Dynamic Applications Starts Negotiations for Carbon Credit Deal in China
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NEWARK, Del.--(Business Wire)--
Dynamic Applications Corp. ("Dynamic" or the "Company") (OTC:DYAP) announced
today that it has started initial negotiation discussions with coal mines in
China for the purpose of tailoring a carbon credit deal.
Dynamic's announcement comes following its recent statement to enter the carbon
credit market.
Coal mines can be a major participant in the carbon credit market. Coal mines
release methane to the atmosphere. Therefore, coal mine emissions of methane can
be used to generate carbon credits. Methane is a greenhouse gas with a global
warming potential generally of 21 times that of carbon dioxide. Namely, the
greenhouse effect of one ton of methane is considered to be equivalent to 21
tons of carbon dioxide. One ton of captured carbon dioxide is equal to one
carbon credit unit which can be traded through various trading platforms in the
carbon credit market.
Dynamic's initiative in the carbon credit market in China coincides with its
previous statements regarding taking part in this fast evolving market and the
great opportunities it provides.
About Dynamic
Dynamic focuses its activities in the clean tech sector and, among other
initiatives, is investigating the market potential for kenaf. Kenaf is a
fast-growing crop that, traditionally, has been used as a raw material for the
production of ropes, bags and similar products. But, in recent years has been
used in a wide range of new industrial applications, including the production of
paper, bioplastics and environmentally friendly materials used in automobiles by
manufacturers such as Toyota. Moreover, it has been integrated into the product
lines of electronics companies such as NEC, Panasonic and others.
Researchers have suggested that kenaf may offer a broad range of environmental
advantages, including the extraordinary capacity to absorb and store huge
quantities of carbon dioxide, the gas most associated with the adverse effects
of global warming. Accordingly, the appropriate use of kenaf might provide a
substantial means of coping with global warming.
Currently, the Company is conducting a thorough survey of the kenaf market in
China, which is the world's largest producer and the base for several major
manufacturers incorporating Kenaf into their products.
In addition the Company has started a new activity in the carbon credit market.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of The
Private Securities Litigation Reform Act of 1995 with respect to the business,
financial condition and results of operations of the Company. The words
"believe," "expect," "intend," "plan," "should" and similar expressions are
intended to identify forward-looking statements. Such statements reflect the
current views, assumptions and expectations of the Company with respect to
future events and are subject to risks and uncertainties. Many factors could
cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements that
may be expressed or implied by such forward-looking statements, including, among
others, changes in the markets in which the Company operates and in general
economic and business conditions, competitive pressures, market acceptance of
new products, inability to meet efficiency and cost reduction objectives,
changes in business strategy, legal, regulatory and government administrative
approvals and processes and various other factors, both referenced and not
referenced in this press release, and any such factors could affect the
Company's operations, including its operations with respect to activities with
the kenaf crop and carbon credit markets. Risks and uncertainties affecting the
Company and its results of operations are also described in reports filed by the
Company with the Securities and Exchange Commission from time to time. The
Company does not assume any obligation to update these forward-looking
statements.
Dynamic Applications Corp.
Mr Ori Goore, CEO, 972 (0) 506335800
dynamicapplicationscorp@gmail.com
or
PR Office:
Financial Communication
Mr. Noam Yellin, 972 (0) 544246720
Copyright Business Wire 2009
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