Welcome to our dedicated page for Dynacert news (Ticker: DYFSF), a resource for investors and traders seeking the latest updates and insights on Dynacert stock.
dynaCERT Inc. (OTCQB: DYFSF) is a Canadian Cleantech company based in Toronto that focuses on Carbon Emission Reduction Technology for internal combustion engines. Its news flow highlights developments around its HydraGEN™ hydrogen-on-demand hardware, the HydraLytica™ telematics and analytics platform, and related corporate and financing activities.
Investors following DYFSF news can see updates on deployments of HydraGEN™ technology in real-world settings, such as the installation on the crane fleet at the Port of Rochefort–Tonnay-Charente in France, as well as the company’s efforts to expand into port logistics, transportation, mining, construction and power generation markets. News releases also cover distributor agreements, including an arrangement for the Mexican market and the state of Texas in the United States, and purchase orders for HydraGEN™ units.
dynaCERT’s announcements frequently address topics such as emission reduction, fuel savings, hydrogen-based technologies and the use of HydraLytica™ for monitoring fuel consumption and greenhouse gas emissions savings. Corporate governance and management changes, including board appointments and retirements, are also reported, alongside stock option grants and other equity-related matters.
Financing news, such as non-brokered private placement offerings of convertible notes and warrants or amendments to existing warrants and a convertible note, provides additional context on how the company funds sales of its technology products and supports working capital. For a fuller picture of DYFSF, readers can use this news page to review how dynaCERT communicates its Cleantech strategy, market expansion efforts and operational milestones over time.
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dynaCERT Inc. (OTCQX: DYFSF) has signed a Memorandum of Understanding (MOU) with Cipher Neutron Inc. and Molibdenos y Metales S.A. (Molymet) to develop advanced Hydrogen technology, specifically AEM Electrolyser systems. This collaboration aims to produce Green Hydrogen tailored for Molymet's facilities and assess their proprietary rhenium products for enhanced efficiency in hydrogen applications. dynaCERT's 5 Kilowatt AEM Electrolyser boasts a remarkable current density of 2 amps/cm², significantly outperforming traditional systems, producing 28 times more Hydrogen Gas. The planned cost for the AEM stacks is below USD 950/kilowatt, positioning dynaCERT competitively in the green hydrogen market. CEO Gurjant Randhawa emphasized the MOU allows for cross-industry collaboration in hydrogen technology. This partnership aligns with dynaCERT's ambition to lead in the hydrogen economy and contribute to sustainable clean energy solutions.
dynaCERT Inc. has successfully closed a non-brokered offering, raising $2,000,000 through the issuance of a Convertible Note and Warrants. Each Unit consists of a Convertible Note with a 10% interest rate and the option to convert into 6,666,667 common shares at $0.30 per share, alongside 666,667 common share purchase Warrants at the same exercise price. The net proceeds will support working capital. The securities are subject to a four-month hold period post-closing, expiring on August 19, 2023. This financing emphasizes dynaCERT's ongoing commitment to developing carbon emission reduction technologies, aiding its growth in the hydrogen economy.
dynaCERT and Cipher Neutron will showcase their new 5 kilowatt AEM Hydrogen Electrolyser at the Canadian Hydrogen Convention in Edmonton, Alberta, from April 25 to April 27, 2023. The electrolyser can produce 1000 liters per hour of Green Hydrogen, essential for reducing carbon emissions. This event aims to position Canada as a leader in the global hydrogen economy, focusing on innovations to achieve net-zero emissions by 2050. With over 20 years of experience in Green Hydrogen production, dynaCERT and Cipher Neutron aim to provide cost-effective solutions that do not rely on precious metals and achieve up to 82% efficiency. This technology marks a significant step towards displacing the $500 billion grey hydrogen market.
dynaCERT Inc. has announced a fully-subscribed, non-brokered offering that will yield $2,000,000 in gross proceeds. Each Unit in the offering comprises a Convertible Note with a 10% annual interest rate, maturing on December 31, 2023, which can be converted into 6,666,667 common shares at a price of $0.30 per Share. Additionally, each Unit includes 666,667 common share purchase warrants, which can be exercised at $0.30 before March 31, 2026. The net proceeds will be allocated for working capital, supporting the company’s operational needs. The deal awaits regulatory approval and the shares will be subject to a hold period of four months plus one day.
dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) announces the appointment of Jean-Pierre Colin as interim Chief Financial Officer, effective immediately. He is currently the Executive Vice President, Corporate Secretary, and a Director. This change follows the resignation of Carmelo Marrelli as CFO, who dynaCERT thanks for his service. The firm specializes in Carbon Emission Reduction Technology and proprietary telematics designed to monitor fuel consumption and greenhouse gas emissions, contributing to the hydrogen economy.
dynaCERT and Cipher Neutron commend the Canadian Government for the Clean Tech Incentives in Budget 2023, which includes tax credits for Green Hydrogen Electrolysers. These incentives support clean technology to reduce greenhouse gas emissions in Canada, aligning with the Paris Agreement. dynaCERT has been producing hydrogen-on-demand electrolysers to enhance fuel efficiency and reduce emissions. Their AEM Electrolysers boast an 82% efficiency, providing cost-effective solutions for sectors including oil & gas and fertilizer. Through extensive consultations, both companies aim to advance clean technology and support the government's climate initiatives.
dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) announces the immediate resignation of Richard Lu from its Board of Directors as he takes on the role of President & CEO at a newly public company requiring his full attention. The company expresses gratitude for his service. dynaCERT is engaged in manufacturing Carbon Emission Reduction Technology, including the HydraLytica™ Telematics system, which aims to monitor fuel use and GHG emissions. Their patented technology generates hydrogen and oxygen on demand, facilitating improved combustion and reduced emissions in various diesel engines.
dynaCERT Inc. (DYFSF) has entered a Memorandum of Understanding (MOU) with Cipher Neutron Inc., Safe Energy General Trading, and Astec Valves and Fittings to promote and market advanced hydrogen technology, including AEM Electrolyser technology, across India, Europe, and the Middle East. The MOU aims to advance testing of proprietary hydrogen technologies and develop efficient Electrolysers for lower-cost green hydrogen applications. This collaboration is positioned to leverage partnerships in high-pressure flow technologies critical for green hydrogen production. The firms are also participating in the Connecting Green Hydrogen MENA 2023 event in Dubai to further promote their initiatives.
dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) has entered into a Collaboration Agreement with Cipher Neutron Inc. to enhance the development of Hydrogen technologies, including AEM Electrolyser and Reversible Fuel Cell technologies. The partnership aims to produce Green Hydrogen for large infrastructure projects, targeting reduced production costs and improved efficiency. Key goals include developing 5, 50, and 250-Kilowatt AEM Electrolysers and establishing production facilities. Additionally, dynaCERT plans to invest up to $17.5 million to gain a significant stake in Cipher Neutron while facilitating an International Hydrogen R&D facility in the Greater Toronto area.