dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ)
("dynaCERT" or the "Company") is pleased to announce that it has
filed its audited Financial Statements and accompanying Management
Discussion and Analysis for the year ended December 31, 2018.
The corporate strategy of dynaCERT continues in
2019 to expand internationally and in numerous applications of its
HydraGEN™ Technology. Highlights of the 2018 fiscal year include
numerous expenditures which have been written off as expenses. For
greater clarification, dynaCERT wishes to explain the significant
nature and extent of its investments in 2018 as they relate to the
Company’s successful accomplishments. Although the financial
statements do not separate expenditures by their purpose, in
accordance with the Company’s business strategy, management of the
Company estimates its 2018 expenditures to be approximately
apportioned as follows:
15% in Canadian endeavours, including
representations and negotiations with Canadian Federal and
Provincial Governments regarding tax, subsidies and legislation
that could affect dynaCERT’s HydraGEN™ Technology favourably in the
months ahead (see Press Releases dated December 19, 2018, and
October 1, 2018). In 2018 dynaCERT has commenced establishing
our brand recognition in Canada and in the United States, as we
have launched and show-cased our HydraGEN™ Technology product line
in industries such as Trucking and Heavy Equipment shows in
Ontario, Quebec, Western Canada and Kentucky. The Company has also
started to initiate pilot projects with several large trucking and
heavy equipment companies in both Canada and the USA.
15% for European endeavours, including setting
up a wholly-owned company, dynaCERT GMBH, and opening and staffing
of office and warehouse facilities in Lahr, Germany to spearhead
all European sales efforts, marketing in Europe and setting up new
dealerships in Europe. The TUV NORD and TUV SUD testing and
certification in 2018 has been very successful, and the Company
awaits KBA Homologation (see Press Releases dated September 24,
2018 and August 16, 2018). The Company also has secured a dealer in
Scotland that will distribute the HydraGEN™ product line across the
UK. We are also pleased that a pilot project was successfully
launched in Austria pursuant to a letter of intent for outfitting
government diesel-powered vehicles and equipment upon successful
demonstration of emission reductions (see Press Release dated
December 20, 2018).
5% in North American non-Canadian endeavours,
including negotiations regarding USA and Mexican strategies for
market penetration. Moreover, the Company is advancing in
California Air Research Board (CARB) certification, EPA recognition
processes and numerous large potential users of its HydraGEN™
Technology.
15% in South Asia endeavours, where the Company
already has earned firm orders, letters of intent from two separate
provinces of India, received iCat certification for our HydraGEN™
Technology and has established strong ties and continuing in talks
with governments of India through its select group of dealers (see
Press Releases dated February 27, 2018, March 2, 2018, June 21,
2018, September 17, 2018, December 28, 2018, and January 16,
2019).
5% for Middle East endeavours, where the Company
has showcased our HydraGEN™ Technology and signed up a
well-connected dealer for all of the Middle East based in Dubai,
and also separately, an exclusive distributor for Israel. Both
Israel and Dubai are such key areas for the use of HydraGEN™
Technology that the Company has appointed to its Advisory Boards
senior strategic advisors regarding those specific jurisdictions.
Results in the Middle East in 2018 have been very successful,
especially in terms of trials of our HydraGEN™ Technology for use
on cranes and on generators (see Press Releases dated April 10,
2018, May 11, 2018, September 17, 2018, and December 28, 2018).
10% in the mining and marine sector. The Company
is strategically targeting both open pit and underground mining
globally as a key market for its HydraGEN™ Technology as a
consequence of the industry’s dependency on diesel. The Company has
followed up in 2019 by launching our HydraGEN™ Technology in the
mining industry while showcasing at the Prospectors and Developers
Association Convention, one of the world’s largest mining
conventions, along with being awarded the top prize at the Mining
Cleantech Challenge in Denver, Colorado (see Press Releases dated
March 22, 2019 and April 11, 2019). The Company has started
the Type Approval under Transport Canada and Lloyds Register
policies for equipment on marine vessels under the Safety Of Life
At Sea (“SOLAS”) rules and regulations (see Press Releases dated
April 20, 2018).
15% for the eventual collection and sale of
Carbon Credits. The Company recently announced part of its new team
of highly qualified professionals, Ms. Monika Wojcik and Mr. Brian
Semkiw, to obtain certification of its HydraGEN™ Technology to
accommodate Carbon Credit trading.
20% in development work and legal fees for the
continuation to advance our important Intellectual Property
portfolio including additional patent applications and securing
world-wide patent protection on our initial patents.
Jim Payne, President & CEO of dynaCERT said,
“We think of our 2018 expenditures as investments foreshadowing the
inordinate potential future that lies ahead. In 2018, dynaCERT has
stablished a unique and diversified team around the world, in
different jurisdictions, aimed at numerous vertical markets. We are
preparing for a future of our proud Canadian company based in
Toronto to market its revolutionary technology around the
world.”
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
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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