TORONTO, Aug. 9, 2013 /CNW/ - dynaCERT Inc. (TSX-V: DYA) ("dynaCERT" or the "Corporation") today announced Management Changes and Provides Corporate Update.
Corporate Management Changes
dynaCERT would like to announce that Mr. Grove Bennett will no longer be functioning as the President and Corporate Secretary with dynaCERT Inc. The Board of Directors wishes to thank Mr. Bennett for his years of service and wish him well with future endeavors.
Effective Immediately Mr. Jim Payne, CEO will assume the title and responsibilities of President of dynaCERT.
Ms. Yumey Fernandez will assume the title and responsibilities of Interim Corporate Secretary.
Mr. Jonathon Shepherd has accepted the position of General Manager and will oversee the Corporations Marketing, Sales and day-to-day Business Operations.
Corporate Update - AltEnergy
dynaCERT would like to provide an update regarding its announcement on April 23, 2013 regarding AltEnergy Advisors Inc.(AltEnergy).
AltEnergy continues its due diligence of our HydraGen™ technology in order to pursue negotiations and agreements in which a third party can agree to purchase either or both the right to manufacture the System in China (the "Manufacturing Rights") and/or the right to distribution of the System in China. The agreement also indicates that dynaCERT, at its discretion may agree to "licensing agreements" where manufacturing of the product can take place internationally, however; dynaCERT will maintain control and distribution of proprietary and Intellectual Property to third parties.
dynaCERT continues to speak with the Partners at AltEnergy and Global Partners through the due diligence process, and remains open to exploring opportunities that are consistent with the above agreement.
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. More information can be found at www.dynacert.com
This release includes forward looking statements, which are based on certain assumptions and reflects management's current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; 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; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; 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.
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.
SOURCE dynaCERT Inc.