dynaCERT and Cipher Neutron Signs MOU with Safe Energy and Astec in India, Europe & Middle East
ynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") and Cipher Neutron Inc. (“CN” or “Cipher Neutron”) are pleased to announce that they have concluded a Memorandum of Understanding (the MOU”) with Safe Energy General Trading L.L.C., UAE and Astec Valves and Fittings Private Ltd., India (hereafter together referred to as “Astec”), whereby dynaCERT and CN will further market state-of-the-art Hydrogen technology, including AEM Electrolyser technology, to businesses, utilities and governments in India, Europe and the Middle East in support of Astec’s robust footprint in these regions
TORONTO--(BUSINESS WIRE)--Mar 14, 2023--
dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") and Cipher Neutron Inc. (“CN” or “Cipher Neutron”) are pleased to announce that they have concluded a Memorandum of Understanding (the MOU”) with Safe Energy General Trading L.L.C., UAE and Astec Valves and Fittings Private Ltd., India (hereafter together referred to as “Astec”), whereby dynaCERT and CN will further market state-of-the-art Hydrogen technology, including AEM Electrolyser technology, to businesses, utilities and governments in India, Europe and the Middle East in support of Astec’s robust footprint in these regions.
The MOU also provides that CN and dynaCERT will be advancing the testing of Astec’s proprietary products for use in hydrogen Electrolysers and other hydrogen related technologies of CN and dynaCERT to develop superior, more efficient Electrolysers and lower cost green hydrogen for industrial applications and clean energy storage and generation to meet the particular requirements of Astec’s clients.
Critical for reliability and safety, high-pressure-high-volume green hydrogen plants utilising CN & dynaCERT’ s AEM Electrolyser technology, will require experienced engineered solutions such as those of Astec that specialize in high-pressure flow technologies and joint reductions.
