CALGARY, Dec. 13 /CNW/ - Dynetek Industries Ltd. ("Dynetek"), a leader in
developing, producing and marketing lightweight compressed natural gas (CNG)
and compressed hydrogen storage cylinders, announced today that it has
delivered its first Natural Gas Bulk Transport (BT) modules to the United
States using Dynetek's U.S. Department of Transport (DOT) certified cylinders
to Compressed Energy Systems LLC of Eldorado, Illinois. Dynetek's BT modules
will be used by Compressed Energy Systems LLC to transport Natural Gas from
stranded gas reservoirs.
Currently, Dynetek is the only company to have Type 3 light-weight U.S.
DOT approved Natural Gas Bulk Transportation (BT) modules. The lightweight BT
modules are ideally suited for transportation on trucks for land distribution,
or on barges to supply CNG inland, or to coastal locations where pipeline
infrastructure is not established. Lightweight transport modules offer
significant payload capacity. "The advantages of using Dynetek's lightweight
modules in the bulk transport of Natural Gas is the increased amount of gas
transported with each load," said Chris Schimp, President, Compressed Energy
The unique storage advantage of the BT System is Dynetek's DyneCell(R)
cylinder, which is made from a seamless, thin wall aluminum liner covered with
a full carbon fibre over-wrap. DyneCell cylinders are extremely lightweight,
non-permeable, and exhibit limited expansion under pressure and temperature
change. DyneCell cylinders have received approval from the US Department of
Transport for the transport of a variety of gases, such as: Natural Gas
(Methane), Hydrogen (H2), Helium, Nitrogen, Oxygen, or Compressed Air.
Dynetek's BT Systems are available in a variety of configurations,
depending on the quantity of gas to be transported. Each BT module can be
isolated for individual use or all three modules can be used to increase gas
flow rates. Individual modules can be removed from the trailer to accommodate
maintenance or special road loading requirements, with customized trailers and
BT module configurations available upon request.
Dynetek's BT Systems offer an "Instant Infrastructure(TM)" solution for
the bulk transportation of compressed gases," said Christian Rasche, Dynetek's
President and CEO. "These are our first BT modules transporting Natural Gas in
the U.S.A. and the growth of this segment of our business, will enable us to
continue to diversify our market base." Dynetek's BT and MRFS solutions have
been supplied to industrial gas users for the transport of Helium and Oxygen
to Industrial Gas customers.
Dynetek's BT System provides an alternative, cost effective development
solution for gas markets, while acting as "Instant Infrastructure(TM)" instead
of pipelines, by making CNG, H2 and other industrial gases immediately
accessible to end users.
Dynetek Industries Ltd. designs, produces and markets one of the lightest
and most advanced fuel storage and refueling systems for compressed natural
gas, low emission vehicles and compressed hydrogen, zero-emission fuel cell
vehicles. Dynetek is recognized around the world for its solutions-of-choice
to the alternate fuel vehicle sector, evidenced by strategic relationships
with major manufacturers around the globe. Dynetek is listed on the Toronto
Stock Exchange, symbol: DNK.
Certain information contained herein may constitute forward-looking
statements under applicable securities laws. Such statements are subject to
known or unknown risks and uncertainties that may cause actual results to
differ materially from those anticipated or implied in the forward-looking
statements. Investors are encouraged to review the "Risk Factors" section of
the Management's Discussion and Analysis in the Company's most recent Annual
Report and interim reports for a discussion of risks that could affect the
Company's operations and financial results. Forward-looking statements are
based upon management's assumptions, expectations and estimates at the time
that such statements are made. Dynetek does not update forward-looking
statements should circumstances change or management's assumptions,
expectations or estimates change, except as required by law.
For further information:
For further information: Christian Rasche, President and CEO, Dynetek
Industries Ltd., Main Phone: (403) 720-0262, Toll Free: 1-888-396-3835 (North