dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ)
("dynaCERT" or the "Company") is pleased to announce significant
progress in 2019 in conjunction with its dealer H2 Tek, and that
many new important mining initiatives are advancing favourably.
Installations
With purchase orders accepted by dynaCERT, H2
Tek is already deploying dynaCERT’s HydraGEN™ Technology with
installations at two large mining companies operating in South
America. One such installation is in Brazil with a major mine
operator, while another is upcoming in Argentina with a different
international mining company. A third international mining operator
is earmarked for Brazil. All installations are aimed not only at
reducing mining operating costs but also simultaneously enabling
major miners to enhance their sustainability commitments to local
governments and their international pledges by host countries in
South America under the Paris Accord on the reduction of Greenhouse
Gas Emissions. dynaCERT’s HydraGEN™ Technology is enabling H2 Tek
to advance and make further inroads to outfit fleets in the mining
sector.
Industry Recognition:
In conjunction with dynaCERT, H2 Tek has
recently received the top award for our HydraGEN™ Technology at the
2019 Mining Cleantech Challenge in Colorado. HydraGEN™ Technology
was chosen by mining executives and investors in the industry
as the best among a competitive field of 12 total companies
representing the U.S., Canada and Israel. An international team of
judges involved in global mining reviewed and voted on the winners
(see Press Release of March 22, 2019). Such judges were
representatives from Newmont Mining, Fresnillo, as well as Jolimont
Global, Ausenco, Resource Capital Funds and the Consulate General
of Canada in Denver, to name a few.
H2 Tek Initiatives for 2019
The senior management team of H2 Tek consists of
Messrs. Joao Araujo, Vice President of Global Operations and David
Van Klaveren, Vice President Sales and Marketing, who are seasoned
business entrepreneurs in technology, consumer goods and
manufacturing with capabilities in French, Spanish and Portuguese
and have been focussing on developing the market for HydraGEN™
Technology in North and South America. H2 Tek has already initiated
discussions with over 20 large mining companies operating in Chile,
Peru, Argentina, Brazil, Mexico and the USA. With the support of
dynaCERT’s engineers, technicians and sales support and featuring
dynaCERT’s HydraGEN™ HG145 and its newest HydraGEN™ 4C and 6C
models designed for the mining and agriculture industry, advanced
discussions at the mine operations level and at the senior
management level have been effective for H2 Tek.
Joao Araujo, Vice President of Global Operations
of H2 Tek stated, “H2 Tek has introduced dynaCERT’s HydraGEN™
Technology to major mining companies such as: BHP, CODELCO,
Antofagasta, Barrick Gold, Yamana, Kinross, Newmont and Vale and we
are busy negotiating numerous agreements. We’re making significant
strides to introduce HydraGEN™ Technology to the South American
market with a recent May 2019 exhibit at EXPONOR, Antofagasta,
Chile and soon at the ESTEMIN mining show from September 16 to 20,
2019 in Arequipa, Peru. We are very enthusiastic with the reception
that dynaCERT’s HydraGEN™ Technology has received.”
Government Support
Global mining supporters have been discussing
terms with H2 Tek in order to facilitate the export financing for
dynaCERT’s HydraGEN™ Technology in the mining industry. H2 Tek has
been working in conjunction with various Canadian government
organizations. Global Affairs Canada, part of the department of
foreign affairs (GAC) and the Mining Sector of the Economic
Development Corporation (EDC) have invited and recommended H2 Tek
to present dynaCERT’s HydraGEN™ Technology to international mining
companies at many high-profile industry events and trade
missions.
David Van Klaveren, Vice President Sales and
Marketing at H2 Tek says, “We and dynaCERT would like to especially
acknowledge the tremendous support of the Canadian government for
our international market outreach efforts. From the Global Affairs
Canada’s trade commissioners in mining and cleantech and its
ambassadors in the Americas, to EDC’s global trade directors and
senior program advisors, we’ve had the highest level of
professional, enthusiastic and knowledgeable support from people
who are truly committed to seeing innovative Canadian companies
grow and expand to international markets. They go the extra mile
and then some.”
Invitations and Private Mining
Association Meetings
H2 Tek is representing dynaCERT’s HydraGEN™
Technology at numerous trade shows and mining shows in South
American. Upcoming events include:
- EDC, with the support of Global Affairs Canada, invited H2 Tek
to a selective Business Connection Program in Santiago,
Chile, August 19-21, 2019. Many of the largest mining
operators in Chile (Minera Escondida (BHP), Corporación Nacional
del Cobre (Codelco), CAP S.A. and Antofagasta Minerals) confirmed
interest in either continuing negotiations, or initiating new
conversations.
- H2 Tek and dynaCERT engineers intend to follow from this EDC
program to install the first ever HydraGEN™ Technology in
Argentina, HG145-4Cs for use in a remote mine running large power
generators. H2 Tek won this opportunity after another highly
successful trade mission where H2 Tek was a delegate, held by the
Mining Supply Trade Association of Canada (MSTA) in Patagonia in
May 2019.
- H2 Tek will attend the Canadian Trade Mission on Clean
Tech in Brazil's Mining Sector, from September 9-12, 2019 in Belo
Horizonte, Minas Gerais, Brazil. H2 Tek is invited by Global
Affairs Canada of Sao Paulo. The trade mission
includes Business-to-Business (B2B) meetings organized between
H2 Tek and key Brazilian contacts in the mining sector, including
the most important mining companies in Brazil, engineering
consulting companies and government authorities. During this trade
mission, H2 Tek and its affiliated local service partner in Brazil,
TRUC BR, will be attending and visiting with companies at one of
Latin America’s largest mining trade show, EXPOSIBRAM 2019.
Jim Payne, President & CEO of dynaCERT
stated, “The opportunity of global mining companies to use
dynaCERT’s HydraGEN™ Technology and to avail themselves of the fuel
reduction benefits and reductions in carbon emissions is very
important to the industry. At dynaCERT we view mining as paramount
to establishing the base of the global fight against pollution. On
behalf of dynaCERT, I highly commend and thank our dealers,
including H2 Tek and TES and the many others, as well as our new
mining clients that are dedicated to blazing this noble trail.”
Underground Mining Test Successfully
Completed
In July 2019, Total Equipment Services Inc.
(“TES Inc.”), an underground mining equipment manufacturer, and
dynaCERT completed a very success risk review of the HydraGEN™
Technology for underground mining in a Northern Ontario Mine
located near Timmins, Canada. TES continues to adapt dynaCERT’s
HydraGEN™ Technology to build a safe, healthy and positive
environment to the underground mining industry and its personnel.
TES Inc. is a dealer of dynaCERT’s HydraGEN™ Technology and
features dynaCERT’s HG145 products to its clients in Canada.
In addition, dynaCERT and TES Inc. are collaborating together
to create markets for innovative products aimed at the reduction of
NOx, THC, Particulate Matter, Carbon Dioxide and Carbon Monoxide in
underground mining environments, globally, by the integration of
HydraGEN™ Technology with equipment manufactured by TES Inc. (see
Press Release dated April 11, 2019).
Correction
The quote attributed to Mr. Trevor McCagherty of
Newport Environmental Technologies Ltd. (Newport) in dynaCERT’s
Press Release of April 11, 2019 should have been correctly
attributed to Mr. John O’Bireck, President and Chief Technology
Officer of the Sparta Group (TSXV:SAY) which owns Newport. Mr.
O’Bireck is on the board of Newport and on dynaCERT’s Advisory
Board.
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 patented 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, CEOFor 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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