ODESSA, FL, April 05, 2018 (GLOBE NEWSWIRE) -- Dais Analytic Corporation (OTCQB: DLYT) is pleased to announce it delivered its first order in a multi-year contract with The Haier Group, of Qingdao, China. Haier is the world’s largest producer of major appliances, with over 10% of global market share.
Dais’s proprietary nanotechnology product is being incorporated into one product in Haier’s refrigeration line.
Currently under production, Haier is beginning to incorporate Dais’s proprietary technology into fourteen million plus refrigeration units this year. Through this exclusive partnership, Dais will supply the industry with a revolutionary technology to lower food spoilage.
This multi-year exclusive contract between Dais and Haier is the culmination of 18 months of cooperation.
Dais is expecting to achieve over US$1.5 million in 2018 revenue based on the terms of the contract.
The Haier/Dais team continues to work closely on additional product applications of Dais’s technology. Additional commercial agreements are expected in 2018.
About the Haier Group
According to Euromonitor, a world leader in strategy research for consumer markets, Haier is the world’s leading home appliances and consumer electronics brand once again in 2017.
This accolade has been secured by Haier for the 8th consecutive year since 2009, strengthening the company’s foothold further and giving it the recognition as the largest home appliances globally by market share.
The data released by Euromonitor shows that volume sales of Haier in major household electrical appliances in 2016 accounted for 10.3% of the global market. Its global revenue increased 20 percent year-on-year to 241.9 billion yuan ($37.2 billion) in 2017 thanks to its expanding share in the high-end market.
In January 2016, the Haier Group acquired General Electric’s appliance division for $5.4 billion.
Through its ten brand name subsidiaries Haier manufactures and distributes a growing number of commercial products in the HVAC and refrigeration markets, and most all forms of home appliances, such as refrigerators to washers, freezers, and color TV sets; and consumer electric appliances and integrated kitchenware, including cabinets for drinks, air conditioners, washing machines, water heaters, electric kitchenware (exhaust fans, cooking utensils, sterilizing cabinets, baking ovens, steamers, microwave ovens and dishwashers, etc.), small scale electrical household appliances (coffee machines, toasters, blenders/juicers/hand-mixers, cup warmers and electric water heaters, etc.), televisions and integrated kitchen cabinets, etc. It also offers advertising, including over-door printing and outdoor advertising for dealers; builds production equipment; and specializes in outdoor and indoor cooking products. It serves customers worldwide.
The Company’s Mission is to create innovative home appliances that anticipate the fast-changing needs of consumers all around the world.
Euromonitor is an independent and leading global provider of business intelligence on industries, countries, companies and consumer.
Its global headquarters are based in the Chinese city of Qingdao and it also has regional headquarters in both Paris and New York to serve its clients in Europe and America. Haier has 5 R&D centers, 66 trading companies and 21 industrial parks worldwide.
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;
- NanoAir™, a water-based, non-fluorocarbon refrigerant cooling cycle in early beta-stage testing which can replace the existing gas-based compression cooling cycle 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.
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 future revenues and the Company’s ability to fund its operations and contractual obligations are forward looking and subject to risks. Several 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.