Dalrada Financial Corporation CEO Discusses Increased Corporate Momentum and Shares Company Updates in New Interview
Dalrada Financial (OTCQB:DFCO) CEO Brian Bonar shared insights and updates in a new interview with SmallCapVoice. Key highlights include:
- Bonar's CEO of the Year Award from San Diego Business Journal
- Opportunities in New York City due to Local Law 97
- Dalrada's appointment to the Minority Business RoundTable (MBRT)
Bonar discussed the potential impact of NYC's Local Law 97, which aims to reduce greenhouse gas emissions in buildings. He noted that Dalrada's heat pump technology could capture a significant market share in replacing gas boilers, potentially generating $60 million in revenue over 18 months with just 1% market penetration. Bonar also anticipates revenue from government opportunities through MBRT starting in the first quarter of next year.
- Potential $60 million revenue opportunity in New York City over 18 months
- Appointment to Minority Business RoundTable (MBRT) opening government contract opportunities
- CEO Brian Bonar received CEO of the Year Award from San Diego Business Journal
- Dalrada's heat pump technology well-positioned for NYC's Local Law 97 requirements
- None.
Brian Bonar provides executive insight and shares exciting company news with SmallCapVoice
SAN DIEGO, CA / ACCESSWIRE / July 15, 2024 / Dalrada Financial Corporation (OTCQB:DFCO), ("Dalrada," "the Company"), announces the availability of a new insightful interview with Company CEO Brian Bonar. This in-depth interview covers all of the important news and progress for Dalrada in recent months.
Highlights of Brian's interview with SmallCapVoice includes a discussion of his CEO of the Year Award from the San Diego Business Journal, his recent trip to New York City and the exciting opportunities for Dalrada via NYC's Local Law 97, the Company's appointment to the Minority Business RoundTable (MBRT), and much more.
Watch the full interview here https://youtu.be/pYqKQTMkIzU
When asked about his recent trip to New York, Bonar mentioned specific legislation that aims to reduce greenhouse gas emissions in new and existing buildings, stating, "Local Law 97 imposes significant fines for the installation and continued use of gas boilers. In the New York metro area-just the metro area, not New York State-the metro area uses approximately 60,000 gas boiler installations a year. They've all got to be converted away from gas to an alternative solution, mainly electricity. Our heat pump is the only heat pump that I'm aware of that does simultaneous heating and cooling. Therefore, it's an ideal target for us to go there and concentrate on the demand coming out of New York. If we only get
Later in the interview, Bonar had this to say about the government and private contract opportunities with the MBRT: "We'll continue to move forward on that front and I would anticipate we'll start seeing revenues from government opportunities sometime in the first calendar quarter of next year, which will add to what we are going to try and achieve in the final two calendar quarters of 2024."
About Dalrada Financial Corporation
Dalrada Financial Corporation (OTCQB:DFCO) is a multi-national holding company that develops, manufactures, and sells a robust suite of products and services in the Clean Energy and Health Care sectors. Dalrada's core segments include Dalrada Climate Technology, which offers cutting-edge heat pump technology for industrial and residential applications, and Genefic Specialty Pharmacy, which provides end-to-end prescription services as well as patient advocacy and support.
Dalrada Financial Corporation consistently drives innovation that delivers maximum impact, bringing increased value to its shareholders.
For more information, please visit www.dalrada.com, and follow us on LinkedIn, Facebook, Twitter, and YouTube.
Forward-Looking Statements
Statements contained in this press release, other than statements of historical fact, particularly statements relating to cost reductions and the anticipated pre-tax savings from the cost reduction program, restructuring costs, footprint rationalization, simplifying and streamlining our operations, reducing complexity, enhancing the speed of decision-making, leveraging our sourcing capabilities and the timing of implementation and completion of the cost reduction program, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of management based on information available to us at the time such statements are made. These statements, which are generally identifiable by the use of the words "will," "believe," "expect," "intend," "anticipate," "estimate," "forecast," "project," "plan," and similar expressions, are subject to certain risks and uncertainties, are made as of the date hereof, and we undertake no duty or obligation to update them. Forward-looking statements are subject to the occurrence of many events outside the Company's control and actual results and the timing of events may differ materially from those suggested or implied by such forward-looking statements due to numerous factors that involve substantial known and unknown risks and uncertainties. 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.
Media contact: Michael Eslinger (meslinger@dalrada.com)
SOURCE: Dalrada Financial Corp.
View the original press release on accesswire.com
FAQ
What potential revenue does Dalrada (DFCO) expect from the New York City market?
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How does Dalrada's (DFCO) heat pump technology align with NYC's Local Law 97?
What recent recognition did Dalrada's (DFCO) CEO Brian Bonar receive?
