Simply Green achieves remarkable success with HydraGEN™ sales
dynaCERT Inc. and Simply Green Distributors Inc. have experienced record growth in sales of its patented HydraGEN™ technology in Canada, marking a significant milestone in advancing sustainable energy solutions across multiple industries. For over two years, Simply Green has received more than 200 HydraGEN™ units from Toronto. These units are used by customers in the oil and gas industry and agriculture, demonstrating Simply Green's commitment to a greener future.
Following a highly successful pilot project, one of Canada's largest oil and gas drilling contractors, based in Alberta, purchased 170 of these HydraGEN™ units. 140 units are currently in use, reporting data through dynaCERT's proprietary HydraLytica™ system, which is a critical element in launching Verra carbon credit projects. The remaining units have recently been shipped for deployment. According to Simply Green, the drilling company is committed to further expanding the use of this technology.
Simply Green's conversion program, designed to help customers adopt hydrogen energy, has been extremely successful. Through customized advice and seamless integration strategies, Simply Green has enabled organizations to realize the full potential of dynaCERT's hydrogen technology and achieve their greenhouse gas (GHG) reduction targets by reducing their carbon footprint. Customers report significant improvements in operational efficiency, lower energy costs, and a competitive advantage in their respective markets while meeting today's ESG (environmental, social and governance) requirements.
Sales rollout from Germany
With the appointment of long-standing industry professional Bernd Krüper, dynaCERT is moving the development of its international sales organization to Germany. The new COO, Kevin Unrath, is responsible locally. The German subsidiary, dynaCERT GmbH, is located at Munich Airport. With the Bavarian metropolis, the Canadian company gains direct access to one of Europe's largest economic areas and the industrial belt within Germany. Strategically, this location is perfectly chosen to improve proximity to target customers and strengthen activities in the European market. The market presence will increase significantly, enabling further business opportunities to be developed through volume growth. The certification of the CO2-reducing technology is another aspect that enables dynaCERT to establish itself as a leading supplier in the industry.
Kevin Unrath explains the decision: "By relocating our office within Germany, we want to be closer to our target customers and partners. Munich is a major hub for many key German and European industries, including engines, commercial vehicles, construction, and industrial solutions. With the upcoming change of government in Berlin, dynaCERT GmbH expects new momentum for German sales as an industrial powerhouse in the heart of Europe. We look forward to being more accessible than ever in this region."
At the prestigious Prospectors & Developers Association of Canada Conference (PDAC), dynaCERT received significant interest from senior mining industry leaders and additional orders from the oil and gas sector. These positive responses reinforced dynaCERT's decision to expand production to better meet market demand. The current market rollout is well supported with a pre-production of 1,000 units. Customers who choose a dynaCERT solution in the coming weeks can expect immediate delivery. This shortens the usual "time-to-market" delays and enables quick access to cash-flow-effective revenues in the certificate market.
An important upcoming event for the construction industry and the heavy machinery sector is bauma in Munich, which will take place from April 7 to 13, 2025. dynaCERT will use this opportunity to showcase its products and services at an exclusive event for potential customers, new prospects, and partners of dynaCERT from government authorities, consulting firms, and logistics companies.
Where is the technology best used?
The greatest savings in fuel consumption – and thus also in the reduction of emissions – are achieved by the technology primarily in so-called "endurance runner" applications. These include long-haul trucks, mining trucks, oil and gas drives, and power generators. The technology is equally effective in the field of rail drives, ocean-going vessels, and river shipping. dynaCERT makes it possible to retrofit existing systems without the need for costly new purchases of vehicles or power generators. In this way, the Company also contributes to the environmental circonomy, in line with the principle of "upgrade instead of throw away".
The sales potential for the coming months is now clear. dynaCERT should now be able to invoice several orders based on the many preliminary discussions held in recent months. The Company had recently been particularly active in the mining sector. The fuel savings can already lead to full amortization of the entire investment in less than 12 months.
Conclusion: Analysts see potential of over 300%
In their current study, GBC analysts make initial revenue estimates for 2025 and 2026. Visibility has improved significantly as more and more systems are coming off the production line. High customer satisfaction has already led to follow-up orders. The Company will, therefore, soon have to increase its capacities. In their initial report, the experts predict a surge in sales with total revenues of CAD 12 to 21 million. So far, the Company has only invoiced test revenues with potential customers, but now the sale of HydraGEN™ units is in full swing. An exciting future lies ahead!
dynaCERT is now on the verge of a breakthrough! Investors should look to the opportunities offered by the sales rollout in the coming months because, with a well-rounded and certified product offering, the Company is now attending conferences worldwide. Based on a DCF model and key market assumptions, GBC experts rate dynaCERT shares at CAD 0.75 (approximately EUR 0.48) per share with a "Buy" rating and a 12-month target price, significantly higher than the current price of CAD 0.18. The upside potential is estimated at around 300%. This implies an acceleration in revenue, margin improvement, and strategic positioning within the rapidly growing cleantech and hydrogen economy. According to analysts, the stock also offers investors an attractive exposure to global environmental trends, tailwinds from regulation, and the growing market for carbon credits. In addition to a quadrupling of the share price, M&A activities are also conceivable at any time from the current level. After all, the hydraGEN™ technology offers a veritable solution for the major manufacturers in the field of transport and logistics.
Here is the link to the current GBC study:
“Scaling Clean Tech Opportunities” - Buy with target price of CAD 0.75
In addition, dynaCERT President & Director Bernd Krüper attended the PDAC conference in Toronto in March. In an Interview with Stockhouse he provides a deeper insight into the current positioning and the sales strategy for the coming months.
This update follows the initial report 11/2022
