Skip to content

New Canadian engine technology saves fuel, cuts pollution emissions

Ron Walter looks at HyrdaGen carbon emissions reductions technology from dynaCert Inc.
BizWorld_withRonWalter
Bizworld by Ron Walter

Transportation on land, air and sea accounts for 30 per cent of air pollution in North America, an issue being tackled by a small Canadian company, among others.

dynaCert Inc. of Toronto has lost over $45 million in 13 years developing the HyrdaGen carbon emissions reductions technology. 

The technology uses electrolysis to produce hydrogen and oxygen from water. These two gases are injected into the vehicle’s air intake manifold, reducing emissions and increasing fuel efficiency.

Company claims, supported by independent tests, show up to 88 per cent reduction of nitrous oxide emissions, up to 51 per cent reduction in carbon monoxide, and over 65 per cent reduction in particulate matter.

Add to these reductions between six per cent and 19 per cent savings in fuel costs.

Combined fuel savings of .072 cents per kilometre will pay for the $7,800 unit in nine months, according to dynaCert.

The world isn’t beating on company doors with purchase orders. At year end the company had orders for 700 units representing $5.4 million sales. Sales for the nine months ended September 30 were $66,000 compared with $246,000 in the previous year.  

To be fair, dynaCert is in that no-man’s land between proof of product efficiency and commercial sales.

India has indicated interest in the technology for buses. Austria has similar interest. The European Union, taking emissions reduction more seriously than Canada, has a target of reducing greenhouse gas emissions 85 per cent by 2050.

To that end, dynaCert has an office in Hamburg, Germany and located dealers in numerous countries.

The company is in the process of attending various global trade shows to promote the HyrdaGen technology. Along with this promotion, dynaCert has a process to apply for carbon credit benefits from the reduced greenhouse gas emissions.

An apparent corporate restructuring is occurring with recent announcement of several new advisory board members and a new chief financial officer.

Recently dynaCert’s treasury had a $5 million injection from a share offering at 25 cents a share, hopefully providing enough cash for the year’s operations.

The puzzling question for potential investors and HyrdaGen buyers, is: will the company be around in five years, given the $45 million losses since 2014?

Unless dnyaCert can develop a market with positive cash flow within the next 24 months the company will likely end up on that growing scrap heap of innovators with great ideas but insufficient capital to see them to commercialization.

Without profits, dnyaCert is most likely to wind up owned by a foreign company with the jobs transferred out of Canada. A similar Canadian startup with promising solar energy storage technology that ran out of money was acquired by a Chinese company and moved to Asia.

The HyrdaGen technology makes interesting reading for investors but with shares trading at 16 cents and 291 million shares outstanding this company is far from even a good speculation, let alone an investment.

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

push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks