TORONTO, January 06, 2025--(BUSINESS WIRE)--dynaCERT Inc. (TSX: DYA) (OTC: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is very pleased to announce that the Company has appointed Mr. Seth Baruch to dynaCERT’s Advisory Board and Carbonomics, LLC, as a consultant to dynaCERT to implement Verra Carbon Credit Projects.
Seth Baruch is an innovative sustainability executive with a highly successful record of implementing clean energy projects around the world. He has accumulated a deep understanding of the energy industry and new technologies, particularly in renewable energy, energy efficiency, water, waste management and energy storage. He started, built and sold a carbon-trading company and was directly responsible for projects that are reducing millions of tons of greenhouse gas emissions every year.
For fourteen (14) years, Carbonomics helps businesses realize the potential of carbon offsets in the US and international emission-trading markets. Carbonomics identifies greenhouse gas (GHG) reduction opportunities, determines how projects can generate carbon offsets, and guides companies through the entire process, from project inception to annual verification. Carbonomics is a leading developer of carbon offset projects using new and innovative technologies. Companies come to Carbonomics when they want to bring new carbon assets to the marketplace. And with low-GHG technologies developing at a furious rate, such as dynaCERT’s HydraGEN™ Technology, Carbonomics brings that innovation to the carbon market.
Mr. Seth Baruch, a member of dynaCERT’s Advisory Board and CEO of Carbonomics, stated, "With the transport sector being such a challenge to decarbonize, I look forward to working with the dynaCERT team on its carbon credit projects and as an Advisory Board Member."
Jean-Pierre Colin, Executive Vice President & Director and CFO of dynaCERT, stated, "The global importance of reducing carbon emissions requires that this process be carried out professionally and effectively. I welcome Seth to the dynaCERT team as his unwavering dedication and vast experience of implementing carbon credit projects aligns with our goals of enabling users of diesel engines to participate in reducing planetary warming."
Jim Payne, Chairman and CEO of dynaCERT, stated, "On behalf of the entire board of dynaCERT, and our growing team of dedicated experts in carbon reduction, I warmly welcome Seth to our Advisory Board. Seth and his company, Carbonomics, have long-term experience with the entire process of Verra Carbon Credits, from obtaining suitable project approvals and all the way to monetizing the resulting Carbon Credits that our clients can benefit from. With Seth, our corporate goals to implement Verra Carbon Credits are one major step closer to realizing the global impact that our HydraGEN™ Technology offers to our clients. I look forward to discussing our developments and objectives with our clients and dealers in the following weeks."
Pursuant to its stock Option Plan and in accordance with regulatory requirements, the Company announces that it has issued 250,000 options to a consultant to purchase its common shares in the authorized share structure of the Company, the exercise price of each such option being $0.25 (Canadian) per share for a period expiring December 10, 2029.
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits 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, which has shown to lower carbon emissions and improve 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. Website: www.dynaCERT.com.
READER ADVISORY
This press release of dynaCERT Inc. contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause dynaCERT’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. In particular, information relating to Verra, the Verra Methodology, Carbon Credit Projects, Carbon Credits, Seth Baruch and Carbonomics, LLC cannot be independently verified. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Actual results may vary from the forward-looking information in this news release due to certain material risk factors. This news release is not intended for distribution to U.S. news services or for dissemination in the United States.
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. 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.
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