After months of testing on a stationary refrigerated trailer (Reefer) supplied by a national grocery chain, the fuel improvements have been exceptional. A second Reefer has been delivered to dynaCERT in order to duplicate the testing process for even further confirmation of the effectiveness of the dynaCERT HydraGEN™ technology.
The test protocol measured hourly results at different temperature set points of the refrigeration unit to benchmark the engine’s fuel consumption and emission results under various conditions. This was conducted over many weeks to verify results.
The HydraGEN™ unit was then connected to the engine’s air intake and the testing followed the same protocol as the benchmark testing and recorded improved fuel consumption and emission results.
While testing continues, current results show fuel consumption reductions exceeding 20% at selected different temperature set points and as high as 28% when the Reefer engine was operating at a steady state. The current test also shows results of similar reductions in emissions as attained in the PIT testing of HG1 units (see Press Release of September 21, 2017 “Milestone Exceeded by dynaCERT’s HydraGEN™ Technology: Initial PIT Group Test Results Show Emission Reductions – NOx Reduced by 46.1%.”).
Testing has begun on the second Reefer trailer to replicate these results.
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 10 litres.
dynaCERT announced the collaboration with the Northwest Territory Power Corp. in Yellowknife, NT in a fuel savings and emission reduction pilot project located in Deline, NT. Delines is located on the southwest share of Great Bear Lake, about 400 km northwest of Yellowknife. Deline is only serviced via aircraft and winter ice roads. The NTPC operate 3,500 diesel power generation units in remote villages and communities across the Territory.
The dynaCERT-NTCP project, at this important initial stage, consists of the sale, installation and commissioning of four dynaCERT HG1 units onto three stationary generator units that in turn are responsible for producing all of the electricity in the village of Deline. One stationary generator unit will have two HG1 units. The NTPC engineering team has worked closely with the dynaCERT engineers to design this specific application for the community to align with NTPC’s stated goal of reducing their reliance on fossil fuels.
Robert Maier, COO of dynaCERT, states, “NTPC continues to work hard at the leading technological edge to improve the lives of the people they serve. We are pleased that our HydraGENTM technology is part of this pilot project opportunity to lower operating costs for NTPC and improve the environment for northern communities.”
Jim Payne, President & CEO of dynaCERT, states, “We are very pleased to work with NTPC and their communities. With Robert Maier’s managerial and technical leadership, dynaCERT continues to develop new applications and enter varied markets for its HG1 units, not just in trucking but also in remote location power generation. Our engineering creativity, supported by our ongoing commitment to R&D, is rapidly advancing our Company in the diverse world of diesel uses in furtherance of our corporate strategy.”
dynaCERT $DYA $DYFSF has received CE Certification for its HydraGENTM techology for shipments to clients within Europe. Specifically, the models HG1 (Class 6-8 trucks), HG2 (Class 2-5 trucks, refrigerated trailers and shipping containers) and HG3 (diesel-powered ocean ships, locomotives and stationary generators).
The letters “CE” are the abbreviation of French phrase “Conformité Européene” which literally means “European Conformity”. This signifies that products sold in the European Economic Area (EEA) have been assessed to meet high safety, health, and environmental protection requirements. This also applies to products made in other countries that are sold in the EEA.
There are two main benefits CE marking brings to businesses and consumers within the EEA:
- Businesses know that products bearing the CE marking can be traded in the EEA without restrictions.
- Consumers enjoy the same level of health, safety, and environmental protection throughout the entire EEA.
dynaCERT announced that Mr. Enrico Schlaepfer has joined the company as the VP of Global Sales. Mr. Schlaepfer is fluent in English, French, German and Italian and has over 35 years experience managing large global sales and distribution agents. Mr. Schlaepfer states, “CE Certification now paves the road to the European market and to my contacts in Europe.”
dynaCERT $DYA $DYFSF announced new purchase orders for over 430 HydraGENTM units exceeding $2.7 million in sales. Purchase orders for the year-to-date exceeds 700 units, resulting in total gross sales of over $4.5 million.
At the AGM, the company unveiled a 3-D image of a new produce prototype, the HG-2 (HydraGENTM or HG-2) which is specifically designed for the refrigerated container (reefer) market. In connection with this initiative, Domenic Macri, GM of #Loblaw Transport, #Ontario was present at the AGM. #Loblaw has installed units on four of their Class 8 trucks and delivered one of their reefer trailers for testing of the new HG-2 unit.
All incumbent directors were re-elected as Directors of the Company. The Company granted a total of 300,000 stock options to the CFO, which vest immediately and set at an exercise price of $0.94 for a period of five years.
dynaCERT has extended the formal strategic Voluntary Lock-Up Agreement and increased from 55M shares to over 72M shares. The extended lock-up period is to July 31, 2017.
Ms. Yumey Fernandez, CFO & Corporate Secretary, has resigned due to personal reasons. Mr. Terrence MacDonald, CPA, CA has been appointed the new CFO & Corporate Secretary. Mr. Khoa Tran, B.A., has joined the dynaCERT team as the Director of Finance.
dynaCERT has received approval from The Depository Trust Company (“DTC”) of New York, NY and is now DTC eligible under the symbol DYFSF.
dynaCERT (TSXV.DYA) (OTCQB.DYFSF) has announced purchase orders for 276 HydraGenTM units exceeding $1.8M. There are additional sales pending final documentation, deposits and/or lease approvals.
dynaCERT has seven approved dealer agreements covering Ontario, Quebec, Western Canada and the Northwest Territories, as well as their sales partners throughout the United States.
The company is now receiving parts and preparing for the next 500 unit production run as they continue to ramp up for expected growth.
dynaCERT (TSX.V-DYA) (OTCQB:DYFSF) has strengthened their team with the appointment of Jean-Pierre Colin to the Board of Directors.
Mr. Colin is a corporate strategy consultant to high-growth publicly listed companies. He has been a recognized senior securities industry executive and effective investment banking professional providing financing and mergers and acquisitions services to numerous prosperous issuers in Canada. As a result of his extensive financial background throughout his career, he has been called to lead teams of corporate finance professionals at national securities dealers, such as Richardson Greenshields, JP Colin Securities, Deacon Capital, Octagon Capital and Desjardins. He has also served as a high-profile corporate board director and C-suite executive of numerous public companies, often chairing audit committees, compensation committees and corporate governance committees, including with Premier Gold Mines; Wolfden Resources, sold to Zinifex for over $350 million; Virginia Gold whose Eleonore property was sold to Goldcorp for over $ 1 billion; and, Pelangio Mines, the former controlling shareholder of Detour Gold, one of Canada’s largest gold mining operations.
Mr. Colin holds a DCS from McGill University where he studied Biology & Engineering, an MBA from the University of Western Ontario, a Law Degree from the University of Ottawa and also practiced corporate law prior to his investment-banking profession.
Jean-Pierre Colin states, “I am very pleased to join dynaCERT and commence working closely with my fellow board members and dynaCERT management, especially for the benefit of our numerous shareholders and stakeholders. Jim Payne, our CEO, has accomplished many very enviable milestones for dynaCERT while assembling a remarkable team of experts and he has my full commitment in moving dynaCERT to a successful future.”
Jim Payne, President & CEO of dynaCERT, states, “We are privileged to welcome Jean-Pierre Colin to our Board. He brings deep expertise and a proven track record in investment banking and corporate governance and well-known for his ethical business acumen.”
dynaCERT (TSX.V-DYA) has engaged Nektar Data Systems, highly recognized as a premier international fleet management system consulting group. Nektar Data Systems will create a fleet management system with the capability to analyze the entire project and provide real time tracking, monitoring and reporting derived from data collected by the dynaCERT Smart ECU.
The dynaCERT HydraGenTM product users will be able to access this information through a portal fully owned, controlled and managed by dynaCERT.
The $300,000 fee for the Nektar Data System’s fleet management package will be paid as follows:
- $150,000 due immediately;
- $75,000 in cash and
- $75,000 in shares for debt, (based on the closing bid price of $0.57 on December 7, 2016)
- $150,000 balance after the project is completed;
- $75,000 in shares for debt upon successful launch of the project and
- $75,000 in shares for debt, 30 days after the project is launched
David Bridge, COO of dynaCERT, states, “This is a huge step forward from a technology standpoint. It enables end users to have a system in place that allows the customer to view and assess performance in real time, as well as realize the true benefits of the HydraGenTM and Smart ECU product.”
About Nektar Data Systems:
Nektar Data Inc. is a unique, intuitive data and asset management platform that utilizes the latest mobile and cloud technologies and tools to track, map, assess, archive, trend and report any data for any asset type in the transportation, construction, utility and service industries. Website: www.nektardata.com.
The Nektar Data Systems platform is developed with easy-to-use native mobile and web interface processes that provide the solutions to managing assets and related tasks within any industry. We give you the ability to utilize and manage your field collected data and create a decision support system that is custom tailored to your industry and your business process. We provide real time business intelligence for any fleet, municipal or utility operation worldwide.
Jay Taylor of Gold, Energy & Tech Stocks, has issued a buy recommendation for dynaCERT Inc. (TSX.V-DYA) (OTCBB-DYFSF) and set a 12-month price target range of US$2.00 – US$2.50.
Click this link for the full report: dynacert-inc-2016-11-25-jay-taylor-recommendation
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.