Original-Research dynaCERT Inc (von GBC AG): BUY
Original-Research: dynaCERT Inc - von GBC AG
Einstufung von GBC AG zu dynaCERT Inc
Unternehmen: dynaCERT Inc
Anlass der Studie: Research Note
Kursziel: 2.00 CAD
Kursziel auf Sicht von: 31.12.2020
Letzte Ratingänderung: -
Analyst: Julien Desrosiers, Matthias Greiffenberger
Q3 Results published. Important European partnership with MOSOLF won. Star investor and billionaire Eric Sprott acquires around 9% of dynaCERT; price target raised to CAD 2.00 (previously: CAD
1.90), rating: Buy
In the first nine months of 2019, revenues of CAD 0.21 million (previous year: CAD 0.07 million) were generated. The net result amounted to CAD -7.32 million (previous year: CAD -6.37 million).
Partnership with MOSOLF
With MOSOLF, the company was able to win another strategic partner. MOSOLF is one of the leading system service providers for the automotive industry in Europe. Its range of services includes logistics, technology and service solutions implemented with the help of a Europe-wide location network and a multimodal transport fleet. MOSOLF has 38 technical and logistics centers, 1,000 special vehicle transporters and achieved a turnover of 417 million in 2018.
MOSOLF has already ordered 1,000 dynaCERT HydraGEN units for the year 2020 and will also serve the European market as a dealer. MOSOLF and its subsidiaries plan to become dealers and installers of HydraGEN products in Central Europe. As part of the cooperation, negotiations have also begun for a joint venture in which MOSOLF and dynaCERT will jointly develop, finance and certify the HydraGEN technology for the European passenger car market. We see extensive market potential in this cooperation. This could make the European roll-out even more dynamic.
As soon as the MOSOLF Group has installed the HydraGEN technology in its own vehicles and achieves better fuel efficiency than the competition, then the market rollout in Europe should accelerate significantly.
The close cooperation between dynaCERT and MOSOLF is also clearly demonstrated by the accession of Dr. Jörg MOSOLF (CEO of MOSOLF) to the Advisory Board of dynaCERT. In addition, Dr. Jörg MOSOLF is well connected in the German logistics industry, including being elected President of the German Transport Forum (DVF). This could lead to further important contacts for dynaCERT.
Furthermore, the dynaCERT technology was approved according to a formal risk assessment by TES (Total Equipment Services Inc.), enabling its use in underground mining in Canada. Here dynaCERT was again able to show that the technology meets high safety standards even under strict conditions, which increases the addressable market for dynaCERT.