PRZOOM - /newswire/ -
Tampa, FL, United States, 2010/04/09 - Dais Analytic Corporation of Odessa, Florida, CAST Systems Control Technology Co., Ltd, Beijing, China (CAST), and Genertec America of Redwood City, CA (GTA), today announced the signing of a $48 million USD sales agreement. OTC: BB DLYT
Dais Analytic Corporation of Odessa, FL, CAST Systems Control Technology Co., Ltd, Beijing, China (CAST), and Genertec America of Redwood City, CA (GTA), announced the signing of an sales agreement with a value of up to $48 million USD over a twelve month period.
Under this sales agreement, Dais will supply GTA and CAST key system components of its nanotechnology clean water treatment process called NanoClear™. It will be configured to form the first facility world-wide of its kind, located in northern China, to precisely clean waste water with zero contaminant discharge. The key system parts will be provided by Dais to GTA and CAST over the course of the next twelve months. CAST will work with others to construct, and run the physical plant.
This order reflects continued business support of the China and United States “Strategic & Economic Dialog” memorandum signed in 2009 which established a bilateral cooperation between the two countries in the areas of energy, climate change, and environmental concerns.
It deepens the relationship between GTA and Dais which began in August 2009 with the signing of a $200 million distribution agreement finding Dais exporting clean water, and energy efficient heating and cooling applications made using Dais’ nanotechnology materials and processes. This sales agreement may find Dais potentially adding up to 200 jobs – part of the possible 1,000 jobs when the Distribution Agreement was announced in September 2009.
NanoClear™ is an eco-friendly water treatment process which uses Dais’s “smart plastic” membrane to simply extract water molecules from waste, sea, or brackish water while leaving impurities behind. NanoClear is designed to produce higher quality clean water than other existing forms of waste water treatment without traditional extra components and complexity. Recent testing by third parties shows the process’s ability to clean contaminated water to the US Environmental Protection Agency‘s new ‘parts per billion’ waste and run-off water standards.
Nanotechnology is the engineering of functional products at the molecular scale allowing precise control of the material’s molecular structure.
Dais’s inventions and processes is a completely new approach based upon molecular self-assembly allowing control of matter at the atomic scale. The materials are neither toxic nor harmful to the environment.
1Constellation Technologies, Clearwater, FL, and Pasco County Environment Laboratory. All analysis work was done to the National Environmental Laboratory Accreditation Conference Institute’s (NELAC) standard certification #E44123.
CAST is a twenty year old engineering company headquartered in Beijing, China, which specializes in large projects across the water, waste water, electric power, and oil and gas industries in China.
About Genertec America
Genertec America, Inc. (genertec.com.cn) is one of the leading overseas subsidiaries of China General Technology (Group ) Holding, Limited, which is a state-owned company and has been listed as one of the national backbone companies since 2000. The company engages mainly in technology trade, technical consulting services, and technology development, as well as import and export business and agency business about various types of complete sets of equipment, production lines, key equipment and spare parts.
About Dais Analytic Corporation
Dais Analytic Corporation (daisanalytic.com) is commercializing its nanotechnology materials and processes into break-through products becoming a leading participant in the applied nanotechnology industry with a specialized focus on the needs of the energy and water industries. Products incorporating Dais’s nanotechnology minimize consumption of irreplaceable natural resources and stop degradation of our environment. To find out more about ConsERV (energy recovery for HVAC) please log onto conserv.com/.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Dais Analytic Corporation (the “company”) and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.