Cipher, dynaCERT’s Receive Initial Purchase Order from Kuber Group in Africa

dynaCERT Inc. and its AEM Green Electrolyser partner, Cipher Neutron Inc. ("Cipher Neutron", “CN”) are pleased to jointly announce that Cipher Neutron has received an initial purchase order for a 10-Kilowatt AEM Electrolyser Stack and signed a Memorandum of Understanding with the Kuber Group Africa (“Kuber”).

The AEM Green Hydrogen Electrolyser stack will be manufactured in dynaCERT’s production facilities in Toronto pursuant to the Collaboration Agreement between dynaCERT and Cipher Neutron dated February 17, 2023. In addition to having options to purchase up to the current 50% of equity in Cipher Neutron, dynaCERT also owns half of the AEM Green Electrolyser technology that is being developed by Cipher Neutron.

Projects Totalling 10 Megawatts
The Memorandum of Understanding (the “MOU”) provides for the promotion and increase of the use of AEM Electrolysers supplied by CN in jurisdictions where Kuber has an established business footprint and the fulfillment and execution of purchase orders from Kuber of 10 Megawatts of CN’s AEM Electrolysers for multi-Megawatt capacity projects to be secured by Kuber in Ghana and Nigeria.

Further Collaborations in Africa
The MOU also proposes the collaboration between Kuber and Cipher Neutron for rapidly advancing the large multi-Megawatt hydrogen projects secured by Kuber in Africa with leading state-of-the-art AEM Hydrogen Electrolysers supplied by Cipher Neutron for industrial applications, clean energy storage and power energy generation required by Kuber and its clients.