After four and a half months of being restricted from fulfilling orders at dynaCERT’s manufacturing facility, the company announced on July 30th that they would re-open on August 4th. During the shutdown, dynaCERT retrofitted the assembly line with a new semi-automated assembly system which improved high standards in state-of-the-art technical specifications. The assembly line has a 100 unit per day or 2000 units per month capacity, assumed on a single 8-hour shift per day. Capacity can be tripled on production of 6000 units per month using three shifts per day.
The company has also re-emerged from COVID-19 with a cleaner and stronger balance sheet with approximately $18M in cash and no significant debt.
Jim Payne, CEO of dynaCERT, stated, “Our people and our customers around the globe have been very loyal and patient during this COVID-19 shutdown, but, in the end, dynaCERT has continued to advance forward. We continue to carry out our global strategy and have emerged successful. During this time, dynaCERT raised over $8,000,000 in the capital markets via an underwritten prospectus offering, upgraded our listing to the Toronto Stock Exchange, upgraded our listing to the OTCQX Best Market in the USA, upgraded our R&D and Assembly Plant and improved our technology. dynaCERT has pushed on successfully with our plan to get certified globally with various homologations, including in the UAE, and concluded a new alignment with our North American Dealer, KarbonKleen Inc., where we can now offer our products through our wholly-owned subsidiary, dynaCERT International Strategic Holdings Inc. or DISH, via a monthly subscription programme to enhance user financing and adoption of our HydraGEN™ Technology.”
dynaCERT was pleased to receive the Smart Sustainable Company Rating Seal based on the results of the rigorous analysis of Triple-A Analytics GmbH of Austria (“Triple-A”). This honourable distinction of dynaCERT and our HydraGEN™ Technology as it applies to the United Nations Sustainable Development Goals as well as United Nations Global Compact Principals has been evaluated as “high”, the highest global ranking in its category.
In dynaCERT’s Triple-A Smart Sustainable Company Evaluation, Triple-A reports that the United Nations Sustainable Development Goals and the Paris Climate Accord form the world’s strongest common agenda for achieving peace and prosperity on a healthy earth.