Source: dynaCERT Inc.
TORONTO, March 05, 2018 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) (DAX:DMJ) ("dynaCERT" or the "Company") is pleased to announce, as a member of the Ontario Trucking Association, the official launch of our HydraGEN™ Technology at the TRUCKWORLD 2018 trade show in Toronto on April 19-21, 2018 (“TruckWorld”) where we will be showcasing our innovative HG-1 25 and 45 series units for long haul transport and HG-2 15 and 25 series units for reefer trailers along with our rugged-cased units for heavy equipment.
“This is really a historic move for the dynaCERT organization” says Mike Christodoulou, former Cummins Eastern Canada Distributor Principal and President as well as a member of dynaCERT’s Advisory Board. “After testing at the highly acclaimed PIT Group in November 2017, it seems very clear to me that this technology is a great fit for the trucking industry”. Those results indicated a 5.9% improvement in fuel economy and between 46.1% to 50% reduction in carbon monoxide, total hydrocarbons and NOx. “These results simply cannot be ignored by such a major industry as Canadian trucking.” adds Christodoulou. “TruckWorld is the largest truck show in Canada. I have been attending for decades. All the truck and trailer OEM’s, engine and transmission manufacturers and hundreds of suppliers to the industry will be there. Also, most of the major truck fleets in Canada will be in attendance along with a very large number of owner operators. I am very pleased to say the dynaCERT has chosen TruckWorld as the venue for the official launch of it’s product line and has committed to continue doing so going forward.”
Product Line and their Addressable Markets
The Company produces two HG1 HydraGEN™ series models for medium and large diesel engines. The HG1-25 for normally-aspirated engines sized 2 to 5 Liter displacement and the HG1-45 for turbo-charged engines up to 15 Liter displacement. Larger engines can also be accommodated by installing multiple HG1 units which operate in parallel. The HG1 series are also available in a ruggedized case for applications that require a heavier environmental protection system.
Our technology is scalable allowing use with Class 6-8 on-road vehicles and transition to applications with rail, marine, off-road and power generation. Our patent-pending electrolysis system and Smart ECU provides a reliable and adjustable delivery of H2 & O2 concentrations. Not all engines are the same and having the optimal ratios and percentages provides increased benefits.
In addition, the Company is finalizing performance testing on the HG2 HydraGEN™ series and has developed two models for commercial release in Q2-2018. The HG2 series are smaller in size and are targeted for the refrigerated trailer market with engines up to 2.5 Litre displacement. The HG2 units are also applicable to mobile construction equipment, class 2 – 5 delivery trucks and smaller stationary generators. This market size represents approximately 20 million applications in North America and similar sized market opportunities in each of the European and Asian markets.
Production and Growing Capacity
Production of the different HG1 series models is underway with the current capacity to build HG1 units at 6,000 units per month. Production of the HG2 series models is soon to be operational and dynaCERT is expecting to receive the specialized robotic laser-welding equipment that is being manufactured in Germany to facilitate production. Future capacity to produce HG2 units is planned to reach 10,000 units per month.
Dealers and Agents – Extensive Network
The Company currently has 17 dealers and 7 agents servicing Canada, USA, Mexico, Germany, Belgium, Austria, Switzerland, Israel, Brazil, United Arab Emirates, Saudi Arabia, Egypt, Kuwait, Bahrain, Oman, Qatar, Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka. dynaCERT is proud of its dealers and agents throughout the world and supports them in servicing the needs of users of the HydraGEN™ Technology. As we continue our growth, we are currently in discussions to add new representatives for the territories of England, China, and some countries in Africa.
TruckWorld – Canada’s National Truck Show
Thursday, April 19, 2018 10:00 am to 6:00pm
Friday, April 20, 2018 10:00 am to 6:00pm
Saturday, April 21, 2018 9:00 am to 5:00 pm
International Centre, Toronto (Mississauga)
6900 Airport Road, Mississauga, ON, L4V 1E8
The meeting place for Canada’s trucking industry with Everything Trucking: equipment, innovations, connections, solutions. Featuring over 500 exhibitors, new products showcase, VIP breakfast, job fair, Highway Star of the Year, and hat day. Truck World takes place at the International Centre in Mississauga, Ontario. Please visit us at the Show: Booth 5559.
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 and sales. 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
(416) 766-9691 x 1