Ground Breaking Product Innovation in HVAC, Update on First Agreement
ODESSA, FL, Sept. 06, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Dais Analytic Corporation (OTCQB: DLYT), a commercial nanotechnology materials business selling its industry-changing nanomaterial technology into the worldwide water, air and energy markets, announced it entered into a second definitive two-part, license agreement with the Haier Group of Qingdao, China for a new product for Haier’s HVAC cooling systems.
The new product is anticipated to have a significant revenue impact for Dais, projected to be $73 million or more annually when successfully field tested and fully deployed. Revenues for Dais could begin as early as the last quarter of 2019. The product is an innovative PolyCool™ condensing unit being incorporated into a commercial Haier cooling line that is planned to be deployed into Haier’s Greater China sales and distribution channels.
This novel condensing unit functions using the features set of Dais’s disruptive Aqualyte™ nanomaterial. Aqualyte is used to efficiently remove heat from the Haier HVAC’s cooling system resulting in capital and operating cost savings, and lower CO2 emissions.
In July of 2017, Dais first entered into a multi-year, exclusive license agreement with the Haier Group to provide its Aqualyte nanomaterials for use in select refrigeration products. This first agreement has already generated increasing quarterly revenue for Dais and should continue to expand with full roll‑out expected by mid-2019. Dais projects this first agreement alone for refrigeration products should ultimately generate over $10 million in annual revenues.
Haier’s use of Dais’s Aqualyte material follows a growing world-wide trend reported byMarket Insight Reports (July 18, 2018) that states global adoption of mature nanotechnology materials continues to grow and is on track to reach $90.5 billion by 2021 from $39.2 billion in 2016 at a compound annual growth rate (CAGR) of 18.2%, from 2016 to 2021. Dais was listed as one of the companies by Market Insight Reports along with BASF, Bayer AG, Dow Chemical, and others.
The PolyCool condensing unit replaces energy consuming, breakable components in today’s products, matching Haier’s market place needs for vastly improved environmentally friendly HVAC products with higher efficiencies, improved functionality and lifetime, and offering higher end-user value. The functionality offered by this innovative new product addresses the burgeoning China HVAC market’s need for products having better efficiencies at lower operating costs addressing China’s vexing environmental challenges.
“There is a real and growing demand world-wide for energy efficient and environmentally friendly technologies which Dais and Aqualyte offer,” said Tim Tangredi, Dais’s CEO. “The Haier Group’s vision, and broad array of technical expertise, manufacturing, distribution and supply chain capabilities will surely continue the adoption of Aqualyte-based new product solutions beyond the current the existing refrigeration product and the developing HVAC application. Dais and Haier’s continued collaboration demonstrate each is a true leader in the use of advanced materials fulfilling world-wide advanced market needs.”
About Haier Group Corporation
Haier Group Corporation is a collective multinational consumer electronics and home appliances company headquartered in Qingdao, China. It designs, develops, manufactures and sells products world-wide including air conditioners, mobile phones, computers, microwave ovens, washing machines, refrigerators, and televisions. According to data released by Euromonitor, in 2014 the Haier brand had the world's largest market share in white goods, with 10.2 per cent retail volume market share. This was the 6th consecutive year in which Haier had been the market share leader for major appliances. In 2012, Haier Group bought the New Zealand appliance manufacturing company Fisher & Paykel, and in January 2016, the Haier Group acquired General Electric's appliance division for $5.4 billion.
About Dais Analytic Corporation
Dais Analytic Corporation (OTCQB: DLYT) is a nanotechnology business producing a versatile family of membrane materials -- called Aqualyte™ -- focusing on evolutionary or disruptive air, energy and water applications. The uses include:
- NanoClear™, a commercialized system treating contaminated industrial waste water providing ultra-pure potable water with higher system efficiencies at equal or better capital and operating costs than other technologies.
- ConsERV™, a commercially available engineered energy recovery ventilator that uses stale air being exhausted to precondition the temperature and moisture content of the incoming fresh ventilation air, typically saving energy, reducing CO2 emissions, and allowing for equipment downsizing;
- PolyCool™, an Aqualyte™-based next generation evaporative cooling technology that is nearing full commercialization. PolyCool™ reduces energy usage, maintenance, and operating costs of cooling towers and evaporative condensers for HVAC, industrial processes, and power generation applications. The Aqualyte™ membrane prevents release of dangerous microbes such as Legionella from evaporative cooling systems, opening new markets that have traditionally been sensitive to liability and maintenance concerns, such as smaller air-cooled HVAC systems. The proven fouling resistance of Aqualyte membranes allow the use of concentrated wastewater in evaporative cooling, making PolyCool a viable method of waste disposal at the same time it provides cooling.
- NanoAir™, a water-based cooling cycle with no fluorocarbon refrigerants that is in early beta-stage testing which can replace existing vapor compression cooling cycles in most forms of air-conditioning and refrigeration, saving a projected 50% in energy and CO2.
Each use demonstrates the diversity of Dais' core product, Aqualyte™, a family of nanostructured polymers and engineered processes focused 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.