Dalrada Corporation Appoints Nick Gordon to Board of Directors

Rhea-AI Summary

Dalrada Corporation (OTCQB: DFCO) has announced the appointment of Nick Gordon to its Board of Directors. Gordon, with extensive experience in real estate investments, will enhance Dalrada's market presence in clean energy and the hospitality sector. His background includes co-founding several companies and a strong track record with leading firms. Dalrada aims to leverage his expertise to implement Environmental, Sustainability, and Governance (ESG) compliance, boosting property values and driving cost savings through innovative technologies like the Likido®ONE heat pump.

Positive

• Appointment of Nick Gordon strengthens board expertise in real estate and clean energy.
• Gordon's experience expected to enhance Dalrada's ESG initiatives and market reach.
• Likido®ONE technology promises significant cost savings and energy efficiencies.

Negative

• None.

SAN DIEGO--(BUSINESS WIRE)-- Dalrada Corporation (OTCQB: DFCO, "Dalrada"), an innovator in clean energy, healthcare, and technology, is pleased to announce the appointment of Nick Gordon to the Company's Board of Directors. Mr. Gordon, Senior Vice President of Institutional Investments at Millennium Commercial Properties, brings to Dalrada vast expertise in real estate investments trusts (REITs), real estate development, and capital growth.

"Nick's deep knowledge of the real estate and commercial business sectors greatly increases Dalrada's ability to expand our footprint in numerous market verticals, including clean energy adoption by the hospitality industry and commercial property sector. I'm excited to work with Nick, and I welcome him to our Board of Directors," said Dalrada's Chairman and CEO, Brian Bonar.

Mr. Gordon co-founded the real estate development and overseas trading companies Empire Commercial and Empire Trading International. He previously held positions as Managing Director of Forstmann & Co. and co-founded numerous companies, including Global Trust Group, a boutique private equity firm, and AMP Medical products. During his nearly 20-year career in sales and management, he has received numerous awards working for multi-billion-dollar companies like Eli Lilly, Medicis, Johnson & Johnson, and Mallinckrodt.

Tom Giles, President of Dalrada Energy Services, states, "Mr. Gordon's background with global REITs and property development enhances the benefits of implementing Environmental, Sustainability, and Governance (ESG) compliance through Dalrada's initiatives. His unique industry knowledge facilitates increased property values through Dalrada Energy Services' ESG offerings, as the Company enables substantial clean energy cost-savings across multiple industries."

While reduced dependence on CO₂-producing fossil fuels occurs worldwide across multiple industries, Mr. Gordon's broad experience in the domestic and global petroleum markets, coupled with the introduction of new technology platforms, is a valuable asset to Dalrada Energy Services.

Dalrada Energy Services' (DES) comprehensive ESG compliance offerings include Dalrada's proprietary Likido®ONE heat pump technology powered by either sustainable or renewable energy sources. Likido® heat pumps boost energy efficiencies seven times more than traditional heat pumps and boilers and deliver as much as 75% cost savings over traditional fossil fuel sources.

In addition, DES' end-to-end ESG solutions upgrade existing properties or design new properties without capital outlay, leverage tax credits, significantly increase property values, and create new revenue streams that include carbon credits. These results enable property owners to achieve substantial cost savings and actualize new growth opportunities while "going green" through the adoption of ESG compliance.

Dalrada 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 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. For more information, please visit www.dalrada.com.

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/20220420005418/en/

Denise Mahaffey

858.283.1253

inquiries@dalrada.com

Source: Dalrada Corporation

FAQ

What does Nick Gordon bring to Dalrada Corporation?

Nick Gordon brings extensive experience in real estate investments, which will help expand Dalrada's market presence in clean energy and hospitality.

How will Nick Gordon’s appointment impact Dalrada's future?

His expertise in ESG compliance and real estate is expected to boost property values and cost savings for Dalrada.

What is Likido®ONE technology offered by Dalrada?

Likido®ONE is a heat pump technology that increases energy efficiencies and can provide up to 75% savings compared to traditional fossil fuel sources.

What are the key initiatives Dalrada is focusing on?

Dalrada is focusing on clean energy adoption, ESG compliance, and innovative technology solutions to drive sustainability.