dynaCERT Announces the Appointment of a new Chief Financial Officer

Rhea-AI Summary

dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) announces the appointment of Jean-Pierre Colin as interim Chief Financial Officer, effective immediately. He is currently the Executive Vice President, Corporate Secretary, and a Director. This change follows the resignation of Carmelo Marrelli as CFO, who dynaCERT thanks for his service. The firm specializes in Carbon Emission Reduction Technology and proprietary telematics designed to monitor fuel consumption and greenhouse gas emissions, contributing to the hydrogen economy.

Positive

• New leadership with Jean-Pierre Colin as interim CFO could bring fresh perspectives.
• Continued focus on Carbon Emission Reduction Technology aligns with global environmental trends.

Negative

• Departure of Carmelo Marrelli may raise concerns about financial continuity.
• Uncertainty surrounding the transition may impact investor confidence.

TORONTO--(BUSINESS WIRE)-- dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce the appointment of Mr. Jean-Pierre Colin as interim Chief Financial Officer of the Company, effective immediately. Mr. Colin is also currently Executive Vice President & Corporate Secretary and a Director of the Company.

The Company also announces the resignation of Mr. Carmelo Marrelli as the Chief Financial Officer of the Company effective immediately. dynaCERT thanks Mr. Marrelli for his services as Chief Financial Officer.

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. 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/20230402005065/en/

For more information:

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

Source: dynaCERT Inc.

FAQ

Who is the new CFO of dynaCERT as of April 2023?

Jean-Pierre Colin has been appointed as the interim CFO.

Why did Carmelo Marrelli resign from dynaCERT?

The press release does not specify the reasons for Carmelo Marrelli's resignation.

What is the role of the interim CFO at dynaCERT?

The interim CFO will oversee the company’s financial operations during the transition period.

How might the management change affect dynaCERT's future?

The appointment of a new CFO could impact financial strategies and investor confidence.

What does dynaCERT specialize in?

dynaCERT specializes in Carbon Emission Reduction Technology and related telematics.