TORONTO, ON–(Globe Newswire – March 2, 2018) – dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (DAX: DMJ) (“dynaCERT” or the “Company”) is pleased to provide the following update:
Testing by Automotive Research Association of India
The India trucking industry participants realize that there is a potential performance difference between testing and use of the HydraGEN™ Technology in North America as compared to the environmental and operational conditions in South Asia. The Automotive Research Association of India (“ARAI”) has been contracted by dynaCERT to test our HydraGEN™ Technology under the supervision of one of our senior engineers and rigorously subject the technology to local road and driving conditions in India. This testing will be with the lower grade diesel fuel that is available in the market and on vehicles that are technologically different than those in North America where our previous testing has been done.
These tests are expected to be completed prior to the official HydraGEN™ product launch during the upcoming All India Motor Transport Congress in New Delhi as provided by the conditions for the sale of our HydraGEN™ Technology stated in the press release dated February 27th, 2018.
European Markets
Enrico Schlaepfer, Vice President of Global Sales, will be travelling to Belgium, Germany, Switzerland and Austria for many meetings starting March 5, 2018. Mr. Schlaepfer, along with dynaCERT’s dealer for Germany and Switzerland, H2 GreenTech, will be visiting current and new potential customers who have indicated an interest in using our HydraGEN™ Technology on their stationary generators.
In furtherance of the development of the marketing to the on-road transportation industry in the European market, Mr. Schlaepfer will be also overseeing the final steps for homologation certification in Germany working with TUV NORD and TUV SUD. As reported previously, the Company has created dynaCERT GMBH as a wholly-owned subsidiary in Germany in order to comply with the European road transport requirements for certification and to facilitate dynaCERT’s sales and marketing strategy for Europe, Middle East and Africa i.e. EMEA. The certification process is the final regulatory requirement to license on-road transport companies to use the HydraGEN™ Technology on their vehicles.
Northwest Territories Power Corporation
The installation and testing of HydraGEN™ units in mid-2017 is completed. Due to exceptional results realized on similar applications in Europe, we are now in discussions to perform further testing with our upgraded units to increase fuel savings. These upgraded units are a simple, low cost retrofit to the existing operational engines with minimal modifications to each power station.
Edison Awards
dynaCERT has been notified that we are one of three finalists to receive an Edison Award™ for our HydraGEN™ Technology in the Energy & Sustainability – Vehicle Advancements segment. The 2018 Edison Awards™ are to be presented in New York City on April 11, 2018.
The Edison Award™ is a leader in globally recognizing, honouring and fostering innovation and innovators to create a positive impact in the world. Being recognized with an Edison Award™ is one of the highest accolades a company, like dynaCERT, can receive in the name of innovation and business success as can be seen on their website http://www.edisonawards.com/finalists2018.php.
Conference Technical Presentation
Olivia Maier, dynaCERT’s chemical engineer, has been chosen to be a presenter of the technical paper titled “HydraGEN™ Technology Performance on Reefer Engines” at the 21st annual Energy, Utility, & Environment Conference (“EUEC”) to be held on March 5 to 7, 2018. The EUEC is the largest professional educational, training & networking event of its kind, which this year is in San Diego, California.
Toronto Truck World
dynaCERT is very pleased to be a first-time exhibitor at this year’s Truck World trade show that is being held in Toronto on April 19 to 21, 2018. We will be joined by several of our dealers celebrating the official launch of our HG-1 and HG-2 series of HydraGEN™ Technology. Please drop by and visit our booth #5559.
Law Suit
As reported by our legal council, the legal action with a previous supplier (see Management’s Discussion and Analysis dated September 30, 2017 filed on SEDAR) is continuing. The Company is responding to a demand for particulars and expects to receive a defence statement thereafter.
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