dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) (" dynaCERT " or the "Company") is pleased to announce the appointment of Mr. Jeff Zajac as a director of the Company. As well, the Company has increased the number of its directors from five (5) to six (6) in accordance with the Company's By-Laws.
Mr. Zajac is Founder and CEO of Facial Stats Ai, a company specializing in Neural Networks, Computer Vision, and Artificial Intelligence within the Canada, USA, Mexico and Central American marketplace with offices in Toronto & Mexico City and sales through a self-built distributor network. He is also CEO and Co-Founder of Solus One / VB, a multi-national SaaS based software company, with a focus on enhancing VoIP technologies to reduce costs and maximize performance and consulting key clients in the Political and Media industries on Market Research and Communication effectiveness. Mr. Zajac participated in Team Canada Missions, throughout Asia, USA, Middle East and Latin America, including ICT industry tradeshows as an Exhibitor and he has first-hand experience with BDC, EDC & VCs. As well, he is CEO and Founder of New Rock Mining, a Mineral Exploration Company, with claims and options located in Newfoundland.
Mr. Zajac was an Instructor at Humber College and Seneca College, where he taught Introduction to Business, Labour Economics, Accounting for Pharmacists. He has been a Guest Speaker on such Topics as International Business, Entrepreneurship, Asian & Latin America Business at Guelph University, Humber College, University of Toronto, Ryerson University, the Government of Ontario, Ontario Exports, York University, Ontario University, Cambrian College and Laurentian University.
Jeff Zajac FCPA, FCMA, CPA, CMA, MA, B.Comm is a Fellow Chartered Professional Accountant who was Honoured before the age of 40. He holds a Master of Arts, Leadership Studies from the University of Guelph; and completed the Canadian Securities Course. He also attended Certified International Trade Professional (CITP) Courses with Carleton University. He is a Certified Management Accountant and holds a Bachelor of Commerce and Finance, with an Economics Major, University of Toronto.
Mr. Zajac was the Founder of Wasaga Hockey.com, an NPO located in Wasaga Beach with a mission to provide affordable hockey to kids under 12 in the spring and summer months. He was also a member of CPA Ontario, a PCC which adjudicates cases of Professional misconduct brought against CPA's in Ontario.
Jeff Zajac, director of dynaCERT stated, " dynaCERT's development of core technology to reduce carbon and emissions will benefit our world for generations to come. Their deep understanding of the newest developments and trends in the Hydrogen marketplace will continue to advance dynaCERT as a global leader in the space. I am looking forward to joining dynaCERT's world class team and contributing to our future generations by being a part of a company advancing hydrogen innovations."
Jim Payne, President and CEO of dynaCERT stated, "The dynaCERT Board of Directors is very pleased and appreciative to welcome Jeff Zajac as a director of the Company. Jeff Zajac has the skill sets to support dynaCERT to a new beginning with an emphasis on Board collaboration and corporate growth. Our entire company, our stakeholders, clients, dealers and shareholders are joining me in greeting Jeff as dynamic strong supporters of green technology and the furtherance of our HydraGEN™ Technology on a global scale across many industries world-wide."
The Company also issued 7,593,335 options, each option to purchase one common share of the Company at an exercise price of $0.30 per common share, expiring August 26, 2027, to its consultants, employees, officers and directors, under its option plan.
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 Jeff Zajac 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20220829005270/en/
For more information, please contact:
Jim Payne, CEO & President
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
News Provided by Business Wire via QuoteMedia
dynaCERT Inc. (TSX:DYA,OTCQX:DYFSF,FRA:DMJ) is a Canadian company with a global solution to reduce pollution. The company has developed the next generation of carbon emission reduction technology for diesel engines in the global market, providing significant fuel savings to the operator. dynaCERT’s verified HydraGENTMtechnology uses a proprietary electrolysis system to turn distilled water into hydrogen and oxygen gases on demand.
HydraGENTM is currently sold in North America and Europe for use in on-road applications and diesel generators. Third-party validated testing results show that HydraGENTM is a unique technology with the ability to reduce greenhouse gas emissions by up to 50 percent and enhance fuel efficiency by up to 19.2 percent for diesel engines of all sizes. The company’s strategy is to expand internationally while developing numerous applications of its HydraGENTM technology in multiple vertical markets.
“dynaCERT has established a unique and diversified team around the world, in different jurisdictions, aimed at numerous vertical markets,” said dynaCERT President and CEO Jim Payne. “We have prepared for a future of our proud Canadian company based in Toronto to market its revolutionary technology around the world.”
dynaCERT’s technology is designed for use with all types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining equipment, forestry equipment, marine vessels and railroad locomotives. Through partnerships with industry leaders, major corporations and government bodies, dynaCERT is strengthening its position in the trucking industry while expanding into the light truck, rail, marine and stationary generator markets.
In April 2018, dynaCERT started the Type Approval under Transport Canada and Lloyds Register policies for equipment on marine vessels under the Safety of Life at Sea rules and regulations.
dynaCERT is also targeting the global mining industry as a key market for its technology. HydraGENTM Technology recently earned approval for underground mining applications in Canada. The mining industry is highly dependent on diesel fuel at a time when many mining firms are looking for ways to be more environmentally sustainable. The company showcased HydraGENTM technology at the 2019 Prospectors and Developers Association Convention (PDAC), one of the world’s largest mining conferences.
dynaCERT is gaining a foothold in the European market with the establishment of a wholly-owned company, dynaCERT GMBH, in Germany. TUV NORD and TUV SUD testing and certification were completed in 2018 and the company recently received its KBA Homologation certification. dynaCERT has secured a dealer in Scotland to distribute the HydraGENTM product line across the UK, and has launched a pilot project in Austria to demonstrate emissions reductions from government diesel-powered vehicles.
In Germany, dynaCERT has partnered with Mosolf SE & CO. AG under an MOU that includes a HydraGENTM technology dealer agreement and a purchase order for 1,000 units in 2020. MOSOLF and its subsidiaries will serve as HydraGENTM dealers with the rights to sell and install the technology throughout the European Union. MOSOLF intends to market the technology to the federal and local government entities in Germany. Due to strong demand, dynaCERTshipped the first of one hundred HydraGENTM units to MOSOLF in November 2019, ahead of the 2020 schedule.
In India, the company already has received iCat certification, earned firm orders, signed LOIs with two provinces and through its dealers is continuing in talks with governments of India about the ways dynaCERT’s technology can help address the nation’s major air pollution problems. In the Middle East, the company has established relationships with distributors in the key markets of Dubai and Israel.
dynaCERT has also established a presence in Mexico, through its partner KarbonKleen Inc. To date, KarbonKleen has ordered 400 HydraGENTM units for its clients who supply trucking equipment to the largest labor union in Mexico.
Delivering carbon emission reduction technologies and cutting-edge solutions for a global market.
dynaCERT’s HydraGENTM system is a portable, safe and reliable aftermarket technology that uses distilled water to produce hydrogen and oxygen gases on demand for use in internal combustion engines. The HydraGENTM has the ability to adjust to various concentrations of hydrogen and oxygen mixtures to calibrate the perfect formula for specific engine types, maximizing benefits. The technology is designed with safety features that ensure hydrogen is never stored within the unit nor on board a vehicle.
The system includes a smart electronic control unit (ECU) that reads, collects and stores data pertaining to fuel efficacy and emissions. dynaCERT’s Smart ECU can interface with the onboard computer of any engine and can be remotely accessed by both the company and end-users, allowing for the monitoring of fuel savings, carbon credits and GPS tracking.
“Our team, led by a former RIM technology expert, has developed a smart ECU that is constantly learning, gathering analytics, and using algorithms to modify the flow of gases depending on the condition variables—climate, altitude, hills, torque, humidity, etc.—to find the sweet spot,” said Payne. “That is something that certainly separates us from anything else in the market.”
In May 2019, dynaCERT announced it had received a US patent for its SMART ECU and a second patent in August 2019.
“My team and I worked diligently to build the SMART ECU as a first step to be able to control the HydraGENTM Technology products,” said dynaCERT Senior Technical Advisor David Bridge. “This patent firmly establishes dynaCERT as a Canadian innovator in the field of carbon emission tracking and carbon credit solutions.”
Introducing hydrogen into the air intake of a diesel engine creates a cleaner, more efficient burn.
Conventional emission control solutions treat engine exhaust gases after the burn, at the expense of power and fuel economy. The HydraGENTM system treats toxic emissions at the source.
Benefits of the technology include:
dynaCERT announced lab test results for its HG1 unit for class 8 trucks in November 2016. After 20-plus hours of testing, the Automotive Centre of Excellence (ACE) verified HydraGENTM fuel savings and emissions reductions.
“The HydraGENTM’s capability to reach up to 50 percent in the reduction of greenhouse gases and over 19 percent in fuel savings met and exceeded our expectations. Trucks equipped with the HydraGENTM unit can reduce particulate matter by over 65 percent, significantly reducing the black smoke being emitted into the environment,” Payne stated.
In October 2016, dynaCERT also took possession of a new 8,000-square-foot facility. The lease expansion provided the capacity to produce 2,000 HydraGENTM units per shift monthly, at a retail price of US$8,750 or US$10,000 once installed.
In August 2019, dynaCERTlaunched its HydraGENTM HG2 line. The HG2 units are smaller and provide similar advantages to the HG1 model. The HG2 unit is ideal for use in smaller diesel engines used in buses, class 2 and class 7 vehicles, refrigerator trailers and containers, mobile construction equipment, small generators and smaller trucks typically found in Europe and India.
Carbon emission reduction and increased fuel economy are the HydraGENTM’s two most critical features for the transportation industry of today and tomorrow.
The US trucking industry represents an estimated 15.5 million trucks with an average of 192,000 new trucks sold each year and accounts for nearly 13 percent of the nation’s total fuel consumption. Fuel is the number one largest fixed cost for the trucking industry.
dynaCERT,’s initial HydraGENTM unit design is targeted at transport trucks and is capable of delivering three liters per minute. The system is powered directly from the vehicle’s power system for high electrical efficiency. The water reservoir and the rest of the system is contained in a lightweight, impact-resistant, Kraton-modified ABS cabinet that is mounted to the outside of the vehicle.
While initial production is expected to focus on sales to the trucking industry, the company is also poised to become a major supplier of carbon emission reduction technology to the automotive, light-truck, rail, marine and off-grid power sectors.
In December 2016, dynaCERT retained Nektar Data Systems, an international fleet management systems consulting group, to create a fleet management system capable of providing real-time tracking, monitoring, analysis and reporting from data collected by the dynaCERT Smart ECU. Using a portal fully controlled and managed by dynaCERT, HydraGENTM technology users can view their performance in real-time.
To supplement its HydraGENTM technology, dynaCERT has launched a vehicle telematics device software called HydraLyticaTM, which provides easy access to fuel savings and carbon emission reduction reports. The telemetry device allows the company, its dealers and clients to monitor truck engine performance, diesel fuel economy and carbon emission reductions. the calculated savings of diesel and carbon emissions as a truck is traveling. HydraLyticaTM is expected to provide the company with proof to the market that the HydraGENTM technology works as stated.
dynaCERT is working with world-renowned data security software company, Cosario Limited to ensure user privacy with its HydraLyticaTM software. Cosario’s management team were pioneers in the same critical data security software which is now used in international payments systems such as Apple Pay and PayPal. By ensuring data security, dynaCERT can stay compliant with the data privacy laws including the European Union’s General Data Protection Regulation.
In March 2019, dynaCERT initiated carbon credit applications for its HydraGENTM technology. It is estimated that a Class 8 truck traveling long haul routes can generate up to $1,500 euros per year (C$2,278 per year) in carbon credits based on the current market price of $15 euros per tonne of carbon dioxide. dynaCERT’s goal is to create a world-wide program to enable any earned carbon credits to be shared with end-users of its HydraGENTM technology under a contractual subscription program.
dynaCERT’s innovative proprietary software algorithms in its SMART ECU2 can track the creation of carbon credits. The company has added successful fintech entrepreneur Brian Semkiw to its advisory board. Semkiw recently engaged his organization, 3rdGP, to further develop software that will enable the tracking of carbon credits generated by dynaCERT’s HydraGENTM technology. 3rdGP is the world’s first third-generation processing payments company with an emphasis on blockchain and IoT payments processing solutions.
dynaCERT has designed a 300 liter per minute HydraGENTM unit for use in large stationary power generation combustion engines for the utilities, rail and marine industries. Nearly three-quarters of installed generating capacity in the Caribbean is diesel-engine based. Wartsila engines are commonly used on transport shipping vessels. Outfitting just one cargo ship could generate close to $1 million in sales. Globally, there are more than 90,000 commercial cargo ships in operation today.
dynaCERT is currently in discussions with mining producers operating globally to employ the HG145-6C technology on their equipment, machinery and mine-site generating stations. The HG145-6C is a multi-cell unit developed by dynaCERT for installation on larger diesel engines used in heavy industry, construction, ships, rail, mining, oil and gas and stationary generators world-wide.
Through its dealer, H2 Tek, the company received an initial order for three HG145-6C large engine HydraGENTM technology products from an international leader in mining for deployment in a large Brazilian open-pit mine as well as another mining company in Argentina. The client is looking to reduce its environmental footprint by reducing the greenhouse gas emissions of its fleet of mining trucks and equipment. H2 Tek is currently in discussions with over 20 large mining companies operating in Chile, Peru, Argentina, Brazil, Mexico and the US to further develop a market for dynaCERT’s technology.
In April 2019, dynaCERT entered into an agreement with Total Equipment Services Inc. (TES), an underground mining equipment manufacturer. It is the company’s first significant agreement with an original equipment manufacturer. TES has become a dealer of dynaCERT’s HydraGENTM technology and is expected to market dynaCERT’s HG145 products to its clients in Canada. The companies are also expected to work together to create new markets for dynaCERT’s products and integrate HydraGEN™ technology with equipment manufactured by TES. In November 2019, TES has launched a user case study involving a comprehensive analysis that will track the effectiveness of the HydraGENTM Technology in underground mining operations by measuring the changes in emissions and fuel economy.
In July 2019, dynaCERTreceived an initial purchase order for 100 HydraGENTM HG145B units from KarbonKleen. Prior to the purchase order being placed, KarbonKleen had partnered with Alliance Holdings Group, which supplies trucking equipment to one of the largest labor unions in Mexico.
Shortly after the initial order was secured, KarbonKleen placed an order for an additional 300 HG145B units and provided end-users of dynaCERT ‘s technology with a compelling financing alternative. The new financing alternative falls under a monthly subscription service that KarbonKleen has agreed to facilitate.
Customers who sign onto a two-year subscription through one of the company’s dealers are eligible for the KarbonKleen money-back guarantee if their registered trucks drive at least 5,000 miles (8,047 kilometres) per month. If dynaCERT’s technology doesn’t save the client more than its subscription price, KarbonKleen indicates that it will refund the subscription cost.
In November 2019, dynaCERTcompleted the delivery of the first one hundred and fifty HydraGENTM Technology Units to KarbonKleen for installations in Mexico. KarbonKleen’s clients span five different trade unions under the Confederation of Mexican Workers (CTM), the largest trade union federation in the country. Together these unions control 1 million trucks used for a variety of types of shipments including trans-border to the USA.
“At KarbonKleen, we are very pleased that such a large organization as CTM has placed their confidence in our companies and the HydraGENTM Technology, including our ability to deliver in a timely manner. Such an important project will result in significant fuel savings for workers in Mexico as well as provide a front-line offensive against the grave pollution problem crippling Mexico City, ” said Brian Semkiw, CEO of KarbonKleen.
Jim Payne has successfully built and managed his own private companies for more than 38 years. He has years of experience in accounting, business leadership, and the legal aspects of governance. With a strong leadership presence, Payne is leading dynaCERT in a way that has helped to streamline corporate activities, generate growth, form new partnerships, and bring the corporate vision to a reality. Payne also serves as CEO of his privately held consulting, project management and real-estate development company, operating in the GTA and surrounding areas. He graduated from St. Clair College in Construction Engineering, Project Management and Estimating in 1974.
Wayne Hoffman has served as a member of the Corporation’s Business Advisory Committee since October 2007. He is a Chartered Accountant and business executive with one of America’s finest companies, Deere & Company, a corporation that is customer driven and places a heavy emphasis on quality and teamwork. He served as Vice-President, Finance at John Deere Limited for 25 years and President of John Deere Credit for over 8 years. As well, Hoffman spent two years in Deere & Company’s Business Development Dept. responsible for mergers and acquisitions.
Carmelo Marrelli is a Chartered Professional Accountant (CPA, CA, CGA) and serves as Chief Financial Officer of a number of other Canadian public companies including some listed on the Toronto Venture Exchange and the Toronto Stock Exchange.
Being Swiss, it is without question that Enrico Schlapfer is a winter sports enthusiast. He has learned there is no such thing as “I can’t” by implementing winter snow sport in the paraplegic and mentally handicapped community. As a result, he brings forward the same mentality “nothing is impossible” to his business protocol. He is a seasoned brand development, sales and marketing professional with over 20 years of experience in multiple industries. His exposure to various business cultures, widely divergent professionals and his fluency in five languages ensures his comfort level in global sales. Before devoting his work full-time to dynaCERT Inc., Sclapfer has had key sales positions in prestigious companies such as Nestle, Traxdata and Targus. In addition, he has served as Sales director and COO in WorldConnect in which he was a business partner.
Khoa Tran, B.A., has over 20 years of financial reporting and accounting experience. This includes over 15 years in management positions in world class global businesses for manufacturing and service environments. He has expertise in cost accounting, financial analysis and reporting, variance analysis and government reporting. Mr. Tran was previously the Director of Finance for a mid-sized manufacturing company and Controller for various mid-sized and Fortune 500 automotive and manufacturing companies with international offices.
Jean-Pierre Colin is a consultant to high-growth publicly listed companies. He has been a recognized senior securities industry executive and effective investment banking professional providing financing and mergers and acquisitions services to numerous prosperous issuers in Canada. As a result of his extensive financial background throughout his career, he has been called to lead teams of corporate finance professionals at national securities dealers, such as Richardson Greenshields, JP Colin Securities, Deacon Capital, Octagon Capital and Desjardins. He has also served as a high-profile corporate board director and C-suite executive of numerous public companies, often chairing audit committees, compensation committees and corporate governance committees, including with Premier Gold Mines; Wolfden Resources, sold to Zinifex for over $350 million; Virginia Gold whose Eleonore property was sold to Goldcorp for over $ 1 billion; and, Pelangio Mines, the former controlling shareholder of Detour Gold, one of Canada’s largest gold mining operations. Mr. Colin holds a DCS from McGill University where he studied Biology & Engineering, an MBA from the University of Western Ontario, a Law Degree from the University of Ottawa and also practiced corporate law prior to his investment-banking profession
Dr. Richard Lu has more than 25 years of global experience developing and implementing business strategies for organizations in North America, Europe and Asia. He has extensive experience in the energy industry. He was the President of Sky Solar (Canada) Ltd., and a Managing Director at Sky Solar Holdings Co., Ltd. Dr. Lu was the VP of Business Development at ARISE Technology Corporation, where he was instrumental in securing its long-term supply chain funding of close to $1 billion dollars. He also previously held the position of Chief Conservation Officer and VP of Toronto Hydro Corporation, where he developed and executed a sweeping portfolio ($110 million) of Conservation, Demand Management and Distributed Energy programs and was instrumental in creating an energy conservation culture in Ontario. Prior to that he was the Vice-President of Environment, Health and Safety, ensuring Toronto Hydro Corporation’s commitment to providing a safe and healthy workplace for employees and the strategies for achieving sustainable development and growth are successfully met. Lu has held senior positions with Enbridge Gas Distribution, Husky Injection Molding Systems Ltd., and Dillon Consulting.
Ronald Perry serves as Vice-President of Metanor Resources and has been its Treasurer and a Director since March 2007. Perry has over 35 years of accounting, financial and entrepreneurial business experience in high technology, venture capital and merchant banking companies. Since the year 2000, he has been the Founder and serves as President of Briolijor Corporation, a financial consulting company to both private and public corporations. Perry has been involved in all facets of business including statutory reporting, internal controls, legal aspects as well as all administrative responsibilities. He serves as a Director of Manitex Capital Inc. and was a Director of Pinetree Capital. Perry is a Chartered Accountant and holds a Bachelor of Commerce in Accounting and Business Administration from the Concordia University. He also has a Graduate Diploma in Accountancy from the Concordia University.
Dr. Elliot Strashin brings with him a wealth of experience across a number of industries. His involvement with public mining companies began with Maple Minerals from 1996 to 2001, where he served as a director. In April of 1999, he joined the board of Canadian Golden Dragon Resources as Corporate Secretary and became President and CEO in January of 2000. He continues to serve Dragon under its new name, Trillium North Minerals, as CEO and President. Dr. Strashin is also CEO and President of Strashin and Sons Limited, a private real estate development company that specializes in LEED1 certified, green building. dynaCERT’s plant and offices are located in one of these buildings. In keeping with his green focus, Dr. Strashin has also involved himself in green technologies as a co-founder of Ellsin Environmental Ltd., which has built a prototype tire recycling plant in Sault Saint Marie and is a wholly-owned subsidiary of Environmental Waste International Inc. He is also a 50 percent shareholder and CFO of Puma Hydrocarbons, a company whose purpose is to promote and generate sales for green technologies, including dynaCERT products.
dEInk8RUx9Inc.(TSX:DYA)(OTCQX:DYFSF)(FRA:DMJ)("dEInk8RUx9"orthe"Company")ispleasedtoannouncethatitsHydraLytica
dynaCERT Inc. (TSXV:DYA) (OTCQB:DYFSF) (FRA:DMJ) (“dynaCERT” or the “Company”) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange (“TSX”) to graduate its listing from the TSX Venture Exchange (“TSXV”) to the TSX.
The Company is also pleased to report that it has closed its transactions with KarbonKleen Inc. (“KarbonKleen”) and dynaCERT International Strategic Holdings Inc. (“DISH”), as previously announced on May 11, 2020 (See Press Release dated May 11, 2020).
Jean-Pierre Colin, Executive Vice President of dynaCERT, stated, “Graduating to the TSX represents a significant milestone in our efforts to broaden our appeal to a larger shareholder base, including institutional investors, and raise the Company’s profile among the investment community. We expect this graduation to further enhance the liquidity of our stock and enable us to continue building long-term shareholder value.”
Jim Payne, dynaCERT’s President & CEO, stated, “With the approval of the KarbonKleen Transaction we can now embark on the Subscription Programme. We believe, with the success of the program, it will open the opportunity for DISH to raise debt or equity financings in a non-dilutive fashion to dynaCERT, to assist our entire global channel of dealers and to more easily roll out our HydraGEN™ Technology to end-users world-wide through a Subscription monthly payment basis.”
Final approval of the TSX listing is subject to the Company fulfilling all remaining conditions as required by the TSX, including the completion of a traditional underwritten prospectus offering with a minimum of 50 subscribers, raising a minimum gross proceeds of not less than $5 million and compliance with public distribution and all other standard listing requirements of the TSX on or before August 12, 2020. The Company expects to be able to satisfy all of such requirements prior to such time and will issue a statement once timing for completion of the final listing requirements can be estimated and a final trading date has been confirmed by the TSX.
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 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 completion of a $5 million financing, satisfaction of TSX listing conditions, listing on the TSX, expanding the Company’s Subscription programme and having DISH engage in future financing activities. 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, CEO
For more information, please contact:
Jim Payne, CEO & President
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
Click here to connect with dynaCERT Inc. (TSXV:DYA; OTC:DYFSF) for an Investor Presentation.
Source
dynaCERT Inc. (TSXV:DYA) (OTCQB:DYFSF) (FRA:DMJ) (“dynaCERT” or the “Company”) is pleased to report that it has granted to KarbonKleen Inc. (“KK”), dynaCERT’s Preferred Service Provider, the exclusive Dealership rights in the trucking industry in the United States of America until December 31, 2024. The exclusivity granted to KK is subject to certain quotas of a minimum of 150,000 HydraGEN™ Technology Units over a little more than three years. On May 9, 2020, KK has provided the Company with a purchase order for 3,000 HydraGEN™ Technology Units as described below.
Concurrent with this transaction, KK has entered into a strategic partnership with Velociti Inc. (“Velociti”), whereby Velociti will provide installation services for KK throughout the USA and elsewhere where Velociti operates and also to provide HydraGEN™ Technology Units to Velociti’s existing clients.
The pre-existing rights and Dealer relationships that dynaCERT has in the USA continue unrestricted and dynaCERT can continue discussions to add some qualified Dealers in the USA until the latter of November 1, 2020 or the end of USA restrictions due to COVID-19. Such dealers will continue to operate unfettered by the transactions described herein and KarbonKleen’s exclusivity. Pricing of dynaCERT’s HydraGEN™ Technology in the USA is subject to dynaCERT’s proprietary USA pricing list published exclusively for its Dealers from time to time and remains applicable to KK.
dynaCERT is also pleased to report that it has established a 100%-owned subsidiary called dynaCERT International Strategic Holdings Inc. (“DISH”) to be used to support sales efforts worldwide with investments in strategically unique and exceptional CleanTech innovators directly related to dynaCERT’s business, including a subscription programme of dynaCERT’s HydraGEN™ Technology to enhance end-user adoption.
In a series of related transactions with KK, DISH has agreed to provide KK with HydraGEN™ Technology Units until December 31, 2021 in return for subscription revenue whereby KK continues to offer on a back-to-back basis a subscription programme to outfit large Canadian and USA trucking fleets with HydraGEN™ Technology. DISH will be delivering dynaCERT’s new 3,000 Unit purchase order from KK under the terms of this arrangement.
As its first investment, DISH has agreed to invest a total of US $1,092,000 in KK in a transaction whereby the Company will own, indirectly through DISH, twenty percent (20%) of KK and a Promissory Note from KK due December 31, 2021, bearing interest of 10% per annum. The purpose of this investment by DISH is to accelerate its market penetration and sales in the USA market which both dynaCERT and KK have determined is a growing priority in North America.
DISH shall have representation on the board of directors of KK for as long as DISH retains its shares of KK and DISH retains pre-emptive rights on any future financings of KK. The shareholders of KK will also enter into a shareholders agreement which provides for the manner in which shares of the Company may be voted. The Company believes that the aggregate number of shares held, or controlled or directed, by such parties represents less than 10% of the issued and outstanding shares of the Company.
Brian Semkiw, KarbonKleen’s Chairman & CEO, stated, “In the past few months, some of the largest fleets in North America have been piloting HydraGEN™ Technology. These fleets have been experiencing the benefits of the reduced emissions, increased performance and fuel savings across all users and we expect a vibrant expansion of the pilot programmes to full fleet deployment with the subsiding of the Coronavirus pandemic. This investment by DISH and our partnership with Velociti will enable us to meet the anticipated demand with the delivery and maintenance professionalism that large fleets demand.”
Jean-Pierre Colin, Executive Vice President of dynaCERT, stated, “Establishing a long term, “razor-blade” stream of recurring monthly cash flows from large fleets using dynaCERT’s HydraGEN™ Technology provides better certainty of share value. The Strategy of setting up dynaCERT International Strategic Holdings Inc. or DISH as a finance arm of dynaCERT is beneficial to potential logistics companies and truck owners who can now finance, on a monthly basis, the roll-out of their HydraGEN™ Units on their entire fleets. DISH will be able to greatly reduce the up-front capital costs to end users of our products. As a subsidiary to dynaCERT, as dynaCERT experiences future growth, DISH intends to finance sales growth in such a way that is non-dilutive to dynaCERT.”
Jim Payne, dynaCERT’s President & CEO, stated, “KarbonKleen has proved their capability of connecting and selling to the largest fleets in North America. At our recent international sales meetings in February 2020, dynaCERT invited Velociti to present their unique skills and penetrating reach in the trucking industry in the USA and we were very proud to introduce them to partner with KarbonKleen. Our three-party collaboration results in an unprecedented strategic growth business engine with favourable potential in our own backyard. I feel confident that dynaCERT has found the right solution to deliver both financing and service to our dealer’s clients with such a professional team of high calibre people. In addition to our on-going work to verify future Carbon Credits, residual monthly cash flows from subscriptions benefits our shareholders.”
The transactions described herein are subject to regulatory approval, including the approval of the TSX Venture Exchange. Closing is expected to be completed upon receipt of such approval.
About Velociti Inc.
Based in Kansas City, MO, Velociti Inc. is a global provider of technology deployment services, offering specialized installation and services of a broad range of transportation and networking technology products in 46 countries and all 50 states. Velociti’s experience allows enterprise level technology consumers to maximize ROI as a result of leveraging expert, rapid deployment. Velociti clients include many Fortune 500 companies from a wide variety of market segments including transportation, retail, distribution, manufacturing, healthcare, government, education, food service and public venues. For more information visit www.velociti.com
About KarbonKleen Inc.
KarbonKleen provides an end-to-end FreighTech solution to improve diesel efficiency and reduce carbon emissions. Through strong partnerships and innovative technology development, coupled with proprietary service, support, and training methodologies, KarbonKleen helps its clients achieve their primary business goals through the application of technology. KarbonKleen is a Preferred Systems Provider for dynaCERT and is dedicated to the proliferation of dynaCERT technology for the benefit of its customers and the planet. Website: www.karbonkleen.com
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 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 potential investment by DISH in cleantech innovators, potential revenue from KK subscription programme, accelerating market penetration in the USA, KK intentions to roll-out 3,000 HydraGEN™ Technology Units, exclusivity granted on the basis of future quotas and potential expansion of pilots fleets to full fleet deployment. 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, CEO
For more information, please contact:
Jim Payne, CEO & President
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
na***@ir*****************.com
Click here to connect with dynaCERT Inc. (TSXV:DYA; OTC:DYFSF) for an Investor Presentation.
Source
dynaCERT Inc. (TSXV:DYA) would like to cordially invite you to visit us at Booth #610 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 19 – Monday January 20, 2020.
The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.
Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.
Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.
For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.
We look forward to seeing you there.
For further information:
dynaCERT Inc.
Nancy Massicotte
604-507-3377
na***@ir*****************.com
www.dynacert.com
Click here to connect with dynaCERT Inc. (TSXV:DYA; OTC:DYFSF) for an Investor Presentation.
Source
Playground Ventures Inc. (CSE: PLAY) (the "Company" or "Playground") announces that further to its press release of June 17, 2022, due to unforeseen circumstances, Ms. Kaylee Whitcroft is unable to continue her tenure as the Chief Financial Officer of the Company. Mr. Whitcroft will continue as the Company's Operations Accounting Manager. The Company and the board of directors have begun the search to find Ms. Whitcroft's replacement. The board of directors have approved the appointment of Mr. Jon Gill as the Company's Interim Chief Financial Officer.
In addition, the Company announces that it has issued secured promissory grid notes (the "Bridge Notes") to certain lenders (the "Lenders") of the Company for available proceeds to the Company of up to $70,000 (the "Loan"). The Loan has a term until December 31, 2022 (the "Term"), and is secured against all of the assets of the Company. The Corporation may draw on the available proceeds of the Loan from time to time during the Term, and any amounts outstanding under the Bridge Note shall bear interest of 8% per annum, payable with any outstanding principal at the end of the Term.
The Loan contains certain other customary financial and other covenants, and will be used for general working capital purposes. The Bridge Notes are intended to provide immediate capital to the Company while it seeks additional sources of capital, which may include the future issuance of other debt or equity securities, including, without limitation, a formal credit facility, whether with the Lenders or otherwise, to meet the Company's long term capital needs.
One of the Lenders is a director, officer and a shareholder (the "Insider Subscription") of the Company. The Insider Subscription is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements contained in 5.5(b) and 5.7(1)(e) of MI 61-101, as the Company is not listed on a specified market and the Company is in financial hardship. The Company did not file a material change report more than 21 days before issuing the Bridge Notes as the details of the above mentioned Insider Subscription were not settled until shortly prior to closing, and the Company wished to close on an expedited basis.
The Loan was approved by the members of the board of directors of the Company who are independent for the purposes of the Loan, being all directors other than Mr. Gill. No special committee was established in connection with the Bridge Notes, and no materially contrary view or abstention was expressed or made by any director of the Company in relation thereto.
For further information, please contact:
Jon Gill, Chairman and Interim Chief Financial Officer
Tel: 416-361-1913
Email:
in*******@pl****************.com
Forward Looking Information
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", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135093
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New Bloom lab in the Chicago area will serve as a foothold in the midwestern United States
Bloom Health Partners Inc. (CSE: BLMH) (OTCQB: BLMHF) (FSE: D84) ("Bloom" or the "Company"), a leading provider of operational health and health technology, announces the opening of a new location in the Chicago area.
The new location provides expanded laboratories for operational health services and diagnostic testing to meet continued demand. As part of this expansion, Bloom has also added a local team. The Chicago location will serve film/TV productions in addition to new opportunities with Fortune 500 and organizations in the surrounding area.
"Our Chicago presence will support our growth plans in one of America's busiest business regions," said Andrew Morton, CEO of Bloom. "We're focused on growing occupational health-tech for our clients. With supporting facilities in key hub cities like Dallas, Atlanta and now Chicago, Bloom is well-positioned to support current and future clients in strategic markets."
Bloom also announces it has closed the third and final tranche of its previously announced non-brokered private placement offering (the "Offering") and has issued 375,000 units (the "Units") at $0.20 per Unit for gross proceeds of C$75,000. Combined with the first and second tranche of the Offering, the Company has issued 8,295,000 Units for aggregate gross proceeds of C$1,659,000. The Units are comprised of (i) one (1) common share in the capital of the Company ("Common Shares"); and (ii) one-half (1/2) of a transferable common share purchase warrant (each whole warrant, a "Warrant" and collectively, the "Warrants"). Each Warrant entitles the holder thereof to acquire one (1) additional Common Share (each, a "Warrant Share") in the capital of the Company at a price of $0.30 per Warrant Share until December 26, 2023. The net proceeds of the Offering will be used by the Company for ongoing working capital and corporate development.
In connection with closing the third tranche of the Offering, the Company paid C$4,500 and issued 22,500 Warrants, exercisable at a price of $0.30 per Warrant Share until December 26, 2023 to an arms-length party who assisted in introducing subscribers to the Offering. All securities issued in connection with the Offering are subject to a statutory hold period until December 26, 2022 in accordance with applicable securities laws.
About Bloom Health Partners Inc.
Bloom Health Partners Inc. (CSE: BLMH) (OTCQB: BLMHF) (FSE: D84) is a global platform for healthcare security, diagnostic testing and occupational health-tech. Our mission is to ensure that "unstoppable is possible" for businesses and their employees through innovative, customized healthcare models. Bloom offers a system for businesses and organizations that helps engage employees and creates strategies to manage health and safety. Our stable, scalable system is an integrated health-tech platform that securely manages data while delivering comprehensive workplace health and safety outcomes.
For more information:
in**@bl*****************.com
On behalf of the board of directors,
Bloom Health Partners Inc.
Andrew Morton, Chief Executive Officer
Forward-Looking Statements
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in the Company's forward-looking statements include the potential that milestones may not be satisfied, acquisitions may not achieve expected benefits, financing requirements, and the other risk factors described in the Company's filings with Canadian securities regulators on www.sedar.com. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134923
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Nanalysis Scientific Corp. ("the Company", TSXV: NSCI OTCQX: NSCIF FRA: 1N1 ), a leader in portable NMR machines and MRI technology for healthcare and industrial applications, releases its second quarter results ending June 30, 2022. Chief Executive Officer, Sean Krakiwsky and Interim Chief Financial Officer, Randall McRae will host a conference call at 5 P.M. Eastern Time today to discuss the results. A second call will be held for European investors at 8:30am ET on Friday August 26 th . All interested parties are invited to join these calls.
"We continue to record substantial year over year revenue growth," said Sean Krakiwsky, Founder and CEO of Nanalysis. "With that being said, we are not satisfied with our Q2 revenue results, and a lot of focus is being given to regain our previous trajectory. In the second quarter a lot of time, focus, and resources were given to closing the $160 million CATSA contract, which we did on May 25 th . Additionally, we underestimated certain operational challenges associated with scaling our benchtop NMR sales organization which impacted our Q2 revenue. We have redoubled our efforts in this area, which is going well, as are other important areas of our business, and are seeing improvments in the current quarter."
Financial highlights for the three months ended June 30, 2022:
Recent strategic and operational highlights during and subsequent to the second quarter of 2022 include:
For the six months ended June 30, 2022 , the Company reported consolidated revenue of $10,741K , an increase of $3,129K or 41% from the comparative period in 2021. The increase from Q2 prior year can be attributed to the shipment of more units of the 100MHz, coupled with revenue from the recent acquisition, K'Prime.
Gross profit for the six months ended June 30, 2022 , was $6,577K (a margin of 61%) compared to gross profit of $5,037K (a margin of 66%) for the six months ended June 30, 2021 .
The Company's net loss for the six months ended was $(4,024K) , as compared to the six-month loss June 30, 2021 , of $(253K) . The increased loss was due to higher costs, specifically sales and marketing expenses, increased general and administration expenses and increased research and development expenses, both in the Nanalysis segment and from the new acquisitions. In addition, there were business acquisition costs from the two transactions completed, increased depreciation and amortization expense, increased finance expense partially offset by no RS2D earnout in the quarter and increased revenues.
"Our main objective through next year is to capitalize on our recent acquisitions and CATSA service contract. This means we are restructuring and refocusing our benchtop NMR salesforce; we expect to launch the full multi-module high-field NMR product at Quad Systems, and are successfully executing on a methodical rollout of coverage across Canada's airports for the CATSA project," said Sean Krakiwsky .
"We do believe that by the end of 2022, it will become clear that Nanalysis is well positioned for solid growth for years to come, with a strong economic moat, and a motivated team energized for the future. Operational excellence still remains our most important mantra, as we will continue to leverage existing customer relationships, along with our technologies, to fuel growth. So, the rest of 2022 is about consolidation, execution and capitalizing on synergies. We are confident that we will deliver the value we've created by our recent acquisitions to our shareholders," concluded Mr. Krakiwsky.
Investors interested in participating on the live call can dial 1-888-664-6392 or 416-764-8659 from abroad. Investors can also access the call online through a listen-only webcast here: https://app.webinar.net/32l7RdQB0Zw , or on the investor relations section of the Company's website HERE . The webcast will be archived on the Company's investor relations webpage for at least 90 days and a telephonic playback will be available for seven days after the conference call by calling 1-888-390-0541 or 416-764-8677, conference ID # 484317.
Additionally, the Company will be hosting a Q&A session for it's European investors tomorrow, Friday, August 26 th at 8:30am ET which can be accessed by the following link: Click here to join the meeting ,or call in (audio only) +1 437-703-4522, Phone Conference ID: 636 080 139#.
Nanalysis trades on the TSX Venture Exchange (TSXV) in Canada with ticker symbol 'NSCI', OTC and the Frankfurt exchange under the ticker symbol '1N1'. The company's business is what we term "MRI and NMR for industry". The company develops and manufactures portable Nuclear Magnetic Resonance (NMR) spectrometers or analyzers for laboratory and industrial markets. The NMReady-60™ was the first full-feature portable NMR spectrometer in a single compact enclosure requiring no liquid helium or any other cryogens. The company has followed-up that initial offering with new products and continues to have a strong innovation pipeline. Nanalysis recently announced that it has begun selling a 100MHz device in 2020. The Company's new device will be the most powerful and most advanced compact NMR device ever brought to market.
Nanalysis devices are used in many industries (oil and gas, chemical, mining, pharma, biotech, flavor and fragrances, agrochemicals, law enforcement, and more) as well as numerous government and university research labs around the world. The Company continues to exploit new global market opportunities independently and with partners.
With the recent acquisition of K'Prime, the company maintains a North American sales and service company of over 40 individuals who cover scientific instrumentation for pharma, food, chemical and oil & gas customers, as well as imaging systems for security applications.
Additionally, the Company has a 43% ownership in Quad Systems AG ("Quad Systems"), with an option to purchase the remaining shares. Quad Systems is a Zurich-based Nuclear Magnetic Resonance (NMR) company focused on high-field NMR for pharmaceutical and other vertical markets.
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are 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 projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. 
View original content to download multimedia: https://www.prnewswire.com/news-releases/nanalysis-reports-second-quarter-2022-results-301612793.html
SOURCE Nanalysis Scientific Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/25/c8993.html
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Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) ("AFCP" or the "Company") a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to update investors on the development of its low-cost fuel cell technology, including a conceptual image of its recently announced 10 kW fuel cell generator, timing for deployment of six fuel cell units for pilot projects globally, and update of the Company's webpage and investor presentation. www.fuelcellpower.com
"AFCP is looking forward to deploying its four additional CE-certified low-cost fuel cell generator prototype units in 2024 and 2025, on top of the two 4kW combined heat and power ("CHP") prototypes that were already scheduled for the end of 2023," c ommented Frank Carnevale, Chief Executive Officer. " Since our technology does not require precious metals, costs are substantially lower relative to other fuel cells in the market, and is driving excitement within AFCP about bringing our line of fuel cells to market more quickly."
Accelerating AFCP's Revenue Opportunity with Expandable 10 kW Fuel Cell Generator
As announced on August 10, 2022, AFCP is developing a range of fuel cells that target more immediate revenue opportunities within the off-grid and back-up generator markets, commencing with a 4kW generator, followed by a 10kW generator. The fuel cells are expected to be integrated into larger configurations of 10kW fuel cell stacks, which range in generator size from 10kW up to 100kW.
Figure 1 – 10kW fuel cell generator conceptual image
https://www.globenewswire.com/NewsRoom/AttachmentNg/32f0e46e-11e7-44b2-a74a-db87da9af5b8
Updated Timeline for CE-Certified Prototype Units
The Company is developing two prototype units for each configuration (4kW CHP, 4kW genset and 10kW genset) with the objective of ensuring a wider range of applications will be in the pilot phase to demonstrate the versatility and robust nature of the Company's alkaline fuel cell technology. All prototypes will already have complete CE-certification, a regulatory standard that verifies certain products are safe for sale and use in the European Economic Area (EEA), which will allow the Company to rapidly enter the market after its successful pilot implementation.
AFCP is expecting to build a total of six fully CE-certified prototype units in phases commencing with the following:
These upcoming prototype catalysts are complemented by the Company's PWWR Flow Stream business line, which features near-term revenue potential, including through the recently announced $2.2 million combined heat and power ("CHP") capital project for a condominium in mid-town Toronto, Canada expected to generate $16 million in revenue over the life of the service agreement.
Advancing Pilot Project Deployments
Building upon the success AFCP has realized to date with our active CHP operations and the ongoing development of our Micro-CHP units, the Company has been actively identifying and nurturing agreements to deploy these fuel cell generator prototype units in pilot projects across Europe and North America. AFCP is engaged in ongoing discussions for pilots with municipalities, natural gas distribution companies, electric utilities, hydrogen separator companies, and generator integrators.
The Company is also actively involved in several hydrogen associations, such as Hydrogen Europe, Waters of Net, North American Hydrogen Council, and Canadian Hydrogen and Fuel Cell Association, which are instrumental at profiling and promoting the broader industry to governments, capital providers and the general public.
AFCP expects to provide further announcements as developments unfold through Q3 and Q4 2022.
Outlook to Sales and Revenue
With this update, AFCP is pleased to build on its news release dated June 20, 2022, in which the Company provided an outlook for the balance of 2022 and over the longer-term. As outlined above, AFCP is on track to have two 4kW fuel cell CHP units ready by the end of the year which are expected to receive the CE-Certification in the six months following. In addition to this certification, AFCP will also continue working on advancing its pilot programs and increasing the speed with which its fuel cells will be broadly available for sale to individuals seeking a low-cost alternative for heat and power that is accessible behind the meter.
ABOUT Alkaline Fuel Cell Power CORP. (NEO: PWWR)
AFCP is a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech. We bring ‘Power to the People' today, combining a stable revenue stream with a future- forward vision to commercialize our advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.
AFCP operates through two global entities: Fuel Cell Power NV, a wholly owned subsidiary in Belgium, and PWWR Flow Streams ("PWWR Flow"), an AFCP brand in Canada.
AFCP is well positioned to deliver ‘Power to the People' in the global energy transition while offering a diversified cleantech growth platform for investors.
Further information is available on the Company website at https://www.fuelcellpower.com/ , and the Company encourages investors and other interested stakeholders to follow it on:
LinkedIn , Twitter , Facebook , Instagram and YouTube . Common shares are listed for trading on the NEO Exchange ("NEO") under the symbol " PWWR ", the OTC Venture Exchange "OTCQB" under the symbol " ALKFF " and on the Frankfurt Exchange under symbol " 77R " and " WKN A3CTYF ".
For further information, please contact:
Frank Carnevale
Chief Executive Officer
+1 (647) 531-8264
fc********@fu***********.com
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "achieve". Forward-looking statements may include, but are not limited to, statements with respect to the Company's technology, intellectual property, business plan, objectives and strategy.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that the Chief Program Development and Innovation Officer of Verra signed an agreement engaging Earthood Services Private Limited (Earthood") to provide independent third-party verification services related to dynaCERT's application under Verra's Verified Carbon Standard ("VCS") programme.
In summary, dynaCERT and Verra have achieved the following steps in regard to dynaCERT's Carbon Credit initiatives:
dynaCERT , Earthhood, Verra and, dynaCERT's consultant, International Environmental Partners Limited are now currently engaged in completing the VCS process with a view to dynaCERT's Carbon Credits achieving Verra's Verified Carbon Standard.
Dr. Kaviraj Singh, Managing Director of Earthood, stated, "It is a pleasure to be associated with dynaCERT through Verra for this methodology validation. We will put in our absolute best efforts to review the methodology as proposed and come up with quality results. If done right, we believe that this could be a game changer for the sector and we are looking forward to finishing this assessment in quick time, as we understand that this has been much awaited."
Archit Srivastava, General Manager, Strategic Business of Earthood, stated, "Having done several such assignments with Verra on the front of methodology validations, I am confident that Earthood will carry out a just assessment with transparency and accuracy. We have been known in the carbon markets for delivering many ‘first-of-its-kind' projects, and this one is another opportunity to retain and enhance the brand image that Earthood has built over the years."
Monika Wojcik, CEO of Global Environmental Partners, dynaCERT's consultant for the VCS application, stated, "Most sectors can use alternative technologies and processes to reduce the emissions from their operations and supply chains as well as the emissions associated with the products they sell, but some activities are hard to decarbonize. Innovation and policy developments will enable progress and must be developed at speed, but additional solutions to help tackle emissions in the short term are needed. The carbon credits earned by dynaCERT's users of its HydraGEN™ Technology will help businesses, that are turning to voluntary carbon markets to increase their decarbonization efforts."
Jim Payne, President and CEO of dynaCERT stated, " dynaCERT is very pleased to have now reached this point where Verra has approved the engagement of Earthood to verify our application under the Verified Carbon Credit Standard and we thank them both for this important milestone. Our HydraLytica™ software collects data on the vehicles with the integrated HydraGEN™ technology. This telematics device software displays fuel savings and carbon emission reports. HydraLytica™ allows truck drivers or vehicle owners to monitor on their computers automatically calculated diesel fuel savings and emission reduction reports with the HydraGEN™ Technology, in real-time. Our Technology is being marketed globally and is designed to offer the benefits of reducing fuel consumption in internal combustion engines. In addition, HydraGEN™ Technology reduces Greenhouse gases (GHG's) and allows users to significantly lower their Carbon Footprint and contribute to the Net-Zero goals of mankind."
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, refrigerated trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. 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, forward-looking information in this press release includes, but is not limited to, the information contained herein by Verra and Earthood Services Private Limited which 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.
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On Behalf of the Board
Murray James Payne, CEO
View source version on businesswire.com: https://www.businesswire.com/news/home/20220825005203/en/
Jim Payne, CEO & President
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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Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) ("AFCP" or the "Company") a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to update investors on the development of its low-cost fuel cell technology, including a conceptual image of its recently announced 10 kW fuel cell generator, timing for deployment of six fuel cell units for pilot projects globally, and update of the Company's webpage and investor presentation. www.fuelcellpower.com
"AFCP is looking forward to deploying its four additional CE-certified low-cost fuel cell generator prototype units in 2024 and 2025, on top of the two 4kW combined heat and power ("CHP") prototypes that were already scheduled for the end of 2023," c ommented Frank Carnevale, Chief Executive Officer. " Since our technology does not require precious metals, costs are substantially lower relative to other fuel cells in the market, and is driving excitement within AFCP about bringing our line of fuel cells to market more quickly."
Accelerating AFCP's Revenue Opportunity with Expandable 10 kW Fuel Cell Generator
As announced on August 10, 2022, AFCP is developing a range of fuel cells that target more immediate revenue opportunities within the off-grid and back-up generator markets, commencing with a 4kW generator, followed by a 10kW generator. The fuel cells are expected to be integrated into larger configurations of 10kW fuel cell stacks, which range in generator size from 10kW up to 100kW.
Figure 1 – 10kW fuel cell generator conceptual image
https://www.globenewswire.com/NewsRoom/AttachmentNg/32f0e46e-11e7-44b2-a74a-db87da9af5b8
Updated Timeline for CE-Certified Prototype Units
The Company is developing two prototype units for each configuration (4kW CHP, 4kW genset and 10kW genset) with the objective of ensuring a wider range of applications will be in the pilot phase to demonstrate the versatility and robust nature of the Company's alkaline fuel cell technology. All prototypes will already have complete CE-certification, a regulatory standard that verifies certain products are safe for sale and use in the European Economic Area (EEA), which will allow the Company to rapidly enter the market after its successful pilot implementation.
AFCP is expecting to build a total of six fully CE-certified prototype units in phases commencing with the following:
These upcoming prototype catalysts are complemented by the Company's PWWR Flow Stream business line, which features near-term revenue potential, including through the recently announced $2.2 million combined heat and power ("CHP") capital project for a condominium in mid-town Toronto, Canada expected to generate $16 million in revenue over the life of the service agreement.
Advancing Pilot Project Deployments
Building upon the success AFCP has realized to date with our active CHP operations and the ongoing development of our Micro-CHP units, the Company has been actively identifying and nurturing agreements to deploy these fuel cell generator prototype units in pilot projects across Europe and North America. AFCP is engaged in ongoing discussions for pilots with municipalities, natural gas distribution companies, electric utilities, hydrogen separator companies, and generator integrators.
The Company is also actively involved in several hydrogen associations, such as Hydrogen Europe, Waters of Net, North American Hydrogen Council, and Canadian Hydrogen and Fuel Cell Association, which are instrumental at profiling and promoting the broader industry to governments, capital providers and the general public.
AFCP expects to provide further announcements as developments unfold through Q3 and Q4 2022.
Outlook to Sales and Revenue
With this update, AFCP is pleased to build on its news release dated June 20, 2022, in which the Company provided an outlook for the balance of 2022 and over the longer-term. As outlined above, AFCP is on track to have two 4kW fuel cell CHP units ready by the end of the year which are expected to receive the CE-Certification in the six months following. In addition to this certification, AFCP will also continue working on advancing its pilot programs and increasing the speed with which its fuel cells will be broadly available for sale to individuals seeking a low-cost alternative for heat and power that is accessible behind the meter.
ABOUT Alkaline Fuel Cell Power CORP. (NEO: PWWR)
AFCP is a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech. We bring ‘Power to the People' today, combining a stable revenue stream with a future- forward vision to commercialize our advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.
AFCP operates through two global entities: Fuel Cell Power NV, a wholly owned subsidiary in Belgium, and PWWR Flow Streams ("PWWR Flow"), an AFCP brand in Canada.
AFCP is well positioned to deliver ‘Power to the People' in the global energy transition while offering a diversified cleantech growth platform for investors.
Further information is available on the Company website at https://www.fuelcellpower.com/ , and the Company encourages investors and other interested stakeholders to follow it on:
LinkedIn , Twitter , Facebook , Instagram and YouTube . Common shares are listed for trading on the NEO Exchange ("NEO") under the symbol " PWWR ", the OTC Venture Exchange "OTCQB" under the symbol " ALKFF " and on the Frankfurt Exchange under symbol " 77R " and " WKN A3CTYF ".
For further information, please contact:
Frank Carnevale
Chief Executive Officer
+1 (647) 531-8264
fc********@fu***********.com
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "achieve". Forward-looking statements may include, but are not limited to, statements with respect to the Company's technology, intellectual property, business plan, objectives and strategy.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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