TORONTO, Dec. 18, 2012 /CNW/ - Dynamic Fuel Systems Inc. (TSXV: DYA), today announced that it has changed its name to dynaCERT Inc. ("dynaCERT") effective December 18, 2012 subject to regulatory and TSX Venture Exchange approval. The Company will continue to trade under the ticker symbol "DYA" on the TSX Venture Exchange.
The re-branding is meant to more accurately reflect the Company's vision and expanding product offerings. dynaCERT will remain focused on the development, manufacture and sale of hydrogen systems that improve the emission profile and fuel economy of large displacement diesel engines in the transportation sector. The Company is also continuing to develop emission reduction and fuel economy improvement products for other sectors that can benefit from the Company's HydraGen™ technology to reduce emissions and improve their carbon footprint.
"Our new name better captures our market position as an emerging global leader in Carbon Emission Reduction Technologies," said Grove Bennett, President of dynaCERT. "As we expand our marketing and sales initiatives for our HydraGen™ system, moving ahead with the dynaCERT name ensures our corporate brand and marketing efforts are aligned as we broaden our base of customers and increase awareness with industry and investors."
dynaCERT has accepted the resignation of Valdis Martinsons from its Board of Directors for personal reasons. Mr. Martinsons has agreed to continue in a technical advisory role at the discretion of the Company.
dynaCERT also announced that it has hired TMX Equicom ("Equicom") to provide strategic investor relations and financial communications services on a project basis. Under the terms of the agreement, the Company will pay Equicom up to $20,000 on a one-time basis for investor relations consulting. Neither Equicom nor any of its principals have an ownership interest, directly or indirectly, in dynaCERT or its securities, and dynaCERT has not granted Equicom or its principals any right to acquire any such interests. Equicom is a wholly-owned subsidiary of TMX Group Inc., and provides strategic communications services to approximately 100 public companies across a diverse range of industries from its offices in Toronto, Calgary and San Diego.
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.
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.
For more information, please visit www.dynamicfuel.com
SOURCE: dynaCERT Inc.
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