Dalrada Names Jose Arrieta as Chief Strategy Officer of Dalrada Financial Corporation and President of Dalrada Technologies

Rhea-AI Summary

Dalrada Financial Corporation (OTCQB: DFCO) expands its executive leadership with the appointment of Jose Arrieta as Chief Strategy Officer and President of Dalrada Technologies. Arrieta, a seasoned executive with over 18 years of experience in various government sectors, will guide the company's growth strategy and oversee its subsidiaries. His past achievements include being instrumental in the selection of Dalrada’s Likido®ONE heat pump technology by the U.S. GSA and DOE, aimed at reducing greenhouse emissions.

Positive

• Jose Arrieta's appointment is expected to enhance Dalrada's growth strategy.
• Arrieta's expertise in security, healthcare, and technology could drive future innovations.

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• None.

SAN DIEGO--(BUSINESS WIRE)-- An innovator in clean energy, health care, precision manufacturing, and technology, Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada Corporation”, “Dalrada”) announced the expansion of its executive leadership team, naming Jose Arrieta as Chief Strategy Officer for DFCO as well as President of Dalrada Technologies, a DFCO subsidiary. This is in addition to his current role as a member of the Board of Directors and advisor for the Dalrada Energy Services Advisory Board.

Jose Arrieta, Dalrada's Chief Strategy Officer and President of Dalrada Technologies (Photo: Business Wire)

"Dalrada welcomes Mr. Arrieta, whose vast industry knowledge accelerates the Company's growth strategy across all subsidiaries," said Brian Bonar, Dalrada's Chairman and CEO. “Jose’s experience will continue to move Dalrada Technologies forward and improve lives globally, from tracking net-zero data to ensuring secure banking, insurance, health care, digital accessibility, and so much more.”

Through his company, imagineeer, Arrieta has pioneered the development of foundational tools to enable distributed data ownership and secure: IoT solutions, metaverse-enabled environments, digital twinning capability in the government (federal, state, and local), sports and entertainment, sustainable energy, and health market verticals.

Arrieta led the capture process ensuring Dalrada’s Likido®ONE heat pump technology was selected by the U.S. General Services Administration (GSA) and Department of Energy (DOE) to be tested to reduce greenhouse emissions from commercial buildings in the federal Green Proving Ground (GPG) program. Additionally, he has directed design efforts to IoT-enable the Likido®ONE heat pump and create a digital twin capability to improve the effectiveness of service and support. Arrieta has also developed an approach for twinning and tokenizing carbon emission reductions – driven by Likido® machines.

Mr. Arrieta’s achievements as an innovator throughout his career have been largely focused on utilizing emerging technologies to disrupt large organizations in security, banking, healthcare, and government, including defense and homeland security-focused organizations. Arrieta is a seasoned leader with more than 18 years of executive experience at large organizations, including the United States: Department of Treasury, Department of Homeland Security, and the Department of Health and Human Services (HHS). During his time as the Chief Information Officer and Chief Data Officer of HHS, he guided the strategy and technology investments of a $6.3B technology portfolio and led an effort to bring together the nation’s healthcare sector during the Covid-19 response, connecting all states and territories, including 8,000 hospitals, and successfully implemented the largest supervised machine learning effort in U.S. history. Mr. Arrieta also implemented blockchain technology in a $26B supplier network while overseeing and upgrading cybersecurity solutions for 174,000 people and a network that facilitated over $800B in investments with over 160 countries around the world.

“I am excited to work with a nimble, forward-thinking organization that prides itself on solving some of the world’s toughest problems with next-generation systems and solutions,” said Arrieta. “I’m looking forward to contributing to the Company's efforts to disrupt existing business models utilizing technologies and strategies that support business growth and improve efficiencies.”

In addition to overseeing Dalrada’s subsidiaries and public sector strategy and serving on the Company’s Board of Directors, Mr. Arrieta serves on several business and advisory boards for startups as well as national and local public sector and health care organizations. In his new role with Dalrada, he will report directly to Chairman and CEO, Brian Bonar.

About Dalrada:

Dalrada Financial 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, Dalrada Energy Services, and Dalrada Technologies. For more information, please visit www.dalrada.com, and follow us on Twitter, Facebook, and LinkedIn.

Disclaimer:

Statements in this press release 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 several 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/20220718005173/en/

Denise Mahaffey

858.283.1253

inquiries@dalrada.com

Source: Dalrada Financial Corporation

FAQ

Who is the new Chief Strategy Officer of Dalrada Financial Corporation?

Jose Arrieta has been named the Chief Strategy Officer of Dalrada Financial Corporation.

What significant technology will Dalrada's new executive help promote?

Jose Arrieta will help promote the Likido®ONE heat pump technology to reduce greenhouse emissions.

What is the stock symbol for Dalrada Financial Corporation?

The stock symbol for Dalrada Financial Corporation is DFCO.

What experience does Jose Arrieta have relevant to his new role?

Jose Arrieta has over 18 years of executive experience in government and has led major technology initiatives.