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Monday, October 18, 2021

CryoChillersSM Freeze; the Rise of Dalrada Financial Corporation (OTCMKTS: DFCO)

Dalrada Financial Corporation (OTCMKTS: DFCO) is making a powerful run up the charts in recent weeks starting off well under $0.05 this past summer DFCO is quickly transforming into volume leader in small caps. Dalrada recently reported its strongest quarter ever ending on June 30th, 2020 with revenues of $777,347 up over 4,000 from the same period last year. DFCO recently filed a 10Q and announced its intention to up-list its shares to fully reporting OTCQB.

In August DFCO announced its portfolio company, Scotland-based Likido Limited was awarded a grant from the UK government’s innovation agency, Innovate UK. Likido’s energy efficient CryoChillersSM freeze to a low temperature of minus 70 degrees (-70°) while saving as much as 75% of energy cost. The Innovate UK grant was awarded for “repurposing environmentally damaging HFC cryogenic chillers to environmentally inert natural refrigerant”. covid-19 vaccine race is turning deep freezers into a hot commodity. Just take a look at RSCF who has a similar product in its Cryometrix freezers. We reported on RSCF on November 10 when the stock was $0.25 before it ran to $2.78.

Dalrada Financial Corporation (OTCMKTS: DFCO) solves real-world problems by producing innovation-focused and technologically centered solutions on a global level. Delivering next-generation manufacturing, engineering, and healthcare products and services designed to propel growth, Dalrada is a team of industry experts and an organization built upon a strong foundation of financial capital. The Company and its subsidiaries are positioned for stable long-term growth through intelligent market research, sound business acumen, and established operational infrastructure. DFCO subsidiary Dalrada Precision has been focused on solution-based engineering and the customer experience from day one. By continually delivering on its promises, the Company has created trust while building mutually successful long-term relationships.

In August DFCO announced its portfolio company, Scotland-based Likido Limited was awarded a grant from the UK government’s innovation agency, Innovate UK. Likido’s energy efficient CryoChillersSM freeze to a low temperature of minus 70 degrees (-70°) while saving as much as 75% of energy cost. The Innovate UK grant was awarded for “repurposing environmentally damaging HFC cryogenic chillers to environmentally inert natural refrigerant”.

Currently, mechanical compressor-based low-temperature refrigeration systems use high cost and environmentally damaging hydrofluorocarbon (HFC) refrigerant gases. Under the UK-EU and UN climate change policies, HFC gasses are to be phased-out over the next 10-years. A U.S. National Library of Medicine National Institutes of Health report details the energy use of laboratory refrigeration units at minus 70 degrees versus minus 80 degrees. The Likido®ONE system uses a “natural non-toxic, non-flammable and CFC/HFC-free working fluid” and operates in a combined heating and cooling mode. Likido®ONE produces 160kW of high-grade heat while it extracts -120kW of cooling at traditional temperatures for an electrical input of just 37kW, a coefficient of performance (COP) 1:8. Likido®ONE’s all-in-one small footprint replaces hot water heaters, refrigerators, and cooling towers; this frees up valuable floor space.

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On December 11 DFCO announced it has executed a term sheet for exclusive North America manufacturing of its Likido® products with Tongrun International located in Bonham, Texas. Tongrun will exclusively manufacture, order all materials and parts, and maintain adequate inventory to meet forecasted demands of all Likido’s products including LikidoCRYO, LikidoDRY, LikidoONE, and Likido’s power generator.  Tongrun in Bonham, Texas is the U.S. arm of the international organization, independently owned and operated leveraging its 34 acres of land and 70,000 square foot facility for contract manufacturing services. Dalrada’s agreement with Tongrun is a two-year exclusive term for North America. Likido®, headquartered in Edinburgh, Scotland, will to continue to manufacturer its products for the European and Asia markets.

Recently the Company reported financial results for the first quarter ended September 30, 2020. With revenues of $759,393, this represents a year-over-year increase of 4,285% compared to $17,317 for the same period three months ended September 30th, 2019.  The Company sustained results for the quarter continuing its momentum after Dalrada’s strongest quarter ending on June 30th, 2020 with revenues of $777,347. The Company also removed its shell status on the OTC Market. Dalrada is preparing to up-list to the market tier OTCQB.

Brian Bonar, CEO of Dalrada, states, “We are pleased with our performance for the quarter.  Dalrada continued to grow our global footprint, despite the pandemic and the slow summer months.  The progression of our business segments with diverse products and services has helped us weather the storm.  Dalrada continues to persevere with a consistent focus on long-term growth priorities, and the need to increase revenues with higher returns. We believe in Dalrada’s business model and what we are doing.  As we continue to expand and share our vision and implementation plans, it is well-received every time.  Dalrada is designed to make a positive impact on lives around the world. From reducing global-warming potential with our Likido green energy technology; implementing software development and technology solutions that allow a rapidly growing virtual world to capture secure, on-demand sales revenue; working to reduce cervical cancer mortality rates in low-to-mid income countries with VIA Kits and clinical studies; providing safe, alternative sanitizing products; and providing low-cost, high-quality bespoke precision parts to OEMs, Dalrada is making great strides.”

 

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DFCO is making a powerful run up the charts in recent weeks starting off well under $0.05 this past summer DFCO is quickly transforming into volume leader in small caps. Dalrada recently reported its strongest quarter ever ending on June 30th, 2020 with revenues of $777,347 up over 4,000 from the same period last year. DFCO recently filed a 10Q and announced its intention to up-list its shares to fully reporting OTCQB. In August DFCO announced its portfolio company, Scotland-based Likido Limited was awarded a grant from the UK government’s innovation agency, Innovate UK. Likido’s energy efficient CryoChillersSM freeze to a low temperature of minus 70 degrees (-70°) while saving as much as 75% of energy cost. The Innovate UK grant was awarded for “repurposing environmentally damaging HFC cryogenic chillers to environmentally inert natural refrigerant”. covid-19 vaccine race is turning deep freezers into a hot commodity. Just take a look at RSCF who has a similar product in its Cryometrix freezers. We reported on RSCF on November 10 when the stock was $0.25 before it ran to $2.78. We will be updating on DFCO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with DFCO.

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Disclosure: we hold no position in DFCO either long or short and we have not been compensated for this article.

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