dynaCERT Inc.
TSX VENTURE : DYA

dynaCERT Inc.

October 07, 2013 11:46 ET

dynaCERT Inc. Announces Pilot Project of the Hydragen™ Technology With Stationary Power Generation

TORONTO, ONTARIO--(Marketwired - Oct. 7, 2013) - dynaCERT Inc. (TSX VENTURE:DYA) ("dynaCERT" or the "Corporation") announces the execution of a collaboration agreement with a private corporation that is a generator, distributor and transmitter of electric energy in a Caribbean nation (hereinafter, the "Pilot Project Partner"), pursuant to which the parties have agreed upon the terms of a pilot project to test the Corporation's hydrogen technology on a 9R32 Wartsila generator. Due to confidentiality restrictions, the specific identity of the Pilot Project Partner cannot be disclosed at this time

The Pilot Project has been structured into 3 Phases and is being carried out in a joint effort with finances, equipment and manpower being provided by dynaCERT and the Pilot Project Partner.

  • Phase 1: will consist of testing and data collection that measures the performance characteristics of a 9R32 Wartsila generator with the introduction of gas fumigation at varying concentrations, compared to baseline performance.

    Phase 1 will be determined a success should there be a 5% or greater increase in fuel economy which would automatically advance the Pilot Project into Phase 2 upon receipt of Board approval from Pilot Project Partner.

    Should the results of Phase 1 not achieve a 5% or greater increase in fuel economy, the Pilot Project can be abandoned in its current form and function.

    Phase 1 is scheduled to commence the last week of October 2013 and has been budgeted at CDN$103,689.00, with cost allocations of CDN$56,800.00 to the Pilot Project Partner (50% of which is due within 10 days of signing the collaboration agreement and the balance being due within 30 days of commencement of Phase 1) and CDN$46,889.00 to dynaCERT (with such funds being allocated towards upfront costs associated with the Pilot Project). Phase 1 is estimated to cover a timeframe of approximately 4 weeks.
  • Phase 2 will consist of the development and testing of a HydraGen™ prototype for the purposes of long-term testing and operation on a 9R32 Wartsila generator. Provided that the fuel economy targets from Phase 1 are satisfied and the Pilot Project proceeds to Phase 2, this prototype will be built to scale at the Corporation's facilities in Toronto and designed to deliver ratios of hydrogen and oxygen determined in Phase 1. Estimated cost of Phase 2 is CDN$426,156.00, with cost allocations of CDN$121,868.00 to the Pilot Project Partner (50% of which is payable at the start of Phase 2 and the balance being due within 30 days of the first payment) and CDN$304,288.00 to dynaCERT. Phase 2 is estimated to occur over a timeframe of approximately 3 months following Board approval in respect of Phase 1 completion.
  • Phase 3 will consist of longer term testing and data collection of the HydraGen™ prototype that is developed in Phase 2 within the context of the Pilot Project Partner's working environment. Estimated cost of Phase 3 is CDN$74,401.00, with cost allocations of CDN$41,683.00 to the Pilot Project Partner (50% of which is payable at the start of Phase 3 and the balance being due upon project completion) and CDN$32,718.00 to dynaCERT. This Phase is estimated to occur over a timeframe of approximately 4 months following Board approval in respect of Phase 2 completion.

The Pilot Project Partner has developed its relationship with the Corporation through Michael Garvin and Rick Tonita of Global Partners, and the Corporation would like to acknowledge their roles and efforts as we continue with activities in line with our Mission Statement.

About Global Partners

Global Partners is an international consulting and technology licensing company. Global Partners consults in the area of strategic planning and organizational execution to international corporations. The principals of Global Partners also owned Active Marketing Ltd, domiciled in the Isle of Man. Over a fifteen year period Active Marketing commercialized four technologies. Each of these technologies was developed from a concept to a commercial product and then achieved international market penetration.

About dynaCERT Inc.

dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. Our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these additives through the air intake to enhance combustion for the purpose of yielding lower carbon emissions and greater fuel efficiency. Our technology is currently in use with on-road applications and is in development for other applications, such as power generation. More information can be found at www.dynacert.com.

Forward Looking Information

This release includes forward looking statements, which are based on certain assumptions and reflects management's current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; 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; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; 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.

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.

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