Breaking #Cleantech #Stock News: Verra
Publishes dynaCERT's (TSX: $DYA.TO) (OTCQX: $DYFSF) (FRA: DMJ) Carbon Credit
Methodology; @dynaCERT
TORONTO - October 18, 2021 (Investorideas.com Newswire) dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that the executive management of Verra, which manages the world's largest greenhouse gas program, the Verified Carbon Standard, has announced to dynaCERT that it's Methodology in respect of its Carbon Credit Certification has reached a new important stage.
Read this news, featuring DYA in
full at https://www.investorideas.com/CO/DYA/news/2021/10181Carbon-Credit-Methodology.asp
As part of its normal required process of
certification, Verra has advanced dynaCERT's Carbon Credit Methodology to its
Global Public Comment Stage in order to meet Verra's Verified Carbon Standard.
The Methodology for Improved Efficiency of Fleet Vehicles and Combustion
Engines can be viewed and downloaded here: https://verra.org/methodology/methodology-for-improved-efficiency-of-fleet-vehicles-and-combustion-engines/
Verra indicates the following: "This Methodology
applies to project activities that improve efficiency of vehicle fleets and
mobile machinery (e.g. fleets of trucks, buses, cars, taxis or motorized
tricycles, excavators, cranes), resulting in reduced fuel usage and GHG
emissions. This Methodology is globally applicable. The Methodology is based on
the CDM methodology AMS-III.BC. Emission reductions through improved efficiency
of vehicle fleets and approved VCS Methodology Revision VMR0004 that included
mobile machinery."
Once finalized by Verra, the Methodology will pave the
way for dynaCERT's patented HydraGEN™ Technology and HydraLytica™ Telematics to
be deployed for the certification of Carbon Credits on a global basis.
Hydrogen Economy Leaders Collaborating with Verra
dynaCERT's management is fully committed to
maintaining a Canadian leadership role in the new Hydrogen Economy while
collaborating significantly with other top-ranked clean industry leaders, such
as Verra, to further supplement and broaden the benefits of the Company's
clean-technology line of products currently available to the global market.
United Nations Clean Development Mechanism
The previously announced concept note accepted by
Verra is unique because no such similar methodology is in use globally for
mobile transportation vehicles. See the Company's Press Release dated January
25, 2021. After discussion and thorough research, Verra accepted the concept
note designed to create dynaCERT's new Transportation Verified Carbon Standard
(VCS) Methodology under Verra's VCS Program using the proposed revisions by
dynaCERT and the Clean Development Mechanism of the United Nations enacted by
the United Nations' "Framework Convention on Climate Change, regarding
emission reductions through improved efficiency of vehicle fleets", i.e.,
AMS-III.B.C.
Monika Wojcik of Environmental Partners of the UK,
dynaCERT's consultant on Carbon Credits stated, "The approval of the new
methodology could play an important role for the voluntary carbon market to
scale up from $300 million valued now to over $50 billion to meet the demand
for carbon neutrality in the near future. In the unrepresented transportation
industry in the carbon market, dynaCERT's HydraGEN™ units' adoption is a
milestone in the CO2 reductions with upcoming support of the carbon
monetization available to dynaCERT clients."
Jim Payne, CEO of dynaCERT, stated, "Voluntary
Carbon Credits have grown exponentially in the last 5 years. The Voluntary
Carbon Credit Market continues to grow rapidly and is expected to evolve as a
very significant global investment opportunity, just as Cryptocurrency and
FinTech have rapidly changed the world of modern investments and currency
exchange. Verra is one such organization at the cornerstone of Voluntary Carbon
Credits operating in the Carbon Credit certification market and it is by far
one of the largest such organizations with a roster of over 1,700 Carbon Credit
Projects world-wide. dynaCERT thanks Verra for all its continued support."
About Verra
Verra is a global leader helping to tackle the world's
most intractable environmental and social challenges by developing and managing
standards that help the private sector, countries, and civil society achieve
ambitious sustainable development and climate action goals. Verra's global
standards and frameworks serve as linchpins for channeling finance towards
high-impact activities that tackle some of the most pressing environmental
issues of our day. Website: www.verra.org
The VCS Program of Verra
The VCS Program is the world's most widely used
voluntary GHG program. The VCS Program provides a pathway for carbon projects
to achieve certification through a third-party audit process. Successful
certification can result in the generation of a VCU (Verified Carbon Unit).
Since its launch in 2006, the VCS Program has grown into the world's largest
voluntary GHG program. Projects certified under the VCS Program include dozens
of technologies and measures which result in GHG emission reductions and
removals, including forest and wetland conservation and restoration,
agricultural land management, transport efficiency improvements, and many
others. Over 1,600 certified VCS Program projects have collectively reduced or
removed more than 550 million tonnes of carbon and other GHG emissions from the
atmosphere, the equivalent of more than 120 million passenger vehicles being
taken off the road for one year.
Methodology of the United Nations
More information about the methodology of the United
Nations for reductions of emissions of vehicles under the AMS-III.B.C. may be
found here:
https://cdm.unfccc.int/methodologies/DB/13LQNV5A5EKORXUG3607N7ROBX6J6K
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.
READER ADVISORY
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. In particular,
forward-looking information in this press release includes, 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. 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.
Neither the Toronto Stock Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the Toronto Stock
Exchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
Contacts
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com
dynaCERT Inc. (TSX:DYA.TO) (DYFSF)
is a featured Renewable Energy / Fuel Cell stock on Investorideas.com
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