10:42 AM EDT, 05/11/2020 (MT Newswires) -- dynaCERT Inc. (DYA.V), which manufactures and distributes carbon emission reduction technology, at last look shot up 25% after staying steady on Friday, following an announcement of its plans to increase market penetration in the US.

dynaCert has granted the exclusive dealership rights in the U.S. trucking industry to its preferred service provider KarbonKleen Inc. until Dec. 31, 2024. In turn, KarbonKleen on Saturday provided the company with a purchase order for 3,000 HydraGEN Technology Units.

The company also granted exclusivity to KarbonKleen subject to a quota of at least 150,000 HydraGEN Technology Units over more than three years. KarbonKleen also entered into a strategic partnership with technology deployment services provider Velociti Inc. whereby Velociti will provide installation services in the U.S and provide HydraGEN Technology Units to Velociti's clients.

In addition, dynaCERT has formed a 100% owned subsidiary, dynaCERT International Strategic Holdings Inc., or DISH. The subsidiary will support sales efforts worldwide, with investments in CleanTech innovators related to dynaCERT's business, including a subscription program of HydraGEN Technology. DISH will invest US$1.1 million in KarbonKleen in a deal that would result in dynaCERT owning, indirectly through DISH, 20% of KarbonKleen and a promissory note from KarbonKleen due Dec. 31, 2021. The note bears interest of 10% per annum. The investment is expected to accelerate its market penetration and sales in the U.S. market.

The transactions are all subject to regulatory approval, including approval from the TSX Venture Exchange. The pre-existing rights and dealer relationships that dynaCERT has in the U.S. also continue unrestricted for the time being.

Price: 0.75, Change: +0.15, Percent Change: +25.00