dynaCERT Furthers its Market Penetration in Oil & Gas Markets

Rhea-AI Summary

dynaCERT announced a significant follow-up purchase order of 84 HG1 HydraGEN™ Units from Simply Green Distributors. This order follows a previous order of 18 units and an extensive due diligence trial, bringing the total deployment to 103 units. The HydraGEN™ Technology aims to enhance fuel economy and reduce diesel usage and emissions on drilling rigs operated by a leading Canadian oil and gas contractor. The technology is gaining traction as an environmentally friendly and cost-effective solution in the Oil & Gas industry. Simply Green's President highlighted the technology's impressive emissions reduction capabilities, while dynaCERT's CEO emphasized the importance of such commitments to reducing GHG emissions in Canada.

Positive

• Follow-up purchase order of 84 HG1 HydraGEN™ Units.
• Total deployment of 103 HydraGEN™ Units.
• HydraGEN™ Technology enhances fuel economy and reduces diesel usage.
• Technology gaining popularity as an environmentally friendly solution.
• Commitment to reducing GHG emissions in Canada.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- (TSX: DYA) (OTCMKTS: DYFSF) (FRA: DMJ) dynaCERT Inc. ("dynaCERT" or the "Company") is pleased to announce a follow-up purchase order of eighty-four (84) HG1 HydraGEN™ Units from its dealer, Simply Green Distributors Inc. (“Simply Green”) of Alberta, destined for the leading oil and gas drilling contractor in Canada (the “Contractor”).

This new purchase order is in addition to a recent purchase order of eighteen (18) HG1 HydraGEN™ Technology Units from Simply Green for use on the Contractor’s drilling rigs operating in Canada. This purchase order was received after an extensive and successful due diligence trial of HydraGEN™ Technology for a total deployment of 103 HydraGEN™ Units of dynaCERT.

In this application, dynaCERT’s HydraGEN™ Technology is designed to enhance the fuel economy of engines powering drilling rigs, reducing diesel usage and thus improving emissions performance.

James Pearce, President & CEO of Simply Green stated, “With its impressive emissions reduction capabilities, dynaCERT’s HydraGEN™ Technology is quickly gaining popularity in the Oil & Gas industry as a cost-effective and environmentally friendly solution to reducing carbon footprints. As dynaCERT’s Western Canadian dealer, we have worked very thoroughly with the Contractor and dynaCERT personnel in the last year and thank them for the constructive outcome of everyone’s efforts.”

Jim Payne, Chairman and CEO of dynaCERT, stated, “dynaCERT congratulates and thanks the Contractor and Simply Green for their commitment to reducing GHG emissions with our HydraGEN™ Technology. It is so important to dynaCERT to see such a strong pledge in our own country, Canada, after twenty years of R&D and constant improvements of our HydraGEN™ Technology. All our global key dealers, such as Simply Green, understand the need to reduce global warming, and all our outstanding clients operating worldwide support our commitments to the resources industry.”

About Simply Green Distributors Inc.

Simply Green is proud to be one of the leading experts and distributors in hydrogen and continues to push for the development of new, innovative hydrogen products. Simply Green believes that investing in hydrogen is not just a smart financial decision, but also a moral imperative to help protect our planet and ensure the well-being of future generations. See: https://www.simplygreendistributors.ca/

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 Simply Green Distributors Inc. and the Contractor 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 of dynaCERT Inc.
Murray James Payne, CEO

View source version on businesswire.com: https://www.businesswire.com/news/home/20240627307267/en/

For more information, please contact:



dynaCERT Inc.

Jim Payne, Chairman & CEO

#101 – 501 Alliance Avenue

Toronto, Ontario M6N 2J1

+1 (416) 766-9691 x 2

jpayne@dynaCERT.com



dynaCERT Inc.

Nancy Massicotte

Investor Relations

+1 (416) 766-9691 x 1

nmassicotte@dynaCERT.com

Source: dynaCERT Inc.

FAQ

What is the impact of dynaCERT's new purchase order on the stock symbol DYFSF?

The new purchase order of 84 HG1 HydraGEN™ Units can positively impact dynaCERT's stock (DYFSF) by demonstrating increased market penetration and adoption of its technology.

How many HydraGEN™ Units has dynaCERT deployed to the oil and gas market in Canada?

dynaCERT has deployed a total of 103 HG1 HydraGEN™ Units to a leading Canadian oil and gas contractor.

What are the benefits of dynaCERT's HydraGEN™ Technology for the oil and gas industry?

dynaCERT's HydraGEN™ Technology enhances fuel economy, reduces diesel usage, and improves emissions performance, making it a cost-effective and environmentally friendly solution.

Why is dynaCERT's HydraGEN™ Technology significant for reducing GHG emissions?

dynaCERT's HydraGEN™ Technology is significant for reducing GHG emissions as it improves fuel economy and reduces diesel usage, contributing to lower carbon footprints in the oil and gas industry.

What recent developments have occurred for dynaCERT in the Canadian market?

dynaCERT has received a follow-up purchase order of 84 HG1 HydraGEN™ Units from Simply Green Distributors for use by a leading oil and gas contractor in Canada.