dynaCERT provides update on the purchase order for hydragen™ units destined for Guyan.
dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) provides an update pursuant to its Press Release dated May 26, 2023 regarding the purchase order of its HydraGEN™ Technology Units destined for Guyana (the “Press Release”). (See Press Release dated May 26, 2023)
The recipient of these HydraGEN™ Technology Units is a logistics company located in Guyana (the “Purchaser”). The Company remains ready to fulfill all purchase orders contemplated in the Press Release. Deliveries of certain HydraGEN™ Units are delayed pending further notice by either the Purchaser or the broker, acting as a conduit, that all outstanding issues described below have been resolved to everyone’s satisfaction.
Various postponements impacting delivery dates have occurred despite that the Company had received the initial payment in full for exactly the wholesale price of the first ninety-three HydraGEN™ Units. Since receiving this initial payment, the Company was advised and believed that issues causing delays were all to be resolved in short order but some issues remain outstanding as of this date.
The Company had been requested to ship a certain number of HydraGEN™ Units as stipulated in the Press Release, but the Company has now been obliged to delay the delivery of all but two such HydraGEN™ Units.
To date, the Company has only shipped such HydraGEN™ Units to Guyana because the Company has been awaiting from the Purchaser, through a representative, certain usual information regarding the specific electric voltage, engine information, On Board Diagnostic port types, and other data pertaining to the vehicles and equipment on which the HydraGEN™ Units of the Company are to be installed.
Such information is necessary for the final packaging and shipping of the HydraGEN™ Units. The Company is ready to ship such HydraGEN™ Units pending the above required information from the Purchaser or representatives.
The Company has also been advised by representatives that the two HydraGEN™ Units that were delivered are still awaiting clearing from Guyanese customs by an agent of the Purchaser. Issues regarding the transfer of payments from Guyana for the HydraGEN™ Units that were ordered are also pending.
Jim Payne, President & CEO of dynaCERT, stated:
The extraordinary global endorsement of dynaCERT allows the Company to engage with customers in new markets with the assurance that the Company’s HydraGEN™ Technology can make a significant contribution to the Sustainable Development Goals of the United Nations.
“As a Canadian company operating internationally, we have learned to unwearyingly respect the normal business challenges that global climate change sometimes entail. We readily continue to support the climate improvement goals of the nation of Guyana and look forward to welcoming all business professionals involved in our imperative quest for a better sustainable future for everyone, including those of all our existing clients and potential clients in Guyana, with no exceptions.”
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.
READ the latest news shaping the hydrogen market at Hydrogen Central
dynaCERT Provides Update on the Purchase Order for HydraGEN™ Units Destined for Guyan, Toronto, July 31, 2023
