Revolutionizing the Electric Recreational Market (NYSE: $KULR) (NYSE: $PII) (NASDAQ: $VMAR) (NASDAQ: $SEDG) @KULRTech @PolarisInc @marine_vision @SolarEdgePV

Revolutionizing the Electric Recreational Market (NYSE: $KULR) (NYSE: $PII) (NASDAQ: $VMAR) (NASDAQ: $SEDG) @KULRTech @PolarisInc @marine_vision @SolarEdgePV  

 

May 24, 2024 - Investorideas.com, a go-to investing platform covering electric vehicles releases a report on the evolution of the sector as the recreational market follows suit, featuring KULR Technology Group, Inc (NYSE American:KULR), a global leader in safe and high-performance energy storage solutions.

 

This is a paid news dissemination for KULR

 

Read this article, featuring KULR in full at https://www.investorideas.com/news/2024/renewable-energy/05241Electric-Recreational-Stocks.asp

 

As all industry sectors of vehicles build out their electric portfolios, battery safety is still a key issue to address. ResearchandMarkets reported, ”In line with rapidly evolving electric mobility demands, the process of EV battery formation and testing is cementing its role as a critical industry segment. Technological advancements and rigorous testing measures are the linchpins for establishing stable, efficient, and secure battery operation that meets consumer expectations and strict regulatory frameworks.”

 

With battery safety as a key service and betting on a future of the electrification of multiple industries, (KULR Technology Group, Inc. (NYSE American:KULR) just added to its growing list entering the electric recreational products sector.

 

KULR just announced it has been awarded an engineering contract with Bombardier Recreational Products (NASDAQ: DOOO) for the Company’s Fractional Thermal Runaway Calorimetry (FTRC) testing services. This milestone underscores KULR's expanding influence and commitment to advancing battery safety in the rapidly growing electric recreational products sector. With an already established presence in space and military safe battery designs, KULR looks to continue discussions and market expansion with potential customers from major electric aviation, electric maritime, EV, and recreational off-road vehicle manufacturers.

 

Paid news dissemination for KULR:

The partnership highlights BRP’s proactive approach to thermal runaway management across all its e-mobility market verticals – including National Fire Protection Association (NFPA) 1192, while concurrently aligning with KULR’s development of the KULR ONE Design Solutions (K1-DS) platform, which focuses on regulatory compliance, including battery cell testing, propagation-resistant materials, pack and module level testing. The NFPA 1192 standard establishes fire and life safety criteria for recreational vehicles to provide protection from loss of life from fire and explosion.

 

"Securing this contract with BRP is a testament to the critical role that FTRC plays in ensuring the safety and reliability of next-generation consumer facing e-mobility products," said Michael Mo, Chief Executive Officer of KULR. "FTRC analysis is quickly becoming the de facto method to characterize cell-level thermal runaway, and we are actively working to expand our throughput for this testing in the coming months."

 

KULR's exclusive worldwide license for NASA’s large format FTRC positions the company as the industry standard for battery testing and design services. Serving top automakers, space exploration companies, and electric truck manufacturers, KULR’s FTRC technology offers comprehensive thermal runaway characterization for various cell types. This crucial technology enhances battery safety across industries, providing detailed insights into thermal runaway behavior and aiding in regulatory compliance. As the global battery testing market is projected to reach USD 16.5 billion by 2030, KULR’s FTRC capabilities ensure safe, high-capacity batteries for a sustainable future.

 

BRP Inc. (Bombardier Recreational Products) (NASDAQ: DOOO), a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus, announced in February it added two new electric models available to more commercial users such as ski centers and recreational resorts, as well as consumers to play around their cabin. These new models are designed for more traction and flotation in loose snow.

 

Polaris (NYSE:PII), a global leader in powersports and its dvision, Polaris Commercial, introduced earlier this year its  all-new, all-electric Pro XD Full-Size Kinetic utility vehicle (UTV) ,engineered from the inside out to withstand tough jobsite duty cycles and enable all-day operation with zero exhaust – taking operational efficiency and sustainability to the next level. The Pro XD Kinetic further expands the industry-leading line-up of commercial work UTVs that boast durability, serviceability and safety features while increasing the environments and areas these all-electric UTVs can operate.

 

Polaris has been a leader in the electric UTV space with the class-leading and award-winning RANGER XP Kinetic. The all-electric RANGER has been called game changing and the gold standard for battery EV UTVs.

 

Also addressing safety in the electric recreational vehicle market, Vision Marine Technologies, Inc. (NASDAQ:VMAR), a pioneer in electric marine propulsion announced yesterday the filing of its fourth patent on May 15, 2024, for a dedicated high-voltage marine battery pack. This battery pack is a key element of the E-Motion™ Marine Powertrain Technology and will also be available as a standalone product for future recreational electric powerboats.

 

Over a rigorous five-year development period, Vision Marine meticulously tested and evaluated various batteries to power the E-Motion™ Electric Powertrain. Existing solutions fell short of the high standards for performance, security, and ease of installation required for a premier marine powertrain. Determined to address this gap, Vision Marine engineered a bespoke solution prioritizing security, performance, and user-friendly installation.

 

The Vision Marine team created a state-of-the-art marine battery surpassing automotive standards, featuring NMC (1) cells and an advanced battery management system. This unique battery is designed to endure the critical challenges of electric boating, with high voltage delivery, sophisticated electronic communications, and internal cooling tailored for the E-Motion™ Technology.

 

SolarEdge (NASDAQ: SEDG), a global leader in smart energy technology has also entered the recreational market. SolarEdge e-Mobility has developed The Modular electrification kit for trailers to overcome driving range challenges of electric vehicles and increase customer’s comfort.

 

According to the company website, “Modular e-Trailer, equipped with our system, is the key to autonomy and comfort without making compromises in environmental protection. It can support your EV, generate solar and recuperation energy, and play the role of solar residential storage, being an integral part of your home power network.”

 

As the electrification of all transportation rolls out from EV’s to aviation, recreational – battery safety and performance will remain some of the biggest issues to overcome.

 

Positioned to capitalize on these multiple markets,  KULR Technology Group, Inc (NYSE American:KULR) announced in January that it “is now the only entity in the world providing comprehensive fractional thermal runaway calorimetry testing services for every cell type, regardless of capacity or format. This breakthrough win firmly establishes KULR as the de facto industry standard battery testing and design services provider in the world to the largest OEM customers across all industries.”

 

Continued: “Sole access to this all-important thermal runaway data decisively positions KULR as a crucial strategic partner for OEM customers requiring state-of-the-art battery safety design, testing, storage, and recycling throughout any part or all of the battery’s life cycle.”

 

Research electric vehicles stocks at Investorideas.com

https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp#EV

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

 

Disclaimer/Disclosure: This news article featuring KULR is a paid for news release on Investorideas.com -Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more.. Contact management and IR of each company directly regarding specific questions. - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Stocks in the Electric Recreational Market (NYSE: $KULR) (NYSE: $PII) (NASDAQ: $VMAR) (NASDAQ: $SEDG) @KULRTech @PolarisInc @marine_vision @SolarEdgePV

Stocks in the Electric Recreational Market (NYSE: $KULR) (NYSE: $PII) (NASDAQ: $VMAR) (NASDAQ: $SEDG) @KULRTech @PolarisInc @marine_vision @SolarEdgePV  

 

Recreational Market Joins the Electrification Revolution of Vehicles; Battery Safety Still a Key Issue

 

May 23, 2024 - Investorideas.com, a go-to investing platform covering electric vehicles releases a report on the evolution of the sector as the recreational market follows suit, featuring KULR Technology Group, Inc (NYSE American:KULR), a global leader in safe and high-performance energy storage solutions.

 

This is a paid news dissemination for KULR

 

Read this article, featuring KULR in full at https://www.investorideas.com/news/2024/renewable-energy/05231Electric-Recreational-Market.asp

 

As all industry sectors of vehicles build out their electric portfolios, battery safety is still a key issue to address. ResearchandMarkets reported, ”In line with rapidly evolving electric mobility demands, the process of EV battery formation and testing is cementing its role as a critical industry segment. Technological advancements and rigorous testing measures are the linchpins for establishing stable, efficient, and secure battery operation that meets consumer expectations and strict regulatory frameworks.”

 

With battery safety as a key service and betting on a future of the electrification of multiple industries, (KULR Technology Group, Inc. (NYSE American:KULR) just added to its growing list entering the electric recreational products sector.

 

KULR just announced it has been awarded an engineering contract with Bombardier Recreational Products (NASDAQ: DOOO) for the Company’s Fractional Thermal Runaway Calorimetry (FTRC) testing services. This milestone underscores KULR's expanding influence and commitment to advancing battery safety in the rapidly growing electric recreational products sector. With an already established presence in space and military safe battery designs, KULR looks to continue discussions and market expansion with potential customers from major electric aviation, electric maritime, EV, and recreational off-road vehicle manufacturers.

 

Paid news dissemination for KULR:

The partnership highlights BRP’s proactive approach to thermal runaway management across all its e-mobility market verticals – including National Fire Protection Association (NFPA) 1192, while concurrently aligning with KULR’s development of the KULR ONE Design Solutions (K1-DS) platform, which focuses on regulatory compliance, including battery cell testing, propagation-resistant materials, pack and module level testing. The NFPA 1192 standard establishes fire and life safety criteria for recreational vehicles to provide protection from loss of life from fire and explosion.

 

"Securing this contract with BRP is a testament to the critical role that FTRC plays in ensuring the safety and reliability of next-generation consumer facing e-mobility products," said Michael Mo, Chief Executive Officer of KULR. "FTRC analysis is quickly becoming the de facto method to characterize cell-level thermal runaway, and we are actively working to expand our throughput for this testing in the coming months."

 

KULR's exclusive worldwide license for NASA’s large format FTRC positions the company as the industry standard for battery testing and design services. Serving top automakers, space exploration companies, and electric truck manufacturers, KULR’s FTRC technology offers comprehensive thermal runaway characterization for various cell types. This crucial technology enhances battery safety across industries, providing detailed insights into thermal runaway behavior and aiding in regulatory compliance. As the global battery testing market is projected to reach USD 16.5 billion by 2030, KULR’s FTRC capabilities ensure safe, high-capacity batteries for a sustainable future.

 

BRP Inc. (Bombardier Recreational Products) (NASDAQ: DOOO), a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus, announced in February it added two new electric models available to more commercial users such as ski centers and recreational resorts, as well as consumers to play around their cabin. These new models are designed for more traction and flotation in loose snow.

 

Polaris (NYSE:PII), a global leader in powersports and its dvision, Polaris Commercial, introduced earlier this year its  all-new, all-electric Pro XD Full-Size Kinetic utility vehicle (UTV) ,engineered from the inside out to withstand tough jobsite duty cycles and enable all-day operation with zero exhaust – taking operational efficiency and sustainability to the next level. The Pro XD Kinetic further expands the industry-leading line-up of commercial work UTVs that boast durability, serviceability and safety features while increasing the environments and areas these all-electric UTVs can operate.

 

Polaris has been a leader in the electric UTV space with the class-leading and award-winning RANGER XP Kinetic. The all-electric RANGER has been called game changing and the gold standard for battery EV UTVs.

 

Also addressing safety in the electric recreational vehicle market, Vision Marine Technologies, Inc. (NASDAQ:VMAR), a pioneer in electric marine propulsion announced yesterday the filing of its fourth patent on May 15, 2024, for a dedicated high-voltage marine battery pack. This battery pack is a key element of the E-Motion™ Marine Powertrain Technology and will also be available as a standalone product for future recreational electric powerboats.

 

Over a rigorous five-year development period, Vision Marine meticulously tested and evaluated various batteries to power the E-Motion™ Electric Powertrain. Existing solutions fell short of the high standards for performance, security, and ease of installation required for a premier marine powertrain. Determined to address this gap, Vision Marine engineered a bespoke solution prioritizing security, performance, and user-friendly installation.

 

The Vision Marine team created a state-of-the-art marine battery surpassing automotive standards, featuring NMC (1) cells and an advanced battery management system. This unique battery is designed to endure the critical challenges of electric boating, with high voltage delivery, sophisticated electronic communications, and internal cooling tailored for the E-Motion™ Technology.

 

SolarEdge (NASDAQ: SEDG), a global leader in smart energy technology has also entered the recreational market. SolarEdge e-Mobility has developed The Modular electrification kit for trailers to overcome driving range challenges of electric vehicles and increase customer’s comfort.

 

According to the company website, “Modular e-Trailer, equipped with our system, is the key to autonomy and comfort without making compromises in environmental protection. It can support your EV, generate solar and recuperation energy, and play the role of solar residential storage, being an integral part of your home power network.”

 

As the electrification of all transportation rolls out from EV’s to aviation, recreational – battery safety and performance will remain some of the biggest issues to overcome.

 

Positioned to capitalize on these multiple markets,  KULR Technology Group, Inc (NYSE American:KULR) announced in January that it “is now the only entity in the world providing comprehensive fractional thermal runaway calorimetry testing services for every cell type, regardless of capacity or format. This breakthrough win firmly establishes KULR as the de facto industry standard battery testing and design services provider in the world to the largest OEM customers across all industries.”

 

Continued: “Sole access to this all-important thermal runaway data decisively positions KULR as a crucial strategic partner for OEM customers requiring state-of-the-art battery safety design, testing, storage, and recycling throughout any part or all of the battery’s life cycle.”

 

Research electric vehicles stocks at Investorideas.com

https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp#EV

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

 

Disclaimer/Disclosure: This news article featuring KULR is a paid for news release on Investorideas.com -Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more.. Contact management and IR of each company directly regarding specific questions. - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Contact Investorideas.com

800-665-0411

 

 

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Global Billion Dollar Recreational Vehicle Battery Market Size Expected To Continue To Grow As Demand Skyrockets; $KULR $PII $FFIE $WKHS $VLCN @FNMgroup @KULRTech

Global Billion Dollar Recreational Vehicle Battery Market Size Expected To Continue To Grow As Demand Skyrockets; $KULR $PII $FFIE $WKHS $VLCN @FNMgroup  @KULRTech

 

Palm Beach, FL – May 22, 2024 – The global Recreational Vehicle Battery market is projected to grow at a significant growth rate due to several driving factors. According to a report from Market Research Intellect (MRI), the global Recreational Vehicle Battery Market size in terms of revenue is expected to continue to grow additional billions of dollars in revenues and in a CAGR through 2031.   MRI said:” Market Research Intellect anticipates a promising growth trajectory for the Recreational Vehicle Battery Market from 2024 to 2031, fueled by drivers. Technological advancements will catalyze product innovation and market expansion, while favorable regulatory policies and increasing consumer awareness will further boost demand. Market Research Intellect predicts a steady CAGR during this period, signaling significant growth potential. Companies in the Recreational Vehicle Battery Market can capitalize on this growth by focusing on strategic initiatives such as market diversification, brand building, and operational efficiency improvements. Embracing emerging trends such as trends will be crucial for staying competitive and meeting evolving consumer demands. By adopting proactive strategies and leveraging opportunities, businesses can position themselves for sustained success in the dynamic market landscape of 2024-2031.”  Active defense stocks in news today include:  KULR Technology Group, Inc. (NYSE: KULR), Polaris Inc. (NYSE: PII), Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE), Workhorse Group Inc. (NASDAQ: WKHS), Volcon Inc. (NASDAQ: VLCN).

 

Read this in full at https://www.financialnewsmedia.com/global-billion-dollar-recreational-vehicle-battery-market-size-expected-to-continue-to-grow-as-demand-skyrockets/

MRI continued discussing the Emerging Trends in Recreational Vehicle Battery Market saying:” Digital Transformation: Recreational Vehicle Battery Market is experiencing a rapid digital transformation, with the adoption of technologies such as AI, IoT, and blockchain, leading to enhanced operational efficiency, product innovation, and personalized customer experiences. Sustainable Practices: There is a growing emphasis on sustainability within the market, driven by consumer demand and regulatory pressures, leading to increased adoption of eco-friendly materials, energy-efficient processes, and waste reduction initiatives.  Health and Wellness: Consumers are increasingly prioritizing health and wellness, leading to the rise of functional and nutritious products in Recreational Vehicle Battery Market, as well as the integration of health-focused features into existing offerings.  Global Recreational Vehicle Battery Market Expansion: With the globalization of markets, many companies in Recreational Vehicle Battery Market are exploring opportunities in emerging markets, leveraging their expertise and resources to expand their presence and tap into new customer segments.”

 

KULR Technology Group, Inc. (NYSE American: KULR) Secures Test Engineering Contract with Bombardier Recreational Products  – KULR Technology Group, (the “Company” or “KULR”), global leader in safe and high-performance energy storage solutions, is pleased to announce it has been awarded an engineering contract with Bombardier Recreational Products (“BRP”) (NASDAQ: DOOO) for the Company’s Fractional Thermal Runaway Calorimetry (FTRC) testing services. This milestone underscores KULR’s expanding influence and commitment to advancing battery safety in the rapidly growing electric recreational products sector. With an already established presence in space and military safe battery designs, KULR looks to continue discussions and market expansion with potential customers from major electric aviation, electric maritime, EV, and recreational off-road vehicle manufacturers.

 

The partnership highlights BRP’s proactive approach to thermal runaway management across all its e-mobility market verticals – including National Fire Protection Association (NFPA) 1192, while concurrently aligning with KULR’s development of the KULR ONE Design Solutions (K1-DS) platform, which focuses on regulatory compliance, including battery cell testing, propagation-resistant materials, pack and module level testing. The NFPA 1192 standard establishes fire and life safety criteria for recreational vehicles to provide protection from loss of life from fire and explosion. “Securing this contract with BRP is a testament to the critical role that FTRC plays in ensuring the safety and reliability of next-generation consumer facing e-mobility products,” said Michael Mo, Chief Executive Officer of KULR. “FTRC analysis is quickly becoming the de facto method to characterize cell-level thermal runaway, and we are actively working to expand our throughput for this testing in the coming months.”

 

KULR’s exclusive worldwide license for NASA’s large format FTRC positions the company as the industry standard for battery testing and design services. Serving top automakers, space exploration companies, and electric truck manufacturers, KULR’s FTRC technology offers comprehensive thermal runaway characterization for various cell types. This crucial technology enhances battery safety across industries, providing detailed insights into thermal runaway behavior and aiding in regulatory compliance. As the global battery testing market is projected to reach USD 16.5 billion by 2030, KULR’s FTRC capabilities ensure safe, high-capacity batteries for a sustainable future.   CONTINUED…  Read this entire press release and more news for KULR at:  https://www.financialnewsmedia.com/news-kulr/

 

In other defense industry developments of note:

 

Polaris Inc. (NYSE: PII) recently announced that its Board of Directors has declared a regular quarterly cash dividend of $0.66 per share payable on June 17, 2024 to shareholders of record at the close of business on June 3, 2024.

 

As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris’ high-quality product line-up includes the RANGER, RZRand Polaris XPEDITION and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Headquartered in Minnesota, Polaris serves nearly 100 countries across the globe. www.polaris.com

 

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) recently announced that it is scheduled to have a conference call on its fourth quarter and full year 2023 results after market close on Tuesday, May 28, 2024 at 5:00 p.m. Pacific Time (8:00 p.m. Eastern Time).

 

Interested investors and other parties can listen to a webcast of the conference call by logging onto the Investor Relations section of the Company’s website at https://investors.ff.com/. A replay of the webcast will be available on the Company’s website shortly thereafter.

 

Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV company, but also a software-driven intelligent internet company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility.

 

Workhorse Group Inc. (NASDAQ: WKHS) recently reported financial results for the first quarter ended March 31, 2024.  “During the first quarter, we took important strategic and financial actions to better position Workhorse for the future while continuing to hit major milestones,” said Workhorse CEO Rick Dauch. “Our successful W56 demonstrations with dealers and fleet operators continue to affirm the strong market potential of our commercial EV trucks. This April, we celebrated a major milestone with a substantial order for our W4 CC trucks and expanded our dealer network to include new locations in New York and a set of dealership locations across the upper Midwest region.”

 

Mr. Dauch continued, “While we are pleased with our recent progress, we proactively took steps this quarter to preserve cash and extend our financial runway. We recently closed a financing transaction that provides liquidity in both the short term and over time, enabling us to continue our transition from a technology start-up into a successful commercial EV OEM. We have taken aggressive cost reduction actions across the organization, including a 20% reduction in force and throttling capacity at Union City by temporarily furloughing the team there, matching our resources and production demands until our financial and operating position permits.”

 

Volcon Inc. (NASDAQ: VLCN) recently reported its operational highlights and financial results for the quarter ended March 31, 2024.  Company Highlights Were: Nasdaq extension for compliance by June 24, 2024; First Stag delivery to US Dealer and the Army Corp in May 2024; Continued delivery of the Grunt EVO; and 105 U.S. dealers and 9 international distributors covering 14 countries

 

As previously noted in our 2023 annual operational updates, Volcon presented its plan of compliance to the Nasdaq Hearing Panel on March 26, 2024 regarding ongoing compliance with the bid price and equity compliance. On April 2, 2024, Nasdaq informed the Company that it has provided an extension until June 24, 2024 for the Company to execute its plan of compliance.

 

On May 6, 2024, the Company shipped its first Stag to a U.S. dealer to fulfill our first consumer pre-order. The Company expects to ship additional Stags to U.S. dealers to begin fulfilling previously received pre-orders for the Stag from consumers who have paid a deposit. Although pre-orders are cancelable until the customer takes delivery of the Stag, the Company expects that we will be able to convert some of these pre-orders to sales in 2024. Also, as previously announced, the Company delivered its first Stag to the Army Corp of Engineers (Army Corp) on February 27, 2024, at its Fort Leonard Wood, Missouri facility. The Company expects to ship the Army Corp three more Stags on May 10, 2024 and anticipates additional deliveries to complete the Army Corp’s orders by July 2024.

 

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Breaking Cleantech Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) Launches $2,500,000 Non-Brokered Private Placement of Equity; @dynaCERT

Breaking Cleantech Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) Launches $2,500,000 Non-Brokered Private Placement of Equity; @dynaCERT

 

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TORONTO - May 17, 2024 (Investorideas.com Newswire) dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it has initiated a non-brokered private placement of equity (the Offering") of up to 16,666,667 units. Each unit (a "Unit") shall be priced at $0.15 per Unit for a total maximum Offering of $2,500,000. All dollar values are in Canadian dollars.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of dynaCERT Inc.

 

Read this news, featuring DYA in full at

https://www.investorideas.com/news/2024/05171DYA-Non-Brokered-Private-Placement-of-Equity.asp

 

Each Unit shall consist of one (1) common share of the Company (a "Common Share") and one-half (1/2) of a common share purchase warrant. Each whole warrant (a "Warrant") is exercisable into one (1) Common Share at an exercise price of $0.20 per Warrant at any time for a period commencing upon the closing of the Offering (the "Closing Date") for a period of thirty-six months thereafter.

 

If at any time after the date that is four months and one day after the Closing Date, the closing trading price of the Common Shares on the Toronto Stock Exchange is greater than $0.35 per Common Share for a period of ten (10) consecutive business days, then the Company may give notice thereof to the holders of the Warrants, and, in such case, the expiry time of the Warrants shall be accelerated and shall be the 30th day after the date on which such notice is deemed to have been given by the Company.

 

The gross proceeds of the Offering will be used to finance sales of the Company's HydraGEN™ Technology Products to participants in the mining, oil & gas, transportation and generator sectors on a global basis, for working capital and debt repayment, for general corporate purposes, and to settle advisory fees and permitted finders' fees under applicable securities legislation (if applicable).

 

The Offering will be offered for sale to purchasers (i) in all provinces of Canada pursuant to available private placement exemptions, (ii) in the United States on a private placement basis pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended, and (iii) in offshore jurisdictions as may be agreed to by the Company pursuant to available prospectus or registration exemptions in accordance with applicable laws.

 

The Units (and underlying securities) shall be subject to a statutory hold period that will extend four (4) months plus one day from the Closing Date.

 

Subject to applicable securities regulation, the Company may pay finders fees consisting of up to 5% cash and 5% compensation warrants in connection with the Offering. The compensation warrants shall be exercisable into Units at a price of $0.18 per compensation warrant.

 

Closing of the Offering is subject to completion of formal documentation and receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.

The securities offered hereby have not and will not be registered under the United States Securities Act of 1933 (the "1933 Act") and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the 1933 Act) unless the securities have been registered under the 1933 Act or are otherwise exempt from such registration.

 

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynaCERT.com.

 

READER ADVISORY

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, information relating to Jeff Zajac cannot be independently verified. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

 

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

 

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

 

On Behalf of the Board
Murray James Payne, CEO

 

Contacts

For more information:
Jim Payne, CEO & President
dynaCERT Inc.
#101 - 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com

 

Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com

 

dynaCERT Inc. (TSX:DYA.TO) (DYFSF) is a featured Renewable Energy / Fuel Cell stock on Investorideas.com

 

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