11. May 2020 | 12:38 CET
Ballard Power, dynaCERT, NEL - Major order boosts share price
In recent months, investors have focused on the shares of companies in the hydrogen sector. In addition to manufacturers of fuel cells and equipment for the production, storage and sale of the energy carrier, suppliers offering retrofit solutions were also in demand. Mobility is changing and the need for a clean environment is increasing. The use of different promising technologies depends on a number of factors. But there are already scalable solutions for now and today.
time to read: 2 minutes by Mario Hose
"[...] We are committed to stay as the number one Canadian and global leader in the Hydrogen-On-Demand diesel technology [...]" Jim Payne, CEO, dynaCERT Inc.
Solutions for a clean environment
The companies Ballard Power and NEL ASA are among the billion-dollar companies in the hydrogen scene. With their fuel cells and solutions for building an infrastructure they are part of the eco-system. However, the successful implementation of a hydrogen strategy requires time and investments.
dynaCERT has developed a hydrogen technology that helps diesel engines save up to 19% fuel and reduce NOx emissions by up to 88% with relatively little effort now. In addition, a reduction of up to 55% in particulate matter and up to 9% in CO2 emissions has been measured.
Major order attracts interest
dynaCERT announced this morning a large order for the delivery of 3,000 units of the HydraGEN (TM) model. The company has so far refrained from publishing wholesale prices, but assuming that a HydraGEN unit of this model would cost approximately CAD 5,000.00, the order would have an estimated sales volume of CAD 15 million.
In the future, the cooperation with the sales partner KarbonKleen will be expanded. A further cooperation with Velociti should support sales. The share price has already reacted and was able to increase by 12% to EUR 0.449 on Tradegate. In February 2020, the share was briefly traded at over EUR 0.90.
Considerable potential for fleets
Brian Semkiw, CEO of KarbonKleen, said: "In the past few months, some of the largest fleets in North America have been piloting HydraGEN (TM) Technology. These fleets have been experiencing the benefits of the reduced emissions, increased performance and fuel savings across all users and we expect a vibrant expansion of the pilot programmes to full fleet deployment with the subsiding of the Coronavirus pandemic. (...)“
Cooperation with partners bears fruit
Jim Payne, CEO of dynaCERT, describes the potential and importance of the collaboration: "KarbonKleen has proved their capability of connecting and selling to the largest fleets in North America. At our recent international sales meetings in February 2020, dynaCERT invited Velociti to present their unique skills and penetrating reach in the trucking industry in the USA and we were very proud to introduce them to partner with KarbonKleen.
Our three-party collaboration results in an unprecedented strategic growth business engine with favourable potential in our own backyard. I feel confident that dynaCERT has found the right solution to deliver both financing and service to our dealer’s clients with such a professional team of high calibre people. In addition to our on-going work to verify future Carbon Credits, residual monthly cash flows from subscriptions benefits our shareholders."