dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) is
pleased to report on the notable field trial results of the
Company’s new HG2 HydraGEN™ Technology as verified through the
Company’s proprietary HydraLytica™ telematics device.
The smaller HG2 on-demand hydrogen delivery
system complements the Company’s well-established HG1 models. While
the HG1 models are appropriate for larger diesel displacement
engines of 8 to 16 Litres, the newest HG2 model opens up dynaCERT’s
market for the smaller displacement diesel engines and, possibly in
the future, for gasoline engines.
School Bus Trials in Ontario,
Canada
In July 2019, the HG2 units were installed on
two Taylor-brand School Buses, a 2005 and 2015, each powered by a
6.7 Litre diesel engine, each engine from a different manufacturer.
The buses were used on school bus itineraries in Southern Ontario
and accumulated more than 2,000 kilometres (driving stop and go
along typical school bus routes) during the 2-month
proof-of-concept period. The data from the HydraLytica™ telematics
device recorded that the buses achieved an average reduction in
fuel consumption of 13.8% and 15.5%, respectively. Of significance,
the NOx levels were reduced 48% and 52%, respectively. The NOx
level was measured by a Portable Emissions Measuring System (PEMS).
The PEMS measured the exhaust at the end of the tailpipe where it
most affects the immediate air environment at the ground level near
where school children might be exposed to NOx, a dangerous, deadly
gas emitted by diesel engines.
Approximately 18,000 School Buses travel 2
million kilometres in Ontario, every school day.
According to a 2014 National Association for
Pupil Transportation report, School Bus carriers operate the
largest mass transportation fleet in the USA. Each day, 480,000
yellow school buses travel the roads in the USA. This is a very
significant market for dynaCERT when compared to the 140,000 total
transit vehicles, 96,000 of which are buses; the motor coach
industry, with 35,000 buses; commercial airlines with 7,400
airplanes; and rail with 1,200 passenger railcars.
Passenger Vehicle – Diesel
Another dynaCERT HG2 unit was installed in June
2019 on a 2013 luxury passenger SUV vehicle with a 3.0 Litre diesel
engine as is typical for such vehicles. The vehicle had an odometer
reading of 225,000 kilometres (140,000 miles) and a baseline fuel
consumption of 8.1 Litres per 100 kilometres (29 mpg) without
dynaCERT’s HydraGEN™ Technology. The fuel consumption, in the trial
period of July and August 2019, was reduced when used with
dynaCERT’s HydraGEN™ Technology to an average of 7.1 Litres per 100
(33.2mpg) over the 8-week period. The lowest fuel consumption with
the HydraGEN™ Technology recorded was 6.3 Litres per 100 kilometres
(37.4mpg) after the break-in period.
In North America there were approximately 8.1
million diesel powered passenger vehicles on the road in 2015.
Passenger Vehicle – Gasoline
Engines
In September 2019, the HG2 unit was installed on
a 2012 passenger 4-door sedan with a 3.5 Litre gasoline engine. The
vehicle lifetime baseline fuel consumption of 12.3 Litres per
hundred kilometres (L/100 km) (19.1 mpg) over a distance of
approximately 2200 kilometres (1350 miles). The fuel consumption
was reduced 11% to an average of 11.1 Litres per hundred kilometres
(L/100 km) (or 21.2 mpg).
In 2017, in North America there were
approximately 275 million gasoline powered passenger vehicles on
the road.
Corporate Statement
Robert Maier, COO and Chief Engineer for
dynaCERT stated: “The opportunity for HydraGEN™ Technology
units to be installed on all types of engines opens the market
potential for dynaCERT to be a significant world-wide contributor
to the reduction of Greenhouse Gas Emissions (GHG’s). When our
HydraGEN™ units include our HydraLytica™ telematics for Carbon
Credit reporting, we can truly provide the transportation industry
with a recurring revenue generating device that helps save the
planet.”
About the HG2
The HG2 unit is appropriate for those smaller
displacement engines used in Buses, Refrigerated Trailers and
Containers, Mobile Construction Equipment, Small Generators and
Smaller Trucks commonly found outside of North America, such as in
European countries and in India. This market size represents
approximately 20 million applications in North America and similar
sized market opportunities in each of the European and Asian
markets.
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
DynaCERT (TSXV:DYA)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
DynaCERT (TSXV:DYA)
Historical Stock Chart
Von Dez 2023 bis Dez 2024