
March 28, 2017
TSX.V: DYA OTCQB: DYFSF
dynaCERT Announces $2.7 Million in
Sales, New Product Developments and
Results
of 2017 Annual
Meeting of Shareholders
TORONTO, ON--(Marketwired – March 28, 2017) - dynaCERT Inc. (TSX VENTURE:
DYA) (OTCQB: DYFSF) ("dynaCERT" or the "Company") is pleased to update the market regarding recent material
developments.
New Sales
The Company is pleased to announce that it has received new purchase orders for over 430 HydraGENTM units exceeding $2.7 million in
sales. Purchase orders for
the year-to-date for the HydraGENTM exceed
700
units,
resulting in total
gross
sales
of
over $4.5 million.
Jim Payne, President and CEO of dynaCERT, states, “As purchase orders are received and
the HydraGENTM units are being
shipped, our corporate growth is being
recognized in
the marketplace. Many of these shipped units were
acquired by companies that have large trucking fleets for
installation on their
trucks.”
New Product Developments
At the Annual General
and Special Meeting of Shareholders (“AGM”) held on
March 24, 2017 in Toronto, the
Company unveiled
a 3-D image of a new product prototype, the HG-2 (HydraGENTM2 or HG-2), which is being specifically
developed
to target
a
new market
space, being the refrigerated
container (reefer) market. In
connection with this initiative, the Company also introduced Domenic Marci, General Manager, Loblaw Transport, Ontario, who was
present at the AGM. Loblaw has initiated installations of units on four of their class 8 trucks in order to perform their own independent
controlled test and have also delivered one of their refrigerated trailers for the development and testing of the Company's new HG-2 unit.
It is expected that the new HG-2 unit will be less than half of the size of
our current HG-1 unit, which the Company hopes will allow it to service not only the reefer
market, but the smaller size could potentially open other markets, such as class 6 & 7 trucks, buses and smaller trucks commonly found outside of
North America, such as in European
countries
and in India.
In addition to the foregoing, the Company is also pleased to announce the release of its new smartphone app,
which allows end users to access their information from the smart ECU of their equipment on their smart
phones.
This app is now available
for
download at the Apple App Store.
Annual Meeting of Shareholders
In addition to the
foregoing, all general
and special
resolutions were
passed
at
the
AGM. An aggregate of
52,053,837 shares (22.57%) of all issued and outstanding shares of the Company were represented at the meeting
in person or by proxy.
The following seven nominees were re-elected as Directors of the Company to serve until
the next annual meeting of shareholders of the Company, or until their successors are elected or appointed: James
Payne, Elliot Strashin, Wayne Hoffman,
Robert Maier, Ronald Perry, Jean-Pierre Colin and Richard Lu.
The following additional
resolutions were also passed at the AGM:
Approval of the appointment of SLF Schwartz
Levitsky Feldman LLP as Auditors of the Company for the ensuing year and;
Approval of the stock option plan of the Corporation.
Option Grant
dynaCERT has granted a total of 300,000 stock
options
to the Chief
Financial Officer. The options
shall vest
immediately and shall be
exercisable at a
price of $0.94, equal to the
most recent closing price
of the Company’s
common shares, for a period of five years.
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.
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 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.
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