dynaCERT Commences Shipping HydraGEN™ HG-1 and HG-2 Units to MOSOLF Group of Europe
13 Noviembre 2019 - 4:00AM
dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ)
(“dynaCERT” or the “Company”) is pleased to announce that it has
commenced shipping one hundred (100) HydraGEN™ Technology Units to
Europe, including fifty (50) Units to MOSOLF SE & CO. AG,
of Germany (“MOSOLF”) pursuant to the previously announced MOU
agreement between dynaCERT and MOSOLF (see Press Release of October
16, 2019).
Under the MOU, MOSOLF, a dealer of dynaCERT, has
agreed to an initial purchase of 1,000 HydraGEN™ Technology Units
to be delivered in 2020. However, as a result of the immediate
initial interest in Europe, fifty (50) dynaCERT HydraGEN™
Technology Units have been ordered this month following receipt of
a formal purchase order. Of the fifty (50) Units ordered, forty
(40) are for HG-145 Units and are expected to be installed
immediately upon delivery. Twenty (20) such HG-145 Units are
destined for MOSOLF-owned trucks in Germany, while the other twenty
(20) HG-145 Units are destined for large clients of MOSOLF. In
addition, MOSOLF has ordered ten (10) dynaCERT HG-2 Units for
installation on smaller MOSOLF trucks operating out of one of their
distribution depots in southern Germany.
Upon receipt of these Units, dynaCERT’s
subsidiary in Germany will be onsite to assist, train and certify
MOSOLF staff in the installation process. Michael Mayer, M.Sc.,
Dipl. Ing (FH), Product and Sales Support Manager of dynaCERT, a
qualified field service technician & technical training
Instructor based in Germany, will lead the dynaCERT GmbH
installations of MOSOLF.
Dr. Joerg Mosolf, Chief Executive Officer of the
MOSOLF Group stated, “We are very pleased to accelerate our
ordering process and installation schedule of dynaCERT’s HydraGEN™
Technology. The MOSOLF Group is anticipating continued strong
demand for dynaCERT’s products throughout Europe as market
acceptance on the continent has been very solid. The need to reduce
carbon emissions in Europe has no boundaries and is a top
priority.”
Jim Payne, President and CEO of dynaCERT,
stated, “dynaCERT is 100% committed to supporting MOSOLF in Europe
as we are with all our dealers world-wide. With this initial
shipping order, MOSOLF is demonstrating their rapid response and
the genuine capabilities of 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 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 +1 (416) 766-9691 x
2jpayne@dynaCERT.com
Investor RelationsdynaCERT Inc. Nancy Massicotte +1 (416)
766-9691 x 1ir@dynaCERT.com
DynaCERT (TSXV:DYA)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
DynaCERT (TSXV:DYA)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024