Dalrada Energy Services Partners With imagineeer to Incubate Web3 Foundation and Future Metaverse Solutions

Rhea-AI Summary

Dalrada Corporation (DFCO) has announced a partnership with Virginia-based Web3 firm imagineeer, aimed at developing a Web3 foundation and protocol for a metaverse solution. This collaboration targets technology, healthcare, and clean energy markets, promoting user control over data in a decentralized ecosystem. Dalrada's CEO, Brian Bonar, emphasizes that this innovative approach can create new revenue streams while engaging customers. The focus is on sustainable solutions, particularly through Dalrada Energy Services’ high-temperature heat pump technology, which significantly reduces greenhouse gas emissions.

Positive

• Partnership with imagineeer enhances Dalrada's offerings in Web3 and metaverse solutions.
• Focus on sustainable energy solutions, including high-temperature heat pump technology, which can reduce energy consumption by up to 75%.
• Potential for new revenue streams through innovative Web3 strategies.

Negative

• None.

SAN DIEGO--(BUSINESS WIRE)-- Furthering its capabilities as a leader in technology, sustainable energy, and healthcare solutions, Dalrada Corporation (OTCQB: DFCO, "Dalrada") announces a partnership with imagineeer, a Virginia-based Web3 solutions company. Together, Dalrada and imagineeer are developing a Web3 foundation and protocol, enabling a metaverse solution for its customers in the technology, healthcare, and clean energy market verticals.

Web3 is next-generation internet based on a decentralized ecosystem that enhances privacy while increasing customer trust and loyalty. In this system, end users control what data they share, including digital identities.

In the Web 2.0 environment, companies own end-user data. However, the opposite is true in a Web3 environment that empowers end users, allowing them to remain anonymous or providing them the ability to sell their data.

Dalrada's Chairman and CEO, Brian Bonar, states, "Taking an innovative and secure Web3 approach to engaging end users permits Dalrada to create new revenue streams for its clients, allowing them to disintermediate their business activities and directly empower their customers."

Web3 operates on a transparent and secure blockchain platform, ensuring the safety and ownership of brand and platform user data, unlike today's Web 2.0.

Jose L. Arrieta, Founder of imagineeer and the former Chief Information Officer of the U.S. Department of Health and Human Services, states, "This model offers Web3 and metaverse solutions to Dalrada's customers, establishing a modern and highly-impactful way to disrupt multiple industry verticals simultaneously."

The metaverse is an immersive experience of augmented, virtual, and mixed reality that combines the traditional web, mobile, email, and social engagements with natural experiences such as in-store shopping, call centers, chat, and voice-to-text technologies.

Bonar continues, "Dalrada's focus is creating impactful solutions in technology, clean energy, and health markets. Enabling a metaverse solution creates value and rewards behaviors across each of these markets for lowering greenhouse gas emissions, empowering healthcare patients, and much more."

Dalrada Energy Services leads with disruptive advanced technology solutions as an alternative to greenhouse gas-producing energy sources that contain fossil fuels to reduce time and expense to market. These innovative resources enable institutions, industries, businesses, and government agencies to implement long-term clean energy and Net Zero sustainability initiatives by or before 2050.

For example, in the hotel and lodging industry, Dalrada's Likido^® clean energy high-temperature heat pump technology uniquely reduces greenhouse emissions. It enables the choice of alternative sustainable and renewable energy sources of power as it provides heating and cooling without the need for combustion or the burning of fossil fuels, reducing energy consumption by up to 75%.

Environmental stewardship is a choice. Empowering consumers and organizations to receive value from sustainability-focused decisions will positively reduce carbon emissions; DES and imagineeer's partnership creates a modern secure ecosystem that enables this outcome.

Tom Giles, President of Dalrada Energy Services, adds, "We are ushering in a new era of sustainable outcomes by combining modern cutting-edge heat pump solutions and information technology, allowing individuals to benefit and receive rewards for making decisions that drive sustainability goals."

Dalrada continuously creates innovative, impactful solutions to address the complex challenges of today and the future. For more information about Dalrada Energy Services, please visit www.Dalrada.com.

About imagineeer

imagineeer incubates technology that supports scaling into new business models that empower individuals. The Company provides solutions for coordination, management, and maintenance of human identity and machine assets.

imagineeer's solutions include Manufacturing Management (Carbon Emissions Transparency and Tokenization), Remote Training and Development, Ticketing, Living Memory Entertainment Experiences (Art, Music, Sports, Movies). imagineeer incubates solutions that allow its clients to combine a physical, emotionally charged experience with an ability to own digital assets and create a virtualized memory of that experience. For more information, please visit www.imagineerworld.com.

About Dalrada (DFCO)

With perseverance, valor, dedication, and vision, Dalrada Corporation is dedicated to tackling worldwide challenges of today and tomorrow.

Dalrada is a global company that operates under the tenet of creating impactful innovations that matter for the world. The Company works continually to produce disruptive solutions that bridge the gap of accessibility and accelerate positive change for current and future generations.

Established in 1982, the Company has since grown its footprint to include the business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Each of Dalrada's subsidiaries actively produces affordable and accessible world-class solutions to global problems. 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/20220331005393/en/

Denise Mahaffey

858.283.1253

inquiries@dalrada.com

Source: Dalrada

FAQ

What is the partnership between Dalrada Corporation and imagineeer?

Dalrada Corporation has partnered with imagineeer to develop a Web3 foundation and protocol, creating metaverse solutions for technology, healthcare, and clean energy markets.

What are the benefits of the Web3 solutions being developed by Dalrada?

The Web3 solutions aim to empower users by giving them control over their data, enhancing privacy, and potentially creating new revenue streams for clients.

How does Dalrada's energy technology impact greenhouse gas emissions?

Dalrada's high-temperature heat pump technology can reduce greenhouse gas emissions significantly, enabling up to 75% reduction in energy consumption.

What markets is Dalrada Corporation targeting with its new metaverse solutions?

Dalrada is targeting technology, healthcare, and clean energy markets with its new metaverse solutions.