dynaCERT Secures its First Ontario Trucking Fleet Order
April 11, 2019 (Source) — dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) is pleased to announce that it has received a purchase order for ten (10) HG145 units of its HydraGEN™ Technology from a Toronto area business, Newport Environmental Technologies (“Newport”), a member of the Sparta Group (TSX.V:SAY). Newport, which is a Canadian environmental company focusing on reducing waste and sequestering CO2 emissions, has agreed to purchase the HydraGEN™ Technology to enhance combustion and track greenhouse gas emissions on its entire fleet of highway tractors that operate in the Greater Toronto area.
All vehicles that are to be outfitted with dynaCERT’s HydraGEN™ Technology are highway tractors, typically hauling 53-foot bulk trailers and travelling east-west across the North of Toronto via Hwy 401. On average, each vehicle travels about 700 kilometres (435 miles) per day, translating into about 1,700,000 kilometres (1,080,000 miles) per year for the entire fleet and thus consuming some 750,000 litres (198,000 gallons) of diesel fuel and producing over 2,000 tonnes of GHG per year.
Newport’s Trevor McCagherty, said, “This purchase is part of our overall strategy that is looking to transform single-use plastics into synthetic fuel to be used to power our fleet and lower our carbon footprint. Our team is familiar with the benefits provided by hydrogen enhanced combustion. HydraGEN™ Technology is particularly important to us as a proven catalyst which increases the burn rate while reducing emissions and improving torque and power. As Sparta continues to look at developing alternative fuel mixtures, HydraGEN™ Technology can enhance all our endeavours including in synthetic diesel as well as in biofuels. What becomes even more interesting is the ability of the HydraGEN™ Technology to measure and track GHG reduction.”
The units are expected to be installed over the next several weeks as Newport’s equipment comes in for service.
Jim Payne, President & CEO of dynaCERT commented, “As a Canadian company rapidly growing internationally, I am very proud that dynaCERT has been able to obtain the first such noteworthy commitment from an Ontario trucking fleet operating locally. We look forward to working closely with Newport and Sparta and its extremely knowledgeable management. On behalf of the board of directors of dynaCERT, I sincerely thank John O’Bireck, a member of our advisory board, for his invaluable assistance in securing our important new client.”
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our 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 and forestry equipment, marine vessels and railroad locomotives. Website:www.dynaCERT.com
Get our daily investorintel update
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 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 VentureExchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
InvestorIntel.com is a leading online source of investor information that provides public market coverage for both investors and industry alike. A qualified online influencer through ... <Read more about InvestorIntel>