Business

dynaCERT Offers Updates on Its Strategic Alliance With Mosolf Group

October 16, 2021

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TORONTO — dynaCERT Inc. (TSX VENTURE:DYA) (OTCQX:DYFSF) (FRA:DMJ) (“ dynaCERT ” or the “Firm”) declares that its strategic alliance with Mosolf SE & Co. AG (“Mosolf”), first introduced by the Firm in a information launch dated October 16, 2019 (and commented upon in its subsequent Administration Dialogue & Evaluation in 2020 Q1 and Q2), has been terminated. Although discussions pertaining to this strategic alliance continued all through 2021, the Firm has just lately acknowledged the termination of the strategic alliance from Mosolf. The Firm’s strategic alliance with Mosolf initially included a purchase order order for 1,000 HydraGEN™ items, a dealership settlement for Germany and an understanding to barter in direction of a three way partnership for the passenger automobile after-market in Europe. Although the Firm loved a optimistic relationship with the Mosolf group and its principals, the goals of the preliminary association haven’t materialized, as solely 48 items out of the 1,000 items below the foregoing buy order have been delivered. As with a number of different orders acquired by the Firm in late 2019 and early 2020, the COVID-19 pandemic had a major impression on this relationship, each when it comes to entry to the potential markets and shoppers of Mosolf, and when it comes to the Firm’s limitations on manufacturing (and availability of inputs) all through the lockdowns imposed by the Authorities of Ontario all through 2020 and into 2021. On the similar time, the materiality of this dealership declined in 2020 as a result of the general variety of sellers elevated considerably (with dynaCERT now having over 45 sellers globally, seven (7) of that are positioned and function in Europe), and due to the growing relative significance of the Firm’s relationship with its different sellers and brokers that function in a number of centres globally. These European dealership preparations are entered into between the Firm’s European subsidiary, dynaCERT GmbH Inc. (which operates out of Germany, with a complete of 5 (5) devoted workers) and canopy numerous European international locations, together with Germany, Austria, Netherlands and Benelux, Italy, Portugal, Latvia and the Baltics, the UK and Eire.

The Firm notes that the disclosures on this press launch are supplied to adjust to a request by Employees of the Ontario Securities Fee following a steady disclosure evaluate.

About dynaCERT Inc.

dyna CERT Inc. manufactures and distributes Carbon Emission Discount Expertise to be used with inner combustion engines. As a part of the rising international hydrogen financial system, our patented expertise creates hydrogen and oxygen on-demand via a singular electrolysis system and provides these gases via the air consumption to boost combustion, leading to decrease carbon emissions and better gas effectivity. Our expertise is designed to be used with many varieties and sizes of diesel engines utilized in on-road autos, refrigerated trailers, off-road building, energy technology, mining and forestry gear, marine vessels and railroad locomotives. Web site: www.dynaCERT.com .

READER ADVISORY

Aside from statements of historic reality, this information launch incorporates sure “forward-looking info” throughout the that means of relevant securities regulation. Ahead-looking info is ceaselessly characterised by phrases corresponding to “plan”, “count on”, “challenge”, “intend”, “consider”, “anticipate”, “estimate” and different comparable phrases, or statements that sure occasions or circumstances “might” or “will” happen. Though we consider that the expectations mirrored within the forward-looking info are affordable, there could be no assurance that such expectations will show to be right. We can not assure future outcomes, efficiency of achievements. Consequently, there isn’t any illustration that the precise outcomes achieved would be the similar, in complete or partly, as these set out within the forward-looking info.

Ahead-looking info is predicated on the opinions and estimates of administration on the date the statements are made, and are topic to quite a lot of dangers and uncertainties and different elements that might trigger precise occasions or outcomes to vary materially from these anticipated within the forward-looking info. Among the dangers and different elements that might trigger the outcomes to vary materially from these expressed within the forward-looking info embrace, however are usually not restricted to: uncertainty as as to whether our methods and enterprise plans will yield the anticipated advantages; availability and price of capital; the power to determine and develop and obtain industrial success for brand new merchandise and applied sciences; the extent of expenditures vital to take care of and enhance the standard of services; adjustments in expertise and adjustments in legal guidelines and rules; the uncertainty of the rising hydrogen financial system; together with the hydrogen financial system shifting at a tempo not anticipated; our potential to safe and keep strategic relationships and distribution agreements; and the opposite threat elements disclosed below our profile on SEDAR at www.sedar.com. Readers are cautioned that this checklist of threat elements shouldn’t be construed as exhaustive.

The forward-looking info contained on this information launch is expressly certified by this cautionary assertion. We undertake no responsibility to replace any of the forward-looking info to adapt such info to precise outcomes or to adjustments in our expectations besides as in any other case required by relevant securities laws. Readers are cautioned to not place undue reliance on forward-looking info.

Neither The Toronto Inventory Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of The Toronto Inventory Trade) accepts accountability for the adequacy or accuracy of the discharge.

On Behalf of the Board

Murray James Payne, CEO

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