dynaCERT Equips Open Pit Mines With Carbon Emission Reduction Technology

Rhea-AI Summary

dynaCERT Inc. (OTCQX: DYFSF) has announced the sale of seven HydraGEN™ Technology Units for installation in Peru, Argentina, and Brazil through its dealer, H2 Tek. The patented 4C and 6C units are highly sought after by major mining companies to reduce carbon emissions and fuel consumption in harsh environments. Designed to meet the rigorous demands of open-pit mining, these technologies are installed in heavy equipment like Caterpillar trucks. dynaCERT aims to support global efforts in reducing pollution and enhancing ESG initiatives.

Positive

• Sale of seven HydraGEN™ Units indicates strong demand from mining companies.
• The technology is designed to reduce fuel consumption and emissions, appealing to companies focused on sustainability.
• H2 Tek's reach in the mining sector enhances dynaCERT's market visibility.

Negative

• Potential risks associated with the uncertain pace of the emerging hydrogen economy.
• Dependence on H2 Tek for market penetration may affect direct control over sales.

TORONTO--(BUSINESS WIRE)-- dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that dynaCERT has sold seven (7) of its HydraGEN™ Technology Units (HG1R, 4C and 6C units) which are to be installed in Peru, Argentina and Brazil.

H2 Tek, dynaCERT’s dealer, focuses on equipping mining companies throughout the globe with dynaCERT’s proprietary patented HydraGEN™ Technology. In conjunction with its partners, H2 Tek has indicated to dynaCERT that the Company’s proprietary 4C and 6C HydraGEN™ Units are very desired by several world class open-pit mining operations in the Americas which are owned and operated by some of the world’s largest international mining conglomerates.

Along with other H2 Tek Installations, these innovative technologies will be installed in open pit mines on various equipment, including Caterpillar 793 & 777 Haul Trucks and a large 4.5MW diesel generator with a CAT280-16 engine.

Global mining companies recognize the immediate imperatives of utilizing commercially and readily available technologies to reduce their Carbon Footprint and welcome and embrace dynaCERT’s patented 4C and 6C HydraGEN™ Technology which is particularly suited to the Mining, Construction and Oil & Gas industries.

In 2021 and 2022, dynaCERT’s 4C and 6C HydraGEN™ Technology has been redesigned to adapt to the rigourous requirements of the harsh environments of open pit mining operations which are commonly located at high altitudes and inclement conditions in remote areas throughout the globe.

David Van Klaveren, Vice President of Global Sales of H2 Tek, stated, “Our national and multinational customers appreciate the significant promise of dynaCERT’s HydraGEN™ technology and look forward to advancing progress for their ESG priorities through its successful implementation.”

Jim Payne, President & CEO of dynaCERT, stated, “I am very pleased to now deploy our proprietary HydraGEN™ Technology with global mining companies operating under harsh conditions. Our proprietary and patented HydraGEN™ Technology is designed to reduce fuel consumption in internal combustion engines and reduce Carbon and NOx emissions, so important to providing a global solution to reduce pollution. Progressive mining companies are the trailblazers that fight a noble battle against air pollution. dynaCERT warmly congratulates H2 Tek, its international partners, and our mining friends operating globally which initiate many of the products of our supply chains to eventually meet our daily needs.”

About H2 Tek

H2 Tek LP is focused exclusively on selling and servicing dynaCERT’s HydraGEN™ Technology. H2 Tek markets to mining, diesel power generation, on-road applications and off-road applications. Together with its international partners, H2 Tek currently has market reach in more than eleven countries.

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. 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/20220526005299/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 did dynaCERT announce regarding its HydraGEN™ Technology on October 2023?

dynaCERT announced the sale of seven HydraGEN™ Technology Units for installation in mining operations across Peru, Argentina, and Brazil.

How does dynaCERT's HydraGEN™ Technology benefit mining companies?

The technology reduces fuel consumption and carbon emissions, helping mining companies meet environmental goals.

What types of equipment will have dynaCERT's technology installed?

The HydraGEN™ Units will be installed in Caterpillar 793 & 777 Haul Trucks and a 4.5MW diesel generator.

Who is H2 Tek in relation to dynaCERT?

H2 Tek is dynaCERT's dealer, focused on selling and servicing its HydraGEN™ Technology in the mining sector.

What is the market scope of H2 Tek?

H2 Tek has market reach in more than eleven countries, primarily targeting mining and power generation.