dynaCERT Inc.
TSX VENTURE : DYA

dynaCERT Inc.

October 30, 2014 14:27 ET

dynaCERT Announces Intellectual Property Acquisition

TORONTO, ONTARIO--(Marketwired - Oct. 30, 2014) - dynaCERT Inc. (TSX VENTURE:DYA) ("dynaCERT" or the "Company") is pleased to announce that it has entered into a formal Intellectual Property Transfer Agreement with Sheer Technology Inc. ("Sheer Technology")in respect of the acquisition by the Company of all of the underlying technology and intellectual property rights (collectively, the "Technology") employed in its principal product, the HydraGen™. This agreement supercedes the non-binding letter of intent that was entered into between the Company and Sheer Technology in February 2014 (as announced by the Company in its press release dated February 28, 2014) and also supercedes and terminates the license agreement between the Company and Sheer Technology that previously governed the terms of the Company's use of the Technology.

Under this Intellectual Property Transfer Agreement, dynaCERT will irrevocably acquire all rights (including all patents and patents pending), title and interest to the Technology, the invention and all intellectual property pertaining to the Technology. The purchase price payable by the Company to Sheer Technology under the agreement is CAD$750,000, which is payable via delivery of a secured promissory note to Sheer Technology. The promissory note (which bears no interest) is repayable out of the sales of HydraGen™ units, with 50% of the gross profits from such sales being paid to Sheer Technology and attributed to the balance owing under the promissory note. In the case of a licence or transfer of the technology to a third party, dynaCERT shall pay all or any such portion of the proceeds of such licence or transfer upon receipt to Sheer Technology until the remaining balance owing under the promissory note has been paid in full. The maximum cumulative amount to be paid, including any and all payments is CAD$750,000 and is required to be paid within five (5) years.

Completion of the acquisition of the Technology is subject to the approval of the TSX Venture Exchange. This acquisition is a major milestone for dynaCERT, as upon completion it will own and control all intellectual property that it has employed, licensed or developed from the time of inception of the Company to the present day.

Mr. Jim Payne, President and Chief Executive Officer of dynaCERT, commented, "We are very grateful to Geoff Sheerin and his team for their dedication to developing the IP and delivering it to dynaCERT." He further added, "this acquisition takes us from the passenger seat to the driver's seat relating to delivery of this Technology to the marketplace."

About dynaCERT Inc.

dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. This patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these additives through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. This technology is currently in use with on-road applications. More information can be found at 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, forward-looking information in this press release includes, but is not limited to the receipt of approval by the TSX Venture Exchange, the closing of the acquisition of the Technology in accordance with the Intellectual Property Transfer Agreement and the payment of amounts owing under the promissory note out of sales of Hydragen units. 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 or 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 Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

On Behalf of the Board

Murray James Payne, CEO

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