Dais's Nanotechnology Addresses Critical Market Needs Generated by New Regulatory Activity Seeking Tighter PFAS Contamination Removal and Potential Ban of PFAS Containing Components (HVAC Refrigerants)

Rhea-AI Summary

Dais Corporation (DLYT) is leveraging its Aqualyte™ nanomaterial platform to meet rising market demands, projected to reach $642 billion due to increased climate change awareness. The EU's recent regulations on PFAS, which include a ban on key refrigerants affecting a $26.3 billion HVAC market, highlight the urgency of Aqualyte™ solutions. This technology offers significant environmental savings by removing PFAS to 'zero trace' levels and powering HVAC innovations that do not require refrigerants. Dais aims to address growing environmental and health challenges while promoting efficient energy use and clean water solutions.

Positive

• Aqualyte™ technology can remove PFAS to 'zero trace' levels, aligning with EU's stringent new regulations.
• Projected market for Aqualyte™ solutions expected to hit $642 billion, driven by climate change awareness.
• Innovative HVAC equipment development that does not rely on harmful refrigerants could transform the $26.3 billion industry.

Negative

• None.

The uses of Aqualyte™ nanomaterial widen as regulators in the EU introduce significant new rules about PFAS contamination including PFAS products such as HVAC refrigerants

ODESSA, FL, Feb. 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire --  Dais Corporation (DLYT) is a commercial nanotechnology company using its Aqualyte™ platform to create new product solutions shown to offer significant financial and environmental savings meeting increasing market demands. The company highlights the growth of this projected $642 billion market is driven by increased public awareness of the challenges posed by climate change and the impact of the global pandemic on buying habits.

The Aqualyte™ advanced nanomaterial platform is a disruptive technology just beginning to transform various industries by offering innovative and effective solutions to addressing a wide range of new market challenges.  The materials are flexible in use and are designed to functionally replace or reduce the use of energy-consuming components and emissions in a variety of products with a focus on fresh air, efficient energy use, and clean water. 

The flexibility of the company’s advanced nanomaterial lends itself to covering a wide swath of uses. As the diversity and number of the uses grow this provides a rare glimpse into the total power open to Aqualyte™. 

Overall, Dais's Aqualyte™ nanotechnology has the potential to provide innovative and effective solutions for a wide range of environmental and health challenges, including the growing concern of PFAS contamination in products and manufacturing processes.

Recently the European Union introduced new rules for implementation regarding discontinuing the use of products made with PFAS contaminated water or using PFAS (“forever-chemicals”). The chemicals have been used in tens of thousands of products, including cars, foods, textiles, medical gear, windmills, refrigerant gases for HVAC and refrigeration due to their long-term resistance to extreme temperatures and corrosion. 

In addition to more stringent rules regarding PFAS cleanup the EU regulation is seeking to force the discontinuation of popular HVAC refrigerant gases (a PFAS product) in coming years. The impact of a refrigerant ban on the $26.3 billion HVAC industry is high. 

“Unfolding on a world stage are sizeable uses for our nanomaterial platform. The EU’s new regulations include not only newer PFAS requirements for contamination removal, it includes a ban on key refrigerants (a PFAS product). Aqualyte™ removes PFAS from contaminants to a ‘zero trace’ level and we have a line of HVAC equipment coming which does not use refrigerants. These innovations are made possible by Aqualyte™.  The point is the sizeable product horizon for the nanomaterials is now coming into plain view,” said John Walsh, General Manager of Dais. 

FACTOID
·   Investors managing $8 trillion in assets in December wrote to 54 EU companies urging them to phase out use of PFAS.
·   Annual health care costs from exposure to PFAS in the EU has been estimated to be 52 billion-84 billion euros ($55.72 billion-$90.01 billion). 

This regulatory action highlights the importance of the company’s work with a large, multi-national conglomerate (and others) to ‘re-invent’ the heating, ventilation, and air-conditioning (HVAC) industry. No refrigerant gases are required. The features of its nanotechnology platform enable a change to the architecture, features, and function of HVAC products. Changes include lowering energy use and emissions by greater than fifty percent. 

About Dais Corporation

Dais Corporation (DLYT) produces the versatile Aqualyte™ platform of disruptive, field-proven, and industry-recognized nanomaterial and a short list of products using the platform include:

• Aqualyte™, the Company’s advanced nanomaterial platform having an impressive set of features including the extraordinarily fast and selective transport of water molecules. These features are carefully tailored to offer new or improved solutions in cross-industry markets for air, energy, food preservation, and clean water products.

• NanoClear™, a commercialized system treating contaminated industrial wastewater and providing ultra-pure potable water with higher system efficiencies at equal or better capital and operating costs than other technologies.

• ConsERV™, a commercially available engineered energy recovery ventilator that uses stale exhaust air to precondition the temperature and moisture content of incoming fresh ventilation air, typically saving energy, reducing CO2 emissions, and allowing for equipment downsizing; and

• PolyCool™, a next-generation evaporative cooling technology that is nearing full commercialization where cooling towers and evaporative condensers in HVAC and power generation incorporate Aqualyte to reduce energy consumption and operating costs while preventing the release of dangerous microbes such as Legionella and opening new markets for reduced-maintenance evaporative cooling systems.

These products created by the Platform are focused on profitably securing the future of key resources for life, and economic stability addressing growing, diverse market needs in worldwide markets value nearing $1 trillion. Our products are revolutionary or industry changing.

Each use of the Aqualyte family of nano-structured polymers and engineered processes focuses on minimizing consumption of irreplaceable natural resources, improving the general population’s health, and ending the degradation of our environment. To learn more, please visit www.daisnano.com.

Safe Harbor Statement

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” or the negative of these words and/or similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. For example, statements about future revenues and the Company’s ability to fund its operations and contractual obligations are forward looking and subject to risks. Several important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the inability to raise capital to support the Company through its growth stage, the Company’s inability to generate projected sales and trade relations between the United States and China. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations
Dais Corporation
+1 727-375-8484
info@daisnano.com

FAQ

What is the significance of the EU regulations on PFAS for Dais Corporation (DLYT)?

The EU regulations on PFAS highlight the importance of Dais Corporation's Aqualyte™ technology, which removes PFAS contaminants and allows for HVAC innovations that do not use harmful refrigerants.

How does Aqualyte™ contribute to environmental sustainability?

Aqualyte™ is designed to reduce energy consumption and emissions, while also addressing PFAS contamination, thus supporting environmental sustainability efforts.

What is the projected market size for Aqualyte™ solutions?

The projected market size for solutions utilizing Aqualyte™ technology is expected to reach $642 billion, driven by increased awareness of climate change.

How will the new EU regulations impact the HVAC industry related to Dais Corporation (DLYT)?

The new EU regulations include a ban on key refrigerants, impacting the $26.3 billion HVAC industry, creating an opportunity for Dais Corporation to introduce innovative HVAC solutions using Aqualyte™.