TORONTO, April 23, 2013 /CNW/ - dynaCERT Inc. (dynaCERT) (TSX-V: DYA) announced that it has signed an Agency/Consulting Agreement with AltEnergy Advisors Inc. (AltEnergy)
The terms of this agreement allow AltEnergy 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. With this agreement, 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.
"We are pleased to have formed this agreement with AltEnergy Advisors and look forward to strong and productive business relationship. This relationship is another step dynaCERT has taken towards achieving its mission statement. We would like to acknowledge the introduction of AltEnergy was through the relationship with Global Partners Inc. (Global Partners). Global Partners is a valued partner with dynaCERT as we continue to increase awareness of our technology and expand our products offerings within international markets." states Jim Payne - CEO dynaCERT Inc.
AltEnergy is currently conducting due diligence relating to our hydrogen-injection technology and once completed intends on presenting dynaCERT with business opportunities relating to licensing agreements with Chinese counterparts.
About AltEnergy Advisors Inc.
AltEnergy Advisors Inc., headquartered in Des Moines, IA, USA, is a firm that focuses on technology transfers from North American firms to Chinese firms as well as resource acquisition and brokering to Chinese manufacturers. AltEnergy was formed by Shawn Carson and Yichen "MJ" Liu. A broad spectrum of projects have been transferred, sourced, and contracted including agricultural, automotive, alternative energy, traditional energy, financial, environmental, and transportation.
Successful projects focus on proprietary innovations being matched with the most capable Chinese firm(s) in terms of State equity position, gross capital, manufacturing and engineering capabilities, and potential market aggression and proliferation. AltEnergy's partners utilize direct Chinese government access to expedite joint-venture and interaction, financing, and technology transfers.
About Global Partners Inc.
Global Partners Consulting Canada, Inc. is an international consulting and technology licensing firm. Global Partners consults to continuous learning organizations involved in developing and commercializing environmentally sustainable technologies.
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with diesel 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 and power generation 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.