dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) is very
pleased to announce that its wholly-owned European subsidiary,
dynaCERT GmbH, (individually or together "dynaCERT" or the
"Company") has obtained from Kraftfahrt-Bundesamt (“KBA”), the
Transport Ministry of Germany, the Allgemeine Betriebserlaubnis
(“ABE”) National Type Approval (“Homologation”).
ABE Homologation, which emanates from KBA,
permits the marketing, sales, installation and use of dynaCERT’s
HydraGEN™ Technology in Germany and is utilized throughout the
entire European Union.
Unique Innovative
Breakthrough
dynaCERT has achieved a major and unprecedented
milestone.
Applications for ABE Type Approval must meet
stringent testing and validations required by rigorous and exacting
regulation in Germany.
dynaCERT’s HydraGEN™ Technology is the only
hydrogen gas supply system that has ever been approved by KBA and
received Homologation for the ABE Type Approval. This unique
advantage gives dynaCERT a lead in hydrogen-based technology and
provides a strong market benefit as well as a barrier to entry for
imitators and possible competitive technologies.
Importance of ABE Homologation
Globally
The addressable market of dynaCERT’s HydraGEN™
Technology has expanded significantly and globally with the
addition of this first-in-kind ABE Homologation.
As a result of its reputation for excellence,
the acceptance of an ABE Homologation is monitored by other
countries on every continent of the globe. In regulating their
transportation industry, many countries and jurisdictions
world-wide rely on the ABE Homologation as the unequivocal standard
of due diligence and excellence for the regulated use of new
expertise, such as dynaCERT’s HydraGEN™ Technology.
Thorough Due Diligence by
ABE
dynaCERT’s HydraGEN™ Technology underwent
thorough testing to obtain ABE Homologation.
Moreover, the ABE Homologation from KBA required
approximately 26 months of proofs of concept, testing, validations,
verifications, confirmations, authentications, rigorous trials with
strict protocols, scientific analysis, exacting reviews using both
on-road and in-laboratory methods, and accompanying certified
reports. Numerous engineers, combustion specialists and automotive
experts, including world-renowned authorities in Europe such as
Continental EMITEC, TÜV Nord, TÜV Süd, were consulted and relied
upon by KBA which granted the ABE. (See Press Releases dated August
16, 2018 and September 17, 2018).
Market Size
According to the European Automobile
Manufacturers Association (“ACEA”), there are over 398 million
vehicles in the European Region. Approximately forty-five percent
(45%) are diesel-powered. Almost all of the approximately 39
million commercial vehicles are diesel-powered and these are
eligible for dynaCERT’s HydraGEN™ Technology across the European
Union and the rest of Europe. dynaCERT’s ABE Homologation from KBA
applies to more than 560 MAN powered vehicle types and models.
Marketing Significance
Commencing immediately, marketing and sales of
dynaCERT’s HydraGEN™ Technology can launch throughout Europe by the
Company’s numerous licensed dealers and distributors.
In the last 18 months, dynaCERT has identified
and negotiated numerous distributor and dealer agreements to market
and sell its HydraGEN™ Technology. Such dealers and distributors
include very qualified dynaCERT resellers covering European
countries such as Germany, Austria, Belgium, Netherlands,
Luxemburg, Spain, Portugal, Lithuania, Latvia, Estonia, Norway,
Sweden, Finland, Denmark, the United Kingdom and Ireland.
dynaCERT continues to increase its dealer and
distributor footprint in Europe and throughout the world.
Value of Homologation to the Trucking
Industry
dynaCERT’s HydraGEN™ Technology advances the
same interests upheld by new European regulations and the Paris
Agreement on Climate Change.
The European regulations for CO2 reduction came
into effect in January 2019. These regulations require all truck
manufacturers to provide full emission testing on every new vehicle
model in various load and road configurations. These tests then
become the baseline from which each vehicle sold in Europe built
after January 1, 2025 must achieve a 15% reduction in CO2
emissions. A further 5% reduction requirement is to be achieved by
2030. Vehicles that do not achieve these CO2 reductions will
lose their regulatory approvals. (see Press Release of September
24, 2018 and the European Union Regulation entitled “Commission
Regulation (EU) 2017/2400 of 12 December 2017 of the European
Parliament as regards the determination of the CO2 emissions and
fuel consumption of heavy-duty vehicles”.)
dynaCERT’s HydraGEN™ Technology is a currently
existing and readily available solution for this CO2 pollution
throughout Europe.
Validation of Exceptional
Results
Based on the TÜV Nord recorded fuel consumption
reductions witnessed and certified during the ABE application
process, dynaCERT’s HydraGEN™ Technology provides an ROI or payback
of less than one (<1) year for most of its long-distance
trucking user applications.
The exceptionally positive TÜV Nord testing
results of dynaCERT’s HydraGEN™ Technology on diesel engines which
were meticulously recorded and certified during the ABE
Homologation process include an 8.9% improvement in fuel
consumption, an 8.7% reduction in CO2, an 88% reduction in NOx, a
52% reduction in Total Hydrocarbons (THC), a 54.5% reduction in
Particulate Matter (PM) and a 74.3% reduction in Particulate
Number.
In addition, dynaCERT is also currently engaged
in applying for the monetizing of Carbon Credits which can
significantly improve the value proposition of the Company’s
HydraGEN™ Technology, its ROI and payback (see Press Release of
March 26, 2019).
Further economic benefits include reduced Diesel
Exhaust Fluid (DEF) consumption, reduced Diesel Particulate Filter
(DPF) changes, and reduced diesel engine oil and filter
changes.
Design of
HydraGEN™ Technology
The HydraGEN™ Technology is designed to add a
stream of pure hydrogen gas (H2) and oxygen gas (O2) into the air
intake of a diesel engine. Adding pure hydrogen gas in controlled
amounts through an air intake acts as a combustion catalyst
improving the consumption of diesel fuel and reduces harmful carbon
emissions such as NOx.
The HydraGEN™ Technology was developed as an
on-demand system to produce hydrogen and oxygen gas and uses a
sophisticated patented electrolysis system. Distilled water mixed
with potassium hydroxide (KOH) is used to produce clean gas in an
appropriate amount for introduction into the air-intake of the
engine. The exact amount of hydrogen gas flow is regulated by
dynaCERT’s proprietary patented Electronic Control Unit,
appropriately named “the Smart ECU”. The determination of the rate
of gas flows is a key feature of dynaCERT’s proprietary know-how
and HydraGEN™ Technology.
The HydraGEN™ Technology unit is suitable for
all outdoor climates. A built-in heater ensures that the device can
function even in very cold temperatures. The device is ready for
operation at temperatures between minus sixty (- 60) and plus 50 (+
50) degrees Celsius.
The HydraGEN™ system is protected by a rugged,
lightweight housing that is typically attached to a mounting
bracket on a vehicle. The HydraGEN™ Technology unit is powered
directly from the onboard power system of the vehicle and instantly
shuts down when the engine is switched off. The device can also be
switched off mechanically; on the side of the device is an on-off
switch.
There is no on-board storage of hydrogen gas and
the system is operated in an ambient, non-pressure, condition for
safety purposes.
Upcoming European Events
On November 8 and 9, 2019, the dynaCERT team
will be available for institutional investors, private investors
and industry representatives in Munich, Germany at the
"International Precious Metals & Raw Materials Fair".
From November 25, 2019 to November 27, 2019, Jim
Payne, dynaCERT’s CEO, will introduce the Company to institutional
investors, analysts and media representatives at the "German Equity
Forum" in Frankfurt, Germany.
On December 11 and 12, 2019, dynaCERT will
participate in the 28th Munich Capital Market Conference (MKK) of
GBC AG and present itself to analysts and investors. The event is
the largest investor conference in Southern Germany for small and
mid cap companies.
Corporate Statements
Enrico Schlaepfer, dynaCERT’s Vice President of
Global Sales stated, “dynaCERT is the first manufacturer of an
automotive aftermarket product that is allowed to apply hydrogen
and oxygen into the combustion chamber of diesel engines across
Europe. We have written automotive history! With the ABE
Homologation in Germany, dynaCERT has reached a historic milestone
in the trucking world. Over the last twenty-six months, our teams
in Germany and Canada, collaborating with TÜV Nord and TÜV Süd,
successfully achieved their goals. dynaCERT in Germany is now
well-situated to effectively position and market the HydraGEN™
Technology in the European marketplace. In fact, with our HydraGEN™
Technology, regional governments can align themselves with their
national environmental goals for the benefit of climate protection.
With available HydraGEN™ Technology, Europe has come a step closer
to achieving the ambitious pollution reduction goals set out in the
Paris Agreement.”
Jim Payne, dynaCERT’s CEO stated, “On behalf of
our Board of Directors, I congratulate and thank all the technical
staff and European teams at dynaCERT for the success of achieving
dynaCERT’s important Homologation landmark and for their devotion
and unwavering persistence in this enduring but extremely
worthwhile process. dynaCERT now stands out globally as having a
unique approval and validated technology that reduces carbon
emissions while at the same time reduces fuel consumption. We are
grateful to have received one of the most highly-respected and
coveted approvals in our industry.”
About dynaCERT Inc.dynaCERT Inc.
manufactures and distributes Carbon Emission Reduction Technology
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,
resulting in lower carbon emissions and greater 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,
marine vessels and railroad locomotives. Website:
www.dynaCERT.com
READER ADVISORYExcept 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 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 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, CEOFor more information, please
contact:
Jim Payne, CEO & PresidentdynaCERT Inc.#101 – 501 Alliance
Avenue Toronto, Ontario M6N 2J1 +1 (416) 766-9691 x
2jpayne@dynaCERT.com
Investor RelationsdynaCERT Inc. Nancy Massicotte +1 (416)
766-9691 x 1ir@dynaCERT.com
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