dynaCERT Inc (TSX:DYA) is a Canadian pioneer in hydrogen technology specializing in retrofitting combustion engines. Their HydraGEN device helps diesel engines in long distance trucks as well as in mining and oil and gas industries reduce their fuel consumption. Lyndsay Malchuk from Stockhouse Publishing recently chatted with Bernd Krüper, President of dynaCERT
Lyndsay: Welcome Bernd, Can you tell us the latest update?
Bernd: We used the last months at dynaCERT Inc. to define, further develop and streamline our strategy.
Additionally, we are preparing to make dynaCERT ready to come from the position of a startup to a grown-up industrial company. One with clear and defined processes.
So we are prepared for the transition from a few test installations to bigger series. From here we are ready to manufacture and to sell and distribute bigger volumes.
Lyndsay: And you’ve also just recently released some news that dynaCERT received a $5 million equity financing. This must put the company in a very strong financial position then.
Bernd: Of course you are right. We are happy to have this funding. Itaccelerates the implementation of our defined strategic measures.
Be it the external market working closer with additional sales force and partnering with more distributors, OEMs and operators worldwide, or in the internal processes.
Might it be from R&D and product development up to serial assembly processes and further software and data management.
We are further developing our HydraGEN technology, our proven hardware as well as HydraLytica, our telematics software.
Additionally we are developing additional sales force as mentioned and worldwide active service and installation forces.
There are a lot of opportunities, and a lot of measures defined, and they will be implemented.
That helps with the money income and the funding for the benefit of the company. It also for our shareholders and of course the customers.
Lyndsay: What’s next then Bernd? What can investors expect from dynaCERT in the coming quarters?
Bernd: We have defined a lot of measures and have a lot of opportunities, also in different geographies and different applications. As mentioned, dynaCERT was awarded the VERRA certificate. This is a very important step in the history of our company and of course for the future.
We are defining at the moment the process of generating the individual carbon credits for the individual usage and the individual operator.
The company wants to grow the business. To do that we want to turn the requests and the first approaches from additional leads into turnover and turn that into additional volume.
By creating our targeting for an increasing share price, it would be to the benefit of dynaCERT, and the investors and the shareholders of the company.
With that we would do a lot of good things for the environment.
You can find dynaCERT on the TSX under the ticker symbol DYA and their website is dynacert.com.
Company shares last traded at $0.155
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