dynaCERT Inc. Provides Timing Update Re Stationary Generator Pilot Project
04 Novembre 2013 - 8:00PM
Marketwired Canada
dynaCERT Inc. (TSX VENTURE:DYA) ("dynaCERT" or the "Corporation") provides a
timing update regarding its previously announced pilot project to test the
Corporation's hydrogen technology on a 9R32 Wartsila generator (the "Pilot
Project") belonging to the Corporation's Pilot Project Partner (a private
corporation that is a generator, distributor and transmitter of electric energy
in a Caribbean nation).
As noted in the Corporation's news release dated October 7, 2013, Phase 1 of the
Pilot Project was initially scheduled to commence during the last week of
October 2013. The Corporation and its Pilot Project Partner have jointly
adjusted the schedule for Phase 1 commencement such that the introduction of gas
fumigation will begin at the end of November 2013. This schedule adjustment
allows the team to gather data relating to baseline performance over a longer
period of time, as well as ensure that all necessary equipment is at location
and operating as per expectations. Phase 1 is still estimated to cover a
timeframe of approximately 4 weeks, commencing at the end of November 2013.
As a reference, the details of Phase 1 are included below;
- Phase 1: will consist of testing and data collection that measures the
performance characteristics of a 9R32 Wartsila generator with the
introduction of gas fumigation at varying concentrations, compared to
baseline performance.
Phase 1 will be determined a success should there be a 5% or greater
increase in fuel economy which would automatically advance the Pilot
Project into Phase 2 upon receipt of Board approval from Pilot Project
Partner.
Should the results of Phase 1 not achieve a 5% or greater increase in
fuel economy, the Pilot Project can be abandoned in its current form
and function.
Phase 1 is scheduled to commence the last week of November 2013 and
has been budgeted at CDN$103,689.00, with cost allocations of
CDN$56,800.00 to the Pilot Project Partner (50% of which is due within
10 days of signing the collaboration agreement and the balance being
due within 30 days of commencement of Phase 1) and CDN$46,889.00 to
dynaCERT (with such funds being allocated towards upfront costs
associated with the Pilot Project). Phase 1 is estimated to cover a
timeframe of approximately 4 weeks.
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 for the
purpose of yielding lower carbon emissions and greater fuel efficiency. Our
technology is currently in use with on-road applications and is in development
for other applications, such as power generation. More information can be found
at www.dynacert.com.
Forward Looking Information
This release includes forward looking statements, which are based on certain
assumptions and reflects management's current expectations. These forward
looking statements are subject to a number of risks and uncertainties that could
cause actual results or events to differ materially from current expectations.
Some of these factors include: general global economic conditions; general
industry and market conditions and growth rates; uncertainty as to whether our
strategies and business plans will yield the expected benefits; increasing
competition; 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; changes in laws and regulations, including
codes and standards, intellectual property rights, and tax matters; 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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
dynaCERT Inc.
Jonathon Shepherd
General Manager
(416) 766-9691x605
jshepherd@dynacert.com
dynaCERT Inc.
Investor Relations
(416) 766-9691
ir@dynacert.com
www.dynacert.com
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