press Release dated June 7,
2018).
Ms. Monika Wojcik is a financial and
environmental markets trader, sustainability advisor and passionate
advocate for countering climate change and global warming. She
advises global corporate clients and governments on carbon emission
offsets, sustainability, and clean technology improvements and
implementations. Before founding International Environmental
Partners she has worked as a broker and trader for CF Partners
and FXCM.
International Environmental Partners is a carbon
credit advisory and trading house with global
outreach.
Ms Wojcik stated, “I am delighted to be able to
help dynaCERT add the environmental product offerings to its
HydraGEN™ Technology. The attractiveness of carbon products and
sustainability benefits will be effective to drive decarbonization
in the regions and sectors that are underrepresented and of an
urgent need to improve air pollution.”
Mr. Brian Semkiw added, “We are pleased to be
working with International Environmental Partners as we apply their
deep knowledge of carbon credit certification to the digital
process of tokenization leading to monetization of the carbon
credits resulting from dynaCERT’s HydraGEN™ Technology.”
Jim Payne, President & CEO of dynaCERT
commented, “Our success in gathering this combination of world
experts is a major milestone achievement and aligns with our
Company’s long term goal of becoming the global leader of
monitoring and monetizing of diesel engine carbon credits. This
goal was initiated with the development and filing of our global
patent applications for our SMART ECU2 with its advanced tracking
and verification capabilities and is now progressing swiftly to a
genuine forthcoming accomplishment.”
About CDM
The clean development mechanism (CDM) allows
emission-reduction (or emission removal) projects in developing
countries to earn certified emission reduction (CER) credits, each
equivalent to one tonne of CO2. These CERs can be traded and sold,
and used by industrialized countries to meet a part of their
emission reduction targets under the Kyoto Protocol. The
mechanism stimulates sustainable development and emission
reductions, while giving industrialized countries some flexibility
in how they meet their emission reduction targets. The
projects must qualify through a rigorous and public registration
and issuance process designed to ensure real, measurable and
verifiable emission reductions that are additional to what would
have occurred without the project. The mechanism is overseen by
the CDM Executive Board (EB), answerable ultimately to
the countries that have ratified the Kyoto Protocol.
In order to be considered for registration, a
project must first be approved by the Designated National
Authorities (DNA). The mechanism, in development for the
dynaCERT HydraGEN™ technology, is seen by many as a trailblazer. It
is the first global, environmental investment and credit scheme of
its kind, providing a standardized emissions offset instrument,
CERs, for mobile devices such as trucks, farm equipment,
construction equipment and also for stationary power systems all of
which are powered by diesel engines.
A programme of activities (PoA) under the CDM is
the coordinated implementation of a policy, measure or goal that
reduces emissions. Under a PoA, emission reductions achieved by
many individual activities (known as component project activities
or CPAs) can be considered in aggregate, without requiring each CPA
to undergo individualized registration and issuance processes. This
reduces transaction costs and makes the CDM more attractive and
accessible, particularly to least developed countries that have not
historically benefited from the CDM.
About VERRA
VERRA is committed to helping reduce emissions,
improve livelihoods and protect natural resources across the
private and public sectors. VERRA supports climate action and
sustainable development with standards, tools and programs that
credibly, transparently and robustly assess environmental and
social impacts and enable funding for sustaining and scaling up
these benefits. VERRA works in any arena
where we see a need for clear standards, a role for
market-based mechanisms and an opportunity to achieve
environmental and social good.
VERRA was founded in 2005 by environmental and
business leaders who saw the need for greater quality assurance in
voluntary carbon markets. It now serves as a secretariat for the
various standards that they develop and the programs that they
manage, as well as an incubator of new ideas that can generate
meaningful environmental and social value at scale. The strategic
direction of VERRA is set by both staff and the VERRA Board of
Directors.
VERRA develops and manages standards and
frameworks to vet environmental and sustainable development
efforts, build their capacity and connect them to funding.
By ensuring that their standards
are robust, practical and transparent, VERRA
can accurately quantify benefits and drive investment in
responsible, high-performing projects and programs. We work closely
with civil society, governments and the private sector to develop
novel frameworks and enable results on the ground. VERRA continues
to bring expertise in standard development and program management
from their flagship voluntary carbon market program into new
fields, to increase the scope and scale of our impact.
All of VERRA programs undergo extensive
stakeholder consultation and expert review, and draw from four key
components: standard, independent assessment, accounting
methodologies, and registry.
About International Environmental Partners
International Environmental Partners are a
multilingual team of advisors, traders, marketers, journalist and
PR/CSR experts. The company provides access to global
environmental markets and products. International Environmental
Partners’ mission is to provide a tailored solution to
organizations taking a proactive approach to fight climate
change. International Environmental Partners aim to work with
NGOs, climate fight initiatives and organizations within
sustainability sector to bring awareness and ways of reducing
emission and improving lives in communities affected by global
warming.
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 ADVISORY
Except 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 of 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
Avenue Toronto, 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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