Breaking Cleantech Stock News: dynaCERT (TSX: $DYA.TO)
(OTCQX: $DYFSF) Acquires a 15% Ownership of Cipher Neutron; @dynaCERT
TORONTO, ON - June 11, 2024 (Investorideas.com Newswire) dynaCERT Inc. (TSX: DYA) (OTCQX:
DYFSF) (FRA: DMJ)
("dynaCERT" or the "Company") is pleased to announce an
initial acquisition totalling fifteen percent (15%) of Cipher Neutron Inc.
("Cipher Neutron" or "CN").
dynaCERT has agreed to receive
7,178,000 Units of equity of Cipher Neutron, each Unit consisting of one (1)
Class A Share in the capital of Cipher Neutron and one half (1/2) of a Class A
Share Purchase Warrant. This acquisition totals 7,178,000 Class A Shares in the
capital of the Cipher Neutron and 3,589,000 Class A Share Purchase Warrants,
representing fifteen percent (15%) of the common shares of Cipher Neutron on an
undiluted basis and over twenty percent (20%) of Cipher Neutron on a fully
diluted basis.
This acquisition marks dynaCERT's
initial equity participation in Cipher Neutron and paves the way for the
potential acquisition of additional shares through further investments such as
the exercise of Class A Share Purchase Warrants.
As consideration for dynaCERT's
subscription of equity in Cipher Neutron, the collaboration agreement dated
February 17, 2023 and the amendment thereto dated June 28, 2023 between Cipher
Neutron and dynaCERT have been terminated by mutual consent of all parties and
options under this agreement have been cancelled.
This
news is paid advertisement/ news disseminated on behalf of/issued on behalf of
dynaCERT Inc.
Read
this news, featuring DYA in full at https://www.investorideas.com/news/2024/06111DYA-Acquires-Ownership-of-Cipher-Neutron.asp
Cipher Neutron's Industry Leadership
Cipher Neutron is a leader in the AEM
(Anion Exchange Membrane) electrolysis business, known by industry participants
for its cutting-edge technology and remarkable innovation in the sector. Over
the past years, Cipher Neutron has achieved significant milestones, including
the successful shipment of one of the world's largest AEM electrolyser single
stacks. Additionally, CN is on track to develop a 250 kW AEM electrolyser stack,
which will be the largest in the world.
Furthermore, Cipher Neutron has
secured undiluted funding from prestigious government organizations such as the
Independent Electricity System Operator (IESO) and Alberta Innovates. This
substantial government support underscores the immeasurable potential of Cipher
Neutron's groundbreaking technology. With upcoming projects ranging from small
Megawatt scale to hundreds of Megawatts, Cipher Neutron has positioned itself
as an exceptional investment opportunity.
Cipher Neutron's AEM technology is PFAS-free (free of
harmful chemicals) and does not require Platinum Group metals to manufacture,
ensuring it is both environmentally friendly and cost-effective. Cipher
Neutron's scalable and highly efficient AEM electrolysis system offers lower
CAPEX and OPEX, making it one of the most sustainable and affordable
electrolysers for producing Green Hydrogen.
The
Green Hydrogen Market
The Green Hydrogen market has
been projected to exceed $500 billion by 2030, driven by a global push towards
sustainable energy solutions and the decarbonization of industries. As major
global economies increasingly invest in green hydrogen, recognizing its
potential to reduce greenhouse gas emissions and provide a reliable, renewable
energy source, the timing of dynaCERT's strategic equity acquisition is
opportune.
By acquiring equity in Cipher
Neutron, dynaCERT significantly strengthens its strategic position while adding
considerable value potential to its shareholders. This equity acquisition aligns
seamlessly with dynaCERT's vision of leveraging high-potential growth
businesses to enhance shareholder value. dynaCERT has always believed in the
transformative potential of Green Hydrogen, and this equity acquisition
represents a prime opportunity to diversify the Company's portfolio and support
innovative technologies that contribute to a greener future.
This strategic move reaffirms dynaCERT's unwavering
commitment to expanding its footprint in innovative and high-growth sectors,
providing dynaCERT's shareholders with promising new opportunities, and
reinforcing the Company's market position through valuable equity investments.
Jean-Pierre Colin, Executive Vice
President, CFO & Corporate Secretary & Director of dynaCERT and
Director & Corporate Secretary of Cipher Neutron, stated, "I
congratulate both Cipher Neutron and dynaCERT for reaching this mutually
beneficial agreement after years of friendly negotiations. As well, for
dynaCERT shareholders, the benefit of equity ownership in Cipher Neutron is now
unequivocably established; it sets up dynaCERT to benefit from the cherished
upside potential of Cipher Neutron and removes any uncertainty regarding
dynaCERT's ownership participation in Cipher Neutron."
Gurjant Randhawa, President and
CEO of Cipher Neutron, stated, "Cipher Neutron is pleased to welcome
dynaCERT as a new shareholder and appreciates their support of our innovative
AEM Electrolyser technology. As a global leader in Green Hydrogen
Electrolysers, we have always enjoyed a strong working relationship with
dynaCERT and commend them for their continued commitment. By aligning with
Cipher Neutron that offers cutting-edge innovation and sustainable technology,
we believe this equity participation by dynaCERT can provide the prospect of
significant potential and the unusual exposure to a market that offers
considerable rapid growth."
Jim Payne, Chairman and CEO of dynaCERT, stated,
"Our stated mission of being a global leader in the New Hydrogen Economy
is significantly advanced by our strategic equity participation in a rapidly
expanding enterprise like Cipher Neutron. dynaCERT's ownership stake in Cipher
Neutron, an AEM electrolyser leader, offers a promising opportunity in North
American public markets and provides the unique exposure in the global growth
of green hydrogen. This substantial equity interest in Cipher Neutron positions
dynaCERT with the advantages to leverage this growth asset and enhance
corporate value, designed for the benefit of all our shareholders."
About
Cipher Neutron Inc.
Cipher Neutron is a rapidly
growing disruptive technology company focused on AEM Electrolysers for Green
Hydrogen production and Reversible Fuel Cells for power generation and Energy
Storage Solutions. Cipher Neutron is a global group of scientists, engineers,
technology developers, experts in hydrogen technology, investment bankers and
people that have worked in hydrogen for decades. Cipher Neutron's innovative
products, such as AEM Electrolysers and Reversible Fuel Cells have unique
advantages over other Green Hydrogen production, power generation and energy
storage solutions currently available in the global market. Please see: www.cipherneutron.com.
About
dynaCERT Inc.
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
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, information relating to Cipher
Neutron Inc., AEM Electrolysers, the green hydrogen markets and dynaCERT Inc.’s
investment in Cipher Neutron Inc. and its potential cannot be independently
verified. 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
For more information:
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
Gurjant
Randhawa, CEO & President
Cipher Neutron Inc.
101 - 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (647) 803-0002
grandhawa@cipherneutron.com
dynaCERT
Inc. (TSX:DYA.TO) (DYFSF) is a featured Renewable Energy / Fuel Cell stock on
Investorideas.com
Disclaimer/Disclosure: Investorideas.com is a digital publisher of
third party sourced news, articles and equity research as well as creates
original content, including video, interviews and articles. Original content
created by investorideas is protected by copyright laws other than syndication
rights. Our site does not make recommendations for purchases or sale of stocks,
services or products. Nothing on our sites should be construed as an offer or
solicitation to buy or sell products or securities. All investing involves risk
and possible losses. This site is currently compensated for news publication
and distribution, social media and marketing, content creation and more.
contact management and IR of each company directly regarding specific
questions. Disclosure. DYA is a monthly featured cleantech stock on
Investorideas.com effective March 1, 2024 for 6 months. (equivalent of 3500
month in stock) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release
and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to
regulations of each country. Please read Investorideas.com privacy
policy: https://www.investorideas.com/About/Private_Policy.asp
Get
more Renewable
Energy Stock news, articles, podcasts and Stock
Directories
Posts
No comments:
Post a Comment