TORONTO, ON–(Marketwired – March 28, 2017) – dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (“dynaCERT” or the “Company”) is pleased to update the market regarding recent material developments.
Company is pleased to announce that it has received new purchase orders
for over 430 HydraGEN™ units exceeding $2.7 million in sales. Purchase
orders for the year-to-date for the HydraGEN™ exceed 700 units,
resulting in total gross sales of over $4.5 million.
Jim Payne, President and CEO of dynaCERT,
states, “As purchase orders are received and the HydraGEN™ units are
being shipped, our corporate growth is being recognized in the
marketplace. Many of these shipped units were acquired by companies that
have large trucking fleets for installation on their trucks.”
New Product Developments
the Annual General and Special Meeting of Shareholders (“AGM”) held on
March 24, 2017 in Toronto, the Company unveiled a 3-D image of a new
product prototype, the HG-2 (HydraGEN™2 or HG-2), which is being
specifically developed to target a new market space, being the
refrigerated container (reefer) market. In connection with this
initiative, the Company also introduced Domenic Marci, General Manager,
Loblaw Transport, Ontario, who was present at the AGM. Loblaw has
initiated installations of units on four of their class 8 trucks in
order to perform their own independent controlled test and have also
delivered one of their refrigerated trailers for the development and
testing of the Company’s new HG-2 unit. It is expected that the new HG-2
unit will be less than half of the size of our current HG-1 unit, which
the Company hopes will allow it to service not only the reefer market,
but the smaller size could potentially open other markets, such as class
6 & 7 trucks, buses and smaller trucks commonly found outside of
North America, such as in European countries and in India.
addition to the foregoing, the Company is also pleased to announce the
release of its new smartphone app, which allows end users to access
their information from the smart ECU of their equipment on their smart
phones. This app is now available for download at the Apple App Store.
Annual Meeting of Shareholders
addition to the foregoing, all general and special resolutions were
passed at the AGM. An aggregate of 52,053,837 shares (22.57%) of all
issued and outstanding shares of the Company were represented at the
meeting in person or by proxy. The following seven nominees were
re-elected as Directors of the Company to serve until the next annual
meeting of shareholders of the Company, or until their successors are
elected or appointed: James Payne, Elliot Strashin, Wayne Hoffman,
Robert Maier, Ronald Perry, Jean-Pierre Colin and Richard Lu.
The following additional resolutions were also passed at the AGM:
- Approval of the appointment of SLF Schwartz Levitsky Feldman LLP as Auditors of the Company for the ensuing year and;
- Approval of the stock option plan of the Corporation.
granted a total of 300,000 stock options to the Chief Financial
Officer. The options shall vest immediately and shall be exercisable at a
price of $0.94, equal to the most recent closing price of the Company’s
common shares, for a period of five years.
About dynaCERT Inc.
Inc. manufactures, distributes, and installs Carbon Emission Reduction
Technology for use with internal combustion engines. Our patent-pending
technology creates hydrogen and oxygen on-demand through electrolysis
and supplies these additives through the air intake to enhance
combustion, resulting in lower carbon emissions and greater fuel
efficiency. Our technology is currently in use with on-road
applications. More information can be found at www.dynaCERT.com.
for statements of historical fact, this news release contains certain
“forward-looking information” within the meaning of applicable
securities law. Forward-looking information is frequently characterized
by words such as “plan”, “expect”, “project”, “intend”, “believe”,
“anticipate”, “estimate” and other similar words, or statements that
certain events or conditions “may” or “will” occur. In particular,
forward-looking information in this press release includes, but is not
limited to periodic updates of results, testing programs and results,
negotiations with third parties concerning potential business
transactions, and the timing of certain going forward projects. Although
we believe that the expectations reflected in the forward-looking
information are reasonable, there can be no assurance that such
expectations will prove to be correct. We cannot guarantee future
results, performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same, in
whole or in part, as those set out in the forward-looking information.
information is based on the opinions and estimates of management at the
date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those anticipated in the
forward-looking information. Some of the risks and other factors that
could cause the results to differ materially from those expressed in the
forward-looking information include, but are not limited to:
uncertainty as to whether our strategies and business plans will yield
the expected benefits; availability and cost of capital; the ability to
identify and develop and achieve commercial success for new products and
technologies; the level of expenditures necessary to maintain and
improve the quality of products and services; changes in technology and
changes in laws and regulations; the uncertainty of the emerging
hydrogen economy; including the hydrogen economy moving at a pace not
anticipated; our ability to secure and maintain strategic relationships
and distribution agreements; and the other risk factors disclosed under
our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update
any of the forward-looking information to conform such information to
actual results or to changes in our expectations except as otherwise
required by applicable securities legislation. Readers are cautioned not
to place undue reliance on forward-looking information.
TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
For more information, please contact:
CEO & President
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
(416) 766-9691 x 2
(416) 766-9691 x 1
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