dynaCERT Expands Global Reach with Additional Shipments of HydraGEN™ Technology to South American Mines; Secures New Orders from Mexico and Australia
05 September 2024 - 11:00AM
Business Wire
dynaCERT Inc. (TSX: DYA) (OTC: DYFSF) (FRA: DMJ) ("dynaCERT" or
the "Company") is pleased to announce the September 2024 shipment
of its proprietary HydraGEN™ Technology to three major open-pit
mines located in Brazil and Peru, South America. This latest
shipment, totalling 119 HydraGEN™ Units, including both the
flagship HG1 and HG2 models, is part of a significant purchase
order received through one of the Company’s dealers, with payment
structured in stages.
Additionally, dynaCERT has secured new purchase orders from two
more dealers, one in Mexico and another in Australia. These orders
include eight HydraGEN™ units, with two larger units designated for
coal mining operations in Australia, and six units intended for
transportation companies in Mexico.
These purchase orders of dynaCERT’s HydraGEN™ Technology for its
customer follow positive results of several pilot projects over the
course of two years as previously announced by dynaCERT, whereby
its dealer had advised dynaCERT that the Company’s HydraGEN™
Technology had been installed at certain mining operations located
in South America. These installations were pilot projects to test
the numerous benefits and impacts of dynaCERT’s HydraGEN™
Technology on mining equipment with the intent that successful
pilot projects can result in the adoption of HydraGEN™ Technology
to be used for mining equipment and mining fleet applications such
as Class 8 trucks hauling ore from mines to a port or smelters.
Following the completion of such pilot projects, the dealer has
indicated to dynaCERT that it has reported very compelling results
to such mining and resource companies involved in pilot projects
which evaluated dynaCERT’s HydraGEN™ Technology, including its
customer for these purchase orders. The client has also used
HydraGEN™ Technology purchased in June 2024 deployed in underground
mining.
Ed Cordeiro, Director of Sales for the Americas at dynaCERT,
commented, “Our South American dealer has successfully positioned
HydraGEN™ Technology as a strategic tool for international mining
companies aiming to meet their corporate ESG objectives,
particularly in reducing carbon footprints while achieving
significant fuel savings. Our Carbon Emission Reduction Technology
systems, which produce hydrogen gas for mining operations, have
demonstrated the dual benefits of economic savings and
environmental impact by lowering fuel consumption and
emissions.”
Jim Payne, Chairman & CEO of dynaCERT, added, “We are proud
to support our mining, resource, and logistics clients who continue
to rely on our HydraGEN™ Technology. The growing global adoption of
our products, driven by successful pilot projects and repeat
orders, reaffirms our commitment to reducing fuel consumption and
carbon emissions in diesel engines worldwide. Our mission to
advance Greenhouse Gas Emission reductions on a global scale is
more robust than ever.”
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
This press release of dynaCERT Inc. contains statements that
constitute "forward-looking statements". Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause dynaCERT’s actual results, performance or
achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Actual results
may vary from the forward-looking information in this news release
due to certain material risk factors. This news release is not
intended for distribution to U.S. news services or for
dissemination in the United States.
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. 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/20240905691792/en/
For more information:
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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