dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) (" dynaCERT " or the "Company") is pleased to announce that it is an exhibitor at the Truck World show in Toronto, from April 21, 2022 until Saturday, April 23, 2022.
Truck World is a trade & industry event. The show is a meeting place for Canada's trucking industry with everything trucking: equipment, innovations, connections, solutions, featuring over 500 exhibitors and new products showcase including dynaCERT's flagship HydraGEN ™ line of global solutions to reduce pollution.
dynaCERT is featuring several very attractive options at Truck World this year, namely:
A 10% discount off the regular Manufacturer's Suggested Retail Price (MSRP) of our HydraGEN ™ Units; and,
A 100% free Installation, with no travel costs, within the Greater Toronto Area, a value of $800 per Unit;
Discounted rental possibilities for all truckers who do not wish to purchase HydraGEN ™ Units but prefer to rent such Units.
The Truck World show is at the International Centre, 6900 Airport Road, Mississauga, Ontario (Canada). dynaCERT 's senior sales and marketing people and products can be found at Booth 2604 in Hall 2.
Enrico Schlaepfer, Vice President, Global Sales of dynaCERT , stated, "Our team is very pleased to meet the numerous trucking people and logistic companies from all across Canada at the Truck World show and introduce them to our updated line of products. Our HydraGEN ™ line of products is designed to reduce fuel consumption and reduce pollution on trucks of all sizes using diesel fuel."
Jim Payne, President & CEO of dynaCERT , stated, "The 2022 Truck World show represents an opportunity for dynaCERT to feature our HydraGEN ™ Units live and in person with a large audience of potential customers and dealers. The show is a welcome event for dynaCERT after so many months of COVID restrictions. We are proud to be an exhibitor at this world event in the trucking industry to feature our global solution to reduce pollution. With fuel prices soaring, people are looking for ways to reduce costs while understanding today's needs to reduce emissions, so our compelling propositions are attractive to trucking operators world wide."
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many 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 completion of the Offering, satisfaction of TSX listing conditions and regulatory approvals. 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 of 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 the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
dynaCERT Inc. (TSXV:DYA) (OTCQB:DYFSF) (FRA:DMJ) (“dynaCERT” or the “Company”) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange (“TSX”) to graduate its listing from the TSX Venture Exchange (“TSXV”) to the TSX.
The Company is also pleased to report that it has closed its transactions with KarbonKleen Inc. (“KarbonKleen”) and dynaCERT International Strategic Holdings Inc. (“DISH”), as previously announced on May 11, 2020 (See Press Release dated May 11, 2020).
Jean-Pierre Colin, Executive Vice President of dynaCERT, stated, “Graduating to the TSX represents a significant milestone in our efforts to broaden our appeal to a larger shareholder base, including institutional investors, and raise the Company’s profile among the investment community. We expect this graduation to further enhance the liquidity of our stock and enable us to continue building long-term shareholder value.”
Jim Payne, dynaCERT’s President & CEO, stated, “With the approval of the KarbonKleen Transaction we can now embark on the Subscription Programme. We believe, with the success of the program, it will open the opportunity for DISH to raise debt or equity financings in a non-dilutive fashion to dynaCERT, to assist our entire global channel of dealers and to more easily roll out our HydraGEN™ Technology to end-users world-wide through a Subscription monthly payment basis.”
Final approval of the TSX listing is subject to the Company fulfilling all remaining conditions as required by the TSX, including the completion of a traditional underwritten prospectus offering with a minimum of 50 subscribers, raising a minimum gross proceeds of not less than $5 million and compliance with public distribution and all other standard listing requirements of the TSX on or before August 12, 2020. The Company expects to be able to satisfy all of such requirements prior to such time and will issue a statement once timing for completion of the final listing requirements can be estimated and a final trading date has been confirmed by the TSX.
About dynaCERT Inc.
dynaCERTÂ Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many 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:Â 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 completion of a $5 million financing, satisfaction of TSX listing conditions, listing on the TSX, expanding the Company’s Subscription programme and having DISH engage in future financing activities. 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 of 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
dynaCERTÂ Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERTÂ Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com
dynaCERT Inc. (TSXV:DYA) (OTCQB:DYFSF) (FRA:DMJ) (“dynaCERT” or the “Company”) is pleased to report that it has granted to KarbonKleen Inc. (“KK”), dynaCERT’s Preferred Service Provider, the exclusive Dealership rights in the trucking industry in the United States of America until December 31, 2024. The exclusivity granted to KK is subject to certain quotas of a minimum of 150,000 HydraGEN™ Technology Units over a little more than three years. On May 9, 2020, KK has provided the Company with a purchase order for 3,000 HydraGEN™ Technology Units as described below.
Concurrent with this transaction, KK has entered into a strategic partnership with Velociti Inc. (“Velociti”), whereby Velociti will provide installation services for KK throughout the USA and elsewhere where Velociti operates and also to provide HydraGEN™ Technology Units to Velociti’s existing clients.
The pre-existing rights and Dealer relationships that dynaCERT has in the USA continue unrestricted and dynaCERT can continue discussions to add some qualified Dealers in the USA until the latter of November 1, 2020 or the end of USA restrictions due to COVID-19. Such dealers will continue to operate unfettered by the transactions described herein and KarbonKleen’s exclusivity. Pricing of dynaCERT’s HydraGEN™ Technology in the USA is subject to dynaCERT’s proprietary USA pricing list published exclusively for its Dealers from time to time and remains applicable to KK.
dynaCERT is also pleased to report that it has established a 100%-owned subsidiary called dynaCERT International Strategic Holdings Inc. (“DISH”) to be used to support sales efforts worldwide with investments in strategically unique and exceptional CleanTech innovators directly related to dynaCERT’s business, including a subscription programme of dynaCERT’s HydraGEN™ Technology to enhance end-user adoption.
In a series of related transactions with KK, DISH has agreed to provide KK with HydraGEN™ Technology Units until December 31, 2021 in return for subscription revenue whereby KK continues to offer on a back-to-back basis a subscription programme to outfit large Canadian and USA trucking fleets with HydraGEN™ Technology. DISH will be delivering dynaCERT’s new 3,000 Unit purchase order from KK under the terms of this arrangement.
As its first investment, DISH has agreed to invest a total of US $1,092,000 in KK in a transaction whereby the Company will own, indirectly through DISH, twenty percent (20%) of KK and a Promissory Note from KK due December 31, 2021, bearing interest of 10% per annum. The purpose of this investment by DISH is to accelerate its market penetration and sales in the USA market which both dynaCERT and KK have determined is a growing priority in North America.
DISH shall have representation on the board of directors of KK for as long as DISH retains its shares of KK and DISH retains pre-emptive rights on any future financings of KK. The shareholders of KK will also enter into a shareholders agreement which provides for the manner in which shares of the Company may be voted. The Company believes that the aggregate number of shares held, or controlled or directed, by such parties represents less than 10% of the issued and outstanding shares of the Company.
Brian Semkiw, KarbonKleen’s Chairman & CEO, stated, “In the past few months, some of the largest fleets in North America have been piloting HydraGEN™ Technology. These fleets have been experiencing the benefits of the reduced emissions, increased performance and fuel savings across all users and we expect a vibrant expansion of the pilot programmes to full fleet deployment with the subsiding of the Coronavirus pandemic. This investment by DISH and our partnership with Velociti will enable us to meet the anticipated demand with the delivery and maintenance professionalism that large fleets demand.”
Jean-Pierre Colin, Executive Vice President of dynaCERT, stated, “Establishing a long term, “razor-blade” stream of recurring monthly cash flows from large fleets using dynaCERT’s HydraGEN™ Technology provides better certainty of share value. The Strategy of setting up dynaCERT International Strategic Holdings Inc. or DISH as a finance arm of dynaCERT is beneficial to potential logistics companies and truck owners who can now finance, on a monthly basis, the roll-out of their HydraGEN™ Units on their entire fleets. DISH will be able to greatly reduce the up-front capital costs to end users of our products. As a subsidiary to dynaCERT, as dynaCERT experiences future growth, DISH intends to finance sales growth in such a way that is non-dilutive to dynaCERT.”
Jim Payne, dynaCERT’s President & CEO, stated, “KarbonKleen has proved their capability of connecting and selling to the largest fleets in North America. At our recent international sales meetings in February 2020, dynaCERT invited Velociti to present their unique skills and penetrating reach in the trucking industry in the USA and we were very proud to introduce them to partner with KarbonKleen. Our three-party collaboration results in an unprecedented strategic growth business engine with favourable potential in our own backyard. I feel confident that dynaCERT has found the right solution to deliver both financing and service to our dealer’s clients with such a professional team of high calibre people. In addition to our on-going work to verify future Carbon Credits, residual monthly cash flows from subscriptions benefits our shareholders.”
The transactions described herein are subject to regulatory approval, including the approval of the TSX Venture Exchange. Closing is expected to be completed upon receipt of such approval.
About Velociti Inc.
Based in Kansas City, MO, Velociti Inc. is a global provider of technology deployment services, offering specialized installation and services of a broad range of transportation and networking technology products in 46 countries and all 50 states. Velociti’s experience allows enterprise level technology consumers to maximize ROI as a result of leveraging expert, rapid deployment. Velociti clients include many Fortune 500 companies from a wide variety of market segments including transportation, retail, distribution, manufacturing, healthcare, government, education, food service and public venues. For more information visit www.velociti.com
About KarbonKleen Inc.
KarbonKleen provides an end-to-end FreighTech solution to improve diesel efficiency and reduce carbon emissions. Through strong partnerships and innovative technology development, coupled with proprietary service, support, and training methodologies, KarbonKleen helps its clients achieve their primary business goals through the application of technology. KarbonKleen is a Preferred Systems Provider for dynaCERT and is dedicated to the proliferation of dynaCERT technology for the benefit of its customers and the planet. Website: www.karbonkleen.com
About dynaCERT Inc.
dynaCERTÂ Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many 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:Â 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 potential investment by DISH in cleantech innovators, potential revenue from KK subscription programme, accelerating market penetration in the USA, KK intentions to roll-out 3,000 HydraGEN™ Technology Units, exclusivity granted on the basis of future quotas and potential expansion of pilots fleets to full fleet deployment. 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 of 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
dynaCERTÂ Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERTÂ Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nancy@irprocommunications.com
dynaCERT Inc. (TSXV:DYA) would like to cordially invite you to visit us at Booth #610 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 19 – Monday January 20, 2020.
The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.
Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.
Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.
Energy Technologies (ASX:EGY)CEO Nick Cousins shared that the company is refocusing its business strategy, focusing on the burgeoning renewable energy sector in Australia.
"We're looking at what is essentially a new business," said Cousins in an interview with the Investing News Network, highlighting the fundamental shift to capitalise on tailwinds supporting renewable energy initiatives.
Disclaimer: This interview is sponsored by Energy Technologies (ASX:EGY). This interview provides information which was sourced by the Investing News Network (INN) and approved by Energy Technologies in order to help investors learn more about the company. Energy Technologies is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Energy Technologiesand seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Provaris (ASX:PV1), a leading innovator in the green hydrogen sector is well-positioned to be an important part of the European green hydrogen supply chain through its groundbreaking compressed hydrogen solutions. The company's proprietary tank IP and innovative ship design support its vision to develop a portfolio of integrated green hydrogen projects.
Provaris’ innovative H2Neo carrier solution offers a more efficient and cost-effective alternative to traditional methods of hydrogen storage and transport. These carriers are designed to address the growing global demand for clean energy while overcoming the logistical challenges associated with green hydrogen distribution.
Provaris is expanding its portfolio to include CO2 storage technologies, a move that aligns with the company's core competencies in gas handling and storage, while addressing the growing demand for large scale CO2 storage and transport solutions in the European market, and beyond.
Company Highlights
Provaris is a leading innovator in the green hydrogen sector, leveraging its proprietary compressed hydrogen technology to develop sustainable, clean energy supply chains across Europe.
The company combines proven technology and unique IP for cost-effective hydrogen storage and transport solutions, with a first-mover advantage through its proprietary ship design and low-cost delivery.
Provaris has established strong strategic partners across Europe, enhancing its credibility in delivering hydrogen to market
In addition to green hydrogen, the company is leveraging its tank IP for application into the established CO2 storage and shipping market.
This Provaris Energy profile is part of a paid investor education campaign.*
Provaris presents a unique and attractive investment proposition in the rapidly expanding green hydrogen sector in Europe. With its proprietary technology, strategic partnerships and integrated business model, Provaris is well-positioned to capitalize on the growing demand for clean energy solutions.
Company Highlights
Provaris is a leading innovator in the green hydrogen sector, leveraging its proprietary compressed hydrogen technology to develop sustainable, clean energy supply chains across Europe.
The company combines proven technology and unique IP for cost-effective hydrogen storage and transport solutions, with a first-mover advantage through its proprietary ship design and low-cost delivery.
Provaris has established strong strategic partners across Europe, enhancing its credibility in delivering hydrogen to market
In addition to green hydrogen, the company is leveraging its tank IP for application into the established CO2 storage and shipping market.
Overview
Provaris (ASX:PV1), a leading innovator in the green hydrogen sector, is well-placed to become integral to the European green hydrogen supply chain through its groundbreaking compressed hydrogen solutions. The company focuses on developing regional projects that span the entire value chain, from production to export, with a particular emphasis on delivering hydrogen with the highest energy efficiency and the lowest cost.
With a vision to develop a portfolio of integrated green hydrogen projects, Provaris leverages its proprietary tank IP and innovative ship design, with a focus on collaborating with world-class partners.
Compression supports the development of simple, scalable and energy-efficient green hydrogen supply chains for the European market.
Provaris stands at the forefront of the green hydrogen revolution, dedicated to developing innovative and efficient supply chains for zero-carbon energy in the European region. With its rapid adoption of green hydrogen, the European market presents a golden opportunity for Provaris. As countries across the continent seek to decarbonize their economies, the demand for sustainable energy sources has skyrocketed. Provaris’ use of compressed hydrogen technology offers a compelling solution to the logistical challenges associated with hydrogen distribution, replacing complexity with simplicity to lower the delivered cost.
Core Product: H2Neo Carrier
At the heart of Provaris’ innovative H2Neo carrier solution is its proprietary compressed hydrogen technology. The H2Neo offers a more efficient and cost-effective alternative to traditional methods of hydrogen storage and transport. These carriers are designed to address the growing global demand for hydrogen while overcoming the logistical challenges associated with green hydrogen distribution.
Key Features and Benefits
Enhanced Safety: Provaris’ compressed hydrogen technology prioritizes safety in storage and transportation.
Cost-effectiveness: By eliminating the need for complex liquefaction or ammonia synthesis processes, the company's solutions reduce overall costs.
Scalability: The technology is adaptable to various project sizes, from regional supply chains to large-scale international exports.
Environmental Sustainability: Compressed green hydrogen aligns with global efforts to reduce carbon emissions and transition to cleaner energy sources.
Recent Concept Design Study reaffirms simplicity and efficiency of compressed hydrogen enables low-cost supply for Europe.
Innovative Vessel Designs
Complementing its innovative compressed hydrogen technology, Provaris is developing new vessel designs specifically tailored for hydrogen transport. These specialized ships are engineered to safely and efficiently carry compressed hydrogen across maritime routes, opening up new possibilities for international green energy trade.
CO2 Storage and Transport
As part of its commitment to sustainable energy solutions, Provaris is expanding its portfolio to include CO2 storage technologies. This strategic move aligns with the company's core competencies in gas handling and storage, while addressing the growing demand for large scale CO2 storage and transport solutions in the European market, and beyond.
Provaris is leveraging its expertise in compressed gas handling to develop innovative CO2 solutions, through the following strategies.
Adapting Hydrogen Tank Designs: The company is modifying its proprietary compression systems to efficiently capture and store CO2 from industrial processes.
Collaboration with Global Partner: Provaris announced a Joint Development Agreement with Yinson Product AS, a global energy infrastructure and technology company, which is developing CO2 infrastructure and supply chains.
Extension to Onshore Storage Solutions: Utilizing its experience in gas storage, Provaris is developing land-based facilities for intermediate CO2 storage before permanent sequestration.
Strategic Partnerships
At the forefront of Provaris Energy's European strategy is a groundbreaking Memorandum of Understanding (MoU) with Norwegian Hydrogen and Germany-based international energy company Uniper Global Commodities. This tripartite agreement marks a pivotal step in developing hydrogen supply chains, leveraging each partner's unique strengths.
The collaboration strategically capitalizes on the Nordic region's geographical advantages, facilitating efficient hydrogen distribution across Europe, with a particular focus on the German market. Germany is reliant on the import of over 70 percent of its hydrogen demand by 2030. This partnership not only underscores Provaris' role as an enabler for hydrogen transport at scale, but also a commitment by Uniper to support the development of Provaris’ unique approach.
A significant milestone is expected in the December 2024 quarter, including a maiden Term Sheet for supply and offtake.
Provaris also has a joint development agreement with Yinson Production, a global energy infrastructure and technology company, to explore COâ‚‚ storage and marine transportation solutions, leveraging Provaris' hydrogen tank technology for enhanced carbon capture capabilities.
In The Netherlands, Provaris is collaborating with Global Energy Storage (GES) to develop a bulk-scale hydrogen import facility within Rotterdam’s global energy hub. The agreement involves the completion of a comprehensive prefeasibility study to demonstrate the technical and economic viability of berthing and unloading of Provaris’ H2Neo compressed hydrogen carriers. Provaris will be responsible for the transportation of the hydrogen in the H2Neo carriers and GES will be responsible for the discharge and injection into the hydrogen grid.
Management Team
Martin Carolan – Managing Director & CEO
Greg Martin – Chairman
Andrew Pickering – Non-executive Director
David Palmer – Non-executive Director
Per Roed – Chief Technical Officer
Mats Fagerberg – Business Development, Europe
Garry Triglavcanin – Product Development Director
CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, is pleased to provide a corporate activity update which includes appointment of Anthony (Tony) Esplin as the Chief Executive Officer Designate ("CEO Designate") and an update to the planned Australian Securities Exchange ("ASX") listing.
Mr Esplin, who has over 30 years of experience at international mining companies including in Latin America, Australasia and Indonesia, is joining the Company with immediate effect under a part-time consultancy contract and will subsequently assume the role of CEO on a full-time basis, and become a board director, once the Company lists on the ASX.
Given the various holidays and the fact that the Company needs to update the ASX prospectus a decision was made to target the ASX listing in early Q1 2025.
The Company confirms it is working towards submitting the Special Lithium Operating Contract ("CEOL") for the Laguna Verde project before the deadline of 31st December 2024.
Significant quantities of battery-grade lithium carbonate will be produced before the end of the year for potential strategic partners to start product qualification.
Steve Kesler, Executive Chairman and Interim Chief Executive Officer, CleanTech Lithium PLC, said:
"We are delighted that Tony has agreed to join us as CEO, initially under a consultancy arrangement to assist us with our planned ASX listing, and then as our full-time CEO once we commence trading on the ASX. This concludes a relatively long process to identify the right candidate for this important role and we were very encouraged at the quality of the candidates who were keen to take up the reins at CleanTech Lithium.
"Tony's experiences of leading challenging international gold and base metal projects of scale through development into production, especially in Latin America, will be invaluable as the Company moves our Laguna Verde project forward towards the commercial production of battery grade lithium from 2027 onwards. As a fluent Spanish speaker, he will also be in prime position to engage with the Chilean Government, regulatory bodies and especially the local communities whose continuing support for our projects will be critical to their success.
"In the meantime, I will continue in my role as Executive Chairman intending to move back to being the Company's Non-Executive Chairman when our Board believes the time is right. I look forward to working with Tony and continue to be confident in the future potential of our Company".
Tony Esplin, CEO Designate, said:
"I am excited to be joining CleanTech Lithium and looking forward to the opportunity to work in Latin America again. It is well known that the lithium market is going through a challenging time, but all analysts agree that the lithium price will recover in due course to meet the growing international demand for EVs and other forms of battery storage. In the meantime, CleanTech Lithium has placed itself very nicely to be the next major mover in the lithium sector in Chile, through the use of Direct Lithium Extraction ("DLE") and by adopting more sustainable methods of extracting lithium for a market keen to see more "green lithium" supply. We intend to be delivering on this vision for our shareholders over the next few years.
"I am impressed at the results I have seen from the Company's DLE pilot plant and downstream processing, as well as the innovative community relations programmes where the Company has entered into alliances with local communities and universities. I look forward to working with the Board, management and staff to deliver a successful project at Laguna Verde. Whilst that project will be our major focus for the time being, we also have other assets in Chile which we can progress over time, adding real upside to our Company's value proposition for investors".
Appointment of CEO Designate
Since April 2024, when the Company's Executive Chairman, Steve Kesler, also took on the role of Interim CEO, the Board has been actively searching for a CEO with the skills and experience to move the Company from its early "exploration & technical testing phase" in Chile towards a "development and production phase" on its key assets. This role requires experience in driving and managing mineral resource projects in Latin America, delivering on development plans, raising the necessary funds for such projects and working with Government representatives and local communities to ensure those projects achieve their objectives in a sustainable manner. Following completion of the Laguna Verde "PFS" due to complete in Q1 2025, the Company will enter a new phase. Key activities will be bringing in a strategic partner, negotiating offtake agreements, completing the Definitive Feasibility-Study "DFS", permitting and putting in place the project finance to start construction and commencement of production at Laguna Verde, which is anticipated by end 2027. The Company has been working with executive search firm Heidrich & Struggles, based out of Melbourne Australia, to identify the best candidate for this important role and the Board is confident that Tony Esplin is the right appointment.
Tony Esplin
Mr Esplin is an Australian national who has over 30 years' experience in mining including at senior executive and board level positions primarily with tier one gold and base metals producers, including with Newmont Corporation, which ranked for more than a decade amongst the leading miners on the Dow Jones Sustainability World Index.
He has significant experience in managing large-scale emerging markets assets, including in Peru, Mexico, Suriname, Indonesia, Australia and Papua New Guinea ("PNG"). Mr Esplin worked and lived for over 12 years in Latin America and is fluent in Spanish. Most recently, he was Chief Operating Officer at Discovery Silver Corporation, a TSX-listed company with development projects in Mexico, where he also had broader responsibilities in developing project finance options and investor relations.
Prior to this, Mr Esplin spent three years as Executive Managing Director of Barrick Niugini, responsible for all facets of the business in PNG. Barrick Niugini is a joint venture between Barrick Gold and Zijin Mining and the role involved challenging negotiations with the PNG Government, regulators and with local community stakeholders, as well as establishing complex licence extensions.
Before Barrick Niugini Mr Esplin spent over 10 years at Newmont in various roles including as General Manager for the Suriname Merian project, a joint venture with state-owned petroleum company, Staatsolle Maatschappij Suriname N.V., which was successfully brought onto commercial production on time and under budget. The role encompassed all aspects of managing the business in Suriname.
Before that, Mr Esplin spent 10 years at Newmont´s Yanacocha project in Peru, latterly as General Manager Operations responsible for mining, processing and infrastructure activities.
Anthony (Tony) Ian Esplin, aged 58, has held the following directorships and/or partnerships in the past 5 years:
Current
Past
Sierra Nevada De Santa Maria Pty Ltd
Barrick (Nuigini) Limited
Mr Esplin currently holds no ordinary shares or other securities in the Company.
There is no further information on Tony Esplin required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
Mr Esplin will support the Board immediately in the planned dual listing on ASX in a part-time consultancy role, with his full-time appointment commencing immediately upon the Company listing on the ASX. A further announcement will be made on that in time. He will be based in Australia increasing CleanTech Lithium's profile with investors, analysts and media before and after the ASX listing, developing relationships with potential strategic partners and off-takers whilst travelling to Chile to work with the team on the Company's projects, build a team with capacity to take the Laguna Verde project into production and liaise with Government, regulators and local communities.
Steve Kesler will continue as Executive Chairman for a few months to support Mr Esplin in his new position and will then step back to being Non-Executive Chairman as corporate governance guidelines in UK and Australia recommend.
After thorough discussion with the Company's ASX advisors, the Company considered various time constraints, including Australian summer holidays, and decided that it will be better positioned for a successful ASX listing by proceeding in early Q1 2025. This is a strategic move as the revised timeline means the Company will have produced substantial amounts of battery grade lithium carbonate for potential strategic partners to start product qualification, will have submitted the CEOL application for the Laguna Verde project and will be nearing completion of the Laguna Verde PFS. This will ensure the timing of the proposed listing is optimal to deliver the highest possible value to investors. It will also allow Mr Esplin to get up to speed on the Company's position and plans and then actively participate in the ASX listing.
CEOL application and sample lithium product
The Company is working towards submitting the CEOL for the Laguna Verde project before the deadline of 31st December 2024 and a further announcement confirming submission will be made in due course.
As announced on 21st November 2024, the downstream conversion process is successfully producing pilot scale samples of lithium carbonate. CleanTech Lithium is a leader in Chile in producing lithium carbonate using Direct Lithium Extraction ("DLE") at the pilot scale, marking a major milestone for the Company. The samples will be sent to a laboratory to confirm the grade and impurity profile, which is expected to be battery-grade and prepared for strategic partner qualification.
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain. The person who arranged for the release of this announcement on behalf of the Company was Gordon Stein, Director and CFO.
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Notes
CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.
CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com
Energy Technologies (ASX:EGY) is redefining its business strategy with a new focus on the burgeoning renewable energy sector in Australia. CEO Nick Cousins said this new direction was catalysed by a strategic review initiated 18 months ago.
"We're looking at what is essentially a new business," said Cousins in an interview with the Investing News Network, highlighting the fundamental shift to capitalise on tailwinds supporting renewable energy initiatives.
The Energy Technologies chief executive also provided insights into his company’s strategic alliances with Gantner Instruments and the Tratos Group, which form the cornerstone of the firm's expansive new product lineup.
The partnership with Germany-based Gantner Instruments allows Energy Technologies to present a full-spectrum offering that integrates control systems directly with the cables it manufactures, Cousins explained.
"They're a market leader in control and automation of utility-scale (photovoltaic) plants," he said.
The agreement with Tratos Group, on the other hand, allows Energy Technologies to add medium- and high-voltage cables and overhead transmission lines to its product offerings for the renewable energy sector.
“To my knowledge, there is no other cable manufacturer in the Australian market that's offering a one-stop solution into the utility-scale market for solar,” Cousins said.
Watch the full interview with Nick Cousins, CEO of Energy Technologies, above.
Disclaimer: This interview is sponsored by Energy Technologies (ASX:EGY). This interview provides information which was sourced by the Investing News Network (INN) and approved by Energy Technologies in order to help investors learn more about the company. Energy Technologies is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Energy Technologiesand seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Energy Technologies Limited (ASX: EGY or “the Company”) is pleased to announce the Manufactured and Purchased Sales Divisions have been awarded their first cable supply contract since adoption of the Company’s revised business plan (as to which refer ASX Announcement of the 31st October).
EGY submitted a $4.2m tender in respect of a major infrastructure project in NSW, with a tier 1 provider of transport solutions headquartered in Europe, with global annual revenues exceeding €80 billion, and has been awarded an initial package comprising low voltage, signalling cable in an amount of $860k. The Company is awaiting the outcome of the remaining tendered packages.
As detailed in the 31st October ASX Announcement, EGY is averaging the submission of two (2) tenders per month – all associated with larger scale projects and including opportunities across the Manufactured, Purchased and Renewable Energy Divisions of the Company.
As at the 31st October 2024, the live tender book comprised:
eight (8) tenders; of which
seven (7) have now closed (and EGY awaits decision as to participation); with
gross tender value of c. $34.6m (including the above referenced project); and
tender value range from $1.3m to $8.0m.
EGY Acting CEO, Nick Cousins said, "The successful awarding of the project package, coupled with the growing value of the live tender book, is a strong affirmation of the Boards commitment to the revised business plan. The strategic collaboration across the Manufactured, Purchased, and Renewable Energy Divisions has not only equipped EGY with the necessary resources but also enhanced the Company’s capability to compete effectively on both price and quality. This integrated approach positions the Company to capture a significantly broader and more expansive addressable market, driving long-term growth and value for all stakeholders."
This article includes content from Energy Technologies Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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