TORONTO, ON--(Business Wire – June 13, 2023). (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) dynaCERT Inc.
("dynaCERT" or the "Company"), Cipher Neutron Inc. (“Cipher Neutron”) and Ionomr Innovations Inc.
(“Ionomr”) are pleased to jointly announce that Cipher Neutron has entered into a significant
Collaboration Agreement (the “Collaboration”) with Ionomr.
Megawatt-Class Hydrogen Projects
The purpose of the Collaboration is to further develop competitively priced solutions for Green Hydrogen
required in Megawatt-class projects that both Cipher Neutron and Ionomr are currently considering as
clients. Many of these multi-Megawatt Green Hydrogen projects that have been announced throughout
the world command the innovative Anion Exchange Membrane (“AEM”) Electrolyzers such as those of
Cipher Neutron and the ground-breaking membranes manufactured by Ionomr.
Smaller AEM Electrolyzers are not expected by dynaCERT, Cipher Neutron and Ionomr to provide the cost
advantages as those of the proposed 250-Kilowatt AEM Electrolyzers that Cipher Neutron and Ionomr are
developing under the Collaboration.
Collaboration
Under the Collaboration, Ionomr and Cipher Neutron will bring innovative electrolyzer membrane
technology together with advanced AEM Electrolyzer Technology to create the first North American-made
250-Kilowatt AEM Hydrogen Electrolyzer, and the only 100% made in Canada solution on the market. The
electrolyzer will commercially produce affordable hydrogen gas in high volumes for governments and
industries that strive to reduce pollution and Greenhouse Gas Emissions.
Proprietary Technology
Ionomr will retain its proprietary rights in its membrane and ionomer technologies while Cipher Neutron
and dynaCERT will retain their equal rights in their AEM Electrolyzer Technology under the
dynaCERT/Cipher Neutron Collaboration Agreement of February 2023. (See Press Release dated February
22, 2023).
High Volume Green Hydrogen Cost-Effective Solutions
The Anion Exchange Membrane Electrolysis Technology developed by Cipher Neutron (“AEMEL”) is the
latest technology that produces affordable high-pressure and high-volume Green Hydrogen gas. AEMEL
is considered as the best solution for many existing Green Hydrogen projects announced globally. Cipher
Neutron has been working on AEM electrolysis for the last 3 years and is the world’s second company to
commercialize AEM Electrolyzers and the first in North America and outside of Europe. Cipher Neutron
and dynaCERT recently unveiled the world’s first commercial 10-Kilowatt AEM Hydrogen Electrolyzer at
the Canadian Hydrogen Convention.
Ionomr
Ionomr develops and markets revolutionary ion-exchange membrane and polymer solutions for clean
technology applications including fuel cells and hydrogen production, for Cipher Neutron’s innovative
AEM Electrolyzers among others.
Ionomr’s revolutionary membrane materials now enable product developers and integrators, such as
Cipher Neutron, to optimize their product performance, improve durability, eliminate toxic components,
increase recyclability, and accelerate cost reduction activities. Ionomer’s R&D and manufacturing facilities
are based in Vancouver, British Columbia and Rochester, New York, both recognized hubs for hydrogen
and fuel cell research and development
Bill Haberlin, CEO of Ionomr, stated, “This collaboration with Cipher Neutron, a world leader in advanced
AEM Electrolyzers for Green Hydrogen, provides an opportunity to pair our innovative membrane
technologies with leading technology and manufacturing capabilities for rapid deployment and
demonstration for a Green Hydrogen world. At Ionomr, we are revolutionizing membrane technologies
and collaborating with the best technologies from around the globe.”
Gurjant Randhawa, President & CEO of Cipher Neutron, stated, “Ionomr and its advanced electrolyzer
membrane technologies provide an opportunity to collaborate and develop better and more efficient
PFAS-free (free of polyfluoroalkyl substances) and PGM-free (free of Platinum Group Metals) AEM
Electrolyzers for a sustainable Green Hydrogen world. Along with our advances in AEM Electrolyzers,
which are designed to provide an efficient and affordable source of Green Hydrogen, we constantly strive,
at Cipher Neutron, to continually research the best technologies and game-changing ideas from around
the globe.”
Jim Payne, President & CEO of dynaCERT stated, “The Cipher Neutron Collaboration with Ionomr confirms
our rapid advancement in the global Hydrogen Economy. By creating North America’s first 250-Kilowatt
AEM Hydrogen Electrolyzer with CN, dynaCERT is joining with two great Canadian companies that operate
internationally and are world leaders in the electrolyzer and electrolyzer membrane industries. A 250-
Kilowatt AEM Hydrogen Electrolyzer enables us to be involved in some of the world’s largest infrastructure
projects. dynaCERT congratulates both Cipher Neutron and Ionomr and will continue to support their
ambitious endeavours.”
About Cipher Neutron Inc.
Cipher Neutron is a rapidly growing disruptive technology company focused on AEM Electrolyzers 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 Electrolyzers 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: https://cipherneutron.com
About Ionomr Innovations Inc.
Ionomr Innovations is revolutionizing electrochemistry with newly developed ion-exchange membranes
and polymers for clean energy. Ionomr's Pemion® and Aemion® technologies provide cost, performance
and sustainability advantages for fuel cells, hydrogen production and carbon capture, use and conversion.
Ionomr was founded in 2018 and employs 46 professionals in Vancouver, Canada and Rochester, New
York. www.ionomr.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 Ionomr Innovations Inc. and
its membrane technologies cannot be independently verified and information relating to Cipher Neutron Inc. and its
AEM electrolyzer technologies 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
For more information, please contact:
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
Cipher Neutron Inc.
Gurjant Randhawa, CEO & President
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
grandhawa@cipherneutron.com
Ionomr Innovations Inc.
Media Contact:
Madelaine Duke
(604) 367-7711
mduke@dukepr.com
Ionomr Innovations Inc.
Business Contact:
Andrew Belletti
(604) 628-6098
belletti@ionomr.com