Dalrada Corporation Appoints Heather McMahon to the Dalrada Clean Energy Advisory Board

Rhea-AI Summary

Dalrada Financial Corporation (DFCO) announced the appointment of Heather McMahon to its Clean Energy Advisory Board as part of its strategy to enhance cybersecurity within the Power and Utilities sector. With over two decades of experience, McMahon is expected to provide valuable insights on safeguarding energy infrastructure against cyber threats. CEO Brian Bonar emphasized the importance of cybersecurity for the firm's clean energy initiatives and ESG clients, highlighting the sector's vulnerability and the growing sophistication of cyber threats. Dalrada continues to innovate in clean energy and technology.

Positive

• Appointment of Heather McMahon to enhance cybersecurity in clean energy initiatives.
• Experience of McMahon adds significant value to Dalrada's strategy.

Negative

• Rising cybersecurity vulnerabilities in the Power and Utilities sector present ongoing risks.

SAN DIEGO--(BUSINESS WIRE)-- In response to rising cybersecurity vulnerabilities within the Power and Utilities (P&U) sector, Dalrada Financial Corporation (OTCQB: DFCO, "Dalrada Corporation,” Dalrada") – an innovator in clean energy, healthcare, and technology – announced today the appointment of cyber intelligence industry expert, Heather McMahon, to its Clean Energy Advisory Board.

Heather McMahon Joins Dalrada's Clean Energy Advisory Board. (Photo: Business Wire)

Ensuring data security is paramount to the ongoing success of clean energy technology, and preventing cyber-attacks on energy infrastructure can eliminate industry breaches and shut-downs before they become national, regional, and local emergencies.

Now, more than half (53%) of P&U cybersecurity leaders are concerned about the ability to manage threats, as the sector presents an attractive target due to its societal impact. Across all sectors of the energy industry, companies today are faced with more extensive and sophisticated threats, including weak links in supply chains and increased vulnerability with the ongoing adoption of digital transformation initiatives. (Source: EY Global Information Security Survey)

Brian Bonar, Chairman and CEO of Dalrada states, “Protecting energy infrastructure from cybersecurity threats is a vital component of ESG, as integrating disruptive clean energy technologies adds to network complexity. For this reason, Dalrada welcomes Heather McMahon to the Clean Energy Advisory Board. Her expert guidance provides tremendous value to Dalrada, its clean energy initiatives, and its ESG clients.”

Ms. McMahon’s experience spans more than two decades of directing the U.S. Department of Defense’s national security and counterintelligence efforts across multi-billion-dollar programs with more than 4.5 million personnel worldwide. Currently serving as the Professor of Practice and Deputy Executive Director at UMD Applied Research Lab for Intelligence & Security, Ms. McMahon previously held the position of Senior Director of the U.S. President's Intelligence Advisory Board.

Dalrada's agility allows it to respond immediately to demands for advanced ESG resources and safer alternative products and services that provide significant value and benefit. The Company continuously creates innovative, impactful solutions to address the complex challenges of today and the future. To learn more about Dalrada Corporation, please visit www.Dalrada.com.

About Dalrada (DFCO)

Dalrada Corporation drives innovation that positively impacts people, businesses, and the planet. With subsidiaries that are firmly positioned in the world's top three-growing industries of healthcare, clean energy, and technology, Dalrada creates solutions that are sustainable, affordable, and accessible.

The company works continually to produce disruptive products and services that accelerate positive change for current and future generations. Dalrada's global solutions directly address climate change, post-pandemic gaps in the healthcare industry, and technology solutions for a new era of human behavior and interaction, ensuring a bright future for the world around us.

Established in 1982, Dalrada has since grown its footprint to include the unique business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Please visit www.dalrada.com and follow us on Twitter, Facebook, and LinkedIn for more information.

Disclaimer

Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the US Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220818005171/en/

Michael Eslinger

meslinger@dalrada.com

Source: Dalrada Financial Corporation

FAQ

What is the significance of Heather McMahon's appointment at Dalrada Financial Corporation?

Heather McMahon's appointment is aimed at strengthening cybersecurity measures within Dalrada's clean energy initiatives.

How does Dalrada Financial Corporation address cybersecurity threats?

Dalrada is enhancing its cybersecurity capabilities by integrating expert guidance into its Clean Energy Advisory Board.

What are the current challenges in cybersecurity for the Power and Utilities sector?

The sector faces rising cybersecurity vulnerabilities, with many leaders concerned about managing sophisticated cyber threats.

What experience does Heather McMahon bring to Dalrada as a board member?

McMahon brings over 20 years of experience in national security and counterintelligence from her previous roles in the U.S. Department of Defense.

What role does cybersecurity play in Dalrada Financial Corporation's ESG strategy?

Cybersecurity is vital for protecting energy infrastructure and is a key component of Dalrada's Environmental, Social, and Governance (ESG) strategy.