dynaCERT Announces Positive Growth with New and Repeat Orders, Expanding Industry Adoption of HydraGEN™ Units
02 Dezember 2024 - 11:00AM
Business Wire
dynaCERT Inc. (TSX: DYA) (OTC: DYFSF) (FRA: DMJ) ("dynaCERT" or
the "Company") is proud to announce repeat orders and new
deliveries of its HydraGEN™ Technology to key customers in the oil
& gas and mining sectors, signaling growing adoption and
satisfaction across industries. The selected repeat orders below
are meaningful in that they point to customer satisfaction and
dealer progress.
Dealer Activities and Regional
Highlights
Western Canada
In Western Canada, Simple Green, a long-time dealer, had aligned
with their customer in the Oil & Gas industry to expand
adoption of HydraGEN™ Technology. After a successful trial of one
(1) of our HG1 units in 2023, the customer placed a new order of
eighteen (18) units in Q2 2024 followed by eighty-four (84) units
which were delivered in Q3 2024. In November 2024 the customer
placed a new order of twelve (12) additional HG1 units for Western
Canada and the first of the larger HG4C units to be shipped to
Texas.
Australia
Our dealer GridFix/Net2Zero in Australia has been actively
introducing our HydraGEN™ Technology to the mining sector. In
October 2024 our dealer placed an order and delivered one (1) HG4C
unit to a mining customer. In October 2024 they also ordered one
(1) HG6C for the same customer. In November 2024 they also ordered
one (1) HG1 unit to complement two (2) HG1units on generators
powering a mining camp in Australia and powering a mine camp and a
Rock Crusher in Australia.
Brazil and Peru
In Brazil and Peru, our key dealer H2Tek has experienced
continued success in deploying HydraGEN™ Technology. After an
initial pilot involving six (6) smaller HG2 units the mining
customer expanded their commitment by ordering twenty-seven (27)
HG1 units and seventy-five (75) HG2 units which were delivered by
the Company. Installations by trained installers are proceeding in
a phased rollout. Three (3) HG6C units that had been previously
delivered by the Company to another client of H2Tek in Brazil are
currently being installed.
Mexico and Texas
Thinking Capital, our new dealer in Mexico and Texas, has
recently purchased seven (7) HG1 units. Installation training
sessions were conducted by dynaCERT’s technical team with the first
two (2) HG1 units installed on site.
Carbon Credit Projects
The Company is proceeding with designing multiple Carbon Credit
Projects using the recently announced Verra-approved methodology
which marks a significant milestone in dynaCERT’s ongoing business
evolution. The Company plans to enhance avoidance of GHG emissions
while providing advantages to users of dynaCERT’s HydraGEN™
Technology derived from such Carbon Credit Projects.
Leadership Perspectives and Strategic
Outlook
Jim Payne, Chairman & CEO of dynaCERT, commented: “The
growing demand for HydraGEN™ Technology highlights its tangible
benefits to global customers. With the recent approval of our
methodology by Verra and progress in launching multiple Carbon
Credit Projects, we are positioned to provide even greater value.
Our expanded leadership and global reach give me confidence in our
continued growth.”
Strengthening Customer and Dealer
Relationships
Ed Cordeiro, Director of Sales, added: “Our dealers and partners
play a vital role in expanding the use of dynaCERT's HydraGEN™
Technology across diverse industries, such as mining and oil &
gas. Their dedication to customer satisfaction drives our progress.
We look forward to building on these achievements in the year
ahead.”
Looking Ahead
With increasing global adoption and a robust dealer network,
dynaCERT remains committed to innovation, sustainability, and
delivering cutting-edge solutions to its customers. The Company's
continued focus on carbon reduction and energy efficiency positions
HydraGEN™ Technology as a critical tool for industries seeking to
meet their environmental goals.
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission
Reduction Technology along with its proprietary HydraLytica™
Telematics, a means of monitoring fuel consumption and calculating
GHG emissions savings designed for the tracking of possible future
Carbon Credits for use with internal combustion engines. As part of
the growing global hydrogen economy, our patented technology
creates hydrogen and oxygen on-demand through a unique electrolysis
system and supplies these gases through the air intake to enhance
combustion, which has shown to lower carbon emissions and improve
fuel efficiency. Our technology is designed for use with many types
and sizes of diesel engines used in on-road vehicles, reefer
trailers, off-road construction, power generation, mining and
forestry equipment. Website: 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, information relating to
Verra, the Verra Methodology and Carbon Credits cannot be
independently verified. 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 of
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 the Toronto Stock Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Toronto Stock Exchange) accepts responsibility for the adequacy or
accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
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version on businesswire.com: https://www.businesswire.com/news/home/20241202840852/en/
For more information, please contact: Jim Payne, Chairman
& CEO dynaCERT Inc. #101 – 501 Alliance Avenue Toronto, Ontario
M6N 2J1 +1 (416) 766-9691 x 2 jpayne@dynaCERT.com
Investor Relations dynaCERT Inc. Nancy Massicotte +1 (416)
766-9691 x 1 nmassicotte@dynaCERT.com
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