MoU with Astec opens the door to cross-industry collaboration, says Randhawa
Canada’s dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) and Cipher Neutron Inc (CN) are to market state-of-the-art Hydrogen technology, including AEM Electrolyser technology, to businesses, utilities and Governments in India, Europe and the Middle East.
The two companies have signed a Memorandum of Understanding (MoU) with Safe Energy General Trading LLC of the United Arab Emirates and Astec Valves and Fittings Private Ltd of India for further venturing into these markets.
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.
Dr. Kiranbir Singh Kohli, Managing Director of Astec, stated, “Through this partnership, we are looking to further expand their developments using Astec and Safe Energy’s engineering and growth teams to revolutionize the green hydrogen industry in India, the Middle East and Europe.
“We are very impressed with the AEM Electrolyser technology and accomplishments of Cipher Neutron in collaboration with dynaCERT to deliver low-cost green hydrogen at scale,” Kohli said on 14 Mar 2023.
Gurjant Randhawa, President and CEO of Cipher Neutron, stated, “Our MoU with Astec opens the door to cross-industry collaboration where advanced scientific knowledge and practical engineering solutions can be shared and optimized.
“Cipher Neutron and dynaCERT focus on lowering long-term capital and operating costs of producing green hydrogen across numerous commercial and industrial applications, including in Dubai, as well as in India and throughout the Middle East,” he said.
“Advances that Astec is fostering with its close government relationships, and in Dubai’s growing green hydrogen industry, and in Europe, the Middle East and India, especially in Engineering, Procurement and Construction, is important for the world economy and consistent with the collective CN and dynaCERT strategy of establishing a very strong position to become a global leader of the Hydrogen Economy, not just with AEM Electrolysers, but also in many Green Hydrogen infrastructure projects,” illustrated Jim Payne, President and CEO of dynaCERT.
He added, “dynaCERT is proud to expand its relationship with Astec, a leader in high pressure flow technologies used in conjunction with AEM Electrolysers being developped jointly by CN and dynaCERT.” fiinews.com
