Welcome!

News Feed Item

dynaCERT Announces Non-Brokered Private Placement, Updates Re Caribbean Pilot Project, Other Testing and Negotiating Activities

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/15/14 -- dynaCERT Inc. (TSX VENTURE: DYA) ("dynaCERT" or the "Corporation") announces a non-brokered private placement (the "Offering") for aggregate gross proceeds of up to $500,000 and provides further updates on its Caribbean Pilot Project, testing and data sharing agreements and ongoing negotiations via its partner, AltEnergy Advisors Inc.

Private Placement Offering

Under the Offering, the Corporation will offer a total of 5,000,000 units (each, a "Unit") at price of $0.10 per Unit. Each Unit will be comprised of one common share in the capital of the Corporation (each, a "Common Share") and one-half of one (1/2) common share purchase warrant (each, a "Warrant"), with each whole Warrant being exercisable into one Common Share at a price of $0.15 for a two year period from the date of issuance. The Warrants will include an acceleration clause to the effect that if at any time after four (4) months and one (1) day following the issuance of the Warrants, the closing trading price of the Common Shares on the TSX Venture Exchange (the "Exchange") is greater than Cdn$0.30 per Common Share for a period of ten (10) consecutive trading days, then dynaCERT may give notice to the holders of Warrants of its intention to force the exercise of the Warrants, following which the holders thereof shall have a period of 30 days to exercise the Warrants, failing which the Warrants will automatically expire. The proceeds of the Offering will be used for daily operations, research and development. To date, the Corporation has received subscriptions in the aggregate amount of $150,000 from three separate subscribers, including a subscription from the President and CEO of the Corporation for 500,000 Units. Closing of the Offering is subject to receipt of approval from the Exchange and is expected to occur in one or more tranches.

Caribbean Pilot Project

As announced via the Corporation's press release dated December 6, 2013, and most recently updated on February 4, 2014, Phase 1 of the Corporation's pilot project in the Caribbean was initiated on December 9, 2013. It was originally anticipated that the Phase 1 testing would last approximately 4 weeks; however that timeframe was altered due to mechanical difficulties with the generator's engine (unrelated to dynaCERT's product and service). Repair of the engine has been completed now. Baseline data is being collected and Phase 1 of the Pilot Project is expected to resume by approximately the last week of April 2014.

Testing and Data Sharing Agreements

Enermek - As noted in the Corporation's press release dated February 4, 2014, the Corporation entered into an agreement with Enermek (a private equity company that focuses on providing environmental solutions and energy savings in the Latin American market) for testing of the Corporation's HydraGen™ technology on two Class 8 trucks with Cummins engines and sent product development and technical personnel to Chile in late January 2014. The foregoing agreement contemplated that following the initial testing period; the test protocol could be extended to collect further data. Accordingly, the test protocol period has been extended for an additional 90 days, during which third party testing, in partnership with a Colombian Academic Institution, will be conducted with the truck on a dyno to further validate both emission and fuel savings. The Corporation will be setting up the protocol for this test and assisting with the H2 and O2 injection set-up.

In connection with this ongoing relationship with Enermek, the Corporation is pleased to announce that the Corporation and Enermek have proceeded with the execution of an Agency/ Consultancy agreement. The foregoing agreement appoints Enermek as one of dynaCERT's non-exclusive agents to represent the HydraGen™ technology. The foregoing agreement is for a term of five (5) years (renewable for an additional five (5) years thereafter) and appoints Enermek as a non-exclusive selling agent of dynaCERT, which enables Enermek to represent dynaCERT's products, purchase wholesale products, obtain volume discounts, etc. The Agency/Consulting Agreement is non-exclusive, however Enermek may identify named customers from time to time, in respect of which they shall have exclusive negotiating rights for a period of six months following acceptance by dynaCERT. Enermek along with dynaCERT looks forward to the opportunity of offering this Product Suite to potential new clients in South America.

TTSI

As announced in its press release dated February 4th, 2014, the Corporation has provided and assisted in the installation of a HydraGen™ unit on a 2003 Peterbuilt Class 8 truck through Total Transportation Services Inc. ("TTSI"). TTSI is headquartered in Rancho Dominguez, California, and operates trucking and shipping of containers via multiple deep water ports throughout the United States. Testing and on-going data collection continues.

AltEnergy / China Testing

Further to the Corporation's agreement with AltEnergy Advisors Inc. ("AltEnergy") (as most recently referenced in the Corporation's press release dated February 4, 2014), negotiations are continuing in connection with the potential purchase and sale of either or both the right to manufacture the HydraGen™ in China and/or the right to distribution of the HydraGen™ in China for on road transportation applications (or, alternatively, the entering into of "licensing agreements" whereby manufacturing of the product would take place internationally, in which instance dynaCERT would maintain control and distribution of proprietary and Intellectual Property to third parties). Though discussions are continuing, no agreements have been entered into at this stage, nor have any principal terms been agreed upon. Further updates concerning such negotiations and activities will be provided as they occur and become material to the Corporation.

About dynaCERT Inc.

dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. Our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these additives through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is currently in use with on-road applications. More information can be found at www.dynacert.com.

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 periodic updates of results, testing programs and results, negotiations with third parties concerning potential business transactions, and the timing of certain going forward projects. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, paneli...
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...