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Friday, April 8, 2022

#Cleantech #Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) (FRA: DMJ) and Galaxy Power Applaud the #Canadian Clean Technology Tax Incentives of Budget 2022; @dynaCERT

#Cleantech #Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) (FRA: DMJ) and Galaxy Power Applaud the #Canadian Clean Technology Tax Incentives of Budget 2022; @dynaCERT

 


TORONTO, ON - April 08, 2022-(Investorideas.com Newswire) dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") and Galaxy Power Inc. ("Galaxy Power") applaud the recently announced changes proposed in the Canadian Government’s Budget of April 7, 2022 ("Budget 2022") regarding the creation of a 30% new Tax Credit for Investments in Clean Technology focused on net-zero technologies, battery storage and clean hydrogen, the new 30% Critical Mineral Exploration Tax Credit and certain other provisions relating to expanding clean technology tax incentives associated with flow through shares, including the expansion of Class 43.1 and 43.2 Canadian Renewal and Conservation Expense ("CRCE") tax definitions, and certain new deductions (collectively the "Clean Tech Incentives").

 

Read this news, featuring DYA in full at https://www.investorideas.com/CO/DYA/news/2022/04081Canadian-Clean-Technology-Tax-Incentives.asp

Successful Consultative Meetings:

dynaCERT and Galaxy Power and their principals have been meeting for more than two (2) years with cabinet ministers, elected Members of Parliament, as well as senior officials within the government to advance, and assist with, the implementation of Clean Technology tax deferrals and tax credits. dynaCERT and Galaxy Power have had face-to-face meetings, conversations and correspondence with political parties on all sides to help bring Clean Technology tax incentives to fruition.

 

Foreseeable Future Economic Benefit:

Budget 2022, and its corresponding proposals for Clean Tech Incentives, were endorsed by The Right Honourable Justin Trudeau, Canada’s Prime Minister and leader of the Liberal Party of Canada, The Honourable Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, The Honourable Steven Guilbeault, Environment and Climate Change Minister, and The Honourable Omar Alghabra, Minister of Transport, among many other dignitaries.

 

Accordingly, Galaxy Power and dynaCERT welcomes the Clean Tech Incentives as lasting strong evidence of an obvious, clear, irrefutable and unequivocal "foreseeable future economic benefit" for all Canadians and to such Canadian participants such as dynaCERT and Galaxy Power.

 

Support for Continued Government Consultation:

dynaCERT and Galaxy Power continue to support the government’s openness in a consultative process on the design details of the tax matters in Clean Technology and see consultative measures as a rational and important step to continue to expand Clean Technology Flow Through Shares.

 

Clean Technology Incentives Reduce GHG’s:

The new Clean Tech Incentives can enhance the financial potential of fast-growing Clean Technology companies that foster Clean Technology in Canada to reduce global Greenhouse Gas Emissions ("GHG’s").

 

Enhancing Growth of Canadian Companies:

Galaxy Power and dynaCERT believe that the Clean Tech Incentives in Budget 2022, along with the Budget 2021 proposed expanded Clean Technology Flow Through Share policy, when successfully implemented, can greatly enhance the much-needed financing capabilities of Clean Technology companies in Canada while at the same time contributing to the Canadian Government’s objectives of reducing Canadian GHG’s and enhancing rapid Canadian economic growth from coast to coast.

 

The Clean Tech Incentives in Budget 2022 are seen as being in accordance with the objectives of the Paris Agreement of the United Nations, which is a legally binding international treaty on climate change.

 

Importance of Tax Incentives:

As opposed to government grants, significant tax credits and Clean Tech Incentives as the ones contained in Budget 2022 bring to the private sector the impetus to make business decisions based on reducing GHG’s and places the incentive to invest in Clean Technology on the private sector while using private sector capital as opposed to direct investing by governments.

 

The new Clean Tech Incentives clearly demonstrate the Federal Government’s recognition of the need to involve private sector capital to combat GHG’s.

 

This involvement of private sector capital is seen as consistent with, and an important precursor to, a continued expansion of Clean Technology Flow Through Share policy which could bring vast amounts of additional capital from the Capital Markets in Canada.

 

Creation of Jobs Throughout Canada:

Galaxy Power and dynaCERT believe that Clean Tech Incentives can create numerous jobs across the nation, for individual workers, scientists, engineers, researchers, entrepreneurs as well as start-ups and large multinationals, and many other contributors, of all employment ages, in urban and remote areas of Canada.

 

Galaxy Power has indicated in its talks with government officials that thousands of jobs have been created with the multiple Billions of dollars of the national Mining and Oil & Gas investments attributed to Flow Through Shares which were first magnificently instituted by successive Canadian Governments since approximately four (4) decades ago and endorsed by successive Provincial Governments.

 

Jean-Pierre Colin, President & CEO of Galaxy Power stated, "The historic changes contributing to the new Clean Tech Incentives contained in Budget 2022 are very significant for all Canadians. Galaxy Power warmly thanks and applauds the Canadian Government and all of the politicians and Members of Parliament and the senior government officials who put forward strong climate change action by endorsing new Clean Tech Incentives.

 

In addition to the well-meaning but financially limited ability of governments, the larger collective economic might of the Canadian Capital Markets is required in order to address the risky challenges of financing the urgent high-priced fight against GHG’s. The expansion of Clean Technology Flow Through Share tax provisions has potential to attract the numerous Capital Market participants to become directly involved. Galaxy Power recognizes with pronounced esteem the vital efforts of all the non-partisan participants throughout all of Canada who continually foster the significance and expansion of eligibility of Clean Technology Flow Through Shares."

 

Jim Payne, President & CEO of dynaCERT stated, "As the owner of 20% of Galaxy Power, dynaCERT is very pleased with the proposed New Tax Credit for Investments in Clean Technology of Budget 2022. This successful endeavour, supported by dynaCERT and Galaxy Power, may have a historical significance one day in Canadian financial history. The long efforts of the entire team at Galaxy Power in furthering the new Clean Tech provisions under Budget 2022 have been endorsed by the entire Canadian Government and we thank governments and parliamentarians for their availability and understanding. dynaCERT also thanks Galaxy Power for their tenacious initiative which can have long lasting economic benefits to dynaCERT."

 

About Flow Through Shares

Clean Technology Flow Through Shares can enhance the non-government private sector in Canada to contribute to the international battle against climate change without the reliance on government grants. For more information on the subject of Flow Through Shares, please see the numerous Government of Canada web sites on the subject, including the one below:

 

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/flow-through-shares-ftss/investors/flow-through-share-program-works.html

 

About Galaxy Power Inc.

Please see: www.galaxypower.ca

 

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology 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, resulting in lower carbon emissions and greater 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, marine vessels and railroad locomotives. 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, forward-looking information in this press release includes, but is not limited to completion of the Offering, satisfaction of TSX listing conditions and regulatory approvals. 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.

 

This Press Release should not be construed as tax advice nor investment advice. Readers are advised that they should consult their own tax advisors and investment advisors in regard to any investment related to Flow Through Shares or investments in Clean Technology Companies.

 

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

 

Visit profile page

 

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Thursday, April 7, 2022

Investor ideas Newswire offers limited time discount to publicly traded companies

  

 



 

Investor ideas Newswire offers limited time discount to publicly traded companies

 

As inflation rises; media and social media service discounted

 

Vancouver, Kelowna, Delta, BC, April 7, 2022 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces it is offering a limited time special on its 2 day news and social media newswire service at https://www.investorideas.com/News-Upload/.

 

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Wednesday, April 6, 2022

#Cleantech #Stocks in the News: Solar Integrated Roofing (OTC: $SIRC) Reports Record Full Year 2021 Audited Financial Results; @SIRCStock

#Cleantech #Stocks in the News: Solar Integrated Roofing (OTC: $SIRC) Reports Record Full Year 2021 Audited Financial Results; @SIRCStock

 

Growing Revenue 388% to $84.2 Million

 

HENDERSON, NV / April 6, 2022 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, roofing systems installation and EV charging company, today announced that its audited financial results for the fiscal year ended December 31, 2021 are now available for download on the Company’s Disclosure page of the OTC Markets website.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/04061Solar-Integrated-Roofing-Audited-Financial-Results.asp

 

Key Fourth Quarter 2021 and Subsequent Highlights

·        Revenue in the fiscal year ended December 31, 2021 increased 388% to $84.2 million, as compared to revenue of $17.3 million in 2020.

·        Net income in 2021 was $19.9 million, or $0.05 per basic and diluted common share, as compared to a net loss of $7.7 million, or $(0.05) per basic and diluted common share, in 2020.

·        Secured tier-1 national solar and EV charging projects, including:

o   $45 million co-development agreement for 17 Georgia high school solar projects.

o   Lease agreement to build and operate a $36 million micro-grid project for a 20,000 acre farm near Kingman, Arizona.

·        Partnered with the Founders of RxSeedCoin, a cryptocurrency asset listed on the Stellar Exchange, to develop a cryptocurrency funding solution for humanitarian commercial solar projects.

·        Appointed an experienced executive team to support the Company’s rapid growth, including veteran finance executive Wanda Witoslawski as Chief Financial Officer and industry executive Pablo Diaz as President.

·        Appointed renewable energy finance executive Héctor Peña, energy entrepreneur Michael Fallquist and energy industry veteran Gregory Craig to the Board of Directors.

 

Management Commentary

“As promised, the release of our 2021 audited financial statements marks a breakthrough capital markets achievement for our company, the first step as we continue our planned transition to a fully reporting company listed on a national exchange,” said David Massey, Chief Executive Officer of Solar Integrated Roofing. “In addition, our shift to a more standard fiscal year ending December 31st will better align us with public company best practices and investor expectations – positioning us for future success.

 

“In addition, the fundamentals of our operations are strong as we saw both immense revenue growth and greatly enhanced margins across the board – enabling us to achieve initial profitability. We are now realizing economies of scale on the supplier side, ensuring both health margins and relative surety of product supply relative to our peers – driving the potential for enhanced net profit margins in the near-term. We also see significant promise in the SolarEV Financial Services ecosystem we have created, enabling a new financial model whereby we can finance our own projects as desired using non-dilutive debt financing. This allows us to capture substantial revenue from lucrative, hand-picked projects – while other projects we don’t finance can still be handed off to our third-party project financing partners.

“Our near-term focus from a capital markets perspective is now on executing upon our strategic uplisting strategy – first to the OTCQB and then to the NASDAQ – helping to improve liquidity and broaden our shareholder base through an enhanced profile within the investment community. As we move through 2023 and accomplish these exciting milestones, we are incredibly well positioned to create sustainable, long-term value for my fellow shareholders. I look forward to sustaining our robust pace of operational execution in the months ahead,” concluded Massey.

 

Audited Financial Results for the Fiscal Year Ended December 31, 2021

Revenue in the fiscal year ended December 31, 2021 increased 388% to $84.2 million, as compared to revenue of $17.3 million in 2020. The increase was driven by the Company’s continued acquisitions, as well as continued organic growth across the SIRC family of companies.

 

Gross profit increased 807% to $40.4 million, or 48% of total revenues, in 2021, as compared to $4.5 million, or 26% of total revenues, in 2020.

 

Total operating expenses in 2021 totaled $20.7 million, as compared to total operating expenses of $9.8 million in 2020. The increase was mainly attributable to increased operational scale, driven by a series of recent acquisitions.

 

Net income in 2021 was $19.9 million, or $0.05 per basic and diluted common share, as compared to a net loss of $7.7 million, or $(0.05) per basic and diluted common share, in 2020.

 

Cash and cash equivalents totaled $1.1 million as of December 31, 2021, as compared to $0.7 million at December 31, 2020.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on TwitterFacebook or Discord.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

Paid News -Disclaimer/Disclosure: . Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  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/ and tickertagstocknews.com

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Tuesday, April 5, 2022

#Solar/#EV #Stock News- Solar Integrated Roofing (OTC: $SIRC) Reports Record Full Year 2021 Audited Financial Results; @SIRCStock

#Solar/#EV #Stock News- Solar Integrated Roofing (OTC: $SIRC) Reports Record Full Year 2021 Audited Financial Results; @SIRCStock

 

Growing Revenue 388% to $84.2 Million - Audited Revenue Grew 388% in 2021 to $84.2 Million; Net Income Grew to $19.9 Million

 

 


HENDERSON, NV / April 5, 2022 /
 Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC)an integrated, single-source solar power, roofing systems installation and EV charging company, today announced that its audited financial results for the fiscal year ended December 31, 2021 are now available for download on the Company’s Disclosure page of the OTC Markets website.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/04051SIRC-Audited-Financial-Results.asp

 

Key Fourth Quarter 2021 and Subsequent Highlights

·        Revenue in the fiscal year ended December 31, 2021 increased 388% to $84.2 million, as compared to revenue of $17.3 million in 2020.

·        Net income in 2021 was $19.9 million, or $0.05 per basic and diluted common share, as compared to a net loss of $7.7 million, or $(0.05) per basic and diluted common share, in 2020.

·        Secured tier-1 national solar and EV charging projects, including:

o   $45 million co-development agreement for 17 Georgia high school solar projects.

o   Lease agreement to build and operate a $36 million micro-grid project for a 20,000 acre farm near Kingman, Arizona.

·        Partnered with the Founders of RxSeedCoin, a cryptocurrency asset listed on the Stellar Exchange, to develop a cryptocurrency funding solution for humanitarian commercial solar projects.

·        Appointed an experienced executive team to support the Company’s rapid growth, including veteran finance executive Wanda Witoslawski as Chief Financial Officer and industry executive Pablo Diaz as President.

·        Appointed renewable energy finance executive Héctor Peña, energy entrepreneur Michael Fallquist and energy industry veteran Gregory Craig to the Board of Directors.

 

Management Commentary

“As promised, the release of our 2021 audited financial statements marks a breakthrough capital markets achievement for our company, the first step as we continue our planned transition to a fully reporting company listed on a national exchange,” said David Massey, Chief Executive Officer of Solar Integrated Roofing. “In addition, our shift to a more standard fiscal year ending December 31st will better align us with public company best practices and investor expectations – positioning us for future success.

 

“In addition, the fundamentals of our operations are strong as we saw both immense revenue growth and greatly enhanced margins across the board – enabling us to achieve initial profitability. We are now realizing economies of scale on the supplier side, ensuring both health margins and relative surety of product supply relative to our peers – driving the potential for enhanced net profit margins in the near-term. We also see significant promise in the SolarEV Financial Services ecosystem we have created, enabling a new financial model whereby we can finance our own projects as desired using non-dilutive debt financing. This allows us to capture substantial revenue from lucrative, hand-picked projects – while other projects we don’t finance can still be handed off to our third-party project financing partners.

“Our near-term focus from a capital markets perspective is now on executing upon our strategic uplisting strategy – first to the OTCQB and then to the NASDAQ – helping to improve liquidity and broaden our shareholder base through an enhanced profile within the investment community. As we move through 2023 and accomplish these exciting milestones, we are incredibly well positioned to create sustainable, long-term value for my fellow shareholders. I look forward to sustaining our robust pace of operational execution in the months ahead,” concluded Massey.

 

Audited Financial Results for the Fiscal Year Ended December 31, 2021

Revenue in the fiscal year ended December 31, 2021 increased 388% to $84.2 million, as compared to revenue of $17.3 million in 2020. The increase was driven by the Company’s continued acquisitions, as well as continued organic growth across the SIRC family of companies.

 

Gross profit increased 807% to $40.4 million, or 48% of total revenues, in 2021, as compared to $4.5 million, or 26% of total revenues, in 2020.

 

Total operating expenses in 2021 totaled $20.7 million, as compared to total operating expenses of $9.8 million in 2020. The increase was mainly attributable to increased operational scale, driven by a series of recent acquisitions.

 

Net income in 2021 was $19.9 million, or $0.05 per basic and diluted common share, as compared to a net loss of $7.7 million, or $(0.05) per basic and diluted common share, in 2020.

 

Cash and cash equivalents totaled $1.1 million as of December 31, 2021, as compared to $0.7 million at December 31, 2020.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on TwitterFacebook or Discord.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

Paid News -Disclaimer/Disclosure: . Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  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/ and tickertagstocknews.com

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