dynaCERT Inc. (TSX-V: DYA) ("dynaCERT" or the "Corporation") announces that Dr. Elliot Strashin and Dr. Richard Lu have been appointed to its Board of Directors, while Mr. Jay Freeman has resigned as a director. Mr. Freeman will continue to provide services to the Corporation as a member of the Business Advisory Committee. The board of directors wishes to express its most sincere thanks to Jay Freeman for his exemplary service and tremendous contributions to dynaCERT and extends its warmest welcome to Dr. Strashin and Dr. Lu.
Dr. Elliot Strashin brings with him a wealth of experience across a number of industries. His involvement with public mining companies began with Maple Minerals Inc. from 1996 - 2001, where he served as a director. In April of 1999 he joined the board of Canadian Golden Dragon Resources Ltd. as Corporate Secretary and became President and CEO in January of 2000. He continues to serve Dragon under its new name, Trillium North Minerals Ltd., as CEO and President. Dr. Strashin is also CEO and President of Strashin and Sons Limited, a private real estate development company that specializes in LEED1 certified, green building. dynaCERT's plant and offices are located in one of these buildings. In keeping with his green focus, Dr. Strashin has also involved himself in green technologies as a co-founder of Ellsin Environmental Ltd., which has built a prototype tire recycling plant in Sault Saint Marie and is a wholly-owned subsidiary of Environmental Waste International Inc. He is also a 50% shareholder and Chief Financial Officer of Puma Hydrocarbons Inc. ("Puma"), a company whose purpose is to promote and generate sales for green technologies, including dynaCERT products.
Dr. Richard Lu brings to dynaCERT extensive expertise in renewable energy, CDM (Conservation and Demand Management) and sustainable development. Dr. Lu has more than 25 years of global experience developing and implementing business strategies for organizations in North America, Europe and Asia. He is currently an independent consultant in the renewable energy and energy efficiency industry. Dr. Lu previously held the position of Chief Conservation Officer and Vice President of Toronto Hydro Corporation, where he developed and executed a sweeping portfolio ($110 million) of Conservation, Demand Management and Distributed Energy programs and was instrumental in creating an energy conservation culture in Ontario. He has also held senior positions with Enbridge Gas Distribution, Husky Injection Molding Systems Ltd., and Dillon Consulting. Dr. Lu holds an MBA and a Master of Health Science degree from the University of Toronto, in addition to a Master of Science degree and a Doctorate of Medicine degree from Tongji Medical University. He is also a graduate of the Darden Executive Education Program of the University of Virginia. Dr. Lu is also a 50% shareholder and Chief Executive Officer of Puma.
It should be noted that the Corporation has also entered into an Agency/Consulting Agreement with Puma, pursuant to which Puma has been appointed as one of dynaCERT's non-exclusive agents to represent the HydraGen(TM) technology to its customer base. The foregoing agreement is for a term of three (3) years (renewable for an additional three (3) years thereafter) and appoints Puma as a non-exclusive selling agent of dynaCERT, which enables Puma to represent dynaCERT's products, purchase wholesale products, obtain volume discounts, etc. The Agency/Consulting Agreement is non-exclusive, however Puma may identify named customers from time to time, in respect of which it shall have exclusive negotiating rights for a period of six months following acceptance by dynaCERT.
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. Our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these additives through the air intake to enhance combustion for the purpose of yielding lower carbon emissions and greater fuel efficiency. Our technology is currently in use with on-road applications and is in development for other applications, such as power generation. More information can be found at www.dynacert.com
Forward Looking Information
This release includes forward looking statements, which are based on certain assumptions and reflects management's current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; 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; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
For more information, please contact:
|Jonathon Shepherd, General Manager |Investor Relations |
|dyna CERT Inc. (416) 766-9691x605 |dyna CERT Inc. |
|[email protected] |(416) 766-9691 |
| |[email protected] |
1 LEED (Leadership in Energy and Environmental Design) green building rating system was originally developed by the US Green Building Council (USGBC) to provide a recognized standard for the construction industry to assess the environmental sustainability of building designs. Canadian Green Building Council (CaGBC) has since adapted the USGBC LEED rating system to the specific concerns and requirements of buildings in Canada.