dynaCERT takes stock of its strategic alliance with the Mosolf group
TORONTO – (COMMERCIAL THREAD) –dynaCERT Inc. (TSX VENTURE: DYA) (OTCQX: DYFSF) (FRA: DMJ) (“dynaCERT“or the” Company “) announces that its strategic alliance with Mosolf SE & Co. AG (” Mosolf “), first announced by the Company in a press release dated October 16, 2019 (and commented on in its report of subsequent management in the first and second quarters of 2020, was terminated. Although discussions regarding this strategic alliance continued throughout 2021, the Company recently acknowledged the termination of Mosolf’s strategic alliance. The Company’s strategy with Mosolf initially included a purchase order for 1,000 HydraGEN â¢, a concession agreement for Germany and an agreement to negotiate for a joint venture for the passenger car aftermarket in Europe. that the Company has maintained a positive relationship with the Mosolf group and its managers, the objectives of the initial agreement have not materialized, since only 48 units out of the 1,000 units of the previous order form. has not been delivered. As with several other orders received by the Company in late 2019 and early 2020, the COVID-19 pandemic has had a significant impact on this relationship, both in terms of access to potential markets and Mosolf customers, and in terms of terms of society’s limitations on production (and availability of inputs) throughout the lockdowns imposed by the Ontario government throughout 2020 and into 2021. At the same time, the relative importance of this concession decreased in 2020 because the total number of concessionaires increased significantly (with dynaCERT now having more than 45 dealers worldwide, of which seven (7) are located and operating in Europe), and due to the growing relative importance of the Company’s relationships with its other dealers and agents who operate in several centers in the world. These European concession agreements are concluded between the European subsidiary of the Company, dynaCERT GmbH Inc. (which operates out of Germany, with a total of five (5) dedicated employees) and covers various European countries including Germany, Austria, the Netherlands and Benelux, Italy, the Portugal, Latvia and the Baltic States, the United Kingdom and Ireland.
The Company notes that the information in this press release is provided to comply with a request by staff of the Ontario Securities Commission following a review of the continuous disclosure.
On dynaCERT Inc.
dynamicCERT 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 delivers these gases through the air intake to improve combustion, resulting in reduced carbon emissions and greater energy efficiency. Our technology is designed for use with many types and sizes of diesel engines used in road vehicles, refrigerated trailers, off-road construction, power generation, mining and forestry equipment, ships and locomotives. railway. Website: www.dynaCERT.com.
ADVICE TO THE READER
Except for statements of historical fact, this press release contains certain âforward-looking informationâ within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “plan”, “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 can not guarantee future results, the performance of achievements. Accordingly, there can be no assurance that the actual results obtained will be the same, in whole or in part, as those stated 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 is subject to various risks and uncertainties and other factors that could cause actual events or results to occur. differ significantly from those anticipated in the forecast – seeking information. Some of the risks and other factors that could cause 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 produce the expected benefits; availability and cost of capital; the ability to identify, develop and achieve commercial success for new products and technologies; the level of expenditure required to maintain and improve the quality of products and services; technological changes and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy which is evolving at an unexpected rate; our ability to establish and maintain strategic relationships and distribution agreements; and 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 considered exhaustive.
The forward-looking information contained in this press release is expressly qualified by this cautionary statement. We assume no obligation to update forward-looking information to conform with actual results or 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 regulatory 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 board
Murray James Payne, CEO