Dais Analytic Corporation (OTCBB: DLYT) (OTCQB: DLYT), an advanced materials company focused on commercializing its technology in the worldwide energy and water markets, has entered into a definitive agreement with SoEX (Hong Kong) Industry & Investment Co. to create a PRC company, owned by both parties, to build and sell Dais's ConsERV™ High Efficiency Energy Recovery Ventilator (ERV) into the greater China market as well as select use of the Company's Aqualyte™ nanomaterial to clean up contaminated water.
The joint venture will buy Dais's Aqualyte nanomaterial and other products from Dais to form the energy recovery ventilation products to capitalize on the success of the ConsERV product in North America and key installations in the Beijing area of China. The joint venture will also develop select contaminated water cleaning projects based on Dais's pilot water cleaning system located in Pasco County, Florida. The Distribution Agreement requires the joint venture to make payments to Dais for products that must exceed $15,000,000 in 2016 and every year thereafter and pay royalties to Dais.
SoEX Hong Kong has an established manufacturing and distribution network that is being educated and grown to sell the ConsERV product into a targeted number of commercial and consumer uses. At the same time members of the SoEX Hong Kong manufacturing supply chain are ramping up to build the ConsERV product with the Aqualyte materials and continued innovations provided by Dais from the United States.
The ConsERV application addresses one key PM2.5 parameter (need for ventilation air) and is easily configurable to work with commercially available PM2.5 filtration products (the second component of effective PM2.5 management) as it manages the heat and moisture content of a building's ventilation air demonstrably saving the end-user energy, lowering the creation of environment damaging CO2, allowing for the use of smaller sized overall HVAC equipment saving capital costs, and the ability to use ERV's in areas where air-stream leakage is prohibitive such as in health care facilities, or schools. Each of these benefits is directly linked to the special attributes of Dais's Aqualyte nanomaterial composite membrane.
Sharon Han, President and CEO of SoEX Hong Kong said at a recent industry event in Shanghai, "The attributes of both companies and the strong relationship we have developed with the Dais team will bring product innovation to China's environmentally sensitive challenges by reducing energy usage, lowering CO2 output while providing for greater end-user satisfaction. We have the components, the people, and the skills to build a large, strong company around the Dais technology yielding sustainable revenues while assisting the people of China in areas of concern. In our recent meetings with possible OEMs, design centers, key end-users, and our distributors people are excited to see the value we can bring to address key energy, water, and environmental challenges."
The joint venture will selectively use the Aqualyte material for in-country pilot scale industrial wastewater applications in the coming months with wider spread use after completion of the targeted pilot installations. Aqualyte has consistently shown the ability to separate contaminants hard to remove by today's existing waste water technology achieving nearly 'parts per billion' clean product water with little or no fouling of the important membrane component. Aqualyte works by using key attributes of the material's structure to clean waterborne contaminants found in a variety of waste water streams including heavy metals, salt, arsenic, pharmaceuticals, viruses, biota, etc.
"The Dais team has found in SoEX a strong partner having a strong management team with a 20+ year track record, quality oriented manufacturing abilities, and flexible distribution skills -- all of which we believe are a great match for the innovations provided by Dais's family of nanomaterial and processes which focus on key areas of concern in China: clean air, energy efficiency, and cleaning contaminated water," said Tim Tangredi, President and CEO of Dais.
About SoEX (Hong Kong) Industry & Investment Co.
SoEX' earliest incorporation was in 1996 with its first company. Its Panelwell construction materials business is now an industry leader in hollow profile 'Panelwell' line of materials built around a variety of high quality plastics notably polycarbonates. Its distribution access is strong within China including long-term relationships with key Chinese design institutes. SoEX sells its products and services in the Chinese markets as well as key international markets. Behind the success of Panelwell is SoEX's many years of machine designing and manufacturing experience.
About Dais Analytic Corporation
Dais Analytic Corporation (OTCBB: DLYT) (OTCQB: DLYT) is commercializing its innovative Aqualyte™ family of nano-structured materials and processes focusing on evolutionary or disruptive air, energy and water applications. The uses include:
- ConsERV™, a commercially available engineered energy recovery ventilator (an HVAC product) useful for efficient management of ventilation air's temperature and moisture content using the energy found in the outgoing 'stale' air stream to pre-condition the incoming fresh air often saving energy, CO2, and allowing for equipment downsizing;
- NanoAir™, an early beta-stage water-based, no fluorocarbon producing refrigerant cooling cycle useful to replace the existing gas based compression cooling cycle in most all forms of air-conditioning and refrigeration saving a projected 50% in energy and CO2;
- NanoClear™, an early beta-stage method for treating contaminated water (sea, waste, industrial) to provide 1,000 times cleaner potable water; and;
- NanoCAP™, which holds promise to use the Aqualyte™ family to form a disruptive non-chemical energy-storage device (an ultra-capacitor) when completed for use in transportation, renewable energy, and 'smart grid' configurations.
Each use demonstrates the diversity of Dais' core product -- Aqualyte™ -- the family of nano-structured polymers and engineered processes having a focus on minimizing consumption of irreplaceable natural resources, and ending the degradation of our environment. To find out more about Dais please visit www.daisanalytic.com, and to learn more about ConsERV please visit www.conserv.com.
Safe Harbor Statement
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. For example, statements about the future sales volume are forward looking and subject to risks. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, risks outlined in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
SOURCE: Dais Analytic Corporation