TORONTO--(BUSINESS WIRE)--dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased announce that it has received from Earthood Services Pvt. Ltd., (“Earthood”) the final Assessment Report on Methodology for Improved Efficiency of Fleet Vehicles and Combustion Engines (the “Assessment Report’). This Assessment Report had been requested by Verra in accordance with the terms and conditions set out in the applicable program rules of Verra.
dynaCERT has recently announced that if all findings by Earthood are closed out appropriately and sufficiently, Earthood would release its final report by end of November 2023. The Assessment Report has now been concurrently sent to Verra and dynaCERT by Earthood within the agreed upon schedules.
The Assessment Report supports the Methodology which will be used by dynaCERT to validate its Carbon Credits under Verra’s VCS Program.
dynaCERT’s proprietary HydraGEN™ Technology and HydraLytica™ Technology is designed to reduce carbon emissions in diesel engines.
The summary of the assessment conclusions of the Assessment Report is as follows:
The proposed methodology assessed in this report is based on the methodologies titled “AMS-III.BC.: Emission reductions through improved efficiency of vehicle fleets (version 3.0)”and VCS approved methodology VMR0004 entitled “Revision to AMS-III.BC to include Mobile Machinery (version 1.0)”. The VVB (Earthood) can confirm that:
- The proposed methodology revision complies with the Verra’s requirements/16/;
- The methodology form for its applicable version has been appropriately filled for all relevant sections;
- The application of tools, guidelines and other applicable document/1/(as mentioned in the methodology) is not altered;
- All relevant information has been consistently applied within the applicable sections in the methodology document.
Jim Payne, CEO of dynaCERT, stated, “On behalf of dynaCERT, I thank Earthood for delivering their Assessment Report on time, as previously agreed by Verra and ourselves. dynaCERT’s work to develop our unique Carbon Credit opportunities is advancing as scheduled and will greatly benefit the users of our proprietary HydraGEN™ Technology and HydraLytica™ Technology.”
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits 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, which has shown to lower carbon emissions and improve 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. Website: www.dynaCERT.com.
READER ADVISORY
This press release of dynaCERT Inc. contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause dynaCERT’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. In particular, information relating to Verra, the VCS Program, Carbon Credits and Earthood Services Pvt. Ltd. cannot be independently verified. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Actual results may vary from the forward-looking information in this news release due to certain material risk factors. This news release is not intended for distribution to U.S. news services or for dissemination in the United States.
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
