dynaCERT Updates on IAA Commercial Vehicle Trade Show
September 24 2018 - 11:30AM
dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB:
DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to
provide an update on events at the IAA Commercial Vehicle Trade
Show in Hanover, Germany which is held from September 19 to 27,
2018.
IAA Trade Show
The dynaCERT sales and engineering team have had
meetings daily at the show with some Original Equipment
Manufacturers (OEMs) that include Mercedes Benz, Volkswagen, MAN
Truck, Volvo, and Freightliner. Other OEMs are scheduled for
meetings with dynaCERT for the remainder of the trade show. These
OEMs have already begun development designs and prototyping of new
technology to reach the very onerous CO2 regulatory targets due in
2025 (see earlier press release dated September 24, 2018). Of great
interest to OEMs is the HydraGEN™ Technology for reduction in
overall emissions, but, in particular, the CO2 reduction whereby a
HydraGEN™ unit would become one of several technologies used to
achieve the European CO2 regulation standards mentioned in the
press release mentioned above.
These discussions with OEMs also included
opportunities to consider the aftermarket sales of HydraGEN™
technology through the respective current dealer networks of
OEMs. Sales of dynaCERT’s line of products would be for both
dealer resale of pre-owned vehicles and to existing customers that
bring their vehicles to dealers for service. The opportunity
to dynaCERT could be very significant as, for example, one
particular dealer sells only 200 new trucks per year but has 1,000
customers representing more than 2,500 trucks. Management of
the Company see these potential relationships as a particularly
effective market potential for the HydraGEN™.
On September 18, 2018, prior to the official
show opening, management of dynaCERT Inc., dynaCERT GmbH, and the
German dealer H2-GreenTech participated in a press interview event
open forum. Press journalists from across Europe asked
questions on technical, commercial and market-related topics such
as, “What are dynaCERT’s plans for expansion in Europe? and When
will dynaCERT have Homologation?” Management was pleased to
present the TUV testing results which received a very positive
reaction.
Enrico Schlaepfer, VP Global Sales states,
”Participating at this year’s IAA, the worlds largest commercial
vehicle trade fair, opens a window for dynaCERT to a whole new
clientele of environmentally-focused firms and individuals that
understand our HydraGEN™ Technology is an important tool to help
them save fuel and reduce emissions. We met with owners and
operators, potential dealers and distributors and OEMs at the fair
and took this opportunity to introduce the HG1 line of products in
order to advance and build a strong and reputable sales
network.”
Jim Payne, CEO & President, stated, ”Working
with dynaCERT GmbH, and our German dealer H2-GreenTech, we have
launched our HydraGEN™ product into Europe as the
‘First-to-Market’. This was evident by the strong interest shown at
the dynaCERT trade booth at the IAA as visitors came to see the
technology that can deliver a significant reduction in greenhouse
gases and save the user money with fuel savings.”
About dynaCERT Inc.dynaCERT
Inc. manufactures, distributes, and installs Carbon Emission
Reduction Technology for use with internal combustion
engines. As part of the growing global hydrogen economy, our
patent-pending technology creates hydrogen and oxygen on-demand
through electrolysis and supplies these through the air intake to
enhance combustion, resulting in lower carbon emissions and greater
fuel efficiency. Our technology is designed for use with all
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 ADVISORYExcept 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 potential
expansion into new markets, industries and segments, such as
diesel-powered use of any the dynaCERT products and sales.
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,
CEOFor more information, please
contact:
Jim Payne, CEO & PresidentdynaCERT Inc.#101 – 501 Alliance
AvenueToronto, Ontario M6N 2J1(416) 766-9691 x
2jpayne@dynaCERT.com
Investor RelationsdynaCERT Inc.Nancy Massicotte(416) 766-9691 x
1ir@dynaCERT.com
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