Welcome!

News Feed Item

dynaCERT Provides Operational Update and Announces Extension to Non-Brokered Private Placement

TORONTO, ONTARIO -- (Marketwired) -- 06/20/14 -- dynaCERT Inc. (TSX VENTURE:DYA) ("dynaCERT" or the "Corporation") provides the following updates:

Testing and Data Sharing Agreements TTSI

As announced in the press release dated April 15th, 2014, the Corporation had provided and assisted in the installation of a HydraGen(TM) unit on a 2003 Peterbuilt Class 8 truck through Total Transportation Services Inc. ("TTSI") headquartered in Rancho Dominguez, California. After four months of on-going testing and data collection, TTSI has satisfied itself with respect to its analysis of fuel savings and is currently waiting for testing by an accredited, 3rd party testing facility to validate reduced toxicity of emissions.

Caribbean Pilot Project

dynaCERT announces that it has concluded phase 1 testing of the pilot project of the HydraGen technology with a stationary power generator in the Caribbean.

Phase 1 objective was testing and data collection that measures the performance characteristics of a

9R32 Wartsila generator with the induction of hydrogen and oxygen at varying concentrations, compared to baseline performance.

All the base line and testing data relating to fuel consumption and engine emission profile,completed by GSA-Lab a chemical and environmental lab based in the Dominican Republic, have now been received and are being evaluated by dynaCERT staff and two additional independent engineers, collectively. A full report defining fuel and toxic gas reductions is being compiled and will be forwarded to all related parties in the Caribbean for review. Updates concerning next phases will be announced upon approval.

Acquisition of Technology

As announced on February 28, 2014, dynaCERT Inc. executed a Letter of Intent to acquire ownership of the technology that underlies its principal product, the HydraGen(TM). At present, the Corporation has an exclusive unrestricted, worldwide license to manufacture and market the Technology, in respect of which it pays a royalty fee of 6% of the net invoice price of such product sales. Under the LOI, the Corporation will acquire the Technology (including all patents, patents pending, intellectual property, etc.) for a purchase price of $750,000. The foregoing price shall be paid out of the sales of HydraGen(TM) units, with 50% of the profits from such sales being paid to the vendor and attributed to the purchase price.

The LOI is non-binding and is subject to being superseded by a formal purchase and sale agreement, which is expected to be executed and closed next quarter.

Appointments to Advisory Board

dynaCERT is pleased to announce the appointments of Dean Ross and Gerald Solensky Sr to its Advisory Board.

Mr. Ross is a retired Mechanical Engineer (University of Toronto) with 30+ year experience as Project Manager and Manager of mechanical engineering, mining and metallurgical consultants. Mr. Ross brings years of experience working with large diesel generators throughout northern Canada to optimize both fuel efficiencies and toxic gas reductions, as well as serving as Chairman of Hope Township LLRW ad hoc Committee and in the Hope Township Environmental Advisory Committee.

Mr. Solensky has been a professional engineer in structural mechanics, mechanical engineering and strategic planning/development of R&D programs for almost 40 years. Over that period of time, he has been intimately involved in a wide range of manufacturing programs, including but not limited to projects in the automotive sector. More specifically, he has been involved in such R&D programs as the Stealth Program for Northrop Technologies.

James Payne, CEO, gives a warm welcome to these gentlemen, their years of experience and expertise that they bring to our growing team of collective intelligence.

Private Placement Extension

dynaCERT also announces that the TSX Venture Exchange is granting the Corporation an extension until July 17, 2014 to close its previously announced non-brokered Private Placement (the "Offering") of up to 5,000,000 units (each, a "Unit") at price of $0.10 per Unit, for aggregate gross proceeds of up to $500,000. The proceeds of the Offering will be used for research and development, retirement of outstanding liabilities and for general working capital purposes.

Each Unit will be comprised of one common share in the capital of the Corporation and one-half of one common share purchase 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 months and one 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 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.

About dynaCERT Inc.

dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. This 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. This 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 the negotiation of a formal purchase and sale agreement in connection with the acquisition of the Technology and upcoming phases of the Caribbean Pilot Project. 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

Contacts:
dynaCERT Inc.
James Payne
President and CEO
(416) 766-9691
[email protected]

dynaCERT Inc.
Investor Relations
[email protected]
www.dynacert.com

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
SYS-CON Events announced today that Cedexis will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Cedexis is the leader in data-driven enterprise global traffic management. Whether optimizing traffic through datacenters, clouds, CDNs, or any combination, Cedexis solutions drive quality and cost-effectiveness.
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
SYS-CON Events announced today that Suzuki Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Suzuki Inc. is a semiconductor-related business, including sales of consuming parts, parts repair, and maintenance for semiconductor manufacturing machines, etc. It is also a health care business providing experimental research for...
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 21st Cloud Expo, Lennart Frantzell, a Developer Advocate with IBM, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing devel...
Cloud-based disaster recovery is critical to any production environment and is a high priority for many enterprise organizations today. Nearly 40% of organizations have had to execute their BCDR plan due to a service disruption in the past two years. Zerto on IBM Cloud offer VMware and Microsoft customers simple, automated recovery of on-premise VMware and Microsoft workloads to IBM Cloud data centers.
Why Federal cloud? What is in Federal Clouds and integrations? This session will identify the process and the FedRAMP initiative. But is it sufficient? What is the remedy for keeping abreast of cutting-edge technology? In his session at 21st Cloud Expo, Rasananda Behera will examine the proposed solutions: Private or public or hybrid cloud Responsible governing bodies How can we accomplish?
Real IoT production deployments running at scale are collecting sensor data from hundreds / thousands / millions of devices. The goal is to take business-critical actions on the real-time data and find insights from stored datasets. In his session at @ThingsExpo, John Walicki, Watson IoT Developer Advocate at IBM Cloud, will provide a fast-paced developer journey that follows the IoT sensor data from generation, to edge gateway, to edge analytics, to encryption, to the IBM Bluemix cloud, to Wa...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
With the rise of DevOps, containers are at the brink of becoming a pervasive technology in Enterprise IT to accelerate application delivery for the business. When it comes to adopting containers in the enterprise, security is the highest adoption barrier. Is your organization ready to address the security risks with containers for your DevOps environment? In his session at @DevOpsSummit at 21st Cloud Expo, Chris Van Tuin, Chief Technologist, NA West at Red Hat, will discuss: The top security r...
Many companies start their journey to the cloud in the DevOps environment, where software engineers want self-service access to the custom tools and frameworks they need. Machine learning technology can help IT departments keep up with these demands. In his session at 21st Cloud Expo, Ajay Gulati, Co-Founder, CTO and Board Member at ZeroStack, will discuss the use of machine learning for automating provisioning of DevOps resources, taking the burden off IT teams.
SYS-CON Events announced today that Nihon Micron will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nihon Micron Co., Ltd. strives for technological innovation to establish high-density, high-precision processing technology for providing printed circuit board and metal mount RFID tags used for communication devices. For more inf...
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
In his session at @ThingsExpo, Greg Gorman is the Director, IoT Developer Ecosystem, Watson IoT, will provide a short tutorial on Node-RED, a Node.js-based programming tool for wiring together hardware devices, APIs and online services in new and interesting ways. It provides a browser-based editor that makes it easy to wire together flows using a wide range of nodes in the palette that can be deployed to its runtime in a single-click. There is a large library of contributed nodes that help so...
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...