dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT")
partner, Canadian company Cipher Neutron Inc. (“Cipher Neutron” or
“CN”), has received from FuelPositive Corporation (“Fuel Positive”)
FuelPositive’s first purchase order for its unique Anion Exchange
Membrane (AEM) Electrolyser Technology.
Cipher Neutron’s Green Hydrogen AEM Electrolysers and Reversible
Fuel Cell technology can produce hydrogen without using any
Platinum Group Metals (PGMs), including Platinum, Iridium and
Ruthenium. This makes CN AEM Electrolysers one of the most
affordable and sustainable solutions available commercially to
produce high-volume and high-pressure Green Hydrogen. Cipher
Neutron Reversible Fuel Cells technology can be operated
bi-directionally to generate electricity from hydrogen and hydrogen
from water. Cipher Neutron Reversible Fuel Cells offer a compelling
alternative to conventional storage options like batteries,
eliminating the need for frequent recharging and reducing long-term
maintenance expenses.
Cipher Neutron’s commercial technology, now available worldwide,
is attracting interest from both strategic investors and end-users
of the most efficient electrolysers in multi-Megawatt and Gigawatt
projects across the globe.
FuelPositive is manufacturing modular, containerized Green
Ammonia production systems, with its first commercial system, the
FP-300, capable of producing 100 tonnes of Green Ammonia on-site,
per year.
FuelPositive has selected CN AEM Green Hydrogen Electrolyser
Technology as one of the most innovative and sustainable Green
Hydrogen solutions in the world today. Upon successful testing and
benchmarking by FuelPositive, the Cipher Neutron AEM Technology
will be used to make Green Hydrogen to produce Green Ammonia in
their commercial systems.
A FuelPositive FP300 system can produce up to 300 Kilograms of
Green Ammonia per day, which requires 30 Normal Cubic Meters (Nm3)
of hydrogen produced by the AEM electrolyser stacks. FuelPositive
plans to manufacture thirty (30) FP300 systems over the next 12 to
18 months. FuelPositive’s integration of Cipher Neutron’s
electrolysers for thirty FP300 systems, would equate to 4.5
Megawatts of commercial deployment of AEM Electrolyser stacks.
Ian Clifford, FuelPositive’s Chief Executive Officer and Chair,
stated, “We are very excited to work with Canadian Green Hydrogen
innovator and manufacturer Cipher Neutron. FuelPositive is testing
and benchmarking Green Hydrogen technologies worldwide for our
systems. We were happily surprised to find out that one of the most
promising and impressive Green Hydrogen technologies was here,
right in our neighbourhood! Teaming up with Canadian technology
companies and supporting the Canadian economy as we build our Green
Ammonia solutions aligns with our mission as a Company. If
everything works out as expected, we hope this is the first of many
transactions with Cipher Neutron.”
Nelson Leite, Chief Operating Officer and Director of
FuelPositive stated, “Cipher Neutron’s AEM Green Hydrogen
Electrolyser Technology has the potential to be an essential
component in operating our FP300 systems and beyond. FuelPositive
has built a world-class technology and manufacturing team, and this
alliance positions the Company for accelerated growth. FuelPositive
has successfully operated our core technology within our first
pilot system.”
Gurjant Randhawa, M.Eng., P.Eng., President and CEO of Cipher
Neutron, concluded, “Cipher Neutron supports FuelPositive in their
commercialization of Green Ammonia. We are eager to work with
FuelPositive toward successfully integrating our AEM Technology
into their systems. Cipher Neutron and FuelPositive share an
understanding of the imperatives around global food security and
sustainability and a desire to make conscious choices toward a
sustainable future in agriculture and other critical sectors.
FuelPositive’s Green Ammonia system and business model stand alone,
reframing the status quo of a multi-billion-dollar commodity
industry. Cipher Neutron is excited to be part of this
journey.”
About FuelPositive
Corporation
FuelPositive is a Canadian technology company committed to
providing commercially viable and sustainable, “cradle to cradle”
clean technology solutions, including an on-farm/onsite,
containerized Green Ammonia (NH3) production system that eliminates
carbon emissions from the production of Green Ammonia.
By focusing on technologies that are clean, sustainable,
economically advantageous and realizable, FuelPositive aims to help
mitigate climate change, addressing unsustainable agricultural
practices through innovative technology and practical solutions
that can be implemented now. The FuelPositive on-farm/onsite,
containerized Green Ammonia production system is designed to
produce pure, anhydrous ammonia for multiple applications,
including fertilizer for farming, fuel for grain drying and
internal combustion engines, a practical alternative for fuel cells
and a solution for grid storage. Green Ammonia is also considered a
key enabler of the hydrogen economy.
FuelPositive systems are designed to provide for Green Ammonia
production on-farm/onsite, where and when needed. This eliminates
wildly fluctuating supply chains and offers end-users clean
fertilizer, energy and Green Ammonia supply security while
eliminating carbon emissions from the production process. The first
customers will be farmers. Farmers use 80% of the traditional grey
ammonia produced today as fertilizer.
FuelPositive Corporation is based in Waterloo (Canada) and
trades on the TSX Venture Exchange under the symbol NHHH and in the
USA on the OTCQB under the symbol NHHHF.
About Cipher Neutron
Inc.
Cipher Neutron is a rapidly growing disruptive technology
company focused on AEM Electrolysers for Green Hydrogen production
and Reversible Fuel Cells for power generation and Energy Storage
Solutions. Cipher Neutron is a global group of scientists,
engineers, technology developers, experts in hydrogen technology,
investment bankers and people that have worked in hydrogen for
decades. Cipher Neutron’s innovative products, such as AEM
Electrolysers and Reversible Fuel Cells have unique advantages over
other Green Hydrogen production, power generation and energy
storage solutions currently available in the global market. Please
see: https://cipherneutron.com
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
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. In particular, information relating to
FuelPositive cannot be independently verified and information
relating to Cipher Neutron Inc. and its AEM electrolyser
technologies cannot be independently verified. 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. The
forward-looking information contained in this news release is
expressly qualified by this cautionary statement. We undertake no
duty to update any of the forward-looking information to conform
such information to actual results or to changes in our
expectations except as otherwise required by applicable securities
legislation. Readers are cautioned not to place undue reliance on
forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Toronto Stock Exchange) accepts responsibility for the adequacy or
accuracy of the release.
On Behalf of the Board of dynaCERT Inc. Murray James
Payne, CEO
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231116252791/en/
For more information:
dynaCERT Inc. Jim Payne, CEO & President #101 – 501 Alliance
Avenue Toronto, Ontario M6N 2J1 +1 (416) 766-9691 x 2
jpayne@dynaCERT.com
dynaCERT Inc. Nancy Massicotte Investor Relations +1 (416)
766-9691 x 1 nmassicotte@dynaCERT.com
Gurjant Randhawa, CEO & President Cipher Neutron Inc. 101 -
501 Alliance Avenue Toronto, Ontario M6N 2J1 +1 (647) 803-0002
grandhawa@cipherneutron.com
DynaCERT (TG:DMJ)
Historical Stock Chart
From Nov 2024 to Dec 2024
DynaCERT (TG:DMJ)
Historical Stock Chart
From Dec 2023 to Dec 2024