Helping to reduce greenhouse gas emissions on diesel engines has been the aim of Toronto-based dynaCERT Inc. since starting up in 2014.
The company is on the cusp of commercializing its patented HydraGen technology to reduce diesel greenhouse gas emissions and reduce fuel consumption.
The technology operates by pumping oxygen and hydrogen into the engine before the power stroke, thus reducing fuel consumption with a cleaner faster burn and cutting emissions.
Costing less than $9,000, the suitcase-sized unit is supposed to pay for itself in less than one year from fuel savings.
Independent tests have confirmed the fuel reductions and reduced greenhouse gas emissions.
These tests show fuel consumption is reduced between six per cent and 29 per cent.
Nitrous oxide emissions fall up to 88 per cent; carbon dioxide falls between six per cent and 29 per cent; carbon monoxide falls up to 47 per cent; and particulates fall up to 57 per cent.
Reduced emissions are almost twice what the company reported in 2014 tests.
The four flagship products cover diesel engines from one litre to 100 litres (60 cubic inches to 6,100 cubic inches) and target everything from trucks to trains, marine transport and mining.
The world market consists of one billion operating diesel engines adding 100,000 every year.
Last year the company added 25 dealers with networks in Canada, Europe, India, North Africa and an exclusive dealer in the United States.
A feather in dynaCERT’s cap this year is an agreement with Detroit-based Martin Technologies to design the HydraGen units for original equipment manufacturers. Privately-owned Martin engineers, builds and tests parts and equipment for the global internal combustion engine industry.
This deal may open the door to the 100,000 new engine market.
The City of Woodstock, Ontario is trying the technology to reduce fuel use and greenhouse gas emissions.
The company is building 56 units in a Mexican deal with potential for one million trucks and buses.
On the long road to commercialization, dynaCert has lost nearly $74 million with $16 million cash on hand.
Sales for the nine months ended September 30 were only $370,000.
Company shares are listed in Canada, Germany and the U.S. over-the-counter market. One lone German analyst following the company has a buy rating.
The performance of this technology has been tested and proven on a variety of different engines and machine settings. Now comes the hard part of the business plan — convincing diesel engine owners and builders to install the units.
The company hopes the technology takes off like trailer skirts on long haul trucks. The skirts save one per cent on fuel consumption and cost $3,000. In nine years since introduction the skirts are attached to 90 per cent of long haul trucks.
dynaCERT, priced at 74 cents, remains a high risk stock with mighty high rewards potential if the product takes off.
CAUTION: Remember when investing, consult your adviser and do your homework before buying any security. Bizworld does not recommend investments.
Ron Walter can be reached at ronjoy@sasktel.net
The views and opinions expressed in this article are those of the author, and do not necessarily reflect the position of this publication.
