TORONTO, ON --(Marketwired - December 09, 2016) - dyna CERT Inc. (
The dyna CERT HydraGen™ product users will be able to access this information through a portal fully owned, controlled and managed by dyna CERT.
The $300,000 fee for the Nektar Data System's fleet management package will be paid as follows:
- $150,000 due immediately:
- $75,000 in cash; and
- $75,000 in shares (at an ascribed price of $0.57 per share, resulting in the issuance of 131,578 common shares); and
- $150,000 balance after the project is completed based upon:
- $75,000 in shares upon successful launch of the project (with pricing to be based upon market price at such time); and
- $75,000 in shares 30 days after the project is launched (with pricing also to be based upon market price at such time)
Issuance of the aforementioned shares is subject to approval by the TSX Venture Exchange. Such shares will, upon issuance, be subject to a statutory four-month hold period in accordance with applicable securities laws.
David Bridge, COO of dyna CERT, states, "This is a huge step forward from a technology standpoint. Upon completion of launch, it is expected that this technology will enable end users to have a system in place that allows the customer to view and assess performance in real time, as well as realize the true benefits of the HydraGen™ and Smart ECU product."
About Nektar Data Systems: Nektar Data Inc. is a unique, intuitive data and asset management platform that utilizes the latest mobile and cloud technologies and tools to track, map, assess, archive, trend and report any data for any asset type in the transportation, construction, utility and service industries. Website: www.nektardata.com .
The Nektar Data Systems platform is developed with easy-to-use native mobile and web interface processes that provide the solutions to managing assets and related tasks within any industry. Nektar seeks to give consumers the ability to utilize and manage their field collected data and create a decision support system that is custom tailored to their industry and their business process. Nektar provides real time business intelligence for any fleet, municipal or utility operation worldwide.
About dyna CERT Inc. dyna CERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. Our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these additives through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is currently in use with on-road applications. Website: www.dynaCERT.com .
READER ADVISORY Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to: future performance and expectations regarding the proposed fleet management system, real time tracking, etc.; future payments and share issuances pursuant to the Company's agreement with Nektar and the approximate timing thereof. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; 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 and changes in laws and regulations; 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; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com . Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
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.
On Behalf of the Board
Murray James Payne, CEO
For more information, please contact: Jim Payne CEO & President dyna CERT Inc. #101 - 501 Alliance Avenue Toronto, Ontario M6N 2J1 (416) 766-9691 x 2 jpayne@dynaCERT.com Investor Relations dyna CERT Inc. Nancy Massicotte (416) 766-9691 x 1 ir@dynaCERT.com
