(TSX:DNK)
Dynetek manufactured advanced lightweight fuel storage systems for compressed natural gas (CNG) for low emission CNG vehicles and compressed hydrogen for zero emission hydrogen fuel cell vehicles. The Dynetek advanced fuel storage system was designed with a proprietary seamless thin-wall aluminum liner and a full carbon fiber over wrap. The company was an industry leader in high-pressure fuel storage and had key relationships with major OEMs in the transportation industry including Ford, DaimlerChrysler and Nissan.
The StoneBridge group became involved in Dynetek in February 2000 with a mandate to prepare, direct and assist the company with a number of key business issues including senior management recruitment, the company’s $7.65 Million private placement with strategic and institutional investors which was completed in August 2000 and the company’s $40 Million initial public offering and public listing on the TSE in September 2000. The company experienced a high degree of change and evolution.
Michael Lang served as a Director of the corporation and was a member of the audit and compensation committees until 2007. Gary Lang was the lead from the StoneBridge group working with management until 2004.
