dynaCERT TSX.V-DYA announced that Michael Christodoulou, the former President of Cummins Eastern Canada LP and Cummins Diesel of Canada, is joining the Advisory Board as a Business/Marketing Advisor.
Mr. Christodoulou has over 30 years of extensive experience and vast knowledge working with major North American trucking companies. He held the position of President and Principal of Cummins Eastern Canada LP for 15 years, Executive Director of PACCAR Business, Cummins Inc. and was President of Cummins Diesel of Canada for over seven years. Mr. Christodoulou has a superior track record within the trucking industry and has developed excellent industry affiliations with global transportation companies and all the major truck OEM’s.
Mr. Christodoulou was formerly on the Global Distributor Advisory Council for Cummins Power Generation, was the Chairman of the Canadian Association of Equipment Distributors, and the VP and Board Member of the Associated Equipment Dealers. He is a Member of the Canadian Trucking Alliance, and has been a member of the Ontario, Quebec and the Atlantic Provinces Trucking Associations. Mr. Christodoulou is a former member of Cummins Distribution Council and was the Co-Chair of Cummins Bus Council.
dynaCERT announces the receipt of $1 million from Mr. Christodoulou as a strategic partner in the business. This funding was a private placement of 1,176,471 units at a price of $0.85 per unit. Each unit is comprised of one common share in the capital of the Company and one-half of one common share purchase warrant, with each whole warrant being exercisable into one Common Share at a price of $1.25 for a two-year period from the date of issuance. The warrants include an acceleration clause to the effect that if at any time after four months and one day following the issuance of the warrants, the closing trading price of the Common Shares on the TSX Venture Exchange (the “Exchange”) is greater than $2.00 per Common Share for a period of ten consecutive trading days, then dynaCERT may give notice to the holder of the warrants of its intention to force the exercise of the warrants, following which the holder thereof shall have a period of 30 days to exercise the warrants, failing which the warrants will automatically expire.
dynaCERT Q1 Highlights:
- Revenue of $1,380,350 on the delivery of 215 HG1 units
- Gross profit of $653,502
- Gross margin of 47%
- Net operating income before stock based compensation of $199,188
- Net income of $482,175
- Cash balance at the end of Q1 of $1,093,944
Robert Maier, COO of dynaCERT, states, “We are executing well and gaining traction as we focus on the foundation of strong distributor relationships. We are expanding into other markets for our suite of HydraGENTM products.“
“I am pleased with our first quarter results as we commenced commercial sales,” said Jim Payne, President and CEO of dynaCERT. “We are strengthening our management team and support for sales and product installation. The growth potential for sales is both exciting and challenging as we transform from an R&D company into a sales and manufacturing organization.”
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.
dynaCERT (TSX.V-DYA) (OTCQB-DYFSF) is pleased to announce that it has received approval for an OTCQB listing making it easier for shareholders in the United States, as well as potential investors in the United States, to invest in dynaCERT.
The OTCQB Marketplace is for developing U.S. and international companies. Having an OTCQB listing increases investor confidence by having greater information available through the OTC Disclosure & News Service, transparent prices for investors through full depth of book with Real Time Level 2 quotes, knowing that Companies are current in their reporting and will undergo continuous verification and management certification process. Investors can find Real-Time Level 2 quotes and market information for dynaCERT on www.otcmarkets.com.
dynaCERT shares will continue to be traded on the TSX Venture Exchange under its existing symbol DYA.
Jim Payne, President and CEO of dynaCERT, states, “Various groups have been asking if we are trading on the OTCQB and dynaCERT is pleased to have been accepted and is trading at the opening of the market today. Given the significant market and potential global demand of dynaCERT’s HydraGenTM technology to reduce carbon emissions and fuel consumption, assisting in the world’s fight against climate change, we feel the OTCQB listing will create greater visibility allowing for a much larger potential shareholder base and enhanced liquidity.”