Sector NewswireTM Sector: Mining - Metals and Minerals :
News Release - August 4, 2017 05:10 PM ET
dynaCERT CEO Interview/Update
NEW YORK, NY, August 4, 2017 /Sector Newswire/ - dynaCERT Inc. (TSX-V: DYA) (US Listing: DYFSF) CEO, President, and Director, Jim Payne provided an interview to an investment news portal about the opportunity and developments within the Company that will be of interest to shareholders -- below is related sourced copy from the July 27, 2017 interview:
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dynaCERT Inc. (TSXV:DYA;
OTC:DYFSF) is a growing green energy company with a
patent-pending carbon emissions technology. HydraGENTM is
a computerized, on-demand electrolysis system, supplying
the air intake on internal combustion engines with timed
releases of hydrogen and oxygen for a cleaner, more
efficient burn.
Road tests and third-party validation have proven that HydraGENTM is able to reduce greenhouse gas emissions and improve fuel efficiency. Purchase orders year-to-date for HydraGENTM units so far in 2017 have resulted in total gross sales of over $4.5 million. To date, dynaCERT has mainly shipped its product to large North American trucking fleets. But according to company management, that’s just the start.
Below is a transcript of
our interview with dynaCERT CEO Jim Payne. It has been
edited for clarity and brevity.
Investing News Network:
For our readers who are unfamiliar with dynaCERT, can
you please tell us about your hydrogen technology?
dynaCERT CEO Jim Payne: Our
hydrogen technology is designed for internal combustion
engines — not the banned electrolysis units. HydraGENTM supplies
the air intake with pure hydrogen and oxygen gases,
increasing fuel economy, torque and engine oil life,
while also reducing emissions. Hydrogen isn’t stored at
any point. Instead, it is produced on demand as the
engine needs it.
What really separates us
from anything else out there is our Smart ECU. Our
product is fully computerized, like a cell phone. It
learns all the time, analyzing the literally thousands
of variables affecting the balance of hydrogen and
oxygen needed for a complete burn.
Using GPRS, we can conduct
live software updates and track everything, everywhere.
We can record fuel savings and emissions reductions —
and then convert these into carbon credits. We also just
launched an app so users can access their data from
across the world. This is smart technology, through and
through.
INN: What does this
technology mean for the fossil fuels industry and the
movement towards lowered greenhouse gas emissions as a
whole?
JP: We’re not a
threat to the fossil fuel industry. Instead, our
technology helps the industry perform better. Our
technology increases the air-fuel ratio resulting in
improved combustion which leads to lower fuel
consumption and better efficiency. It’s a fact that
introducing hydrogen and oxygen to a diesel engine
increases the flame spread on average of nine to ten
times. Our unit is proven to improve fuel efficiency up
to 19.2 percent, reduce greenhouse gas emissions by 40
percent, and reduce particulate matter north of 65
percent.
INN: Sales of
HydraGENTM units this year have done exceedingly well.
Can you please tell us about the latest figures, who is
buying, and what are your projections for the rest of
2017?
JP: We’ve sold 700
units to date and are producing an average of 50 units
today, with more units shipping daily. We’ve just
doubled the size of our assembly facility to keep up
with demand, which we expect to continue to grow
rapidly.
Right now, we’re focused
on large diesel transports, or Class 8 trucks. We’ve
sold units across North America. Our large fleet buyers
are starting out small, purchasing five and ten units —
and then testing them for a month or two to see the
savings for themselves. The feedback we’ve received to
date has been very positive and bodes well.
We’ve tracked those trucks
— and they’ve exceeded our expectations for fuel
savings. Truckers have also told us their truck uses 60
percent less diesel exhaust fluid, which is sprayed into
exhaust to break down harmful emissions.
INN: dynaCERT was
recently named to the 2017 TSX Venture 50, ranking as
the top company across all sectors. Can you tell us
about the impressive stock performance over the past
year and what you think is driving that success?
JP: The biggest
factor driving success is that this is proven technology
that meets today’s demands. Last year the Ontario
Automotive Centre of Excellence validated our technology
with extensive studies verifying the emissions
reductions and up to 19.2 percent in fuel savings. Fuel
savings are huge for the trucking industry, which works
on tight margins with fuel being their largest cost.
Governments are also
cracking down on the industry in terms of emissions
standards. The few other existing technologies that
reduce emissions do so after the fact, adding filtration
systems truckers hate because of it costs them extra
down time. With our technology, however, we deal with
the emissions right at the source instead of trying to
clean up exhaust before it exits the tailpipe.
INN: You now have a new
product under development which is the HydraGENTM 2. Can
you tell our readers a little bit more about this
technology, how it compares to the first generation and
what markets this new product will serve?
JP: We’re very
excited about HG2. We’ve got prototypes on the bench
being tested now that are about 25 percent the size of
our HG1 unit. The small size of our HG2 units opens the
door to whole new markets, including in India and
Europe, where many trucks are smaller. In North America,
we’re working with Loblaw to build units for their
refrigerated trailers and containers. These smaller
trucks use a smaller diesel engine known as a reefer
engine which runs 24/7 to keep things cool. Our smaller
HG2 unit will also accommodate Class 6 and 7 trucks,
such as delivery vehicles and buses.
INN: This month you
also announced a collaborative partnership with
Northwest Territories Power Corp on a fuel savings and
emission reduction pilot project located in the
Northwest Territories. Please tell us more about the
project and its goals.
JP: Their engineers
have been working with ours for the past four months to
design a unit that would work with their stationary
power generators in remote locations. We’re very excited
about how things are progressing. Between projected fuel
savings and the reductions in emissions, this is going
to be a huge win for Northwest Territories Power Corp —
and it opens doors for dynaCERT as we move into power
generation — an absolutely huge market.
The Northwest Power Corp
alone runs 3,500 generators — and there’s literally tens
of thousands more of these generators scattered across
the rest of the country in remote communities, mining
camps and similar operations.
These units can also be
scaled up to accommodate the shipping market. Their
engines are far larger than what we currently deal with.
But the amount of fuel they burn and emissions they
generate is absolutely unreal. One container ship puts
out the equivalent of 50 million cars per annum in
pollution. And we know without a shadow of a doubt we
can make a huge reduction in that.
I actually had a
conversation with a shipping company not long ago, in
which I told the representative our unit can save them
10 percent in fuel — paying for itself in six to eight
months. But he told me that wasn’t the biggest benefit.
Jim, you don’t understand, he said. Fuel is our largest
cargo. If we reduce that by 10 percent, we can increase
our payload by the equivalent in weight — that’s worth
even more than fuel savings.
Clearly, this is a win-win situation.
INN: One final
question. When you look back on this year, what
accomplishments do you think will stand out in your mind
and what are you most excited about?
JP: The fact that we’re graduating to the Toronto Stock Exchange from the Venture Exchange will be a big accomplishment for the company. But I think by far, when we look back, sales will be number one. I am pleased with our first quarter results as we commenced commercial sales. With plans to expand globally, we’re just getting warmed up.
Earlier this year, we
hired a new VP of global sales — whom we brought in from
Europe. He’s back in Europe right now, and very soon
we’ll announce dealerships throughout the European
market. We’re expanding very quickly, making this an
exciting time. # #
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned.
SOURCE: Sector Newswire editorial
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