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dynaCERT Announces Strategic Investment by Mosolf in Europe
TORONTO, Dec. 16, 2019 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that Mosolf SE & CO. AG (“MOSOLF”), a significant European dealer of dynaCERT (see dynaCERT's press release dated October 16, 2019), is making a strong and strategic financial commitment to the Company with the expansion of dealer operations across Germany and neighbouring European countries. As well, Dr. Joerg Mosolf, President and Chief Executive Officer of MOSOLF, has made an additional personal equity investment of $1 million.
Dr. Joerg Mosolf advises that MOSOLF has already hired twenty-three (23) new employees dedicated 100% full-time to the marketing, sales and installations of dynaCERT’s HydraGEN™ Technology in Germany, France, Benelux and Poland. As well, MOSOLF has dedicated a showroom in Germany to showcase professionally and exclusively dynaCERT’s HydraGEN™ Technology. Dr. Mosolf is personally dedicating his individual time on a daily basis to introducing dynaCERT’s HydraGEN™ Technology to Chief Executives of users and potential users in Europe as well as important government officials and OEM’s in Germany.
In addition and more specifically, MOSOLF, as a dealer of dynaCERT, has indicated formally to the Company that it is currently setting up the following:
In Germany: 12 showrooms, starting in January 2020, for showcasing dynaCERT’s HydraGEN™ Technology in various cities across Germany;
In France: 2 showrooms, starting in January 2020, for showcasing dynaCERT’s HydraGEN™ Technology and expand more showrooms across cities in France within the next 12 months;
In Belgium: 1 showroom, starting in January 2020, for showcasing dynaCERT’s HydraGEN™ Technology in various cities across Belgium;
In Holland: 1 showroom, starting in January 2020, for showcasing dynaCERT’s HydraGEN™ Technology in various cities across Holland;
In Czech Republic: 1 showroom to be set up in Prague in the first quarter of 2020; and
In Poland: 1 showroom to be set up in the second quarter of 2020.
On the Rhine River, MOSOLF is initiating marine applications by installing dynaCERT’s HydraGEN™ Technology on one of the RoRo inland vessels, MS Terra, owned by the Dutch shipping company F. Elbert B.V. in turn owned by shipper Mr. Frans Elbert. The vessel has a loading capacity of 175 commercial vehicles of the Sprinter class or 250 cars. MOSOLF’s compound at the Rhine port in Düsseldorf functions as a trimodal transport hub (road, rail, water) for the transport of vehicles between the Rhine-Ruhr metropolitan area and the North Range seaports.
MOSOLF is also installing dynaCERT’s HydraGEN™ Technology on the largest shipping line in Europe, the Grimaldi Group, owned by the Grimaldi family. (see
www.grimaldi.napoli.it/en/index.html
). The HydraGEN™ Units are expected to be installed on Short Sea Ships navigating the Mediterranean Sea and the North Sea which are larger than those used on the Rhine River. Pursuant to the Paris Accord, the European Union is advancing legislation to govern carbon emissions by ships on navigable seas surrounding the continent.
Dr. Mosolf is already in negotiations with the German military, the BUNDESWEHR, to install dynaCERT’s HydraGEN™ Technology, with the support of Mrs. Smietje Möller, a member of the German Parliament.
Dr. Mosolf has commenced negotiations with the Minister of Transport of Germany to further support the widespread introduction of dynaCERT’s HydraGEN™ Technology on a national German level and also on a broader European level. As a follow-up to these government meetings, more meetings are also already set up this month with the Minister of the Economy.
Based in Kirchheim/Teck, Germany, MOSOLF is one of the leading logistics system service providers to the automotive industry in Europe. MOSOLF has been growing exponentially in the automobile industry since 1955. The wide spectrum of services provided by MOSOLF covers the complete value-added chain for commercial and construction vehicles and automobile logistics, ranging from the end of the production line to end-of-life vehicle recycling. With a staff of over 2,800, these services are provided using a broad network of thirty-eight (38) technical centers and a multi-modal fleet that combines different resources for road, rail and river transportation methods with numerous points of sale and service throughout Europe. (see:
www.mosolf.com/en.html
)