dynaCERT Receives Commitment from Government in Austria
TORONTO, Dec. 20, 2018 (GLOBE NEWSWIRE) — dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) is pleased to announce a new initiative in the province of Carinthia, Austria.
dynaCERT has Success in Europe
dynaCERT management were in Germany and Austria in mid-December 2018 in meetings with government officials and business leaders to discuss the benefits of our HydraGENTM Technology to assist them in the “War against NOx”.
Management has learned first-hand that the European Union has set itself ambitious climate protection goals. By 2050, greenhouse gas emissions are to be reduced by 80 to 95 percent compared to 1990 levels. The statutory targets also include a binding reduction in emissions of 20 percent by 2020 and 40 percent by 2030.
To reach these ambitious goals in Austria, the province of Carinthia is partnering with dynaCERT in a large-scale pilot project. The province of Carinthia will order and install 4 HydraGENTM HG145B units on four diesel-powered heavy-duty road vehicles used in Carinthia for delivery in January 2019. The pilot project is to operate for three months and each vehicle will have a continuous portable emissions measuring systems (PEMS) device to record constant changes to the engine emissions while the HydraGENTM Technology is in use. Once the pilot demonstrates successful emission reductions, the province of Carinthia will equip all state-owned diesel-powered vehicles with HydraGENTM Technology which will contribute to the province’s policies on carbon emissions toward achievement of the Austria’s EU climate targets.
In the mid-December meetings, a letter of intent was entered into in Klagenfurt (Carinthia) between the member of provincial government, Martin Gruber (People’s Party), and dynaCERT. Mr. Gruber is a member of the same political party as Federal Chancellor Sebastian Kurz and the Austrian Environment Minister Elisabeth Köstinger, the former EU Commissioner for Agriculture and Deputy EU Spokesman for the Committee on the Environment.
As written in the letter of intent, Carinthia will assume the role of pioneer in Austria and subsequently in the European Union to ensure that all diesel-powered government heavy vehicles will be equipped with our HydraGENTM Technology. The People’s Party in Austria and its sister parties in Europe want to make their contribution to achieving the EU’s climate change goals.
In a statement from LAbg. Mag. Markus Malle, chairman Österreich Volkspartei (People’s Party) Kärnten & Speaker of the OeVP parliamentary party in the Carinthian Parliament. “We regard HydraGENTM as an interesting project for the region of Carinthia, because it may grant advantages economically as well as ecologically,” says Mag. Markus Malle, chairman of the Österreich Volkspartei (People’s Party) in the regional parliament. “We will now take the next necessary steps in the preparation of a pilot project in Carinthia and arrange so it will be possible to realize it.”
Mr. Jim Payne, dynaCERT President and CEO, states, “We very much appreciate the efforts made by the Government of Carinthia to take this strong step in the “War against NOx”. dynaCERT’s HydraGENTM Technology has been tested and proven to provide significant reductions not only in the greenhouse gas (GHG) emissions from diesel engines but will at the same time show financial benefits to the governments with reduced down time, extended engine life, fuel, diesel particulate filter (DPF) and diesel exhaust fluid (DEF) 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
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 of 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 of 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
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
416-766-9691 x 2
416-766-9691 x 1