When it comes to air pollution, China usually jumps right to mind. In reality, though, India is worse. In fact, utilizing measurements from 2016, a recent report from the World Health Organization showed 11 of the top 12 cities in the world with the highest levels of particulate pollution are in India, led by Kanpur, with its high level of PM2.5. dynaCERT (TSX-V: DYA)(OTCQB: DYFSF) thinks it can help with India’s pollution problem and help the country hit goals as part of the Paris Accord with its carbon emission reduction technologies (CERT).
And now the Toronto-based company is going to get its chance.
dynaCERT reported on Thursday that, subsequent to a successful pilot program, an order has been received for 114 of its HG145 units, the company’s flagship CERT product for use with internal combustion engines. At a retail list price of $7,800, the order has a retail value of approximately $900,000, but no wholesale value was disclosed.
Starting August 15, 2018, a 12-month rollout period will begin for the HG145 units in India.
dynaCERT has also inked a non-exclusive dealer agreement with Solutions 4 Pollution Private Limited, or S4P for short, a newly-formed company focused on bringing dynaCERT’s HydraGEN™ technology to India’s bus market. Presently, there are more than 500,000 diesel-powered buses in India’s inner cities. The company claims that employing its HydraGEN technology will reduce emissions and save on fuel costs for the buses owners and operators.
Management added that it continues to gain traction with its technology domestically and internationally. Its Canadian sales network was been expanded with new dealers in Red Deer and Fort McMurray in Alberta and Vaughan, Ontario, bring the total number of dealers and agents to 25 globally.
Details weren’t provided, but the company said that over the past week it has received "multiple purchase orders" from North American dealers to deliver HG145 units destined for North American Free Trade Agreement countries and the Brazilian truck markets.
Shares of DYA had lost about 42% in 2018 through Wednesday’s close at 28 cents. As of 1 p.m. in Toronto, the stock had rallied 10.7% to 31 cents each.
