dynaCERT Receives Closing Verra Approval of its Carbon Credit score Methodology

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Revealed Oct 06, 2024 • Final up to date 4 hours in the past • 8 minute learn

TORONTO — dynaCERT Inc. (TSX: DYA) (OTC: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Firm”) could be very happy to announce that the Firm has acquired the ultimate Verra approval of its Carbon Credit score Methodology.

This Verra-approved methodology marks a big milestone in dynaCERT’s ongoing enterprise evolution, because it underscores the impression of the Firm’s HydraGEN™ Expertise, which is designed to cut back each gas consumption and carbon emissions in a variety of sizes of Inside Combustion Engines (“ICE”). dynaCERT’s revolutionary product line serves an in depth vary of ICE functions, together with sectors equivalent to transportation, mining, building, oil & fuel and diesel mills.

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The Verra Methodology

On October 4, 2024, Verra revealed its Verified Carbon Normal (VCS) Methodology Revision VMR0004 Improved Effectivity of Fleet Autos, v2.0. See the lately revealed Methodology right here: Verra Methodology. See additionally the Verra Press Launch of October 4, 2024, entitled “Verra Publishes Revised Automobile Fleet Effectivity Methodology” right here: Verra Press Launch.

In line with Verra:

“This system was developed by dynaCERT (and others), based mostly on CDM methodology AMS-III.BC Emission Reductions By Improved Effectivity of Automobile Fleets, v3.0.

This system is relevant to venture actions that enhance the effectivity of auto fleets, together with transport autos and cellular equipment, leading to lowered greenhouse fuel emissions from gas and electrical energy consumption.

This revision introduces the choice to observe particular person autos utilizing telematics techniques, which offer steady monitoring of odometer readings, gas consumption, and operational time. This knowledge is recorded in a centralized database, streamlining venture monitoring.

Moreover, the methodology has been up to date to raised align with net-zero transition objectives by setting a closing date for the inclusion of recent fossil gas autos and guaranteeing compatibility with nationwide and regional net-zero transition plans and decarbonization methods.

It additionally incorporates a conservativeness deduction based mostly on uncertainty evaluation and enhances the additionality demonstration procedures by together with the funding evaluation choice, requiring a standard follow evaluation, and excluding the frequent follow barrier.

This system is a revision to AMS-III.BC.: Emission reductions by way of improved effectivity of auto fleets (exterior) and is globally relevant to venture actions that enhance the effectivity of auto fleets and cellular equipment (e.g., fleets of vans, buses, automobiles, taxis or motorized tricycles, excavators, cranes), leading to lowered gas utilization and greenhouse fuel (GHG) emissions.”

Recurring Advantages for dynaCERT Shoppers

This pivotal approval by Verra opens the door for a lot of shoppers of dynaCERT to earn a multi-year recurring stream of beneficial Carbon Credit through the use of the Firm’s HydraGEN™ Expertise. dynaCERT plans to share equally the Carbon Credit score advantages registered beneath Verra with customers of HydraGEN™ Expertise.

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Quantification of GHG Reductions

Along with offering a monetary incentive derived from the sale of Carbon Credit, customers deploying HydraGEN™ Expertise will now have the power to precisely quantify their GHG emissions reductions. This measurable impression is a key criterion for driving vital gross sales of HydraGEN™ Expertise to large-scale shoppers.

Measurement Objectivity

A novel function of the Methodology developed by dynaCERT is the exact, goal measurement of discount of GHG emissions. dynaCERT’s HydraLytica™ Telematics eliminates human intervention and derives all its knowledge from the Inside Combustion Engine’s ECU. This degree of accuracy is predicted to boost the market worth of dynaCERT’s Carbon Credit, as uncertainties and assumptions that always have an effect on the valuation of competing Carbon Credit may be prevented.

World Significance

This represents a significant breakthrough for dynaCERT. Additionally, as dynaCERT’s HydraGEN™ Expertise is designed to operate on thousands and thousands of engines world-wide, dynaCERT is now positioned to suggest some great benefits of Verra Carbon Credit on a world scale, increasing the attain and impression of the Firm’s emissions-reduction options.

Dr. James Tansey, a director of dynaCERT and the CEO and a Director of Carbon Achieved Proper Developments (TSX:V KLX), a public firm centered on the event of carbon credit which thus far has developed a portfolio of over 43,000,000 tonnes of carbon credit, acknowledged, “The Verra Methodology is especially suited to profit shoppers of dynaCERT that want to cut back their carbon footprint utilizing the Firm’s HydraGEN™ Expertise. As well as, dynaCERT’s HydraLytica™ Telematics is predicted to be very properly acquired in Carbon Credit score markets.”

Jean-Pierre Colin, Government Vice President & Director and CFO of dynaCERT, acknowledged, “The entry of dynaCERT into the multidimensional world of Carbon Credit marks a massively essential catalyst in our Firm’s historical past. A brand new pathway has opened up which has potential to develop to develop into exponentially vital. The extra HydraGEN™ Expertise Items that dynaCERT distributes all through the globe, the extra customers of the expertise can apply for Carbon Credit. By dynaCERT and Verra’s Methodology, many customers of ICE engines all through the world utilizing dynaCERT’s HydraGEN™ Expertise now have the chance to develop into validated contributors to the worldwide effort to cut back GHG emissions.”

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Jim Payne, Chairman and CEO of dynaCERT, acknowledged, “On behalf of your complete board of dynaCERT, I congratulate and thank our crew of Carbon Credit score specialists, our consultants and our contributors that made this Verra step a risk. We additionally sincerely thank all of the professionals at Verra who labored diligently to deliver this Methodology to fruition. Lots of our prospects that attempt to enhance their sustainability picture have indicated that they like autos geared up with our expertise. To any extent further our shoppers can capitalize on the advantages of HydraGEN™ Expertise by producing future streams of Carbon Credit. Verra Carbon Credit have the potential to profit our shoppers in addition to our sellers and all our stakeholders, as they align with our company objectives. I sit up for discussing our developments and aims with our shoppers and sellers within the following weeks.”

About VERRA

VERRA was based in 2005 by environmental and enterprise leaders who noticed the necessity for higher high quality assurance in voluntary carbon markets. The group now serves as a secretariat for CDM, VCS, JI, VIVO, Gold Normal organizations to develop the assorted requirements and varied packages they handle, in addition to an incubator of recent concepts that may generate significant environmental and social values of scale. Headquarters are in Washington, DC, and with employees working remotely in varied components of the world. VERRA is a registered 501(c)(3) not-for-profit group within the USA.

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Discount Expertise together with its proprietary HydraLytica™ Telematics, a way of monitoring gas consumption and calculating GHG emissions financial savings designed for the monitoring of doable future Carbon Credit to be used with inner combustion engines. As a part of the rising world hydrogen financial system, our patented expertise creates hydrogen and oxygen on-demand by way of a singular electrolysis system and provides these gases by way of the air consumption to boost combustion, which has proven to decrease carbon emissions and enhance gas effectivity. Our expertise is designed to be used with many sorts and sizes of diesel engines utilized in on-road autos, reefer trailers, off-road building, energy technology, mining and forestry tools. Web site: www.dynaCERT.com.

READER ADVISORY

This press launch of dynaCERT Inc. incorporates statements that represent “forward-looking statements”. Such forward-looking statements contain identified and unknown dangers, uncertainties and different components which will trigger dynaCERT’s precise outcomes, efficiency or achievements, or developments within the business to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Particularly, data regarding Verra, the Verra Methodology and Carbon Credit can’t be independently verified. There may be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. Precise outcomes could fluctuate from the forward-looking data on this information launch on account of sure materials threat components. This information launch is just not meant for distribution to U.S. information companies or for dissemination in the USA.

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Apart from statements of historic truth, this information launch incorporates sure “forward-looking data” inside the that means of relevant securities regulation. Ahead-looking data is continuously characterised by phrases equivalent to “plan”, “count on”, “venture”, “intend”, “imagine”, “anticipate”, “estimate” and different comparable phrases, or statements that sure occasions or situations “could” or “will” happen. Though we imagine that the expectations mirrored within the forward-looking data are affordable, there may be no assurance that such expectations will show to be appropriate. We can’t assure future outcomes, efficiency of achievements. Consequently, there is no such thing as a illustration that the precise outcomes achieved would be the similar, in complete or partly, as these set out within the forward-looking data.

Ahead-looking data relies on the opinions and estimates of administration on the date the statements are made and are topic to a wide range of dangers and uncertainties and different components that might trigger precise occasions or outcomes to vary materially from these anticipated within the forward-looking data. A few of the dangers and different components that might trigger the outcomes to vary materially from these expressed within the forward-looking data embrace, however are usually not restricted to: uncertainty as as to if our methods and enterprise plans will yield the anticipated advantages; availability and value of capital; the power to determine and develop and obtain business success for brand spanking new merchandise and applied sciences; the extent of expenditures vital to take care of and enhance the standard of services and products; adjustments in expertise and adjustments in legal guidelines and laws; the uncertainty of the rising hydrogen financial system; together with the hydrogen financial system transferring at a tempo not anticipated; our capacity to safe and keep strategic relationships and distribution agreements; and the opposite threat components disclosed beneath our profile on SEDAR at www.sedar.com. Readers are cautioned that this checklist of threat components shouldn’t be construed as exhaustive.

The forward-looking data contained on this information launch is expressly certified by this cautionary assertion. We undertake no responsibility to replace any of the forward-looking data to adapt such data 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 data.

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

On Behalf of the Board

Murray James Payne, CEO