TORONTO, ON--(Business Wire – June 21, 2021) dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it has agreed with Galaxy Power Inc. (“Galaxy Power”), a newly-formed Canadian private corporation, to advise Galaxy Power, from time to time, on general innovative Hydrogen Clean Technology advancements throughout Canada. dynaCERT’s Hydrogen-On-Demand solutions, existing proprietary technology, patents, know-how and all future dynaCERT projects remain as dynaCERT’s continued and exclusive focus outside the scope of Galaxy Power and are not affected in any way by this association.
Hydrogen Economy Leaders Collaborating
dynaCERT’s forward-thinking management is fully committed to maintaining a Canadian leadership role in the new Hydrogen Economy while collaborating significantly with other top-ranked industry leaders, such as Galaxy Power, to further supplement and broaden general industry knowledge.
Galaxy Power Inc.
Galaxy Power is a newly formed single purpose vehicle set up exclusively for the purposes of advancing a pollution-free North America, focusing specifically on new Canadian Clean Technology developments and other forms of Clean Technology and related green fuels, unrelated to dynaCERT’s HydraGEN™ Technology, with the mission of “Generating Ideals for Ideal Generations”. Please see www.galaxypower.ca
Galaxy Power’s strategic corporate objectives are aimed at furthering a new Canadian hub of Clean Technology expertise in support of Canada’s Clean Technology Industry and fostering efforts in lobbying for the growth of Canada’s numerous and fast-growing Clean Technology enterprises especially through the rapid expansion of Canadian Government Incentives as they apply to Clean Technology.
Galaxy Power intends to continue to develop, in a non-dilutive way to dynaCERT, its collaborative know-how and deploy such knowledge to eventually possibly seed or participate in future advancements in the numerous businesses of the Hydrogen Economy. In consideration of the collaboration of dynaCERT’s support and industry know-how, dynaCERT International Strategic Holdings Inc. (“DISH”), a wholly owned subsidiary of dynaCERT, has been granted 20% of Galaxy Power’s equity, thereby enabling dynaCERT and DISH to benefit and participate in the possible growth and eventual commercialization of new originations of Canadian proprietary Clean Technology with no future commitments by dynaCERT nor DISH.
Jean-Pierre Colin, President & CEO of both DISH and Galaxy Power stated, “dynaCERT brings to Galaxy Power the ability to instantly be a national leader in the knowledge-based industry of the new Hydrogen Economy. Galaxy Power’s mission fits well with the advice and due diligence experience that dynaCERT’s non-core industry know-how in Clean Technology can create. A dynaCERT-Galaxy Power association is a very natural strategic win-win association and a distinct value creation collaboration where we will be very pleased to eventually feature future Galaxy Power opportunities.”
Jim Payne, CEO of dynaCERT, stated, “Galaxy Power brings to dynaCERT the high profile and unwavering dedicated team to prominently supplement our technological triumphs in innovative designs for the global new Hydrogen Technology marketplace. dynaCERT is honored to become a chosen adviser to an accomplished and highly respected national industry authority such as Galaxy Power, and with the leverage of their veteran line-up of specialists. dynaCERT is committed to constantly improving and driving our innovations with the utmost industry doyens who share our corporate mission and corporate culture. We all look forward to our noteworthy alliance together in the weeks, months and years to come as we continue to grow and expand our technology for today and into the future of the new Hydrogen Economy.”
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many 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. 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.
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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
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com