16. December 2019 | 13:53 CET
Ballard Power, NEL ASA, dynaCERT - one of the largest logisticians increases share
The hydrogen retrofit company dynaCERT announced in a news release that one of the largest European automotive logistics companies, Mosolf SE & CO. AG, supports the market launch of HydraGEN (TM) devices with concrete measures. In addition, CEO Dr. Jörg Mosolf has increased his private stake in dynaCERT to 4 million shares to 1.2% of all outstanding shares and thus follows the Canadian billionaire Eric Sprott, who holds about 10% of the retrofit company.
time to read: 1 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.
Focus on the Bundeswehr and Ministries
According to today's announcement, the entrepreneur Dr. Mosolf has already started negotiations with the German Ministry of Transport and also the Ministry of Economics is one of the discussion partners for a nationwide introduction of the HydraGEN technology from dynaCERT. The Bundeswehr is also the focus of sales support for the German logistics expert. Mosolf employs more than 2,800 people and has a network of 38 technical centres. With HydraGEN technology from dynaCERT, diesel engines can save up to 19% fuel and at the same time significantly reduce pollutant emissions.
Cooperation with Grimaldi Group shipping company
From January 2020, dynaCERT's HydraGEN technology will be presented in more than a dozen European cities in Mosolf's showrooms. According to Mosolf, the logistics company has already initiated cooperation with the Grimaldi Group, one of the largest European shipping companies. The aim is to install the company's hydrogen technology on short-haul vessels in the Mediterranean.
Reduction of environmental impact
Dr Jörg Mosolf said: "Mosolf is committing operating capital in the future of dynaCERT’s HydraGEN Technology because it is vitally important to reducing pollution in Europe. At Mosolf, we want to lead the way in many countries and with many governments at all levels of government to reducing harmful emissions by transport vehicles. This commitment is our newest priority going forward in 2020. We intend to continue to invest in this technology for many years to come."
GBC Research raised price target
The dynaCERT shares can increase in Germany to EUR 0.378 and this corresponds to an increase of 9.88% or EUR 0.034 compared to the previous day. The share price of the hydrogen company NEL ASA also rose by 1.56% to EUR 0.779 at the beginning of the week. Ballard Power shows a share price increase of 3.09% to EUR 5.81 at Tradegate. dynaCERT, with a market value of EUR 127 million, is still a lightweight compared to Ballard Power with EUR 1.3 billion and NEL ASA with EUR 927 million. In their study last week, the analysts of GBC Research raised their price target for the dynaCERT shares from CAD 1.90 to CAD 2.00 for 2020.