Mr. Jim Payne reports

DYNACERT'S PORTFOLIO COMPANY CIPHER NEUTRON LAUNCHES PROJECT WITH SIMON FRASER UNIVERSITY

DynaCERT Inc.'s portfolio company, Cipher Neutron Inc., has been awarded an advanced contract award notification (ACAN) to design and construct two 250-kilowatt electrolyzer stacks for Simon Fraser University (SFU).

This landmark project, slated to begin in Q4 2024, signifies a major step forward in green hydrogen innovation and its applications in academic and research settings. The project of Cipher Neutron and SFU is designed to propel forward-thinking research and innovation in sustainable energy solutions, leveraging Cipher Neutron's leading-edge AEM electrolyzer technology.

Clean hydrogen hub

Located at Simon Fraser University's Burnaby campus in Canada, the SFU clean hydrogen hub is a new core research facility that brings together industry, community, academia and government partners to advance the clean energy transition. The project involves the development and deployment of a state-of-the-art one-half-megawatt AEM electrolyzer, custom-designed to meet the rigorous research and operational needs of the university.

One goal of SFU's hydrogen hub is to build an anionic exchange membrane (AEM) water electrolyzer using novel fluorine-free polymer membranes developed by Ionomr Innovations Inc. This research initiative is aimed at derisking scalable, next-generation hydrogen production technology. AEM technology is anticipated to reduce green hydrogen production costs while maintaining high performance and stability. The project is intended to investigate and validate the AEM technology at the 250-kilowatt to one-megawatt scale, which is a critical design window that enables scaling cost advantages for green hydrogen production.

This initiative underscores Cipher Neutron's commitment to fostering sustainable technologies and supporting academic institutions. The high efficiency and robustness of electrolyzer stacks can be instrumental in SFU's continuing research into hydrogen production, storage and utilization. Cipher Neutron's proprietary AEM technology can provide significant advantages, ensuring high-purity hydrogen generation with superior energy efficiency.

Renewable energy research

The implementation of Cipher Neutron's AEM electrolyzer technology at Simon Fraser University is expected to have a significant impact in the field of renewable energy research. Together, SFU and Cipher Neutron intend to collaborate to explore advanced AEM electrolyzer technologies to enable scaling of low-cost green hydrogen production and foster innovation in the hydrogen sector.

Gurjant Randhawa, president and chief executive officer of Cipher Neutron, stated: "We are delighted to collaborate with Simon Fraser University on this transformative project. Winning the ACAN is a testament to our innovative capabilities and the trust placed in us by such a prestigious institution. This project not only aligns with our mission to advance green hydrogen solutions but also reinforces our role as leaders in the renewable energy sector."

Jim Payne, chairman and chief executive officer of DynaCERT, stated: "As a proud shareholder of Cipher Neutron, we are pleased to announce its groundbreaking project within a Canadian clean hydrogen hub. This 250 kW single-stack AEM electrolyzer project represents a significant initiative in green hydrogen technology. Cipher Neutron's cutting-edge AEM electrolyzers are positioned at the forefront of innovation, designed to offer unique efficiency and scalability. We support the substantial positive impact this project can have on the hydrogen economy and the overall sustainability of our energy systems."

The company also announces the grant of 9,065,250 options to purchase 9,065,250 common shares of the company effective today to its employees, consultants, directors and officers under its option plan which was approved by the shareholders of the company. The options have an exercise price of 20 cents per share and expire on July 12, 2029.

About DynaCERT Inc.

DynaCERT manufactures and distributes carbon emission reduction technology, along with its proprietary HydraLytica telematics, a means of monitoring fuel consumption and calculating GHG (greenhouse gas) emissions savings designed for the tracking of possible future carbon credits for use with internal combustion engines. As part of the growing global hydrogen economy, DynaCERT's patented technology creates hydrogen and oxygen on demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. DynaCERT's technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, and off-road construction, power generation, mining and forestry equipment.

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