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dynaCERT Inc. (TSXV:DYA) (OTCQB:DYFSF) (FRA:DMJ) (“dynaCERT” or the “Company”) is pleased to provide an update on events at the IAA Commercial Vehicle Trade Show in Hanover, Germany which is held from September 19 to 27, 2018.
dynaCERT Inc. (TSXV:DYA) (OTCQB:DYFSF) (FRA:DMJ) (“dynaCERT” or the “Company”) is pleased to provide an update on events at the IAA Commercial Vehicle Trade Show in Hanover, Germany which is held from September 19 to 27, 2018.
IAA Trade Show
The dynaCERT sales and engineering team have had meetings daily at the show with some Original Equipment Manufacturers (OEMs) that include Mercedes Benz, Volkswagen, MAN Truck, Volvo, and Freightliner. Other OEMs are scheduled for meetings with dynaCERT for the remainder of the trade show. These OEMs have already begun development designs and prototyping of new technology to reach the very onerous CO2 regulatory targets due in 2025 (see earlier press release dated September 24, 2018). Of great interest to OEMs is the HydraGEN™ Technology for reduction in overall emissions, but, in particular, the CO2 reduction whereby a HydraGEN™ unit would become one of several technologies used to achieve the European CO2 regulation standards mentioned in the press release mentioned above.
These discussions with OEMs also included opportunities to consider the aftermarket sales of HydraGEN™ technology through the respective current dealer networks of OEMs. Sales of dynaCERT’s line of products would be for both dealer resale of pre-owned vehicles and to existing customers that bring their vehicles to dealers for service. The opportunity to dynaCERT could be very significant as, for example, one particular dealer sells only 200 new trucks per year but has 1,000 customers representing more than 2,500 trucks. Management of the Company see these potential relationships as a particularly effective market potential for the HydraGEN™.
On September 18, 2018, prior to the official show opening, management of dynaCERT Inc., dynaCERT GmbH, and the German dealer H2-GreenTech participated in a press interview event open forum. Press journalists from across Europe asked questions on technical, commercial and market-related topics such as, “What are dynaCERT’s plans for expansion in Europe? and When will dynaCERT have Homologation?” Management was pleased to present the TUV testing results which received a very positive reaction.
Enrico Schlaepfer, VP Global Sales states, ”Participating at this year’s IAA, the worlds largest commercial vehicle trade fair, opens a window for dynaCERT to a whole new clientele of environmentally-focused firms and individuals that understand our HydraGEN™ Technology is an important tool to help them save fuel and reduce emissions. We met with owners and operators, potential dealers and distributors and OEMs at the fair and took this opportunity to introduce the HG1 line of products in order to advance and build a strong and reputable sales network.”
Jim Payne, CEO & President, stated, ”Working with dynaCERT GmbH, and our German dealer H2-GreenTech, we have launched our HydraGEN™ product into Europe as the ‘First-to-Market’. This was evident by the strong interest shown at the dynaCERT trade booth at the IAA as visitors came to see the technology that can deliver a significant reduction in greenhouse gases and save the user money with fuel savings.”
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with all types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com
READER ADVISORY
Except 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 the potential expansion into new markets, industries and segments, such as diesel-powered use of any the dynaCERT products and sales. 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.
Forward-looking 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.
The 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.
Neither 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:
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
(416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
(416) 766-9691 x 1
ir@dynaCERT.com
Source: globenewswire.com
