TORONTO, Nov. 14, 2019 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) is pleased to announce that it has completed the delivery of the first one hundred and fifty (150) HydraGEN™ Technology Units to KarbonKleen Inc. (“KarbonKleen”) destined for Mexico, with payments in full received by dynaCERT, pursuant to the previously announced agreement between dynaCERT and KarbonKleen regarding its purchase order of four hundred (400) such Units (see Press Release of August 20, 2019).
dynaCERT will be on site in Mexico to assist, train and certify KarbonKleen staff in the installation process. Steven Christou, Global Product Support Manager (See Press Release dated May 27, 2019), along with Earl Nylund, dynaCERT’s newest field technician who is a licensed diesel mechanic, will lead the dynaCERT training of installations for KarbonKleen. This training is typically completed on a client’s vehicle as hands-on sessions for their own mechanics to ensure proper utilization of the HydraGEN™ Technology.
The Mexico City installations are for five (5) separate important clients of KarbonKleen, five (5) different trade unions forming part of the CTM umbrella (Confederation of Mexican Workers), the largest trade union federation in Mexico. Pursuant to the KarbonKleen MOU (See Press Release of July 2, 2019) these unions control approximately 1,000,000 trucks. These trade unions and their mechanics will be trained and certified to perform installations of the HG145 Units on a variety of different Class 8 trucks used for a variety of types of shipments including trans-border to the USA. The installations will all include dynaCERT’s HydraLytica™ Telematics technology for the monitoring of truck engine performance, diesel fuel economy and carbon emission reductions using HydraGEN™ Technology.
Brian Semkiw, CEO of KarbonKleen, stated, “At KarbonKleen, we are very pleased that such a large organization as CTM has placed their confidence in our companies and the HydraGEN™ Technology, including our ability to deliver in a timely manner. Such an important project will result in significant fuel savings for workers in Mexico as well as provide a front-line offensive against the grave pollution problem crippling Mexico City.”
Jim Payne, President and CEO of dynaCERT, stated, “I see this delivery as a momentous event for dynaCERT. KarbonKleen has proven to be a dedicated and well-trained team with a strong proven background in sales and service, representing and marketing only dynaCERT's product lines. The training and certification of these service centres representing KarbonKleen is in line with our business plan of developing and producing products for our dealers to sell and take responsibility for installations and client servicing.”
About KarbonKleen Inc.
KarbonKleen Inc. is a Preferred Systems Provider for dynaCERT and is dedicated to the selling and servicing of HydraGENä Technology including the establishment of a global financing alternative for the dynaCERT dealer channel. Website: www.karbonkleen.com
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
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 & President
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
+1 (416) 766-9691 x 1