dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ)
(“dynaCERT” or the “Company”) is pleased to announce that it has
concluded three (3) agreements with Mosolf SE & CO. AG, of
Germany (“MOSOLF”):
- first, an important strategic Memorandum of Understanding (the
“MOU”) defining the collaboration for penetration in numerous
vertical markets in Europe of dynaCERT’s hydrogen technology;
- second, a Dealer Agreement for Germany; and,
- third, a purchase order for delivery in 2020 of 1,000 of
dynaCERT’s HydraGENä Technology Units.
Based in Kirchheim/Teck, Germany, MOSOLF is one
of the leading logistics system service providers to the automotive
industry in Europe. MOSOLF has been growing exponentially in the
automobile industry since 1955. The wide spectrum of
services provided by MOSOLF covers the complete value-added chain
for commercial and construction vehicles and automobile logistics,
ranging from the end of the production line to end-of-life vehicle
recycling. With a staff of over 2,800, these services are provided
using a broad network of thirty-eight (38) technical centers and a
multi-modal fleet that combines different resources for road, rail
and river transportation methods with numerous points of sale and
service throughout Europe. (see:
https://www.mosolf.com/en.html)
Under the MOU, dynaCERT has agreed to appoint
MOSOLF and its subsidiaries as dealers for Germany and other
countries in Europe (initially, Czech Republic, Poland, France and
Benelux) with the rights to sell and install the Company’s
HydraGENä Technology products throughout the European Union. The
first of such MOSOLF Dealer Agreements, the appointment of MOSOLF
as dealer for Germany, was signed and formalized concurrent with
the MOU.
Under the MOU, MOSOLF shall also be marketing
dynaCERT’s HydraGENä Technology to the federal and local Government
entities in Germany including many towns, municipalities and
cities.
Under the MOU, MOSOLF and dynaCERT have also
commenced negotiations to establish a joint venture whereby MOSOLF,
in conjunction with dynaCERT, will fund, develop, certify and offer
a customized HydraGENä Technology to the Passenger Car After-Market
in Europe capitalizing on MOSOLF’s extensive commercial
relationships in the transportation industry throughout Europe.
Dr. Joerg Mosolf, Chief Executive Officer of the
MOSOLF Group stated, “We are very pleased to represent dynaCERT‘s
HydraGENä Technology products throughout Europe. After dynaCERT’s
recent KBA Homologation in Germany, the road has been paved for an
intense marketing campaign on a continent where dynaCERT ’s
technology is much-needed and expected to make quick inroads
throughout the transportation industry. Our environmental mission
is aligned with dynaCERT.”
Enrico Schlaepfer, dynaCERT ’s Vice President of
Global Sales, stated, “The MOSOLF association is a landmark
milestone for dynaCERT in Europe. MOSOLF is well-established in our
target transportation market with professional service centres
located across Europe. Our European vision has finally become
reality. We are embarking on a sales and marketing campaign of
exceptional strength and integrity with a partner like MOSOLF.”
Jim Payne, President and CEO of dynaCERT stated,
“I thank Dr. Joerg Mosolf, Mr. Gregory Hancke, COO of MOSOLF, and
Mr. Detthold Aden, Senior Advisor to MOSOLF, personally for coming
from Germany to Toronto to confirm the important details which will
set the strong foundation of dynaCERT’s push into the continental
European market. We are very pleased to have a capable partner like
MOSOLF and have confidence for our continued growth with their
highly respected team in Europe.”
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes
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 a unique electrolysis system and supplies these gases
through the air intake to enhance combustion, resulting in lower
carbon emissions and greater fuel efficiency. Our technology is
designed for use with many 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 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 +1 (416) 766-9691 x
2jpayne@dynaCERT.com
Investor RelationsdynaCERT Inc. Nancy Massicotte +1 (416)
766-9691 x 1ir@dynaCERT.com
DynaCERT (TSXV:DYA)
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