Hydrofuel has entered into an agreement with dynaCERT providing for the purchase of one hundred (100) HG1 HydraGEN Technology Units or the equivalent number in HG2 HydraGEN Technology Units over the next twelve (12) months. Twenty-Five (25) of such HydraGEN Units are currently being shipped by the Company to Hydrofuel in satisfaction of this arrangement.
Under a separate arrangement, Hydrofuel has become a dynaCERT distributor for the Mexican market and the state of Texas in the United States. Hydrofuel is led by experienced entrepreneurs Francisco Bricio, Ricardo Montoya, and Jose Topete del Valle. Under this arrangement, Hydrofuel commits to developing the market for HydraGEN Technology in Mexico and Texas, USA. This transaction underscores the confidence in dynaCERT's products by Hydrofuel and the growing demand for sustainable technology in Mexico.
Francisco Bricio, CEO of Hydrofuel, stated, "Mexico is #7 in the number of truck vehicles in operation and #9 in diesel truck production in the world and has a 45% market share of all truck-based trade through Laredo Texas, so it makes perfect sense to bring a much needed technology as dynaCERT's HydraGEN Technology to this market. Hydrofuel sees the potential of dynaCERT's HydraGEN Technology not only in the traditional transportation sector but also in stationary generators and the off-highway market such as construction and mining equipment. This potential opens up further Hydrofuel markets and opportunities for sustainable expansion."
Kevin Unrath, COO of dynaCERT, stated, "dynaCERT welcomes Hydrofuel as a strong new distributor and is very pleased about this successful purchase order. Together with Hydrofuel, we can further develop the Mexican market and drive the global transition to lower-emission transportation. Mexico represents a strategically important market for dynaCERT. The country has a large number of on-highway and off highway businesses such as food manufacturers with extensive truck fleets that travel long distances every day. In addition, Mexico is a major player in the Latin American transportation sector with growing interest in environmentally friendly technologies to increase efficiency and reduce CO₂ emissions."