Source: dynaCERT Inc.
TORONTO, May 11, 2018 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) (DAX:DMJ) ("dynaCERT" or the "Company") is pleased to report the following:
Following the global launch of dynaCERT new HydraGEN™ products at the TruckWorld trade show in Toronto (please see Press Release of April 20, 2018), dynaCERT is fostering its global recognition in Carbon Emission Reduction Technology with its launch of HydraGEN™ in Dubai, United Arab Emirates, our gateway to the Middle East and Africa. A delegation from dynaCERT, including CEO Jim Payne and VP Global Sales, Enrico Schlaepfer had high level meetings as our regional dealer, Castle Star General Trading LLC (Castle Star), displayed our product line at the Smart Commercial Vehicle Conference in Dubai (the “Conference”) (please see www.automechanikadubai.com/frankfurt/504/for-conference/automechanika_academy.aspx) where Mr. Schlaepfer presented the HydraGEN™ Technology for both transportation and power generation use. Following the Conference, Mr. Payne joined our team in a multitude of meetings with Government leaders, Dubai Carbon Centre of Excellence (Dubai Carbon) (please see www.dcce.ae), major truck and logistics fleets along with major power generation companies where discussions were held regarding the commencement of several pilot projects with Castle Star. dynaCERT has already sold and shipped six HG145 units to Castle Star for these projects.
Dubai officials have set very high expectations to be the global leader in reducing Greenhouse gases and are targeting to show the world their accomplishments at the World Fair "Dubai Expo 2020" (please see www.expo2020dubai.com). These officials have recognized dynaCERT as a partner offering our HydraGEN™ Technology providing a unique, market-ready innovation in assisting them achieve their extraordinary global leadership goals.
Dubai Carbon was established on 18th January 2011, by an agreement between the Dubai Supreme Council of Energy (DSCE) and the United Nations Development Programme (UNDP), in the presence of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and UN Secretary General Ban ki-Moon. Dubai Carbon is a Private Joint Stock Company shared between Dubai Electricity and Water Authority, Emirates National Oil Company, Dubai Holding and Empower. Dubai Carbon was established to capture a growing niche market, catering specifically for the transition to a low-carbon and green economy through the consolidation of knowledge.
dynaCERT is pleased to announce the official British Columbia launch of our HydraGEN™ Technology at the TRUXPO 2018 trade show in Abbotsford, British Columbia, Canada on May 11 and May 12, 2018 (“TRUXPO”) where we will be showcasing our innovative HG1-25 and HG1-45 series units for long haul transport and HG2-15 and HG2-25 series units for reefer trailers along with our rugged-cased units for heavy equipment. Visit dynaCERT at Booth 130, just around the left corner of the main entrance.
TRUXPO is a trade show for members of the Canadian trucking and transportation industry. It takes place every two years in Abbotsford and attracts those representing many of BC’s most important industries – including forestry/logging, construction, towing & recovery, and more. It is the only major motor transport industry show in the region that includes all facets of the industry; with “trucks for all trades”, the show focuses on a variety of trucks of all sizes, from Class 1 through to Class 8. The last edition of the event, held in May 2016, welcomed approximately 9,000 industry professionals. The show is presented in partnership with the BC Trucking Association. For further information, go to their website at: http://www.truxpo.com/
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, mining and forestry equipment, 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.
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.
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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