Source: dynaCERT Inc.
TORONTO, Feb. 27, 2018 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) (DAX:DMJ) ("dynaCERT" or the "Company") is pleased to provide the following update:
India Tour with Prime Minister Justin Trudeau
Mr. Robert Maier, COO of dynaCERT, represented the Company at the special dinner in New Delhi held in honour of Prime Minister of Canada Justin Trudeau on Thursday, February 22, 2018, and has had numerous meetings with official groups and companies in India that expressed interest in the Company’s HydraGEN™ Technology, including the several offices of the India Central Government, the Ministry of Transportation and the Ministry of Environment as well as City of Delhi officials. Discussions were mainly focused on India’s keen interest in the environmental benefits of the technology. Other talks included senior representatives from The All India Motor Transport Congress (“AIMTC”), who had been hosted by dynaCERT in Toronto in November 2017 (see Press Releases dated November 2, 2017 and December 4, 2017) and Ashok Leyland Ltd. (“ALL”), which manufactures in India a wide range of equipment using diesel engines.
Ashok Leyland Ltd.
Ashok Leyland Limited, a company located in Gurgaon, India, is an Original Equipment Manufacturer of diesel-powered vehicles for the South Asia marketplace with sales and service offices in strategic locations throughout the region. ALL sells over 400,000 vehicles per year. Ashok Leyland operates in India and also exports to South Asia, Middle East and African nations. dynaCERT has followed up with senior officials of Ashok Leyland and is furthering its relationship with the company.
All India Motor Transport Congress
The All India Motor Transport Congress also hosted dynaCERT COO, Mr. Robert Maier, in New Delhi on Mr. Maier’s trip to India. It was agreed that a grand launch of dynaCERT’s HydraGEN™ Technology in India will be organized by the AIMTC as part of their upcoming National Conference to be held in New Delhi in April 2018 and will include the Minister and senior officials of the Transport Ministry of India, OEM’s based in India and other dignitaries of the road transportation industry of India. AIMTC members operate approximately 10,000,000 diesel powered trucks and buses across India. Of those members, the AIMTC has indicated that approximately 1.4 million trucks have a National Permit in India and move across the nation. It is estimated that those trucks could potentially benefit most from dynaCERT’s HydraGEN™ Technology.
Automotive Research Association of India
The Automotive Research Association of India (“ARAI”), is testing dynaCERT’s HydraGEN™ Technology under local road conditions in India. The ARAI is the co-operative industrial research association of the automotive industry with the Government of India, Ministry of Industries. Subject to receipt of a positive report of dynaCERT’s HydraGEN™ Technology by ARAI, the AIMTC has indicated that it would be prepared to recommend the use of the technology to its members.
As stated in a letter addressed to dynaCERT, dated February 22, 2018 and signed by both President S.K. Mittal and Chairman Kultaran Singh Atwal of the All India Motor Transport Congress:
“The ongoing enthusiasm only hinges around the positive report from ARAI meeting the challenges of the Indian trucking conditions. AIMTC, then will recommend, HydraGEN™ Technology to its members accordingly for common good. Initially a tentative demand of 10,000 units could be expected that our members may order from dynaCERT Inc directly to suit their particular engine needs.”
“We have been also told by officials of Ashok Leyland Ltd. that they agree in principle to place a bulk order, subject to the report from ARAI. In closing we are sure that AIMTC and dynaCERT have paved a strong foundation to build a synergistic association for times to come.”
Robert Maier states: “We are very excited about the progress that we have made in our ongoing meetings, discussions and dialogue with groups and companies in India. Diesel engines which cause insufferable air pollution are a large part of everyday life in personal transport, commodity transport, intercity movement of people in India, and, for a large part of the community electrical power which requires stationary diesel generators. Indian officials that we have met with have been very receptive to the environmental benefits of the HydraGEN™ systems. We look forward to helping clean the environment with them."
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with all types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, marine vessels and railroad locomotives. Website: www.dynaCERT.com
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to the potential expansion into new markets, industries and segments, such as diesel-powered use of any the dynaCERT products in India or sales in India. 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.
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On Behalf of the Board
Murray James Payne, CEO
For more information, please contact:
Jim Payne, CEO & President
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
(416) 766-9691 x 2
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