GBC AG

Augsburg/Toronto, March 25, 2025 – German research house GBC AG has initiated coverage on the Canadian cleantech company dynaCERT Inc. (ISIN: CA26780A1084; WKN: A1KBAV; Ticker: DYA). In its initial study, GBC issues a Buy recommendation with a price target of CAD 0.75 (EUR 0.48), indicating significant upside potential compared to the closing price of CAD 0.16 on March 21, 2025.

dynaCERT has developed HydraGEN™, a market-ready solution for reducing CO? emissions and improving fuel efficiency in diesel engines. The system produces hydrogen and oxygen “on demand” and is used across various sectors including transportation, construction, and energy. It is complemented by HydraLytica™, a telematics software that tracks fuel savings and CO? reductions.

German industry expertise embedded in the management team
A key component of the company’s growth strategy is the targeted expansion of the management team with two experienced German industry leaders, bringing extensive sector and market expertise: Bernd Krüper, President and Director, brings over 30 years of international leadership experience, including positions at Rolls-Royce Power Systems, Daimler, and Hatz Group. He offers deep expertise in product development, digitalization, and business expansion. Kevin Unrath, Chief Operating Officer and Managing Director of dynaCERT GmbH, previously held senior roles at MAN Truck & Bus and Hatz Motorenfabrik. He is responsible for global sales and strategic growth across the European market. With this team, dynaCERT is strengthening its access to the European market and underscoring its ambition to establish itself internationally as a provider of sustainable hydrogen technologies.

Presentation at the 39th Munich Capital Market Conference (MKK)
Investors will have the opportunity to meet dynaCERT in person on April 2, 2025 at the 39th MKK in Munich, one of the leading platforms for small and mid-cap investments in the German-speaking region.

Analyst opinion and valuation
The analysts at GBC AG emphasize dynaCERT’s attractive ESG profile, global scalability, and the potential for future revenue from carbon credit monetization. Based on a DCF model, the analysts set a price target of CAD 0.75 (EUR 0.48) per share and accordingly assign a Buy rating.

The full research report is available at https://gbc-investmentresearch.de/studies/ .

About dynaCERT Inc.
Based in Toronto, dynaCERT has been developing hydrogen-based emission reduction technologies for diesel engines since 2004. The company’s certified technology is used in over 55 countries and distributed via a global partner network of more than 48 representatives. Through its strategic investment in Cipher Neutron Inc., dynaCERT is also engaged in the green hydrogen production sector.

Disclaimer:
This announcement does not constitute investment advice or a recommendation to buy or sell securities. Investments in equities are generally associated with risks – including the potential loss of the entire invested capital.

Note on potential conflicts of interest pursuant to §85 WpHG and Art.20 MAR:
GBC AG and the responsible analyst hereby declare that the following potential conflicts of interest exist as defined by §85 WpHG and Art.20 MAR: 5a,6a,11.

Further details can be found in the list of potential conflicts of interest in the research report under §2 (V) 2 or online at: https://www.gbc-ag.de/de/Offenlegung

Contact:
GBC AG
Tel.: +49 821 241133 0
Email: office@gbc-ag.de