Dalrada Financial Corporation Finalizes Exclusive Master Distribution Agreement with Applied Technologies of New York
Dalrada Financial (OTCQB:DFCO) has finalized an exclusive master distribution agreement with Applied Technologies of New York (ATI) for its heat pump technology. The three-year agreement targets initial sales of 75 units in the first 18 months, escalating to 600 units in the following year. ATI will distribute Dalrada's heat pumps across major U.S. cities, including Boston, New York, Atlanta, Miami, and Chicago. This partnership aligns with New York's goal to reduce greenhouse gas emissions by 85% by 2050, positioning Dalrada to capitalize on the growing heat pump market driven by state incentives and high energy costs.
Dalrada Financial (OTCQB:DFCO) ha finalizzato un accordo esclusivo di distribuzione principale con Applied Technologies di New York (ATI) per la sua tecnologia delle pompe di calore. L'accordo triennale prevede vendite iniziali di 75 unità nei primi 18 mesi, che aumenteranno a 600 unità nel secondo anno. ATI distribuirà le pompe di calore di Dalrada nelle principali città degli Stati Uniti, inclusi Boston, New York, Atlanta, Miami e Chicago. Questa partnership è in linea con l'obiettivo di New York di ridurre le emissioni di gas serra dell'85% entro il 2050, posizionando Dalrada per sfruttare il crescente mercato delle pompe di calore, incentivato dalle politiche statali e dai costi energetici elevati.
Dalrada Financial (OTCQB:DFCO) ha finalizado un acuerdo exclusivo de distribución maestra con Applied Technologies de Nueva York (ATI) para su tecnología de bombas de calor. El acuerdo de tres años tiene como objetivo ventas iniciales de 75 unidades en los primeros 18 meses, aumentando a 600 unidades en el año siguiente. ATI distribuirá las bombas de calor de Dalrada en las principales ciudades de EE. UU., incluyendo Boston, Nueva York, Atlanta, Miami y Chicago. Esta asociación se alinea con el objetivo de Nueva York de reducir las emisiones de gases de efecto invernadero en un 85% para 2050, situando a Dalrada para capitalizar el creciente mercado de bombas de calor impulsado por incentivos estatales y altos costos de energía.
달라다 금융 (OTCQB:DFCO)은 뉴욕의 응용 기술 (ATI)과 열 펌프 기술에 대한 독점 마스터 유통 계약을 체결했습니다. 3년 계약은 처음 18개월 동안 75대의 초기 판매를 목표로 하며, 다음 해에는 600대로 증가합니다. ATI는 보스턴, 뉴욕, 애틀랜타, 마이애미, 시카고를 포함한 미국 주요 도시에서 달라다의 열 펌프를 배급할 것입니다. 이 파트너십은 2050년까지 온실가스 배출을 85% 줄이겠다는 뉴욕의 목표와 일치하며, 달라다가 주 지방의 인센티브와 높은 에너지 비용으로 인해 증가하는 열 펌프 시장을 활용할 수 있는 위치에 있습니다.
Dalrada Financial (OTCQB:DFCO) a finalisé un accord exclusif de distribution principale avec Applied Technologies de New York (ATI) pour sa technologie de pompe à chaleur. L'accord de trois ans cible des ventes initiales de 75 unités au cours des 18 premiers mois, pouvant atteindre 600 unités l'année suivante. ATI distribuera les pompes à chaleur de Dalrada dans les grandes villes des États-Unis, y compris Boston, New York, Atlanta, Miami et Chicago. Ce partenariat s'aligne sur l'objectif de New York de réduire les émissions de gaz à effet de serre de 85 % d'ici 2050, plaçant Dalrada en bonne position pour tirer parti du marché croissant des pompes à chaleur, stimulé par les incitations gouvernementales et les coûts énergétiques élevés.
Dalrada Financial (OTCQB:DFCO) hat eine exklusive Master-Vertriebspartnerschaft mit Applied Technologies aus New York (ATI) für deren Wärmepumpentechnologie abgeschlossen. Die dreijährige Vereinbarung sieht anfängliche Verkäufe von 75 Einheiten in den ersten 18 Monaten vor, die im folgenden Jahr auf 600 Einheiten steigen sollen. ATI wird Dalradas Wärmepumpen in wichtigen US-Städten vertreiben, darunter Boston, New York, Atlanta, Miami und Chicago. Diese Partnerschaft steht im Einklang mit New Yorks Ziel, die Treibhausgasemissionen bis 2050 um 85 % zu senken, wodurch Dalrada in eine gute Position kommt, um vom wachsenden Wärmepumpenmarkt zu profitieren, der durch staatliche Anreize und hohe Energiekosten angetrieben wird.
- Secured exclusive distribution agreement for heat pump technology in major U.S. markets
- Targeting sales of 600 combined commercial and residential units within 30 months
- Expanding product and service footprint across the east coast and midwest
- Aligning with New York's emissions reduction goals and growing heat pump market
- None.
New agreement secures exclusive distribution of Dalrada's heat pump technology, targeting sales of 600 heat pumps while expanding the company's product and service footprint.
SAN DIEGO, CA / ACCESSWIRE / August 20, 2024 / Dalrada Financial Corporation (OTCQB:DFCO), ("Dalrada," "the Company"), announced today that it had executed an agreement with Applied Technologies of New York, Inc. ("ATI," "ATI NY"), to be its exclusive distribution partner of the Company's heat pumps and related service and support for an extended portion of the United States.
The master distribution agreement with ATI supports Dalrada's ongoing ambitious heat pump manufacturing goals, targeting an initial order of 75 combined (commercial and residential) units in the first 18 months and increasing to 600 combined units in the following 12 months.
With the three-year agreement, ATI secures exclusive distributorship of Dalrada's advanced climate technology products in a number of coveted sales territories spanning the east coast and the midwest-ranging from Boston and New York City, south to Atlanta and Miami, and west to Chicago, Columbus, and Nashville. Other major city centers including Philadelphia, Pittsburgh, and Detroit, are also identified as sales and distribution territories in the agreement.
"Growing our sales network with the help of an esteemed organization like ATI will allow us to provide millions of customers with direct access to heat pumps," according to Brian Bonar, Dalrada's CEO and Chairman. "With New York City alone having 60,000 boilers running on natural gas and the state pushing for the adoption of heat pumps, this agreement comes at the perfect time and will reach an extensive consumer base. I look forward to a long and successful partnership with ATI to make a lasting impact in the heat pump space."
Bonar's mention of the timing of the distribution agreement appears to be correct. Driven by the goal of reducing greenhouse gas emissions by
"We are honored and excited to be partnering with such a forward-thinking company in Dalrada," said Frank Morgigno, President and CEO of Applied Technologies of New York. "Their cutting-edge heat pump technology will enable ATI to provide a premium solution for customers striving for carbon footprint reduction. Dalrada's engineering and executive management teams are the best in the industry," he added.
ATI has nearly thirty years of experience providing reliable, efficient, and cost-effective mechanical solutions to buildings and process facilities in the New York metropolitan area. The master distribution agreement allows ATI to increase and enhance its sales and service capabilities beyond New York as it continues to represent the world's leading heating and energy equipment manufacturers, which now includes Dalrada.
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 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.
About Applied Technologies of NY
Applied Technologies of NY (ATI of NY) is a proven resource partner for reliable, efficient and cost-effective mechanical solutions for buildings or process facilities. Offering expert sales and engineering services supported by a factory-certified technical services division for after-market support, ATI has served the New York Metropolitan area and beyond since 1996, representing the world's leading heating and energy equipment manufacturers.
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.
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FAQ
What is the target for Dalrada's heat pump sales under the new agreement with ATI?
Which major U.S. cities are included in Dalrada's (DFCO) distribution agreement for heat pumps?
How long is the master distribution agreement between Dalrada (DFCO) and Applied Technologies of New York?
What is New York's greenhouse gas emissions reduction goal mentioned in relation to Dalrada's (DFCO) heat pump distribution?
