Company simplifies the generation, validation, and trading of carbon credits by using energy and climate technology devices, including heat pumps.
SAN DIEGO, April 04, 2024 (GLOBE NEWSWIRE) -- Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada,” “the Company”), announced today that it had entered the carbon credit market with a powerful software system and hardware device that manages energy usage while clearing a pathway to a robust revenue stream for the company.
With the global carbon credit market expected to reach $340 billion by 2032, Dalrada’s carbon credit minting solution arrives at an opportune moment. The Company is well positioned to capitalize on the growing potential, and, by capturing just 1% of the expected market, Dalrada and its climate technology subsidiaries could anticipate a $3.4 billion market share—in less than 10 years.
“Whether for home or commercial use, our system was designed to work in virtually any setting,” said Brian Bonar, Dalrada’s CEO and Founder. “Another huge advantage is that this unique product is essentially plug-and-play and fully integrates with practically any machine that utilizes energy, especially heat pumps.”
The bullish CEO is all in on the Company’s compatible software and its accompanying hardware device—which is expected to be available in 90 days—noting that the carbon credit minting system is also ideal for a variety of industries, including agriculture, manufacturing, food processing, and more.
The entire system represents a fully-transparent ecosystem and process that analyzes energy use in real-time and historical data from consumers and providers alike. To further ensure legitimacy, the validity and value of each carbon credit is authenticated through robust third-party oversight.
“As climate technology innovators, we’re very excited about our all-in-one solution that will benefit energy users, energy providers, and the environment. I expect revenues to be realized by the end of the 2025 calendar year,” added Bonar.
About Dalrada 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 Financial Corporation 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.
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)
