DynaCERT Secures a Compelling Financing Alternative for its HydraGEN™ Technology from KarbonKleen Inc.
GlobeNewswire•July 25, 2019
TORONTO, July 25, 2019 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX VENTURE: DYA) (DYFSF) (DMJ.F) ("dynaCERT" or the "Company") is pleased to announce that it has secured a compelling financing alternative for dealers of its HydraGEN™ Technology (on-demand hydrogen injection system) whereby their clients will be able to subscribe for the Company’s HG145 line of products on a monthly payment basis.
KarbonKleen Inc., based in Canada with offices also in the USA (“KarbonKleen”), has indicated that it shall offer to dynaCERT’s Dealers a financing alternative under specified terms and conditions. Under the KarbonKleen Subscription Reseller Program, KarbonKleen has agreed to offer to all registered dynaCERT Dealers the opportunity to sell HydraGEN™ Technology through KarbonKleen’s new guaranteed pay-per-month program.
Customers who contract through their Dealer for a minimum 2-year term subscription of HydraGEN™ Technology are eligible for the KarbonKleen money-back guarantee if their registered trucks drive at least 5000 miles (8,047 kilometres) per month, which is measured by dynaCERT’s new telemetry system, HydraLytica™. If dynaCERT’s HydraGEN™ Technology doesn’t save such client more than its subscription price, KarbonKleen indicates that it will refund the subscription cost, thereby offering users risk-free “Guaranteed Results”.
Subscription programs have historically been used in technology sales to drive benefits for dealers, customers, and OEM’s. KarbonKleen has created the TaaS or “technology as a service” model which has been derived from the historically successful SaaS model, “software as a service” to originate the KarbonKleen Subscription Reseller Program.
The KarbonKleen Subscription Reseller Program is believed by both dynaCERT and KarbonKleen to offer numerous added financial benefits to customers. For potential users of the HydraGEN™ Technology, the KarbonKleen Subscription Reseller Program provides a lower financial barrier to entry, eliminates assets to manage, offers monthly reporting on system performance, and, if eligible, a money-back guarantee by KarbonKleen if the fuel savings don’t exceed the subscription payments during the first two years.
dynaCERT’s Dealers world-wide can maintain their margins not just in the first year after installation of HydraGEN™ units but also thereafter for every subsequent year that the units are under the subscription programme. This new financial feature offered through Dealers is aimed directly at increasing sales and increasing market penetration and client adoption.
For dynaCERT, the KarbonKleen Subscription Reseller Program increases client awareness of the benefits and performance of the HydraGEN™ Technology without compromising existing payment terms offered by the Company.
Chris Grossman, Chief Operations Officer of KarbonKleen stated, “At KarbonKleen, our goal is to shorten decision times for the purchases of HydraGEN™ Technology by eliminating most of the the risk for the end user with our money-back guarantee as well as shortening the return on investment or payback to less than six months for large long-distance trucking customers.”
Brian Semkiw, CEO of KarbonKleen stated, “Although KarbonKleen is a new private company, the capital necessary for the implementation of KarbonKleen Subscription Reseller Program is now in place. Our principals and shareholders have the breadth and relationships to fund the program adequately into the projected future. We look forward to extending our Preferred System’s Provider relationship with the dynaCERT team by extending this new offering.”
Jim Payne, President & CEO of dynaCERT stated, “The opportunity of users of dynaCERT’s HydraGEN™ Technology to avail themselves of monthly payments which can be offset by fuel savings is a huge benefit to our clients and Dealers. The most difficult impediment for the trucking industry can sometimes be the capital costs involved, and by our close association with KarbonKleen, we have overcome this obstacle very elegantly.”
