TORONTO, Oct. 19, 2018 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to provide an update following its participation exhibiting our HydraGEN™ system and performance which was recently tested by TUV in Germany at the 67th IAA Commercial Vehicles Trade Show, under the slogan “Driving tomorrow”. The biennial Trade Show fully lived up to its aspiration of being the world’s most important trade fair for transport, logistics and mobility.
The IAA Trade Show was evidence that an entire sector is anticipating change! The strategic orientation of the IAA, organized by the German Association of the Automotive Industry, was right on the button. In 2018, dynaCERT, along with a total of 2,174 exhibitors from 48 countries, outstripped exhibitor participation from the already very high figure from 2016! The number of visitors was also very high, despite the sometimes inclement weather, hot days at the beginning, and rain and storms on the weekend of the Trade Show. Yet the response of attendees at the IAA was definitely positive. The mood was excellent everywhere – among the exhibitors and the visitors.
The IAA positioned itself again as the marketplace for the experts in the commercial vehicle sector. The proportion of trade visitors was well over 80 percent of attendees and many of them were decision-makers.
The IAA also attracted a lot of online visits. There was much discussion of the IAA’s new developments and industry highlights in advance of the exhibition. In all, since the middle of August 2018, there have been over 75 million contacts worldwide, 60 million of them during the trade show itself. Half of the over 10,000 posts were written in English, which is more evidence of the international significance of the IAA. And more than 95 percent of posts and comments about the IAA are positive.
As a direct result of the disruptive nature of the new emission legislation in Europe, Original Equipment Manufacturers (OEM) anxiously try to maintain the diesel engine industry and the jobs associated with them. Europeans see the HydraGEN™ Technology as proven technology to not only solve today’s current emission problems but also in helping in the growing demands in improved fuel economy while reducing emissions and greenhouse gases.
Interest by potential dealers and fleet operators was generated at the trade show by the unique and significant impact of dynaCERT’s HydraGEN™ Technology especially as it applies to the large and receptive diesel market in Europe. New regulations coming into effect in 2019 and subsequently will require a revolutionary approach to emission reductions. The HydraGEN™ system performance as tested by TUV in Germany is beyond anything that is currently in the marketplace. Tested and proven emission reductions in NOx of 88%, CO of 50% and particulate matter of 75% are unmatched by any other current technology. The HydraGEN™ system is being seen as the forerunner to assist in re-establishing diesel power as the chosen engine in the marketplace.
*Visitors*
Numerous visitors interested in dynaCERT and the performance of its HydraGENä Technology were greeted in dynaCERT’s 530 square foot (50sm) trade booth in the IAA New Technology Building where we displayed the HG-1 and HG-2 products along with our streaming video clearly displaying our technology.
Transport and industry representatives from around the world attended the dynaCERT booth. They represented more than 20 industries including: Bus – Transit, Bus – InterCity, off-road Construction, Equipment, Farming, Fleet Management, power generation, Fuel Cell, Logistic & Trucking, Mining Equipment, Original Equipment Manufacturers and Petroleum producers.
*Dealers*
While in Europe, dynaCERT met several interested parties wanting to sell our products. As we continue to expand our distribution network, candidates were narrowed to 15 new qualified, potential dealers who could be added to dynaCERT’s existing 30 dealers worldwide.
Two new authorized dynaCERT dealers were signed up with sales commitments upon dynaCERT’s receipt of the ABE Certification, (Homologation).
The CO2 Company in The Netherlands and the Russell Group Engineering in the United Kingdom. Stephen Madden, Senior Group Fleet Engineer of the Russell Group, stated: “Our endorsement of dynaCERT and its HydraGEN™ Technology is reinforced by the market interest expressed by our current logistics and transport customers throughout the UK and the world”. The Russell Group Engineering is part of John G Russell, one of the UK’s largest independent transport companies.
Other connections and ongoing talks include serious interest from BENELUX, Canada, China, Egypt, France, Germany, Korea, Lithuania, Mexico, Middle East Region, Norway, Spain and USA.
*OEM’s*
*dynaCERT* Inc. hosted several meetings while in Europe and are currently in ongoing talks with several Original Equipment Manufacturers which specifically sought us out once the news spread of dynaCERT’s innovative HydraGENä Technology and the testing results that have been achieved and verified by TUV, one of the most stringent and respected testing facilities in the world.
*European Sales*
*dynaCERT* Inc. is awaiting the Algemeinbetriebserlaubnes (ABE) Certification License from the Government Kraftfahrtbundesamt (KBA) the German Ministry of Transportation. The current status of Homologation via the ABE application is that all testing has been completed and the HydraGEN™ Technology has passed in all the stringent tests. Once the ABE Homologation is issued, dynaCERT GmbH will be authorized to sell HydraGEN™ Units through our anxiously awaiting authorized dealers ready to install Units on to vehicles across Europe.
*Jim Payne, dynaCERT Pres & CEO*, commends our entire team at home and abroad, including engineering, R&D, Sales and manufacturing, with this very successful and worthwhile effort as we continue our Global expansion, exposing the world to our product line and our commitment of producing, testing, certifying and selling a Carbon Emission Reduction Technology that is “revolutionary and greatly needed in the world markets today”.
*Enrico Schläpfer, dynaCERT’s VP of Global* *Sales*, stated: “Building on the enthusiastic reception and interest from potential customers, dealers and other industry experts at IAA, dynaCERT is looking forward to continuing our European and Global expansion. Our HydraGEN^TM Technology is well-positioned to contribute to the objectives of carbon emission reductions of the European governments while also providing incentives for fleet and equipment operators by way of fuel savings. We look forward to continuing our expanding presence and sales in the region and globally.”
*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 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 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, CEO*
*For more information, please contact:*
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
(416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
(416) 766-9691 x 1
ir@dynaCERT.com
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