Investorideas.com talks to Jim Payne, President & CEO and Jean-Pierre Colin, Executive Vice President & Director of cleantech company dynaCERT Inc. (TSX: DYA.TO) (OTCQX: DYFSF) (FRA: DMJ). They discuss the milestones achieved in 2020 that set the stage for success in 2021 and beyond for their "Global Solution to Reduce Pollution."
Jean-Pierre Colin, Executive Vice President & Director talked to Investor Ideas about the accomplishments and milestones achieved by dynaCERT Inc. in 2020 saying, "We spent 16 years and over $60 million to develop the hydrogen technology with a line of products that reduces pollution and reduces fuel costs in all diesel engines. Globally, there's an estimated one billion diesel engines around the world and transportation, logistics generators, construction equipment, mining, marine locomotives. So we have a huge market and 2020 was the combination of those 16 years that came before."
Continued: "We're proud to say that we've achieved many milestones in 2020. First of all, financial growth; the best in the company's history. At the close of the year, we're closing 2020 with $20 million in cash, a very strong balance sheet. In 2019, we had $4 million in assets and in 2020 we have over $20 million in assets."
Continued: "We listed on the Toronto Stock Exchange in July to better access sources of capital and offer more rigorous corporate governance to our shareholders in Canada. We also listed on the OTCQX best market in the United States in June 2020."
Continued: "We also brokered a three times oversubscribed institutional underwritten financing in July 2020 which assured independent due diligence by Canada's top securities dealers. And as importantly, in that financing we added 20 new institutional shareholders. They became shareholders of dynaCERT for the first time."
Continued: "In 2020 we created a wholly owned subsidiary of dynaCERT called dynaCERT International Strategic Holdings, or DISH to facilitate sales and expand the financing options for our clients, the early adopters of our hydrogen technology. One of our dealers in Canada and the US has already started drawing down on that program and we now offer it to our 45 other dealers around the world as a monthly subscription program."
Continued: "Also in 2020 we took advantage of the widely applied imposed Pandemic Covid-19 shutdown. During the shutdown we added and expanded. We added professionals and we added and expanded our research and development department. But as importantly, we set up a semi- automated assembly line with an estimated annual capacity of 72,000 units. That would mean a capacity for sales of almost $445 million per year and operating income of over $200 million per year."
Discussing their corporate decision to stay the course with their global mission to provide a global solution to reduce pollution he said, "I think great decisions come from knowledge, intelligence and dedication, and decisions come from the leaders who have access to all the information of the battlefield. Those who are aligned with our goals and all of our sincere shareholders want us to stay the course."
Jim Payne, President and CEO discussed how the company integrated longevity into the corporate strategy noting. "This is a global solution to reduce pollution that works now. This is technology that we're not thinking we can do, or hoping we can do; it's done. It's proven worldwide. Along with that, you look at all the patents that we've got. Just last week I was talking to an analyst and he was saying, "You know Jim, that one worldwide pattern you've got on the means and methods of monitoring and monetizing carbon credits with an internal combustion engine, that's a trillion dollars in itself."
Continued: "We also firmly believe that with the 16 years of experience and the engineering, research and development. it puts in the perfect vision to take advantage of the hydrogen economy. I have believed for a long time that the hydrogen economy was huge and it appears that the world is just now waking up to that reality again. The technology we have today is a bridge to that hydrogen economy that we're going to continue to expand and grow because it has now gained worldwide recognition within the hydrogen field."
In closing he said, "My mission has always been to create a win-win situation. First of all, I'm a grandfather of nine grandchildren, so I am so thrilled to be able to be part of something that I believe is going to make such a significant difference to leave this world in a better place."
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology 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, resulting in lower carbon emissions and greater 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, marine vessels and railroad locomotives.
Podcast host: Dawn Van Zant, founder of Investorideas.com
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change , Exploring Mining the AI Eye .
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology 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, resulting in lower carbon emissions and greater 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, marine vessels and railroad locomotives. Website: www.dynaCERT.com.
For more information, please contact:
+1 (416) 766-9691 x 1
Except for statements of historical fact, this podcast may contain 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 video may include, but is not limited to completion of the Offering, satisfaction of TSX listing conditions and regulatory approvals. 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 of 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. Viewers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this podcast 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. Viewers are cautioned not to place undue reliance on forward-looking information.