dynaCERT Inc. (TSX: DYA) (OTCMKTS: 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.
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 of dynaCERT Inc. Murray James
Payne, CEO
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240611052645/en/
dynaCERT Inc. Jim Payne, CEO & President #101 – 501 Alliance
Avenue Toronto, Ontario M6N 2J1 +1 (416) 766-9691 x 2
jpayne@dynaCERT.com
dynaCERT Inc. Nancy Massicotte Investor Relations +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 (TSX:DYA)
過去 株価チャート
から 11 2024 まで 12 2024
DynaCERT (TSX:DYA)
過去 株価チャート
から 12 2023 まで 12 2024
