RE:New Press Release - dynaCERT and Cipher Neutron Applaud the Canadian Clean Technology Tax Incentives of Budget 2023Another BS press release from dynaCERT.....
"
Jean-Pierre Colin, Executive Vice President & Director of dynaCERT, stated, “It is important to note that the jointly developed AEM Green Hydrogen Electrolysers of Cipher Neutron & dynaCERT are initially targeted to be designed and assembled in Canada at dynaCERT’s manufacturing facilities in Toronto" Ok J.P. Colin...... if the AEM Green Hydrogen was JOINTLY DEVELOPED what does dynaCERT have to show for it today?
Clearly to make that claim dynaCERT has at the very least contributed financially to its development BUT....
Cypher owns 100% of the AEM IP
dynaCERT owns 0% of Cypher
dynaCERT needs to come up with $5 million to hand over to Cypher to get 25%
dynaCERT needs a total of $17 million to reach 50% ownership.
dynaCERT has no exclusivity or other rights to commercializing the AEM tech for any market (at least none that has been disclosed)
In other words dynaCERT has nothing..... EXCEPT the obligation to raise and deliver $17 milion if they want to own up to 50% of Cypher Neutron.
Meanwhile back at the ranch.....dynaCERT's recent filings indicate
- close to $100 million in losses
- is out of cash
- another huge inventory write down
- No IP of any value whatsoever.....as it all relies on OTR success
- No Carbon Credits (VERRA still unable to certify)
- Now Reliant on 3rd party technology for hydraGEN products.
Glad to see Colin made the press release. I am sure that warrants keeping him on the payroll.