SAGE Technology Investment Co., Limited and JHSE Technology Investment Company announced the equity investment in Dais Analytic Corporation, 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.