dynaCERT Inc. Announces Board Changes
21 Gennaio 2014 - 8:04PM
Access Wire
dynaCERT Inc. (TSX-V:
DYA) ("dynaCERT" or the
"Corporation") announces that Dr. Elliot Strashin and Dr.
Richard Lu have been
appointed to its Board of Directors, while Mr. Jay Freeman has
resigned as a director. Mr. Freeman will continue to provide
services to the Corporation as a member of the Business Advisory
Committee. The board of directors wishes to express its most
sincere thanks to Jay Freeman for his exemplary service and
tremendous contributions to dynaCERT and extends its
warmest welcome to Dr. Strashin and Dr. Lu.
Dr. Elliot Strashin
brings with him a wealth of experience across a number of
industries. His involvement with public mining companies began with
Maple Minerals Inc. from 1996 - 2001, where he served as a
director. In April of 1999 he joined the board of Canadian Golden
Dragon Resources Ltd. as Corporate Secretary and became President
and CEO in January of 2000. He continues to serve Dragon under its
new name, Trillium North Minerals Ltd., as CEO and President. Dr.
Strashin is also CEO and President of Strashin and Sons Limited, a
private real estate development company that specializes in
LEED1
certified, green building. dynaCERT's plant and
offices are located in one of these buildings. In keeping with his
green focus, Dr. Strashin has also involved himself in green
technologies as a co-founder of Ellsin Environmental Ltd., which
has built a prototype tire recycling plant in Sault Saint Marie and
is a wholly-owned subsidiary of Environmental Waste International
Inc. He is also a 50% shareholder and Chief Financial Officer of
Puma Hydrocarbons Inc. ("Puma"), a company whose purpose is to
promote and generate sales for green technologies, including
dynaCERT
products.
Dr. Richard
Lu brings
to dynaCERT extensive expertise in renewable energy, CDM
(Conservation and Demand Management)
and sustainable development.
Dr. Lu has more than 25 years of global experience
developing and implementing business strategies for organizations
in North America, Europe and Asia. He is currently an independent
consultant in the renewable energy and energy efficiency industry.
Dr. Lu previously held the position of Chief Conservation Officer
and Vice President of Toronto Hydro Corporation, where he developed
and executed a sweeping portfolio ($110 million) of Conservation,
Demand Management and Distributed Energy programs and was
instrumental in creating an energy conservation culture in Ontario.
He has also held senior positions with Enbridge Gas Distribution,
Husky Injection Molding Systems Ltd., and Dillon Consulting. Dr. Lu
holds an MBA and a Master of Health Science degree from the
University of Toronto, in addition to a Master of Science degree
and a Doctorate of Medicine degree from Tongji Medical University.
He is also a graduate of the Darden Executive Education Program of
the University of Virginia. Dr.
Lu is also a 50% shareholder
and Chief Executive Officer of Puma.
It should
be noted that the Corporation has also entered into an
Agency/Consulting Agreement with Puma, pursuant to which Puma has
been appointed as one of dynaCERT's non-exclusive
agents to represent the HydraGen(TM) technology to its customer
base. The foregoing agreement is for a term of three (3) years
(renewable for an additional three (3) years thereafter) and
appoints Puma as a non-exclusive selling agent of
dynaCERT,
which enables Puma to represent dynaCERT's products,
purchase wholesale products, obtain volume discounts, etc. The
Agency/Consulting Agreement is non-exclusive, however Puma may
identify named customers from time to time, in respect of which it
shall have exclusive negotiating rights for a period of six months
following acceptance by dynaCERT.
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 more information,
please contact:
---------------------------------------------------------
|Jonathon Shepherd, General Manager |Investor Relations |
|dyna CERT Inc. (416) 766-9691x605 |dyna CERT Inc. |
|jshepherd@dynacert.com |(416) 766-9691 |
| |ir@dynacert.com |
---------------------------------------------------------
1 LEED (Leadership
in Energy and Environmental Design) green building rating system
was originally developed by the US Green Building Council (USGBC)
to provide a recognized standard for the construction industry to
assess the environmental sustainability of building designs.
Canadian Green Building Council (CaGBC) has since adapted the USGBC
LEED rating system to the specific concerns and requirements of
buildings in Canada.
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