dynaCERT Provides Operational Update and Executes Definitive Sales and Marketing Agency Agreement
TORONTO, Jan. 25, 2013 /CNW/ - dynaCERT Inc. (TSX-V: DYA), formerly Dynamic Fuel Systems Inc., today announced that it has executed a definitive Sales and Marketing Agency Agreement with East West Fuel Strategies Inc. (EWFS). Under the agreement, EWFS will represent dynaCERT and its products, including its flagship HydraGen™ unit, in Ontario, Canada and Southeast Asia.
"Our partnership with EWFS supports our new sales and marketing strategy that focuses on opening new channels to market our HydraGen™ technology," said Grove Bennett, President of dynaCERT. "Southeast Asia, with its rapidly growing industries and fuel demand, will be a key market for our fuel efficiency and emissions reduction technologies."
As part of the agreement, dynaCERT has already received and delivered an order of 10 HydraGen™ units to EWFS' Indian operations. The units are expected to be installed in the next 30 days and the Company anticipates further orders to follow. dynaCERT continues to focus on securing more strategic partnerships to support the expansion of its sales channels in North America.
dynaCERT has moved its U.S. customer support and installation operations to its headquarters in Toronto, Ontario. Going forward, dynaCERT product installations will be done onsite at customer locations by dynaCERT and its affiliates. The operational consolidation should increase dynaCERT's quality control and continuous product improvement processes.
dynaCERT is continuing to develop its corporate communications program to reflect the Company's new business strategy and expanded product offering. Management is on track to unveil its new branding and corporate presentation in the coming weeks.
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs the HydraGen™ transportable hydrogen generator. The HydraGen™ is a patent-pending, retrofit solution for the heavy tractor-trailer industry. It provides engine performance enhancement by mixing hydrogen into a vehicle's intake air, resulting in lower carbon emissions and greater fuel efficiency.
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.
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SOURCE: dynaCERT Inc.For further information:
(905) 831-2440 ext. 601