TORONTO, April 01, 2025--(BUSINESS WIRE)--dynaCERT Inc. (TSX: DYA) (OTC: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") applauds the recently announced changes of March 31, 2025, proposed for the Ontario Government Hydrogen Innovation Fund (the "HIF") regarding the launch of a new and increased budget of $30 million with eligibility broadened to include broader sector applications.
Foreseeable Future Economic Benefit:
The announcement of the expansion of the HIF by the Ontario Government was made at dynaCERT’s headquarters in Toronto, Ontario.
The HIF, and its corresponding proposals for hydrogen expansion in Ontario, were acclaimed by Jim Payne, Chairman, CEO & Director, dynaCERT; Hon. Sam Oosterhoff, Associate Minister of Energy-Intensive Industries; MPP Mohamed Firin, York South-Weston; Matthew Morrish, Committee Chair, Hydrogen Ontario; IESO Representative Chuck Farmer, Vice President, Planning, Conservation and Resource Adequacy (IESO); among many other dignitaries.
Accordingly, dynaCERT welcomes the HIF Incentives as lasting strong evidence of an obvious, clear, irrefutable and unequivocal "foreseeable future economic benefit" for all Canadians and to such Canadian participants such as dynaCERT.
Successful Consultative Meetings:
dynaCERT and their principals have been meeting for more than six (6) years with cabinet ministers, elected politicians, as well as senior officials within the government to advance, and assist with, the implementation of clean technology legislation and grants, loans and tax deferrals and tax credits. In so doing, dynaCERT has had face-to-face meetings, conversations and correspondence with the Ontario Government to help bring clean technology to fruition.
Through executives Jim Payne, Chairman & CEO, and Jean-Pierre Colin, Executive Vice President & CFO, dynaCERT participated in the Hydrogen Strategy Working Group advising the Ontario government which led to the release of its Low-Carbon Hydrogen Strategy in April 2022, outlining the opportunity to draw on Ontario’s clean energy advantage and establish a leadership position in the supply, distribution, storage and use of clean hydrogen.
dynaCERT continues to support the government’s openness in a consultative process on the design details of supporting the hydrogen economy and see consultative measures as a rational and important step to continue to expand the HIF.
Hon. Sam Oosterhoff, Associate Minister of Energy-Intensive Industries, stated, "Ontario companies like dynaCERT are leading the way — exporting homegrown hydrogen technologies around the world and driving industrial growth here at home. This investment builds on our Hydrogen Strategy and the first round of the Hydrogen Innovation Fund, supporting a growing sector that’s creating good-paying jobs and building Ontario’s energy economy for the future."
Mohamed Firin, Ontario MPP for York South–Weston, stated, "York South-Weston is home to innovative businesses like dynaCERT that are driving Ontario’s clean energy future. This investment will help create good-paying jobs, grow local manufacturing, and strengthen Ontario’s position as a leader in hydrogen innovation."
Maike Althaus, Executive Director, Hydrogen Ontario, stated, "We thank the Ontario government—and especially Minister Oosterhoff—for the ongoing support of Ontario’s growing hydrogen sector. Hydrogen is more than a clean fuel; it can be a game-changer for building independent local supply chains and creating high-quality jobs across Ontario. From hydrogen-powered vehicles and electrolysers to remote power generation and critical applications in mining, refining, steel, and cement— let’s seize Ontario’s hydrogen opportunity to strengthen our manufacturing sector and power key industries to drive a cleaner, more competitive future."
Jim Payne, Chairman and CEO of dynaCERT, stated, "dynaCERT applauds the Ontario government for expanding its Hydrogen Innovation Fund and recognizing the critical role hydrogen can play in transforming industries in Ontario and around the world. This kind of targeted support would help companies like dynaCERT scale innovation, grow domestic manufacturing, and create good-paying jobs. By backing hydrogen, the Ontario government is not only supporting clean energy solutions but also making an initial step to advance Ontario as a global leader in the next generation of industrial technology. We, at dynaCERT, are proud to be part of this momentum."
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.
READER ADVISORY
This press release of dynaCERT Inc. contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause dynaCERT’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. In particular, information relating to the Hydrogen Innovation Fund, the Ontario Government and its elected representatives and companies, organizations and individuals providing quotes cannot be independently verified. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Actual results may vary from the forward-looking information in this news release due to certain material risk factors.
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. 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. 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.
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