TORONTO, Ontario, Dec. 04, 2017 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) (DAX:DMJ) ("dynaCERT" or the "Company") is pleased to provide the following update:
dynaCERT management and board members hosted executives from the All India Motor Transport Congress (AIMTC) on November 21-24, 2017. The AIMTC is an association that began in 1936. Currently the AIMTC members manage over 10 million trucks and 5 million buses in the India market.
The AIMTC was presented with all the relevant information concerning the opportunity of dynaCERT’s HydraGEN™ Technology. The Company showcased our two new HG1 models and the upcoming HG2 Unit for large trucks, small trucks, busses and power generators. The presentation by dynaCERT and the Omni News Video of the India Congress may be viewed on the web page of dynaCERT at www.dynaCERT.com.
Former Cummins Eastern Canada President, Mike Christodoulou, a member of the dynaCERT Advisory Board, who dialogued with the executives from India, states, "dynaCERT's HydraGEN™ Technology continues to produce very desirable results in on-highway transportation applications. Most recently, the highly accredited PIT Group in Montreal, greatly considered the gold standard in automotive technology testing, reported some very impressive fuel and emissions figures. Performance of the HydraGEN™ HG1 Unit reduced fuel consumption by 5.9% during PIT's tests which follows the TMC Fuel Consumption Test protocol. And, NOx and CO2 were reduced by 46% and 50%, respectively.”
Mr. Christodoulou goes on to say that, "I spoke directly with PIT Group representatives who claimed they had not seen these kinds of numbers in previously tested aftermarket technologies and that dynaCERT's results would be envied by other fuel improvement and carbon reducing technology providers." He adds, "The key here is that the tests were performed to PIT's standards and, according to PIT, the results were measurable and consistent." It is important to note that third-party validation of the systems using trace amounts of Hydrogen Gas injected into the air intake of engines, such as dynaCERT's technology, has been conducted at a large number of testing institutions all of which have provided outstanding results, including NASA, Argonne National Laboratory, Jet Propulsion Labs and the California Institute of Technology among many others. Christodoulou adds, "The PIT Group's findings make it very clear that this technology works. It's positive impact on the trucking industry and the environment should cause trucking executives and political leaders alike to have this technology on the forefront of their agendas."
The India group of businessmen indicated their interest to embrace commercial opportunities with Canadian technology business developers such as dynaCERT. Currently, the primary concern in India is air pollution. In Delhi, for example, the media has reported severe smog and traffic incidents caused by carbon emissions which have alarmed the trucking industry in India. Discussions were held on several trade positions including direct sales from Canada and future manufacturing in India for the South Asian region which includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan, Nepal and Sri Lanka. The South Asian countries have a combined population of nearly 2 billion people.
The India group of businessmen also complimented dynaCERT and its management for its world-wide applications of its HydraGEN Technology. Mr. Kultaran Singh Atwal, Chairman of the AIMTC stated, “Our recent visit to dynaCERT has been an incredible experience. Our members were quite impressed by their fuel saving and green/clean technology. India needs dynaCERT’s technology for its future growth and to bring down the ever increasing and alarming pollution levels. We look forward to doing business with them in the coming years.”
These issues are significant to governments and citizens alike. Both the Canadian Federal Government and the Ontario Provincial Government were in attendance.
The Government of Ontario sent their representative, Ms. Harinder Malhi, MPP, the associate to the Honourable Premier Ms. Kathleen Wynne, who opened the congress. The congress was assured that the Government of Ontario is closely watching the international progress of dynaCERT and pleased to further the Company’s efforts in exports to the world. In addition, Mr. Vic Dhillon, MPP and Mr. T.K Pandey, Director of the Indian Importers Chambers of Commerce & Industry, were distinct speakers at the congress. At a reception afterwards, several other prominent Ontario political figures were in attendance to greet the dynaCERT team and the many Indian business professionals, including Ms. Sara Singh, Ontario’s NDP MPP Candidate for Brampton Centre.
The Federal Government was also prominent with their presence at the conference. Mr. Hersh Gandhi, Executive Assistant to the Honourable Kamal Khera, Member of Parliament and Parliamentary Secretary to the Minister of National Revenue presented to Mr. Jim Payne a unique certificate of congratulations and thanks from the Government of Canada. Jai Naraine, representing Ramesh Sangha, Member of Parliament of the Government of Canada, held high level talks with Mr. Jim Payne and senior management. Mr. Sukh Dhaliwal, Federal MP joined the delegates in Surrey, BC.
Marc Bertrand, former CEO of Mega Brands and a member of the Advisory Board of dynaCERT, attended the event and remarked, “With up to 30%-50% reduction in carbon emissions, dynaCERT's technology will have a significant impact on pollution in India. It was nice to have the Provincial and Federal Government participate at this event. dynaCERT has advanced the HydraGEN™ Technology that can help all governments internationally meet their carbon reduction targets. We look forward to creating programs and collaborating with governments world-wide to support the commercialisation of these products."
Appointment of New International Firm of Auditors
The Board of Directors of the Company is pleased to report that they have chosen the international firm of Ernst and Young (“EY”) to be the financial auditors of the Company. EY has committed to become auditors of dynaCERT and we welcome their professional services going forward as we grow to become an international enterprise.
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. Our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these additives through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is currently in use with on-road applications. Website: www.dynaCERT.com.
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: future issuances of shares, approval by the TSX Venture Exchange. 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 or 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 & President
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
(416) 766-9691 x 2
(416) 766-9691 x 1