DALRADA FINCL CORP - DFCO STOCK NEWS

Dalrada Financial Corporation (OTCQB: DFCO) announced that its subsidiary, Deposition Technology, has secured a contract with the University of Arkansas to develop a new deposition system. This system aims to facilitate high-volume manufacturing of silicon carbide (SiC) devices. The Novellus C1 PECVD system will be remanufactured to the university's specifications for the Multi-User Silicon Carbide (MUSiC) Research facility, which focuses on bridging basic research and production processes.

Dalrada Financial Corporation (OTCQB: DFCO) announced the acquisition of Bothof Brothers Construction on October 7, 2022, enhancing its energy-efficient building capabilities. This strategic move aims to strengthen Dalrada’s Energy Services division and launch its Commercial Construction Services division. The partnership is expected to leverage Bothof Brothers' expertise in high-end construction, ultimately providing more value to clients and addressing energy challenges in modern building projects.

Dalrada Financial Corporation (OTCQB: DFCO) announced a delay in filing its annual report on Form 10-K for the fiscal year ended June 30, 2022. Despite allocating significant resources, the company was unable to meet the extended due date of October 14, 2022. This delay is attributed to the consolidation of several new business units, particularly in energy services and life sciences. Dalrada aims to finalize and submit the Form 10-K by October 26, 2022.

Dalrada Financial Corporation (DFCO) has announced a significant partnership with Averett University aimed at reducing carbon emissions and energy costs. The collaboration will focus on the installation of Dalrada's flagship Likido™ONE heat pumps, expected to reduce energy costs over 70% and carbon emissions by up to 90%. Notably, the project incurs no costs to the university, aligning with their Net Zero goals. This initiative not only fosters energy sustainability but also enhances educational opportunities for students in green energy solutions.

Dalrada Financial Corporation (OTC-PINK: DFCO) has partnered with Averett University to create a cutting-edge digital ecosystem and immersive metaverse experience for students. This initiative aims to educate students on data ownership, AI personalization, and digital currency impacts. Funded by an investment exceeding $2 million, the project also includes energy optimization technologies and sustainability initiatives. The partnership aspires to enhance educational opportunities and prepares students to tackle future job markets. This innovative model sets a precedent for higher education across the U.S.

Dalrada Financial Corporation (DFCO) has appointed Anuradha Biswas to its Board of Directors. Anuradha, founder and CEO of Prakat Solutions, brings extensive experience in technology and leadership across various sectors. She has a strong background in FinTech, AgriTech, and manufacturing, and is known for her contributions to building inclusive technologies. Dalrada aims to leverage her expertise to enhance its global customer base and foster innovation in healthcare, clean energy, and technology.

Abhik Biswas, Chief Technical Officer and Co-Founder of Prakat Solutions, has joined the exclusive Forbes Technology Council. This invitation-only community includes top technology executives and aims to foster professional growth and collaboration. Mr. Biswas was selected based on his extensive experience and impact on business growth. His membership provides access to unique opportunities, including collaboration with other leaders and contributing insights to Forbes.com. He expressed gratitude for the opportunity to further enhance his leadership role within the Dalrada Financial Corporation team.

Dalrada Financial Corporation (OTC-PINK: DFCO) has partnered with the San Diego Strike Force and San Diego Loyal Soccer Team to expand its Sòlas Rejuvenation + Wellness Clinics service offerings. This collaboration focuses on providing professional treatment services for athletes and wellness education for fans. The services include IV hydration therapy, vitamin shots, and other therapies aimed at enhancing athletic performance. Upcoming local events and a fundraising initiative for military families are also part of this partnership.

Dalrada Financial Corporation (DFCO) announced the appointment of Heather McMahon to its Clean Energy Advisory Board as part of its strategy to enhance cybersecurity within the Power and Utilities sector. With over two decades of experience, McMahon is expected to provide valuable insights on safeguarding energy infrastructure against cyber threats. CEO Brian Bonar emphasized the importance of cybersecurity for the firm's clean energy initiatives and ESG clients, highlighting the sector's vulnerability and the growing sophistication of cyber threats. Dalrada continues to innovate in clean energy and technology.