Cleantech

Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issue a sector snapshot on the booming hydrogen market and some of the key players leading the revolution, including Hydrogen Tech stock dynaCERT Inc. (TSX: DYA.TO) (OTCQX: DYFSF) (FSE: DMJ), a company with seventeen plus years of R&D, scientific knowledge and design advancements within hydrogen generation.

Read the full article on hydrogen stocks on Investorideas.com

https://www.investorideas.com/News/2021/cleantech-climatechange/04190Hydrogen-Market.asp

The hydrogen market is expected to surpass USD 300 Billion by 2027; according to Global Market Insights Inc. Increasing focus toward clean energy in the emerging economies coupled with rising utilization of hydrogen in new applications will positively enhance the industry outlook.

Altenergmag.com reports, "Since hydrogen fuel cells can integrate with so many industries - transportation, industrial activities, and energy generation - the boom is coming on strong. In fact, hydrogen usage is growing at a 9.2% annual rate, which will continue through 2025, creating a multi-billion-dollar industry."

Hydrogen Tech stock dynaCERT Inc. (TSX: DYA.TO) (OTCQX: DYFSF) (FSE: DMJ) sees the vision of a hydrogen future and was recently invited by the Government of the Province of Ontario, Canada to participate in the Hydrogen Strategy Working Group of the Ontario Government under the guidance of the Ministry of the Environment, Conservation and Parks.

dynaCERT's product line (currently available world-wide) consists of Hydrogen-on-Demand technology which delivers trace amounts of Hydrogen to lower fuel consumption and carbon emissions of internal combustion engines. Their patented solution uses a proprietary Electroliser designed to be extremely user friendly on transport trucks, mining equipment and generators.

Watch the video: HydraGEN™ Remote Filling Tutorial


From the news: "dynaCERT intends to expand and leverage their expertise and knowledge to form the basis for future decades to advance the Company's goal to adapt its HydraGEN™ Technology to numerous markets, globally. dynaCERT's Hydrogen Electrolisers have gone through a series of transformations to meet the market demand. dynaCERT's existing Alkaline Hydrogen Electrolisers are best suited for non-pressurized hydrogen production up to 500 litres per hour and can be stacked for higher hydrogen demand."

From the news: Gurjant Singh, dynaCERT's Head of Research and Development stated, "dynaCERT's upcoming products such as the Anion Exchange Membrane and the Cation Exchange Membrane Electrolisers will produce pressurized hydrogen to meet the global demand. Pressurized hydrogen will significantly cut down the compression cost making it affordable to use in small- and large-scale applications such as off-grid power supply, fuel cells etc. dynaCERT's smart ECU will enable consumers to control hydrogen production remotely and simplify data management."

From the news:dynaCERT is committed to achieve and participate in net zero emissions goal by 2050. Exponential growth in hydrogen production over the past few years by conventional methods have further impacted the environment adversely. In 2019, more than 550 million tons of Carbon Dioxide were released in the atmosphere because of hydrogen production via Methane Reforming Process. At $50 per ton Carbon Credit, there is potential for more than $27 Billion worth of yearly savings. Carbon Credits remain a huge future revenue stream for dynaCERT with our Patent Pending Carbon Capturing Methodology while capturing credits for the Carbon Saved with our Hydrogen Generating Electrolisers."

dynaCERT Inc. was recently featured in an article '"THE BEST HYDROGEN STOCKS! PLUG POWER, BALLARD POWER, NEL ASA, dynaCERT."

Ballard Power Systems, a long- time leader in the sector also has a vision - "A vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks."

Demonstrating how they have achieved new milestones for a hydrogen fuel cell future, they announced in March "that the Company's proton exchange membrane (PEM) fuel cell technology and products have now powered Fuel Cell Electric Vehicles - or FCEVs - in commercial Heavy- and Medium-Duty Motive applications for an industry-leading cumulative total of more than 75 million kilometers on roads around the globe."

From the news: Dr. Kevin Colbow, Ballard CTO said, "Ballard has industry-leading field experience in powering commercial vehicles, as evidenced by this 75-million-kilometer milestone. Our technology innovation and product programs have benefited immeasurably from these important on-road applications, through which Ballard products experience the full range of vehicle payloads, duty cycles, road conditions, and weather. The results include unparalleled reliability, durability and performance. Ballard is well-positioned to address Heavy- and Medium-Duty Motive applications, including bus, truck, train and marine, just as the global commitment to zero-emission mobility is accelerating. To date, almost 50 countries have launched carbon pricing initiatives, 75 countries have net zero carbon emission targets, and 32 countries - representing over 70% of global GDP - have announced hydrogen roadmaps. Moreover, the total addressable market for zero-emission modules to power commercial vehicles exceeds $130 billion annually."

Also looking to the future, Hyzon Motors Inc., a leading global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, announced that it aims to be among one of the first companies to supply customers with a hydrogen fuel cell truck at total cost of ownership (TCO) parity with diesel-powered commercial vehicles in Europe. With its leading fuel cell technology and incentives available in Europe, Hyzon expects to help customers achieve TCO parity through its alliance with multiple hydrogen infrastructure partners.

From the news: Given the momentum behind hydrogen across Europe, this region is anticipated to lead the roll-out of hydrogen mobility worldwide. As a hydrogen heavy mobility category leader, Hyzon expects to play a significant role in the European Union's transition to hydrogen energy, through its manufacturing base in Groningen, The Netherlands.

As announced on February 9, 2021, Hyzon has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation, a publicly-traded special purpose acquisition company (SPAC) that would result in Hyzon becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions, and is expected to occur in the second quarter of 2021.

Showing how fuel cells can really change the future of clean energy, Bloom Energy announced it has begun to deploy a portfolio of more than 40 megawatts of solid oxide fuel cells in the Northeast through a series of agreements under a Community Distributed Generation (CDG) program, which encourages investment and deployment of clean energy technologies. The initial portfolio of projects is being deployed in New York.

From the news: "The current CDG program incentivizes developers to install clean power generation within the grid distribution network to alleviate stress on the electric grid, decrease harmful greenhouse gas emissions and air pollutants, reduce costs, and enhance energy reliability. Consumers, meanwhile, can purchase cleaner, more affordable and resilient power."

From the news: "In addition to providing cost savings and improving power reliability, Bloom's Energy Servers are expected to reduce carbon emissions by nearly 50,000 metric tons annually compared to the current grid alternative - the equivalent to taking more than 11,000 cars off the road for one year."

Said best on a recent perspective on Medium, "Hydrogen provides the missing link to a completely green economy by allowing society to convert renewable power into a carbon-free commodity at low cost. That's important because hydrogen is a critical integration point between intermittent clean power generation, the entire transportation sector, and the industrial sector. We need this integration to achieve 100% decarbonization."

For investors following renewable energy and hydrogen stocks, visit the directory of publicly traded stocks https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

Visit the Cleantech and Climate Change Podcast page at Investorideas.com

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change , Exploring Mining the AI Eye.

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: dynaCERT is a paid monthly news and publishing client on Investorideas.com. More disclaimer and disclosure info. Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp.

Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android

Sign up for free stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp

Contact Investorideas.com
800 665 0411

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80781

News Provided by Newsfile via QuoteMedia

DynaCERT

DynaCERT

Overview

dynaCERT Inc. (TSX:DYA,OTCQX:DYFSF,FRA:DMJ) is a Canadian company with a global solution to reduce pollution. The company has developed the next generation of carbon emission reduction technology for diesel engines in the global market, providing significant fuel savings to the operator. dynaCERT’s verified HydraGENTMtechnology uses a proprietary electrolysis system to turn distilled water into hydrogen and oxygen gases on demand.

HydraGENTM is currently sold in North America and Europe for use in on-road applications and diesel generators. Third-party validated testing results show that HydraGENTM is a unique technology with the ability to reduce greenhouse gas emissions by up to 50 percent and enhance fuel efficiency by up to 19.2 percent for diesel engines of all sizes. The company’s strategy is to expand internationally while developing numerous applications of its HydraGENTM technology in multiple vertical markets.

dynaCERT has established a unique and diversified team around the world, in different jurisdictions, aimed at numerous vertical markets,” said dynaCERT President and CEO Jim Payne. “We have prepared for a future of our proud Canadian company based in Toronto to market its revolutionary technology around the world.”

dynaCERT’s 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 equipment, forestry equipment, marine vessels and railroad locomotives. Through partnerships with industry leaders, major corporations and government bodies, dynaCERT is strengthening its position in the trucking industry while expanding into the light truck, rail, marine and stationary generator markets.

In April 2018, dynaCERT started the Type Approval under Transport Canada and Lloyds Register policies for equipment on marine vessels under the Safety of Life at Sea rules and regulations.

dynaCERT is also targeting the global mining industry as a key market for its technology. HydraGENTM Technology recently earned approval for underground mining applications in Canada. The mining industry is highly dependent on diesel fuel at a time when many mining firms are looking for ways to be more environmentally sustainable. The company showcased HydraGENTM technology at the 2019 Prospectors and Developers Association Convention (PDAC), one of the world’s largest mining conferences.

dynaCERT is gaining a foothold in the European market with the establishment of a wholly-owned company, dynaCERT GMBH, in Germany. TUV NORD and TUV SUD testing and certification were completed in 2018 and the company recently received its KBA Homologation certification. dynaCERT has secured a dealer in Scotland to distribute the HydraGENTM product line across the UK, and has launched a pilot project in Austria to demonstrate emissions reductions from government diesel-powered vehicles.

In Germany, dynaCERT has partnered with Mosolf SE & CO. AG under an MOU that includes a HydraGENTM technology dealer agreement and a purchase order for 1,000 units in 2020. MOSOLF and its subsidiaries will serve as HydraGENTM dealers with the rights to sell and install the technology throughout the European Union. MOSOLF intends to market the technology to the federal and local government entities in Germany. Due to strong demand, dynaCERTshipped the first of one hundred HydraGENTM units to MOSOLF in November 2019, ahead of the 2020 schedule.

In India, the company already has received iCat certification, earned firm orders, signed LOIs with two provinces and through its dealers is continuing in talks with governments of India about the ways dynaCERT’s technology can help address the nation’s major air pollution problems. In the Middle East, the company has established relationships with distributors in the key markets of Dubai and Israel.

dynaCERT has also established a presence in Mexico, through its partner KarbonKleen Inc. To date, KarbonKleen has ordered 400 HydraGENTM units for its clients who supply trucking equipment to the largest labor union in Mexico.

Company Highlights

  • Patented HydraGENTM technology system supplies engines with pure hydrogen and oxygen gases to generate a cleaner, more efficient burn.
  • Third-party validation and testing results show greenhouse gas emissions reduction up to 50 percent and fuel savings up to 19.2 percent.
  • Award-winning technology, including 2019 German Innovation Awards for Energy Solutions; first prize at the 2019 Mining Cleantech Challenge in Colorado, Top Gold Award in 2018 Edison Awards for Vehicle Advancements and 2019 Gold Certificate Award from the European Society for Quality Research.
  • Advancing into European, South Asian and Middle Eastern markets.
  • dynaCERT has received approval to market, sell, install and use its HydraGENTM technology in Germany and throughout the European Union.
  • Global-scale carbon credit market strategy.
  • Establishing market presence in the mining industry with first significant agreement with an original equipment manufacturer.
  • HydraGENTM Technology recently earned approval for underground mining applications in Canada.
  • R&D facility for large stationary power generator, marine and rail markets.

Key Projects

Key Technology: HydraGENTM

Delivering carbon emission reduction technologies and cutting-edge solutions for a global market.

dynaCERT’s HydraGENTM system is a portable, safe and reliable aftermarket technology that uses distilled water to produce hydrogen and oxygen gases on demand for use in internal combustion engines. The HydraGENTM has the ability to adjust to various concentrations of hydrogen and oxygen mixtures to calibrate the perfect formula for specific engine types, maximizing benefits. The technology is designed with safety features that ensure hydrogen is never stored within the unit nor on board a vehicle.

The system includes a smart electronic control unit (ECU) that reads, collects and stores data pertaining to fuel efficacy and emissions. dynaCERT’s Smart ECU can interface with the onboard computer of any engine and can be remotely accessed by both the company and end-users, allowing for the monitoring of fuel savings, carbon credits and GPS tracking.

“Our team, led by a former RIM technology expert, has developed a smart ECU that is constantly learning, gathering analytics, and using algorithms to modify the flow of gases depending on the condition variables—climate, altitude, hills, torque, humidity, etc.—to find the sweet spot,” said Payne. “That is something that certainly separates us from anything else in the market.”

In May 2019, dynaCERT announced it had received a US patent for its SMART ECU and a second patent in August 2019.

“My team and I worked diligently to build the SMART ECU as a first step to be able to control the HydraGENTM Technology products,” said dynaCERT Senior Technical Advisor David Bridge. “This patent firmly establishes dynaCERT as a Canadian innovator in the field of carbon emission tracking and carbon credit solutions.”

Introducing hydrogen into the air intake of a diesel engine creates a cleaner, more efficient burn.

Conventional emission control solutions treat engine exhaust gases after the burn, at the expense of power and fuel economy. The HydraGENTM system treats toxic emissions at the source.

Benefits of the technology include:

  • increased fuel economy
  • increased torque
  • extended engine oil life
  • significant reduction in carbon emissions

dynaCERT announced lab test results for its HG1 unit for class 8 trucks in November 2016. After 20-plus hours of testing, the Automotive Centre of Excellence (ACE) verified HydraGENTM fuel savings and emissions reductions.

“The HydraGENTM’s capability to reach up to 50 percent in the reduction of greenhouse gases and over 19 percent in fuel savings met and exceeded our expectations. Trucks equipped with the HydraGENTM unit can reduce particulate matter by over 65 percent, significantly reducing the black smoke being emitted into the environment,” Payne stated.

In October 2016, dynaCERT also took possession of a new 8,000-square-foot facility. The lease expansion provided the capacity to produce 2,000 HydraGENTM units per shift monthly, at a retail price of US$8,750 or US$10,000 once installed.

In August 2019, dynaCERTlaunched its HydraGENTM HG2 line. The HG2 units are smaller and provide similar advantages to the HG1 model. The HG2 unit is ideal for use in smaller diesel engines used in buses, class 2 and class 7 vehicles, refrigerator trailers and containers, mobile construction equipment, small generators and smaller trucks typically found in Europe and India.

Diesel Trucking Market

Carbon emission reduction and increased fuel economy are the HydraGENTM’s two most critical features for the transportation industry of today and tomorrow.

The US trucking industry represents an estimated 15.5 million trucks with an average of 192,000 new trucks sold each year and accounts for nearly 13 percent of the nation’s total fuel consumption. Fuel is the number one largest fixed cost for the trucking industry.

dynaCERT,’s initial HydraGENTM unit design is targeted at transport trucks and is capable of delivering three liters per minute. The system is powered directly from the vehicle’s power system for high electrical efficiency. The water reservoir and the rest of the system is contained in a lightweight, impact-resistant, Kraton-modified ABS cabinet that is mounted to the outside of the vehicle.

While initial production is expected to focus on sales to the trucking industry, the company is also poised to become a major supplier of carbon emission reduction technology to the automotive, light-truck, rail, marine and off-grid power sectors.

Fleet management system and application

In December 2016, dynaCERT retained Nektar Data Systems, an international fleet management systems consulting group, to create a fleet management system capable of providing real-time tracking, monitoring, analysis and reporting from data collected by the dynaCERT Smart ECU. Using a portal fully controlled and managed by dynaCERT, HydraGENTM technology users can view their performance in real-time.

To supplement its HydraGENTM technology, dynaCERT has launched a vehicle telematics device software called HydraLyticaTM, which provides easy access to fuel savings and carbon emission reduction reports. The telemetry device allows the company, its dealers and clients to monitor truck engine performance, diesel fuel economy and carbon emission reductions. the calculated savings of diesel and carbon emissions as a truck is traveling. HydraLyticaTM is expected to provide the company with proof to the market that the HydraGENTM technology works as stated.

dynaCERT is working with world-renowned data security software company, Cosario Limited to ensure user privacy with its HydraLyticaTM software. Cosario’s management team were pioneers in the same critical data security software which is now used in international payments systems such as Apple Pay and PayPal. By ensuring data security, dynaCERT can stay compliant with the data privacy laws including the European Union’s General Data Protection Regulation.

Carbon Credits

In March 2019, dynaCERT initiated carbon credit applications for its HydraGENTM technology. It is estimated that a Class 8 truck traveling long haul routes can generate up to $1,500 euros per year (C$2,278 per year) in carbon credits based on the current market price of $15 euros per tonne of carbon dioxide. dynaCERT’s goal is to create a world-wide program to enable any earned carbon credits to be shared with end-users of its HydraGENTM technology under a contractual subscription program.

dynaCERT’s innovative proprietary software algorithms in its SMART ECU2 can track the creation of carbon credits. The company has added successful fintech entrepreneur Brian Semkiw to its advisory board. Semkiw recently engaged his organization, 3rdGP, to further develop software that will enable the tracking of carbon credits generated by dynaCERT’s HydraGENTM technology. 3rdGP is the world’s first third-generation processing payments company with an emphasis on blockchain and IoT payments processing solutions.

Large stationary power generator, rail and marine markets

dynaCERT has designed a 300 liter per minute HydraGENTM unit for use in large stationary power generation combustion engines for the utilities, rail and marine industries. Nearly three-quarters of installed generating capacity in the Caribbean is diesel-engine based. Wartsila engines are commonly used on transport shipping vessels. Outfitting just one cargo ship could generate close to $1 million in sales. Globally, there are more than 90,000 commercial cargo ships in operation today.

dynaCERT is currently in discussions with mining producers operating globally to employ the HG145-6C technology on their equipment, machinery and mine-site generating stations. The HG145-6C is a multi-cell unit developed by dynaCERT for installation on larger diesel engines used in heavy industry, construction, ships, rail, mining, oil and gas and stationary generators world-wide.

Through its dealer, H2 Tek, the company received an initial order for three HG145-6C large engine HydraGENTM technology products from an international leader in mining for deployment in a large Brazilian open-pit mine as well as another mining company in Argentina. The client is looking to reduce its environmental footprint by reducing the greenhouse gas emissions of its fleet of mining trucks and equipment. H2 Tek is currently in discussions with over 20 large mining companies operating in Chile, Peru, Argentina, Brazil, Mexico and the US to further develop a market for dynaCERT’s technology.

In April 2019, dynaCERT entered into an agreement with Total Equipment Services Inc. (TES), an underground mining equipment manufacturer. It is the company’s first significant agreement with an original equipment manufacturer. TES has become a dealer of dynaCERT’s HydraGENTM technology and is expected to market dynaCERT’s HG145 products to its clients in Canada. The companies are also expected to work together to create new markets for dynaCERT’s products and integrate HydraGEN™ technology with equipment manufactured by TES. In November 2019, TES has launched a user case study involving a comprehensive analysis that will track the effectiveness of the HydraGENTM Technology in underground mining operations by measuring the changes in emissions and fuel economy.

KarbonKleen Partnership

In July 2019, dynaCERTreceived an initial purchase order for 100 HydraGENTM HG145B units from KarbonKleen. Prior to the purchase order being placed, KarbonKleen had partnered with Alliance Holdings Group, which supplies trucking equipment to one of the largest labor unions in Mexico.

Shortly after the initial order was secured, KarbonKleen placed an order for an additional 300 HG145B units and provided end-users of dynaCERT ‘s technology with a compelling financing alternative. The new financing alternative falls under a monthly subscription service that KarbonKleen has agreed to facilitate.

Customers who sign onto a two-year subscription through one of the company’s dealers are eligible for the KarbonKleen money-back guarantee if their registered trucks drive at least 5,000 miles (8,047 kilometres) per month. If dynaCERT’s technology doesn’t save the client more than its subscription price, KarbonKleen indicates that it will refund the subscription cost.

In November 2019, dynaCERTcompleted the delivery of the first one hundred and fifty HydraGENTM Technology Units to KarbonKleen for installations in Mexico. KarbonKleen’s clients span five different trade unions under the Confederation of Mexican Workers (CTM), the largest trade union federation in the country. Together these unions control 1 million trucks used for a variety of types of shipments including trans-border to the USA.

“At KarbonKleen, we are very pleased that such a large organization as CTM has placed their confidence in our companies and the HydraGENTM Technology, including our ability to deliver in a timely manner. Such an important project will result in significant fuel savings for workers in Mexico as well as provide a front-line offensive against the grave pollution problem crippling Mexico City, ” said Brian Semkiw, CEO of KarbonKleen.

Management Team

Jim Payne - President, CEO and Director

Jim Payne has successfully built and managed his own private companies for more than 38 years. He has years of experience in accounting, business leadership, and the legal aspects of governance. With a strong leadership presence, Payne is leading dynaCERT in a way that has helped to streamline corporate activities, generate growth, form new partnerships, and bring the corporate vision to a reality. Payne also serves as CEO of his privately held consulting, project management and real-estate development company, operating in the GTA and surrounding areas. He graduated from St. Clair College in Construction Engineering, Project Management and Estimating in 1974.

Wayne Hoffman - Chairman

Wayne Hoffman has served as a member of the Corporation’s Business Advisory Committee since October 2007. He is a Chartered Accountant and business executive with one of America’s finest companies, Deere & Company, a corporation that is customer driven and places a heavy emphasis on quality and teamwork. He served as Vice-President, Finance at John Deere Limited for 25 years and President of John Deere Credit for over 8 years. As well, Hoffman spent two years in Deere & Company’s Business Development Dept. responsible for mergers and acquisitions.

Carmelo Marrelli - CFO

Carmelo Marrelli is a Chartered Professional Accountant (CPA, CA, CGA) and serves as Chief Financial Officer of a number of other Canadian public companies including some listed on the Toronto Venture Exchange and the Toronto Stock Exchange.

Enrico Schlapfer - VP Global Sales

Being Swiss, it is without question that Enrico Schlapfer is a winter sports enthusiast. He has learned there is no such thing as “I can’t” by implementing winter snow sport in the paraplegic and mentally handicapped community. As a result, he brings forward the same mentality “nothing is impossible” to his business protocol. He is a seasoned brand development, sales and marketing professional with over 20 years of experience in multiple industries. His exposure to various business cultures, widely divergent professionals and his fluency in five languages ensures his comfort level in global sales. Before devoting his work full-time to dynaCERT Inc., Sclapfer has had key sales positions in prestigious companies such as Nestle, Traxdata and Targus. In addition, he has served as Sales director and COO in WorldConnect in which he was a business partner.

Khoa Tran - Director of Finance

Khoa Tran, B.A., has over 20 years of financial reporting and accounting experience. This includes over 15 years in management positions in world class global businesses for manufacturing and service environments. He has expertise in cost accounting, financial analysis and reporting, variance analysis and government reporting. Mr. Tran was previously the Director of Finance for a mid-sized manufacturing company and Controller for various mid-sized and Fortune 500 automotive and manufacturing companies with international offices.

Jean-Pierre Colin - Director & Corporate Secretary

Jean-Pierre Colin is a consultant to high-growth publicly listed companies. He has been a recognized senior securities industry executive and effective investment banking professional providing financing and mergers and acquisitions services to numerous prosperous issuers in Canada. As a result of his extensive financial background throughout his career, he has been called to lead teams of corporate finance professionals at national securities dealers, such as Richardson Greenshields, JP Colin Securities, Deacon Capital, Octagon Capital and Desjardins. He has also served as a high-profile corporate board director and C-suite executive of numerous public companies, often chairing audit committees, compensation committees and corporate governance committees, including with Premier Gold Mines; Wolfden Resources, sold to Zinifex for over $350 million; Virginia Gold whose Eleonore property was sold to Goldcorp for over $ 1 billion; and, Pelangio Mines, the former controlling shareholder of Detour Gold, one of Canada’s largest gold mining operations. Mr. Colin holds a DCS from McGill University where he studied Biology & Engineering, an MBA from the University of Western Ontario, a Law Degree from the University of Ottawa and also practiced corporate law prior to his investment-banking profession

Dr. Richard Lu - Director

Dr. Richard Lu has more than 25 years of global experience developing and implementing business strategies for organizations in North America, Europe and Asia. He has extensive experience in the energy industry. He was the President of Sky Solar (Canada) Ltd., and a Managing Director at Sky Solar Holdings Co., Ltd. Dr. Lu was the VP of Business Development at ARISE Technology Corporation, where he was instrumental in securing its long-term supply chain funding of close to $1 billion dollars. He also previously held the position of Chief Conservation Officer and VP of Toronto Hydro Corporation, where he developed and executed a sweeping portfolio ($110 million) of Conservation, Demand Management and Distributed Energy programs and was instrumental in creating an energy conservation culture in Ontario. Prior to that he was the Vice-President of Environment, Health and Safety, ensuring Toronto Hydro Corporation’s commitment to providing a safe and healthy workplace for employees and the strategies for achieving sustainable development and growth are successfully met. Lu has held senior positions with Enbridge Gas Distribution, Husky Injection Molding Systems Ltd., and Dillon Consulting.

Ronald Perry - Director

Ronald Perry serves as Vice-President of Metanor Resources and has been its Treasurer and a Director since March 2007. Perry has over 35 years of accounting, financial and entrepreneurial business experience in high technology, venture capital and merchant banking companies. Since the year 2000, he has been the Founder and serves as President of Briolijor Corporation, a financial consulting company to both private and public corporations. Perry has been involved in all facets of business including statutory reporting, internal controls, legal aspects as well as all administrative responsibilities. He serves as a Director of Manitex Capital Inc. and was a Director of Pinetree Capital. Perry is a Chartered Accountant and holds a Bachelor of Commerce in Accounting and Business Administration from the Concordia University. He also has a Graduate Diploma in Accountancy from the Concordia University.

Dr. Elliot Strashin - Director

Dr. Elliot Strashin brings with him a wealth of experience across a number of industries. His involvement with public mining companies began with Maple Minerals from 1996 to 2001, where he served as a director. In April of 1999, he joined the board of Canadian Golden Dragon Resources as Corporate Secretary and became President and CEO in January of 2000. He continues to serve Dragon under its new name, Trillium North Minerals, as CEO and President. Dr. Strashin is also CEO and President of Strashin and Sons Limited, a private real estate development company that specializes in LEED1 certified, green building. dynaCERT’s plant and offices are located in one of these buildings. In keeping with his green focus, Dr. Strashin has also involved himself in green technologies as a co-founder of Ellsin Environmental Ltd., which has built a prototype tire recycling plant in Sault Saint Marie and is a wholly-owned subsidiary of Environmental Waste International Inc. He is also a 50 percent shareholder and CFO of Puma Hydrocarbons, a company whose purpose is to promote and generate sales for green technologies, including dynaCERT products.

Rebecca Hudson -Director

Rebecca Hudson is Chartered Professional Accountant (Chartered Accountant Designation) and Founder of SOOP Bags Inc. which design and produce zero-waste products aimed to replace single-use plastics. She is also CFO of Nova Mentis Life Science Corp. and Andean Drilling Services and consults for Grove Corporate Services. She has served in numerous CFO and Controller or finance positions of companies such as Royal Nickel Corporation, TerrAscend Corp., Hornby Bay Mineral Exploration Ltd., Wabi Exploration Inc., Claim Post Resources Inc., Barkerville Gold Mines Ltd., Lithium One Inc., Royal Road Minerals Limited, Explorator Resources Inc. and IAMGOLD Corporation, among others. She holds a Masters of Accounting (MAcc) degree and a Bachelor of Arts (BA), Concentration in Accounting from the University of Waterloo.

Clark Kent -Director

Clark Kent is a capital markets professional with extensive experience leading corporate development and finance initiatives in the natural resources, technology and life science industries. Clark began his career with a boutique investment firm where he focused on client relations and marketing. For over a decade he has advised emerging companies on strategic planning, finance, and recruitment in the North American and international marketplace. Since January 2018 Clark has served as President of Scryb Inc., a company featuring cybersecurity software and Artificial Intelligence.

Graphene Manufacturing Group

GMG and Rio Tinto to Explore the Use and Development of GMG's Energy Saving Products and Graphene Aluminium-Ion Battery

Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG and Rio Tinto Group ("Rio Tinto") have signed a non-binding agreement to collaborate on energy saving and storage solutions. Together, GMG and Rio Tinto will explore the use of energy saving products in Rio Tinto's operations, explore working together to support GMG's development of Graphene Aluminium-Ion ("G+Al") batteries, and collaborate on mining and other industrial applications.

Under a non-binding term sheet, GMG and Rio Tinto will:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

STEER Announces Rollout of its Delivery as a Service Offering with 200 + Small and Medium Businesses

 Facedrive Inc. (" STEER " or " the Company ") (TSXV: FD) (OTCQX: FDVRF), an integrated ESG technology platform, is pleased to announce it has successfully rolled out its Delivery as a Service (" DaaS ") offering with over 200 small and medium businesses (" SMBs "), and is now marketing such services to large big box retailers. STEER's DaaS offering provides a last mile logistics solution for retailers to offer just-in-time deliveries to end-users. The Company expects the DaaS platform to be a key element of its business and a valuable driver of ESG data, reporting and analytics.

DaaS by STEER (CNW Group/Facedrive Inc.)

STEER's DaaS offering has demonstrated operational success, with over 200 local merchants in the Greater Toronto Area and a 99% on-time delivery rate. The Company has also seen many of its customers transition from a hybrid to a full-time arrangement with STEER. Following its success with smaller local vendors, STEER's DaaS offering is being promoted to big box retailers, some of whom have also expressed an interest for the offering. The Company feels its ESG value proposition, powered by its proprietary EcoCRED carbon offset analytics platform, sets the STEER DaaS offering apart from competitors. In particular, EcoCRED's capabilities to capture, analyse and report on key ESG data can appeal to socially-responsible brands and larger retailers, who are increasingly conscious of environmental tracking and reporting protocols.

The global Delivery as a Service market, valued at USD 18.7Bn in 2020, is expected to grow at 18.9% CAGR for the period 2021-2027 1 , making it one of the high-growth sectors in today's global economy. This growth has been accelerated by the global impact of the COVID-19 pandemic and goes beyond food deliveries, spanning nearly all categories of consumer products.  This megatrend presents qualified providers like STEER with a potentially-lucrative opportunity to increase market presence and significantly increase revenues.

STEER's DaaS offering leverages the assets and technology developed by the Company through its existing on-demand offerings. Specifically, introduction of DaaS enables the Company to draw on its tech stack, operational expertise, and its existing infrastructure—including drivers—to deliver a nimble, agile, cost efficient, and customizable product. STEER's tech-driven delivery management software integrates directly with the merchant's Point of Sale (" POS ") solution and provides visibility, KPI controls and data processing. Moreover, STEER leverages its built-in data science algorithms to analyse daily demand cycles for each individual offering and to streamline resource allocation. In the future, this data will be utilized to identify cross-selling opportunities within the STEER platform and provide customers with analytics, metrics and data that quantify their carbon reduction efforts.

STEER's DaaS offering also capitalizes on synergies with its existing on-demand services through a shared driver fleet. For drivers, this means potentially higher earnings through an additional revenue stream, minimized idle time, and the convenience of managing fewer apps on their phone. For the Company, introduction of the DaaS functionality results in greater operational efficiencies through unified driver acquisition, training and optimized marketing spend across the platform. The Company feels these operational efficiencies will translate into economies of scale as STEER's DaaS onboards more vendors and launches operations in new geographies.

"Delivery as a Service represents a natural evolution for our Company. Having built significant assets and expertise in the mobility and food delivery segments, it is important for us to leverage our existing assets to enter a growing market space. It allows us to grow incremental revenues in the near future while not increasing costs at the same rate. We have confirmed the demand during our launch with over 200 small and medium vendors and are now focused on large retail customers. With the launch of DaaS, STEER's vision of creating a one-stop shop ecosystem for an environmentally-conscious B2C and B2B consumer has come a step closer to fulfilment", said Suman Pushparajah , Chief Executive Officer.

________________________________
1 https://www.globenewswire.com/news-release/2021/09/02/2290996/0/en/Last-Mile-Delivery-Market-is-Expected-to-Reach-to-USD-62-7-Bn-with-CAGR-of-18-9-by-2027.html

About the Company

STEER is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The Company's goal is to build a one-of-a-kind system that aggregates conscientious users, through a series of connected offerings, and enables them to buy, sell, or invest with the same platform, STEER. The Company's offerings generally fall into two categories: subscription-based offerings led by its flagship electric vehicle subscription business, Steer EV, and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service (DaaS) and rideshare businesses. The Company's platform is also powered by EcoCRED, its big data, analytics and machine learning engine which seeks to capture, analyse, parse and report on key data points in ways that measure the Company's impact on carbon reductions and offsets.

For more about the Company, visit www.facedrive.com .

STEER
100 Consilium Pl, Unit 400
Scarborough , ON
Canada M1H 3E3
www.facedrive.com

Forward-Looking Information

Certain information in this press release contains forward-looking information, including with respect to the Company's business, operations and condition, management's objectives, strategies, beliefs and intentions, and the company's forward plans to rebrand. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events, such as those pertaining to the Company's next step launch with big box retailers, may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.

See "Forward-Looking Information" and "Risk Factors" in the Company's Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2021 (filed on SEDAR on may 2, 2022 ) and its interim MD&A for the period ended September 30, 2021 (filed on SEDAR on November 29, 2021 ) for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

STEER Logo (CNW Group/Facedrive Inc.)

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/steer-announces-rollout-of-its-delivery-as-a-service-daas-offering-with-200--small-and-medium-businesses-301547644.html

SOURCE Facedrive Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/16/c1734.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
dynaCERT Invited to Present at the International Investment Forum

dynaCERT Invited to Present at the International Investment Forum

dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) (" dynaCERT " or the "Company") is pleased to announce that dynaCERT will be presenting at the third International Investment Form ("IIF") on May 19 th , 2022.

Jim Payne, CEO of dynaCERT , will be presenting at 10:00 am EST on May 19 th , 2022.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Nano One

Nano One Provides Quarterly Progress Update and Reports Q1 2022 Results

Nano One® Materials Corp. (TSX: NANO) (OTC Pink: NNOMF) (FSE: LBMB) ("Nano One" or the "Company") is a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries. Nano One has filed its financial results and operations overview for the first fiscal quarter ended March 31, 2022 and is pleased to provide the following highlights from Q1 2022.

Q1 Highlights and Headlines

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Greenlane Renewables Announces First Quarter 2022 Financial Results

Greenlane Renewables Announces First Quarter 2022 Financial Results

~Company reports its second highest quarterly revenue, Q1 growth of 33% over Q1 2021~

Greenlane Renewables Inc. (" Greenlane '' or the " Company ") (TSX: GRN) (FSE: 52G) (OTC: GRNWF) today announced financial results for the first quarter ended March 31, 2022 . For further information on these results please see the Company's Condensed Consolidated Interim Financial Statements and Management's Discussion and Analysis filed on SEDAR at www.sedar.com . All amounts are in Canadian dollars unless otherwise stated and in accordance with IFRS.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
American Manganese Reschedules Shareholder Meeting

American Manganese Reschedules Shareholder Meeting

American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("AMY" or the "Company") has rescheduled its annual general and special meeting of shareholders (the "Meeting") to July 8, 2022, at 11:00 a.m. Further details on the meeting will be contained in a new Notice of Meeting and the management information circular that will be mailed to shareholders and filed on SEDAR

About American Manganese Inc.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×