dynaCERT Inc. is a growing energy sector company that manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. dynaCERT's 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. dynaCERT's technology is currently in use with on-road applications.
dynaCERT is committed to supporting on-road customers with industry leading technology. The Company's commitment to on-road customers has lead to the development of the robust, reliable and effective HydraGEN™. The technology behind dynaCERT's great results is the culmination of ideas, people and partnerships.
dynaCERT continues to expand its partnerships with industry leaders, major corporations, private companies and government bodies. These relationships are strengthening the Company's presence, and helping pave the way for its technologies expansion in rail, marine, oil &gas, mining applications and stationary generators.
Throughout the Company's years in business it has worked to provide a reliable and effective electrolysis unit that would generate hydrogen and oxygen on demand to: (A) address the growing requirements to reduce emissions; and (B) provide an increase in fuel economy.
HydraGEN™ – the Company's on demand electrolysis unit designed for internal combustion engines that supplies the air intake with hydrogen and oxygen gases. The Company successfully completed positive field studies with its HydraGEN™ unit.
The results show that the HydraGEN™ has the ability to reduce carbon emissions by up to 40%, particulate matter by over 65%, increase torque, improve engine oil quality, as well as deliver up to 19.2% reduction in diesel fuel costs. This is significant.
HydraGEN™ Enhances Combustion
State-of-the-Art ECU (Electronic Control Unit)
The dynaCERT team of engineers and scientists, has worked closely with RMF Design and Manufacturing along with diesel and electronic technical experts to finalize the electronic interface, design and development of the state-of-the-art "Smart" ECU (Electronic Control Unit). This "Smart" ECU is the brain of the HydraGENTM unit. Its capabilities are similar to those of a smart phone wherein it can listen to the onboard engine computer and respond accordingly.
The "Smart" ECU has shown significant advantages and improvements over the initial version of the ECU as to the reading, collecting, transmitting and storing of data pertaining to fuel efficacy and emissions reductions. The "Smart" ECU communicates with the engines onboard computer, learning and altering the flow of gases produced and introduced to enhance combustion. It also has GPRS capability for remote access by both the company and end users, allowing for tracking and monitoring of Carbon Credits.
dynaCERT's Green Initiative focuses on reducing the amount of Greenhouse gases (GHG) emitted from the combustion of carbon based fuels. The Company's technology works with internal combustion engines used for industrial production processes, transportation; including Class 6-8 trucks, smaller Class 2-5 trucks, refrigerated trailers and containers, rail and marine to power generation. As more opportunities open up for dynaCERT to validate its technology in these areas, the more impact the Company will have.
Current Market Focus
Future Market Penetration
Potential Market Penetration
Global Partnership Initiatives
Jim Payne, President, Chief Executive Officer and Director
Mr. Payne also serves as Chief Executive Officer of his privately held consulting, project management and real-estate development company. He has successfully built and managed his own private companies for more than 38 years.
Robert K. Maier, MBA, P.Eng., Chief Operating Officer and Director
Mr. Maier is a Mechanical Engineer who has spent over 30 years building machinery and technology companies. He served as president of MKG Inc., Kaperal Corp., and Semco Technologies. He was also the COO of MTA. In addition he has served as VP Manufacturing for Skyjack Inc. and VP and director for Puma Engineering. Since 2011 he has been the President of SPS North America.
Terry MacDonald, CPA, CA, Chief Financial Officer
Mr. MacDonald has over 30 years experience in the financial, technology and resource sectors including major international experience in Europe and Asia, including over 20 years with Ernst & Young and KPMG.
Khoa Tran, Director of Finance
Mr. Tran has over 20 years of financial reporting and accounting experience. This includes over 15 years in management positions.
Nancy Massicotte, Investor Relations / Communications
Ms. Massicotte is the President of IR Pro Communications Inc., a well-established investor and public relations firm.
R. Wayne Hoffman, Director
Richard Lu, Director
Ronald Perry, Director
Elliot Strashin, Director
Jean-Pierre Colin, Director
Please refer to dynaCERT's website www.dynaCERT.com for complete biographies.
On October 1, 2018, dynaCERT Inc. has provided comments to the newly announced Ontario's drive clean program redesign.
The Ministry of the Environment, Conservation and Parks (MECP) has announced changes to regulations that include the cancellation of the drive clean program, in exchange for a new heavy-duty vehicle program, that is focused on diesel emission reduction. dynaCERT Inc. will fully participate in the planned public consultations to ensure that its HydraGEN technology will be front and centre in the MECP program.
On September 25, 2018, dynaCERT Inc. announced that it has closed the first tranche of its previously announced financing through the issuance of four million units at 25 cents per unit for total proceeds of $1-million.
On September 24, 2018, dynaCERT Inc. has provided an update on events at the IAA Commercial Vehicle Trade Show in Hanover, Germany, which is held from Sept. 19, 2018, to Sept. 27, 2018.
On September 24, 2018, dynaCERT Inc. has provided an update on the TUV and homologation testing presented at the IAA Trade Show in Hanover, Germany, which is held from Sept. 19, 2018, to Sept. 27, 2018.
On September 21, 2018, dynaCERT Inc. announced that it has received an initial $1-million subscription toward the first-tranche closing of the Company's $3-million financing, as previously announced on Sept. 18, 2018.
On September 18, 2018, dynaCERT Inc. announced that it has arranged a $3-million broker private placement.
On September 17, 2018, dynaCERT Inc. announced that it has made significant progress in its key marketing and design endeavours. The Company announced that global installations of its new HG1-45 models are under way and advancing very successfully. Several HG1-45B units have been shipped and are being installed in Bangladesh, Brazil and India.
On August 16, 2018, dynaCERT Inc. has provided updates on homologation and product launch in Europe. dynaCERT continues homologation certification process.
On July 20, 2018, dynaCERT Inc. provided updates on Board of Directors. The Company saw the departure from DynaCERT's board of directors of Colonel Yalon Fahri, who has resigned to pursue other interests.
On June 21, 2018, dynaCERT Inc. announced that it has received, after a successful trial program, a new order, with deposit, for HydraGEN units and the signing of the Company's standard non-exclusive dealer agreement for the India market, where a total of 114 HG145 units are to be delivered. A HG145 unit has a retail list price of $7,800.
On June 7, 2018, dynaCERT Inc. has provided updates, new orders, new equipment received for HG-2. dynaCERT is not aware of any reason for the recent share price decline, volumes or volatility in stock trading over the last few days.
dynaCERT Inc. it has received delivery of its specialized laser welding equipment designed and manufactured in Germany for the manufacturing of its HG-2 units. First production with this new equipment is expected to start within the next month. This laser welding equipment is significant because it will allow its HG-2 units to be very robust, reliable and produced at lower costs.
On May 11, 2018, dynaCERT Inc. is fostering its global recognition in carbon emission reduction technology with its launch of HydraGEN in Dubai, United Arab Emirates, the company's gateway to the Middle East and Africa. A delegation from dynaCERT, including Jim Payne, chief executive officer, and Enrico Schlaepfer, vice-president of global sales, had high-level meetings as the company's regional dealer, Castle Star General Trading LLC, displayed dynaCERT's product line at the Smart Commercial Vehicle Conference in Dubai, where Mr. Schlaepfer presented the HydraGEN technology for both transportation and power generation use.
On April, 23, 2018, dynaCERT Inc. has received the prestigious gold medal of the 2018 Edison best new product award for its HydraGEN technology. According to the Edison awards, finalists were chosen as the best of the best by 3,000 of the world's top senior business executives, academics and innovation professionals. dynaCERT's invention is chosen as the top winner for vehicle advancements among contenders in the energy and sustainability category.
On April 20, 2018, dynaCERT Inc. has launched its HydraGEN technology products at the Truck World trade show in Toronto, and has provided details about its application for marine-classification-society-type approval. Also, dynaCERT announced that the closing of the final tranche of its non-brokered equity private placement, as previously announced on Jan. 31, 2018, via the issuance of 1,223,810 units at a price of 42 cents per unit for gross proceeds of $514,000. When combined with the first two tranches of the financing (pursuant to which 6,249,047 units were issued previously for gross proceeds of $2,624,600), the aggregate gross proceeds raised under the financing are $3,138,600, with an aggregate of 7,472,857 units having been issued, which represents an oversubscription of the financing by $138,000.
On March 20, 2018, dynaCERT Inc. announced extension of closing date of a previously announced $3-million non-brokered private placement. The first tranche of this financing was previously completed. The financing is expected to be completed in one or more additional tranches.
On March 5, 2018, dynaCERT Inc. announced that as a member of the Ontario Trucking Association, dynaCERT Inc. will launch its HydraGEN technology at the TruckWorld 2018 trade show in Toronto from April 19 to April 21, 2018, where the Company will be showcasing its innovative HG-1 25-series and 45-series units for long-haul transport and HG-2 15-series and 25-series units for reefer trailers, along with its rugged-cased units for heavy equipment.
On March 2, 2018, dynaCERT Inc. provided India, Europe and corporate update.
India: The Automotive Research Association of India has been contracted by dynaCERT to test its HydraGEN™ Technology.
European Market: Enrico Schlaepfer, vice-president of global sales, will be travelling to Belgium, Germany, Switzerland and Austria for many meetings starting March 5, 2018.
Northwest Territories Power Corp.: The installation and testing of HydraGEN units in mid-2017 are completed.
Edison Awards: dynaCERT Inc. has been notified that it is one of three finalists to receive an Edison Award. The 2018 Edison Awards are to be presented in New York on April 11, 2018.
On February 27, 2018, dynaCERT Inc. provided an update on India matters. dynaCERT is very excited about the progress that it has made in its ongoing meetings, discussions and dialogue with groups and companies in India. Indian officials that dynaCERT has met with have been very receptive to the environmental benefits of the HydraGEN systems.
On February 21, 2018, dynaCERT Inc. announced that it has closed the first tranche of its non-brokered equity private placement, as previously announced on Jan. 31, 2018, via the issuance of 2,894,762 units for gross proceeds of $1,215,800.
On January 31, 2018, dynaCERT Inc. announced that it has appointed Yalon Farhi to its board of directors. , dynaCERT also provided corporate update including equity financing and note redemption.
dynaCERT announced the appointment of Farhi Holdings Corp. as a strategic dealer for the countries of Israel and Brazil.
dynaCERT announced that it has received an invitation to accompany Prime Minister Justin Trudeau on his upcoming trade mission to India in February, 2018.
dynaCERT announced that it will buy back up to 7,142,857 units at a price of 42 cents per unit for aggregate gross proceeds of up to $3-million.
On December 21, 2017, dynaCERT Inc. announced that it has received purchase orders for 520 HydraGEN HG1-45 model units having a total suggested retail price of $4,067,000. The purchase orders were received from the dynaCERT's dealer for Germany and Switzerland, Hoer&Hoer GreenTech.
On November 29, 2017, dynaCERT Inc. has provided clarification on the recently released complete report on the PIT Group testing for fuel consumption and emissions tests of the HydraGEN technology.
PIT wrote to dynaCERT in an e-mail separate to the report: "... for any kind of automotive technology, 5.9 per cent fuel savings is a result to be envied."
On November 20, 2017, dynaCERT Inc. announced that it has closed the first tranche in the amount of $1.26-million of a new issue of up to $3.5-million principal amount of convertible notes by way of a non-brokered private placement in Canada to accredited investors.
On November 2, 2017, dynaCERT Inc. announce that approximately 100 registered guests representing leading Transportation CEOs from the “All-India Motor Transport Congress”, government officials and business leaders will gather at the Clean Technology Conference hosted by dynaCERT to be held on November 22 and 23, 2017.
On October 24, 2017, dynaCERT Inc. reported that it has filed a claim in Ontario Superior Court for damages in the amount of approximately $47.7-million to recover costs, lost revenue and damages associated with the non-functioning electronics from a previous supplier and the resulting delay in production and deliveries. A redesign of the electronic system began in early June and was completed in late August. The Company has shifted component production to another supplier.
On September 22, 2017, dynaCERT Inc. announced that it will be issuing 233,245 shares to Nektar Data Systems at an ascribed price of 64 cents in settlement of $150,000 owing for services performed.
On September 21, 2017, dynaCERT Inc. released initial results from independent PIT Group testing on its HG1 unit. Testing verified that the HydraGENTM HG1 unit reduced emissions of CO by 48.1%, THC by 50.0%, and NOx by 46.1%, all of which exceeded the Company's estimates.
Jim Payne, President & CEO of dynaCERT, states, "The reduction of NOx by 46.1% exceeded our expectations and further solidifies the potential for dynaCERT's technology to change the world. NOx is one of the deadliest gases emitted from diesel engines and one of the most elusive challenges to rectify. United Nations, World Governments and engine manufacturers having been striving to achieve these levels of reduction."
On August 30, 2017, dynaCERT Inc. released its quarterly financial statements and management discussion and analysis for the three and six months ended June 30, 2017 (fiscal Q2 2017).
Q2 2017 highlights:
On August 3, 2017, dynaCERT Inc. announced that Shmuel Farhi, real estate businessman, is joining the Company's Advisory Board. The Company also announces that it has raised gross proceeds of $3-million of the non-brokered private placement previously announced on July 28, 2017, and has issued 4,285,712 units at 70 cents per unit.
On July 28, 2017, dynaCERT Inc. announced that Marc Bertrand, the former president and chief executive officer of MEGA Brands, is joining dynaCERT Inc.'s advisory board. The Company also announced that it has amended the terms and increased the maximum amount of the private placement that was previously announced on June 8, 2017, from $1-million to $3-million.
On June 16, 2017, dynaCERT Inc. announced that it has signed multiple dealership agreements in Europe. These dealers are located in Germany, Austria, Switzerland, Benelux, Italy, Spain, United Kingdom, France and Slovenia.