dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (“dynaCERT” or the “Company”) has finalized 2017 performance testing of its innovative HydraGEN™ Technology on refrigerated trailer (Reefer) diesel engines. Theresults that were first reported in the September 21 2017 press release by the Company have been verified and are now available on our web site for review in a report titled “HydraGEN™ Reefer Testing 2017” and a summary report titled “Performance Results on Reefer Diesel Engines”. www.dynaCERT.com
The test protocol measured hourly results at different temperature set points of the Reefer’s refrigeration unit to benchmark the engine’s fuel consumption and emission results under various climatic conditions. This was conducted over many months to verify results.
These tests, conducted by dynaCERT, show the following average results:
- Fuel Consumption from 4.6 lb/hr to 3.5 lb/hr or 25% reduction
- NOx from 150.5g/hr to 105.8g/hr or 30% reduction
- Carbon Monoxide (CO) from 156.9g/hr to 77.5g/hr or 51% reduction
- Carbon Dioxide (CO2) from 1713.2g/hr to 952.8g/hr or 44% reduction
These results point dynaCERT’s new HG2 unit to a potential vast market for not only Reefers but also Class 2-5 fixed-body delivery trucks, city buses and average trucks in the European, Asian and India market place. The company has made significant progress in the development of the HG2 unit, which is approximately 25% of the size of the HG1 unit, thereby allowing for a broader range of applications for diesel engines with displacements of up to 5 litres.
dynaCERT’S COO, Robert Maier, states, “After months of rigorous testing our team has succeeded in proving that the advanced HydraGEN™ Unit will perform to standards expected by our clients. We are confidently launching the new HG2 Unit as a state-of-the-art product from dynaCERT that will provide our best fuel savings to date. The use of a HydraGEN™ Unit on diesel-powered vehicles will reduce the carbon footprint of users of our technology.”
Certain major shareholders including directors of dynaCERT (TSX.V-DYA) (OTCBB-DYFSF) have entered into a formal strategic Voluntary Lock-Up Agreement for a total of over 55,000,000 shares for a term of 180 days.
The Voluntary Lock-Up Agreement stipulates that these shareholders shall not assign, deal in, pledge, sell, trade or transfer in any manner whatsoever, or agree to do so in the future, any of the shares, or any beneficial interest in them, on or before March 31, 2017 (the “Expiry Date”).
dynaCERT’s President and CEO, Jim Payne states, “Given the significant progress that has been achieved in recent months, we felt that a Voluntary Lock-Up Agreement would demonstrate to shareholders and potential investors the commitment and confidence that management, directors and certain major shareholders have in the future of dynaCERT.
Third Party Testing – As The Company, along with third party engineers, have now completed reviewing and analyzing the data from the 3rd party testing at the University of Ontario Institute of Technology of their flagship HydraGenTM product for Class 8 trucks and a formal report is forthcoming.
dynaCERT (TSX.V-DYA) (OTC:DYFSF) is scheduled to occupy the approximately 8,000 sq.ft. lease expansion facility on October 1, 2016. The lease payments will commence on possession date. This facility is designed with a monthly capacity of 2,000 units per eight-hour shift for the assembly of the HydraGenTM units.The Company is working with the Government and Port support as well as specific consortium members to assist in the conversion of the current manufacturing facility to R&D and production of the next generation HydraGenTM units which will be designed for shipping, rail and large stationary power generation.
Third party testing of the HydraGenTM unit for Class 8 trucks has been completed and a 550 page document of valuable data has been received from the University of Ontario Institute of Technology where the tests were done for both fuel savings and carbon emission reductions. A formal report will be completed soon.
dynaCERT has entered into a formal strategic partnership with Lyte Energy Inc., located in Mississauga, Ontario to promote, market and distribute our HydraGen products globally. Lyte Energy is a Canadian company specializing in providing green energy solutions incorporating hydrogen generation, hydrogen storage and hydrogen fuel cell technologies.
dynaCERT reported that they faced certain challenges with the sophisticated sensors and electronic controls on newer trucks and communications with the initial 50 unit purchase order. They are now confident that, through a collaborative effort by their team of engineers, professional consultants and fleet owners, they have overcome these challenges via electronic programming of their new “Smart ECU” and are closely monitoring these trucks along with data collection to enable the company and third party to finish validation. Once completed, and with a minimum of 8% in fuel savings validated, the sales of these units will be completed along with purchase orders for an additional minimum pre-arranged percentage of their fleets.
dynaCERT is filing patents for their wholly owned Intellectual Property with their “Smart ECU” which is designed with “007” technology. If attempts to open or tamper with the sealed ECU, it will self-destruct to ensure the protection of what they believe to be their most valued IP.
dynaCERT is monitoring and testing the first new compact unit that was installed on a 2.0 liter turbo diesel import for emissions with the company’s recently updated and calibrated computerized emission testing equipment. This will be an ongoing process and monitored by computer generated read outs of O2, CO2, NO, NO, NO2, NOx, CxHy, and SO2.
dynaCERT (TSX.V-DYA) (OTCBB-DYFSF) announced the following:
- The lease and build out of an 8,000 sq ft expansion for assembly of the HydraGen for the trucking industy, with a production capacity of 2,000 units/month based on an 8 hour shift
- In discussions for funding through both federal and provincial government grant and loan programs for new equipment and additional manpower for the new facility
- Current facility will be converted to R&D and production for shipping, rail and large stationary power generation products. There is a planned financing program regarding these emerging markets and are working with the Government and Port supports. With these new and ongoing government grant applications, dynaCERT has adopted to adhere to the Ontario Government requirements-validation process to ensure qualification under any of the Federal Government programs
- dynaCERT is working with several trucking firms in Ontario and has HydraGen units and data loggers installed on 2012-2016 transport trucks, collecting data to complete the new algorithms for the new Smart ECU
- dynaCERT’s engineers and scientists are working with the RMF Design & Manufacturing team of electronic engineers along with Diesel & Electronic Technicians who are consultants from two major OEM companies to finalize the electronic interface of the “Smart ECU” and filing patents on these. The technology of the new “Smart Ecu”, or brain, will resemble a smart phone where it is always learning and will:
- communicate with the onboard computer along with reading, collecting and storing data of fuel efficacy and emissions
- enable remote access by both dynaCERT and end users
- provide monitoring for Carbon Credits and GPS tracking
- Entered into a contractual agreement with a company representing dynaCERT’s product suite within the country of India with the intent to ship and sell products with the option to purchase a licensing agreement for manufacturing with an ongoing royalty commitment per unit. India represents about 1.5 million buses, 5 million trucks and numerous diesel power plants and has recently announced requirements to meet more stringent emission reductions.
- dynaCERT has partnered with Global Access Capital Corp to provide lease options for dynaCERT’s technology customers. Go to: www.globalaccesscapital.ca or www.dynacert.com for more information.