dynaCERT Announces the Resignation of a Director

Rhea-AI Summary

dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) announces the immediate resignation of Richard Lu from its Board of Directors as he takes on the role of President & CEO at a newly public company requiring his full attention. The company expresses gratitude for his service. dynaCERT is engaged in manufacturing Carbon Emission Reduction Technology, including the HydraLytica™ Telematics system, which aims to monitor fuel use and GHG emissions. Their patented technology generates hydrogen and oxygen on demand, facilitating improved combustion and reduced emissions in various diesel engines.

Positive

• Potential for fresh perspectives and leadership as dynaCERT adapts to the absence of Richard Lu.

Negative

• Loss of experience and continuity following Richard Lu's resignation from the Board.

TORONTO--(BUSINESS WIRE)-- dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") announces the resignation of Mr. Richard Lu from the Board of Directors of the Company, effective immediately.

Mr. Lu tendered his resignation because he has now become the President & CEO of a company that recently went public and that company has asked him to devote 100% of his time to this new endeavour.

dynaCERT thanks Mr. Lu for his services on the Board of Directors.

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/20230327005748/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

Source: dynaCERT Inc.

FAQ

What prompted Richard Lu's resignation from dynaCERT's Board of Directors?

Richard Lu resigned to become the President & CEO of a newly public company that requires his full commitment.

How might Richard Lu's departure affect dynaCERT's operations?

His resignation could impact continuity and strategic direction, given his past contributions to the Board.

What technologies does dynaCERT focus on?

dynaCERT specializes in Carbon Emission Reduction Technology, including HydraLytica™ Telematics for monitoring fuel consumption and GHG emissions.