Welcome!

News Feed Item

Dais Analytic Corporation Initiates the Formation of a China Company and Raises Growth Capital

Dais Analytic Corporation Today Announced It Has Entered Into an Agreement to Form a Company in China With an Industrial Partner Having Existing Manufacturing and Distribution Access to Build and More Widely Promote Its Aqualyte(TM) Nanomaterial Products

TAMPA, FL -- (Marketwired) -- 01/27/14 -- Dais Analytic Corporation (OTCBB: DLYT) (OTCQB: DLYT), a nanotechnology materials and process company -- focused on commercializing its technology in the worldwide energy and water markets -- proudly announces a two-part transaction following its gains of establishing distribution in China in 2013. This long-term venture with an industrial entity in China is projected to have a positive impact on the current year's financial results. The venture's first year revenues are anticipated to be greater than $7M (USD) as it continues a 'go to market' strategy for its ConsERV™ and NanoClear™ nanotechnology materials based applications. Among the highlights of the agreement are:

  • Dais and SOEX (Hong Kong) Industry & Investment Co., Ltd., (an affiliated company of SOEX-Beijing) have signed an agreement where Dais sells 37.5 million shares of the Company's common stock in exchange for $1.5 million of growth capital, at $0.04 per share. Full payment to Dais is to occur on or before March 3, 2014. The Company has received the initial payment of approximately $50,000.

  • SOEX, as part of the equity purchase, entered into a voting agreement with Dais which finds SOEX agreeing to vote as recommended by the Dais's board of directors for a one-year period beginning on the date the shares are issued to SOEX.

  • Dais plans to use the proceeds from the sale of the Common Stock for working capital, business development in other targeted areas, general business purposes, and to pay its portion of the $160,000 of the registered capital required to set-up the China venture (tentatively named 'Dais-SOEX') in which Dais is projected to hold 65% ownership.

  • Dais-SOEX is being incorporated in China with SOEX providing the projected funding of approximately $4M. This sum is to be used by Dais-SOEX, at a minimum, to pay up-front licensing and distribution fees to Dais, retain and compensate Dais-SOEX employees and consultants, provide the required facilities and infrastructure to manufacture, sell, and create brand awareness for the ConsERV product and Aqualyte™ materials for cleaning contaminated water to existing Dais and SOEX distributors while adding newer distribution channels as needed through-out greater China. Aqualyte materials have been demonstrated to separate most forms of contaminants from water (industrial waste, high salinity, heavy metals, pharmaceuticals, etc.) to a 'near parts per billion' level removing 90% plus of all contaminants on the initial pass.

  • Dais and SOEX shall complete the negotiations of a master distributor agreement with a SOEX-designated entity, and a license and supply agreement for Dais-SOEX inside the next two months for the purchase and sale of ConsERV and Aqualyte materials for ventilation air, and clean water applications. The Parties have agreed these documents will contain normal commercial terms and conditions (including sales minimums and uses of intellectual property). The SOEX designated entity will built ConsERV cores and systems in China for sale to customers in Greater China.

"Our team has been seeking a disruptive technology able to move sustainability products to new levels which can use SOEX's manufacturing and distribution channels. Combining the demonstrated strengths of Dais's nanomaterial and its strong team with the in-place quality manufacturing, distribution assets and team at SOEX, and of SOEX's China market contacts we are creating a winning combination for China's environment, and for our companies in the important area of cleaner air and water," said Sharon Han, CEO of SOEX-Beijing.

Tim Tangredi, CEO of Dais, commented, "The Dais team has a solid, experienced partner in SOEX. They possess top-notch and time tested quality manufacturing experience, have deep channel presence, have demonstrated success in branding their products, and have eager willingness to work closely with Dais' existing in-country distributors. Our technologies will have a professional in-country presence keenly important to promoting growth given the subtleties of doing business in China and the burgeoning markets we are targeting. The design of the Dais-SOEX entity is projected to provide long term sales and revenue growth for Dais by selling it our proven Aqualyte nanomaterial, having in-country manufacturing and sales support, and having access to the skills and contacts of the SOEX team. We are truly delighted with this growth opportunity."

About SOEX-Beijing

SOEX-Beijing's earliest incorporation was in 1996 with its first company. Its Panelwell construction materials business is now an industry leader in hollow profile 'Penelwell' 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-Beijing sells its products and services in the Chinese markets as well as key international markets. Behind the success of Penelwell is SOEX's many years of machine designing and manufacturing experience.

About Dais Analytic Corporation

Dais Analytic Corporation (OTCBB: DLYT) (News http://finance.yahoo.com/q/h?s=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 commercial 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 saving energy, lessening CO2 emissions, and allowing for HVAC equipment downsizing;

  • NanoClear™, a beta-stage method for treating contaminated water (sea, waste, industrial) to provide 1,000 times cleaner potable water; and;

  • NanoAir™, an early beta-stage water-based cooling cycle using no fluorocarbon refrigerants that replaces the existing vapor compression cooling cycle in most forms of air-conditioning and refrigeration, saving a projected 50% in energy and CO2, and;

  • NanoCap™, a prototype stage energy storage device which holds promise to use the Aqualyte™ family to form a disruptive non-chemical energy-storage device (an ultra capacitor) for use in transportation, renewable energy, and 'smart grid' configurations.

Each use demonstrates the diversity of Dais' core product -- Aqualyte™ -- a 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.

Dais Analytic Corporation
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.