BEIJING, CHINA - (NewMediaWire) - March 25, 2015 -
SAGE Technology Investment Co., Limited and JHSE Technology
Investment Company announced the equity investment in Dais Analytic
Corporation (OTCQB: DLYT), the creation of Dais (Beijing) New
Energy Technology Co., Ltd (majority to be owned by Dais) and a
$60M contract commitment to seed the acceleration of growth of
Dais' nanotechnology materials-based products in Greater China.
Dais Analytic is a US-based commercial nanotechnology materials and
process company selling its technology in the worldwide energy and
water markets.
"Our initial $5.75M investment is intended to take advantage of
this upswing in market driven interest from China in the advancing
pipeline of products coming from Dais' technologies," said Ms.
Lixia Wang, Director of SAGE Technology Investment Co., Limited.
"Our team, comprised of investors who also are experts in the
targeted industries, are pleased with Dais' maturing technology and
creative executive team."
China is facing large challenges in the air, water and energy
storage arenas that require new and innovative solutions. As a
result of these unprecedented market needs, China has established
itself as the world leader in implementing new technologies to
address challenges regarding sustainability. While other parts of
the world are risk averse to deploying new technologies in these
areas, the Chinese market, under the leadership of China's new
government, provides support for emerging technologies needed to
meet these needs. Dais' nanomaterial and engineering processes
offer proven disruptive products possessing higher end-user value
proposition in key areas such as energy efficiency, and lower CO2
emissions or hazardous effluent discharges.
SAGE and its partners studied products from various global
companies in order to address solutions to China's challenges,
before deciding upon Dais' powerhouse technology platform. These
products, coupled with an expert team, represent the capability of
becoming a strong channel player in China, in South East Asia, and
worldwide.
"The $60M 'take or pay' agreement -- part of the investment --
is just one of many opportunities SAGE and JHSE will work on with
Dais," said Richard Zhang, Chief Operating Officer of Dais
(Beijing). "While ConsERV energy recovery ventilator sales continue
to grow, the first water product is being incorporated into a
state-of-the-art contaminated water separation pilot facility,
under construction in the Beijing area and targeted to be on-line
this coming summer. We are experiencing strong interest from
China's key environmental water cleanup industry firms for this
exciting new product. The continued development of Dais' disruptive
air-conditioning system, strongly supported by the US Department of
Energy, has generated high levels of interest from developers and
HVAC OEMs. The ability to store energy is exciting to the entire
renewables industry and, even at an early development stage, is
already being incorporated into forward thinking engineers of
second generation solar and wind projects."
Ms. Lixia Wang concluded, "We support Dais, its technology, and
its team for the long-term future. We expect strong financial
returns from a company capable of growing to a RMB 1 billion within
five years, and look forward to providing a positive impact on
Chinese lives in the decades to come."
About Hong Kong SAGE Technology Investment Co.,
Ltd.
SAGE focuses on financial capital, environmental protection and
new energy sector. With rich resources and capital, it aims to
invest in green-tech companies by equity investment and fund
management, and to offer strong financial support for companies and
R&D Institutions in the environmental protection and energy
saving industry. Since the establishment of SAGE, the investment
area covers new materials, new energy, energy-saving technology and
others. SAGE is dedicated to drive the global environmental
protection and new energy business.
About Hong Kong JHSE Technology Investment Co.,
Ltd.
Founded in Hong Kong, JHSE is an investment and financing firm
with main areas of clean technology and energy conservation. JHSE
has a strong investment team, covers securities investment, PE
investment and other areas. With excellent performance, JHSE
maintained a stable growth of revenue and management assets.
About Dais Analytic Corporation
Dais Analytic Corporation (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;
NanoClear™, an early beta-stage method for treating contaminated
water (sea, waste, industrial) to provide 1,000 times cleaner
potable water;
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;
NanoCAP™, a prototype stage use of the Aqualyte™ family has shown
itself to be a disruptive non-chemical energy-storage device which
when completed will be useful in extending the value in renewable
energy installations, transportation, consumer product uses, 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.
Source: Dais (Beijing) New Energy Technology Co., Ltd.