TORONTO, ON--(Marketwired - August 25, 2016) - dynaCERT Inc. (TSX VENTURE: DYA) (OTC: DYFSF) ("dynaCERT" or the "Company") is pleased to provide the following operational updates.
Lease Expansion Facility
dynaCERT is scheduled to occupy the approximately 8,000 sq. ft. lease expansion facility on October 1, 2016. The lease payments will commence on possession date. This facility is designed with a monthly capacity of 2,000 units per eight hour shift for the assembly of the HydraGen™ units.
Government Grant and Loan Programs
The existing manufacturing area will be converted to Research and Development and production of the next generation HydraGen™ units which will be designed for shipping, rail and large stationary power generation products. The Company has a planned program to work with Government and Port support as well as specific consortium members to drive these initiatives.
dynaCERT is continuing to proceed through various levels and grant application stages and loan programs with both the Federal and Provincial Governments.
Third Party Testing
As required by the Ontario Government's requirement for a validation process to ensure qualification under any of the Provincial or Federal Government's programs, an extensive schedule of third party testing was undertaken to validate and determine proper flow rates of its flagship HydraGen™ product for Class 8 trucks. These tests were completed at the University Of Ontario Institute Of Technology, a facility deemed an "Automotive Centre of Excellence" for both fuel savings and Carbon Emission Reductions. Two different Class 8 trucks with HydraGen™ units were placed on a Chassis dynamometer which produced extensive readings for various emissions and fuel efficacy. These tests provided over 550 pages of valuable data. The Company, along with third party engineers, are reviewing and analyzing the data. A formal report will be completed soon.
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, resulting in lower carbon emissions and greater fuel efficiency. Our technology is currently in use with on-road applications. More information can be found at www.dynaCERT.com.
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 periodic updates of results, testing programs and results, negotiations with third parties concerning potential business transactions, and the timing of certain going forward projects. 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.
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On Behalf of the Board
Murray James Payne, CEO