TORONTO, June 16, 2017 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) ("dynaCERT" or the "Company") is pleased to announce that the company has signed multiple dealership agreements in Europe. These dealers are located in Germany, Austria, Switzerland, Benelux, Italy, Spain, United Kingdom, France and Slovenia.
The dealers will stock and resell the HydraGEN™ products in their local markets. Some dealers will provide installation services in dedicated facilities where their clients will simply drive up to get an HG1 unit installed on their truck.
Hoer & Hoer GreenTech, the dealer for Germany and Switzerland, has already placed its first order. Hoer & Hoer GreenTech is also supporting dynaCERT in the homologation process of the HydraGEN™ technology with the German and European Union authorities to obtain certification for transport use.
Juergen Hoer, Hoer & Hoer GreenTech’s Sales Manager, states, “This is a great opportunity for us to be chosen to market the HydraGEN™ technology in the largest market within the European Union. We are excited about the technology’s future capabilities, especially the fact that we are helping our customers reduce their environmental footprint.”
“We have worked hard to set up a strong dealer team in central Europe where there are over 25 million diesel trucks currently in use. These initial dealers will bring the HydraGEN™ brand within sight of hundreds of trucking companies,” commented Enrico Schaepfer, VP of Global Sales.
Robert Maier, COO of dynaCERT, states, “Our additional manufacturing hall will be ready to meet the ramp up for North American and European demand.”
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, resulting in lower carbon emissions and greater fuel efficiency. Our technology is currently in use with on-road applications. 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 periodic updates of results, testing programs and results, negotiations with third parties concerning potential business transactions, and the timing of certain going forward projects. 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 or 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 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.
On Behalf of the Board
Murray James Payne, CEO