dynaCERT Announces Intellectual Property Acquisition

TORONTO, ONTARIO--(Marketwired - Oct. 30, 2014) - dynaCERT Inc. (TSX VENTURE:DYA) ("dynaCERT" or the "Company") is pleased to announce that it has entered into a formal Intellectual Property Transfer Agreement with Sheer Technology Inc. ("Sheer Technology")in respect of the acquisition by the Company of all of the underlying technology and intellectual property rights (collectively, the "Technology") employed in its principal product, the HydraGen™. This agreement supercedes the non-binding letter of intent that was entered into between the Company and Sheer Technology in February 2014 (as announced by the Company in its press release dated February 28, 2014) and also supercedes and terminates the license agreement between the Company and Sheer Technology that previously governed the terms of the Company's use of the Technology.

Under this Intellectual Property Transfer Agreement, dynaCERT will irrevocably acquire all rights (including all patents and patents pending), title and interest to the Technology, the invention and all intellectual property pertaining to the Technology. The purchase price payable by the Company to Sheer Technology under the agreement is CAD$750,000, which is payable via delivery of a secured promissory note to Sheer Technology. The promissory note (which bears no interest) is repayable out of the sales of HydraGen™ units, with 50% of the gross profits from such sales being paid to Sheer Technology and attributed to the balance owing under the promissory note. In the case of a licence or transfer of the technology to a third party, dynaCERT shall pay all or any such portion of the proceeds of such licence or transfer upon receipt to Sheer Technology until the remaining balance owing under the promissory note has been paid in full. The maximum cumulative amount to be paid, including any and all payments is CAD$750,000 and is required to be paid within five (5) years.

Completion of the acquisition of the Technology is subject to the approval of the TSX Venture Exchange. This acquisition is a major milestone for dynaCERT, as upon completion it will own and control all intellectual property that it has employed, licensed or developed from the time of inception of the Company to the present day.

Mr. Jim Payne, President and Chief Executive Officer of dynaCERT, commented, "We are very grateful to Geoff Sheerin and his team for their dedication to developing the IP and delivering it to dynaCERT." He further added, "this acquisition takes us from the passenger seat to the driver's seat relating to delivery of this Technology to the marketplace."