Breaking #Cleantech #Stock News: dynaCERT
(TSX: $DYA.TO) (OTCQX: $DYFSF) (FRA: DMJ) Receives Progress Update from Verra;
@dynaCERT
TORONTO - December 8, 2021 (Investorideas.com Newswire) dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it has been notified of the recent progress update in dynaCERT’s application under Verra’s Verified Carbon Program (the "VCS Program").
Read this news, featuring DYA in full
at https://www.investorideas.com/CO/DYA/news/2021/12081Progress-Update-Verra.asp
VVB Audit:
Under the VCS Program, auditors known
as validation and verification bodies (VVBs) are tasked with assessing projects
against the VCS Program rules and the requirements of the applied methodology.
Following the recently announced
publication of dynaCERT's proposed methodology in respect of
its Carbon Credit certification (See Press Release dated October 18, 2021),
Verra has indicated to dynaCERT that the next step will be its
VVB audit. Verra is submitting a request for proposals to their list of
auditors this week.
Independent Auditing:
All VCS projects are subject to desk
and field audits by both qualified independent third parties and Verra staff to ensure that standards are met and methodologies
are properly applied.
VVBs are qualified, independent third
parties which are approved by VCS to perform validation and verification. This
independent assessment process is critical to ensuring the integrity of the
projects registered with the VCS Program.
Currently, more than twenty VVBs located across five
continents are approved under the VCS Program. VVBs are accredited to work in
specific sectoral scopes, meaning their expertise is geared directly toward the
types of projects they audit.
VVBs are eligible to provide validation and
verification services under the VCS Program if they have signed the required
agreement with VCS and are accredited by a VCS-recognized accreditation body.
The VCS Program:
The VCS Program is the world's most widely used voluntary
GHG program. Nearly 1,700 certified VCS projects have collectively reduced or
removed more than 630 million tonnes of carbon and other GHG emissions from the
atmosphere.
Jean-Pierre Colin, Executive Vice President &
Director of dynaCERT, stated, "In Canada
and worldwide, Carbon Credits and Carbon Offsets play a paramount role in
advancing a cleaner planet. dynaCERT's commitment to
working with Verra to achieve global Greenhouse Gas reductions aligns with the
stated objectives of the United Nations which were approved by over 160 Nations
globally in Article 6 of the Paris Agreement. Our GHG reduction initiatives
also support dynaCERT's target markets such
as mining, oil and gas, transportation, utilities, municipalities, sovereign
governments, construction, marine, rail, power generation, building, farming,
heavy equipment industries and many others."
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
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
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