RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Investors Beware - Do your homework Great post Simpliciti. I think I can answer many of these questions, or at least provide some insight.
#1,2,3 & 7: Yes, and/or sort of. From what I have seen, the product can deliver results but the issues seem to lay in the durability. End-users I spoke to as far back as 2017, informed me they were realizing benefits, fuel savings etc, but units were not surviving the harsh conditions during operation. This would seem to explain why we have seen countless examples of successful trials and test results but then no meaningful follow-up orders to date. This is what I was trying to get at in my previous posts, the technology continues to evolve and has improved significantly just since 2017.
Some examples include:
- the initial white polymer casings are now obsolete, replaced by more rugged cases
- water tank now integrated inside the unit
- upgraded reactor design
- upgraded/new heating and cooling systems
- upgraded vibration mount design
- redesigned HG2 and 4C & 6C units
Just to name a few...
I take comfort in the fact that some of the long-term trialers continue to work with dynaCERT despite years of challenges and trial and error (Loblaw, IFS etc) To me, this proves that companies understand the game-changing potential of this technology and are willing to invest their own resources into its development. (the afforementioned, plus OEMS including TES and, likely but can't confirm, major automakers - at least we know most major OEMS have had discussions with DYA, and now Mosolf/DYA joint venture pursuing passenger vehicle market)
#4. This was explained in press release: "dynaCERTis also pleased toreport that it has established a 100%-owned subsidiary called dynaCERTInternational Strategic Holdings Inc. (“DISH”) to be used to support sales efforts worldwide with investments in strategically unique and exceptional CleanTech innovators directly related to dynaCERT’s business, including asubscription programme of dynaCERT’s HydraGENTechnologyto enhance end-user adoption."
#5 & 6. I suspect the 20% was partly in exchange for granting KK exclusive dealer rights in the US. If not, I don't see why DYA would grant exclusive dealer rights without getting anything in return. The $1,092,000 and DYA involvement also reduces KK's risk and provides significant resources and working capital to their operation. (eg. Dya providing 3,000 units to accelerate user adoption)
"Where are we on the units sent to europe to be installed on those ships?"
- Answered in the previous MD&A, those shipments were delayed to due COVID.
Agree with you where we could use updates on underground mining and Middle East cranes (which had very successful 6-month field trial results) Although I suspect this relates back to my answer to 1,2,3,7 above, the unit used had the white polymer casing (now obsolete)
Takes times and money to create a game-changing technology. Not sure people truly understand the size and significance of this once-in-a-lifetime opportunity. While the technology continues to develop and evolve, DYA has been laying out the groundwork and platform capable of delivering to a global marketplace. As investors, we'll never know the true extent of their network of contacts and discussions. But we know they have had discussions with many major governments, most major NA fleets, most OEMs, some of the largest unions, many other large corps (cranes, power gen, heavy equip etc) This list goes on and on. I agree there has been a lot of BS and missteps, but I am very confident patience will eventually payoff beyond our wildest dreams. Rome wasn't built in a day, as they say.
Hope this helps. Cheers.