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
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
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.
For further information:
President & Corporate Secretary
(905) 831-2440 ext. 613