#Cleantech & #ClimateChange #Podcast – dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) – Transforming Trucking Industry with Carbon Emission Reduction and Telematics Monitoring Software; @dynaCERT
Executive Vice President & Director of dynaCERT Inc. Shares how the
Company Capitalized on Closure during Covid-19 to Advance R&D and Upgrade its
Plant
Stocks Mentioned: Apple Inc. ($AAPL), PayPal Holdings, Inc. ($PYPL)
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https://www.investorideas.com/Audio/Podcasts/2020/080520-CleanTech.mp3
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Colin discusses how
dynaCERT took advantage of the four and half month closure during COVID-19 and
used that downtime to upgrade their plant and also ramp-up the Company’s
research and development.
When asked to
comment on the strength of the company’s balance sheet he noted, “Looking at
the number of companies that went into bankruptcy during Covid-19 and had to
either shut down or make dramatic changes to their business, we were blessed
with the ability to raise capital. We now have a very robust balance sheet of about
$18 million Canadian, which is more than we need in terms of cash given our
forecast.”
Colin also introduces Chris
Grossman, Chief Operations Officer of KarbonKleen, a dynaCERT “Preferred Service
Provider” operating in Canada and the US. KarbonKleen has the exclusive
rights to the entire US market.
Grossman shares
how the Hydraytica™ telematics data monitoring software can transform the
trucking industry and help it meet the expectations of fuel efficiency and
carbon emission reductions
When asked about the growing demand for
environmentally friendly technology from their customer base following the
pandemic, Grossman told Investor ideas, “They understand that they need to be
part of a global economic environment that is environmentally conscious. The ability to audit the process and be able
to describe the gains that they've made when it comes to carbon emissions becomes
critically important. So what the
telematics software does in addition to reporting on the more practical
elements that companies may be interested in, is to report on their efficiency, savings and co2
emissions.”
In closing, Investor Ideas asks Colin to comment on
an article that reported the telematics technology was
originally developed by the same group that developed security software for Apple
Pay (NASDAQ: AAPL) and PayPal (NASDAQ: PYPL)
Colin states, “When we decided to embark on
Hydraytica™ telematics, where drivers and fleet owners could see the results of
the improvement of our technology in a digital format on their cell phones or
computers in real time, we were also focusing on the fact that we also save the
atmosphere from carbon emissions. To give you a quick number on that, a long-haul
truck that goes from the east coast to the west coast of Canada or the United
States can create carbon credits worth approximately $3000 per year (Canadian
dollars) just by driving back and forth if they use our technology. So, we
realized that we could monetize these carbon credits if we got certification.
One of top two in the world is an organization called VERRA, in Washington
D.C.
Continued: “We knew when
we went to see them they would want to quantify how many carbon tons of carbon
are we saving. Our telematics software can provide a very accurate number on co2
. So we thought, that’s really good but how could that be audited when you have
thousands and thousands of trucks running around the world? How would one be
able to certify to VERRA that the trucks that use our technology have been able
to save that kind of carbon emissions around the world so that we would be
granted the ability to have lucrative carbon credit? And it made sense to go to the people who
developed the most secure kind of software.”
KarbonKleen is owned 20% by DISH - dynaCERT International Strategic Investment Holdings Inc.,
a wholly owned subsidiary of dynaCERT.
KarbonKleen provides an end-to-end FreighTech
solution to improve diesel efficiency and reduce carbon emissions. Through strong partnerships and innovative
technology development, coupled with proprietary service, support, and training
methodologies, KarbonKleen helps its clients achieve their primary business
goals through the application of technology. KarbonKleen is a Preferred Systems
Provider for dynaCERT and is dedicated to the proliferation of dynaCERT technology
for the benefit of its customers and the planet. Website: www.karbonkleen.com
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.
Previous Cleantech and Climate change podcasts
discussing dynaCERT Inc.
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