TORONTO, ON--(Marketwired - April 07, 2016) -
dynaCERT Inc. (
Jim Payne - President & CEO of dynaCERT Inc.
"After several months of talks and meetings with Mr. Nauman Kureshy, partners and associates of Lyte Energy, we are very excited to have signed a formal agreement that allows non-exclusive rights for Lyte Energy to showcase, promote, distribute and sell our products. Their motivation, due diligence and commitment along with a wide reach of contacts in the trucking, mining, shipping and rail industry is a significant asset. The shared vision of our product and the possibilities it offers to these industries in both fuel savings and Carbon Emission Reduction Technology aligns perfectly with both companies' business models."
Nauman Kureshy - Founder, President & CEO of Lyte Energy Inc.
"We are very excited and pleased to announce our strategic partnership with dynaCERT Inc. dynaCERT is a Canadian based public company (
For more information, please visit www.lyte.energy/solutions/emissions-reduction.
Corporate updates:
dynaCERT reports that, concerning the 50 unit purchase order and ongoing validation initiated, after facing certain challenges with the sophisticated sensors and electronic controls on newer trucks and communications, we now feel confident that through a collaborative effort by our team of engineers, professional consultants and fleet owners, we have overcome these challenges via electronic programming of our new "Smart ECU" and are continuing to closely monitoring these trucks along with data collection to enable the company and third party to finish validation. Once completed and with a minimum 8% fuel savings validated, the sales of these units will be completed along with additional purchase orders for minimum pre arranged percentage of these fleets.
dynaCERT is now in the process of filing patents for our wholly owned Intellectual Property within our "Smart ECU," which is designed with our "007" technology, if attempts to open or tampered with this sealed ECU it would self destruct to insure the protection of what we believe to be is our most valued IP.
dynaCERT team is currently testing and monitoring the first new compact unit that was installed on a 2.0 liter turbo diesel import for emissions with companies recently updated and calibrated, computerized emission testing equipment. This will be an ongoing process which will be closely monitored by computer generated read outs of O2, CO2, CO, NO, NO2, NOx, CxHy, and SO2
About Lyte Energy Inc.
Lyte Energy is a privately owned Canadian company which specializes in providing green energy solutions incorporating hydrogen generation, hydrogen storage, and hydrogen fuel cell technologies.
Our core solutions consist of hydrogen fuel saving and emissions reduction solutions, hydrogen refueling infrastructure solutions, hydrogen fuel cell solutions for materials handling equipment, hydrogen backup power solutions, energy storage solutions, microgrid solutions and fuel cell solutions.
Lyte Energy is also focused on improving hydrogen in the areas of hydrogen generation, hydrogen storage and hydrogen fuel cell technology through advanced research and development.
For more information, please visit www.lyte.energy
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
Contact Information:
For more information, please contact:
Jim Payne
CEO & President
dynaCERT Inc.
(416) 766-9691x 602
jpayne@dynacert.com
Investor Relations
dynaCERT Inc.
ir@dynacert.com