dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or
the "Company") is pleased to announce that its HydraLytica™
Technology, which measures fuel savings in real time for users of
dynaCERT’s proprietary HydraGEN™ Technology, is greatly escalating
its scope of applications and utility to respond to the growing
industry needs of Logistics companies and the broader Trucking
Management software ecosystem. In so doing, dynaCERT is expanding
into the FreightTech industry.
dynaCERT International Strategic Holdings Inc.
(“DISH”), a wholly-owned subsidiary of dynaCERT, has agreed with
Corsario Ltd. of Mississauga, Canada (“Corsario”), dynaCERT’s
HydraLytica™ software developer, to magnify and maintain the
functionality of its new proprietary suite of FreightTech software
applications. GP LogiX Inc. (“GP”), a wholly-owned subsidiary of
Corsario established specifically for this single purpose, will
market the functionality of dynaCERT’s new FreightTech software and
share equally with DISH all financial benefits, thus providing a
stream of cash flow to dynaCERT, through DISH.
The added innovative and proprietary FreightTech
functionality that dynaCERT is promoting to both (a) its users of
HydraGEN™ Technology and (b) non-users of HydraGEN™ Technology that
participate in the logistics ecosystem or manage trucking fleets,
provides numerous features indispensable for modern fleet
management.
Among the current prospects of GP currently
utilizing the FreightTech technology of DISH are Day & Ross,
Ottaway Motor Carriers, Drisco Carriers (based in the USA) and
Stevens Brothers Trucking (based in the USA). Additionally, members
of GP are proud to have membership with Women in Trucking where GP
is working to make participation in the trucking industry safer and
to encourage more diverse employment in the logistics industry.
The Company views its decision to enter into the
FreightTech industry as a supplementary evolution of services that
fit very naturally with dynaCERT’s fuel-saving and emission-saving
know-how, marketed as its existing HydraGEN™ Technology. Not only
do current and future users of HydraGEN Technology have the
benefits of fuel savings and reducing carbon emissions, but also
the ability to subscribe to innovative proprietary FreightTech
management solutions through a monthly subscription programme.
Our PaaS (Platform as a Service) solution
enables the aggregation of data to create actionable intelligence
and present it in a form that is widely accessible and
understandable by the user. The delivery of our solution is
through a managed service, where, not only is the raw data
available to the user, but the software monitors industry-based Key
Performance Indicators comparing real time data streams to industry
averages and reporting areas of deficiency. Our FreightTech
solution reports the data in an easy to use and easy to understand
mobile application as well as providing recommendations on numerous
matters such as fleet management, route planning, driver safety,
and load management.
In doing so, we create a value proposition by
allowing companies to make educated, data driven decisions through
accessible information that incorporates industry knowledge,
security, data searching, and an easy to use User Interface with an
underlying structure of managed services. The PaaS where we
deliver the entire environment required to install, service, train,
and execute the model in a single monthly subscription price which
does not require the client to have any pre-requisites nor ongoing
hardware or software capability to sustain the platform and it
allows them to be resilient to staff turnover or instability.
Chris Grossman, CEO of GP LogiX Inc., stated,
“Increasingly, transportation companies rely upon digitized
logistics integration software to optimize management processes
along their entire transport route. Many are recognizing the need
to visualize large amounts of complex data in real time and in a
utilisable format. We have witnessed first-hand how our
competencies in data analytics can be an enormous value to many
users of dynaCERT’s HydraGEN™ technology, so it makes perfect sense
to strengthen our DISH alliance to enable new GP initiatives
announced today. The fast-growing FreightTech market is a perfect
fit with the historical core capabilities that Corsario has
demonstrated over decades of experience. Our clients can benefit
immediately by our commitment to improve FreightTech beyond what
traditional competitors may have been offering. The new close
alliance with dynaCERT propels our future even faster and provides
an immediate synergy that helps our clients achieve their targets
around carbon emissions as well as fuel efficiency savings. The
ability to marry innovative FreightTech with dynaCERT’s
HydraLytica™ software is unique and can be very rewarding. We can
now deliver premium quality FreightTech for free by offsetting the
subscription cost of our GP managed service with fuel savings from
dynaCERT‘s HydraGEN Technology and reduce the financial burden of
entry for customers who previously found these necessary advanced
software platforms much too cost prohibitive.”
Jean-Pierre Colin, President & CEO of DISH,
stated, “The mission of DISH, as a wholly-owned subsidiary of
dynaCERT, is to advance dynaCERT’s synergistic initiatives that can
demonstrate the potential to greatly benefit dynaCERT shareholder
value. The target market of FreightTech is similar to that of our
HydraGEN Technology in trucking markets. We view our new
FreightTech initiative as an exceptional business opportunity with
a very competitive-edge product. In addition, FreightTech
seamlessly complements our current proprietary products, an opening
that can expand in parallel to dynaCERT’s HydraGEN™ fuel savings
solutions.”
Jim Payne, President & CEO of dynaCERT,
stated, “Through our new DISH initiative with GP LogiX Inc.,
dynaCERT is partnering shoulder to shoulder with known industry
experts that have a long history and track record of success in
innovative software development. The management of GP has proven
that it has the ability to secure very important and high-profile
clients, while Corsario has shown that it can be quick and nimble
to develop software solutions that dove-tail with our proprietary
HydraGEN™ Technology while advancing our plans to offer Carbon
Credits. Our close association allows us to execute two important
strategic mandates (1) to adapt to the growing desires of end-users
of our HydraGEN™ products and (2) become trail-blazers in the
FreightTech business while maintaining our core competencies and
fostering together our global award-winning HydraGEN™
Technology.”
About Corsario Ltd.
Corsario is a software development company based
in Canada and operating internationally. Corsario is managed by Mr.
Brian Semkiw and Mr. Rui Mendes who were the pioneers in critical
data security software which is used in international payments
systems such as Apple Pay, PayPal and many other point-of-sale
terminals worldwide. Similar high stakes data security issues
become vital to user adoption of dynaCERT’s HydraGEN™ Technology,
along with its HydraLytica™ and FreightTech software. More
information about GP LogiX Inc. is available here:
https://www.gplogix.com/
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. In particular, forward-looking
information in this press release includes, but is not limited to
completion of the Offering, satisfaction of TSX listing conditions
and regulatory approvals. 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 the
Toronto
Stock Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the Toronto
Stock Exchange) accepts
responsibility for the adequacy or accuracy of the
release.
On Behalf of the BoardMurray James
Payne, CEOFor more information, please
contact:
Jim Payne, CEO & PresidentdynaCERT Inc.#101 – 501 Alliance
Avenue Toronto, Ontario M6N 2J1 +1 (416) 766-9691 x
2jpayne@dynaCERT.com
Investor RelationsdynaCERT Inc. Nancy Massicotte +1 (416)
766-9691 x 1nmassicotte@dynaCERT.com
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