SAN DIEGO, CA – DECEMBER 13, 2021 – Dalrada Corporation (OTCQB: DFCO, “Dalrada”) would like to thank its investors and shareholders for their ongoing support and announce two additions to its Board of Directors. The most recent Director appointments are Amy Wing Scannell, Esq. who is currently General Counsel of Tipp Investments, LLC., and Vincent Monteparte, a principal and venture partner in the venture capital and investment banking industry, who holds an extensive background in software technologies.
Brian Bonar, Dalrada Chairman and CEO, states, “Dalrada is pleased to welcome its new Directors, Amy Scannell, Esq. and Vincent Monteparte. Both are proven leaders in their fields. Their experience and skillsets facilitate Dalrada’s expansion into the three highest-growth industries technology, clean energy, and healthcare. Also, as Dalrada prepares to uplist to NASDAQ, their professional backgrounds are strategic.”
As a principal and venture partner in the venture capital and investment banking industry, Mr. Monteparte manages transactions and investments ranging from $40 million to $500 million. Mr. Monteparte’s leadership transformed and uniquely positioned mid-market organizations to upwards of $2 billion in enterprise valuations within the software technology sector.
With a diverse background in software technologies, aerospace, transportation, logistics, real estate, and healthcare, the roles led by Mr. Monteparte include Venture Partner at Sway Ventures, a U.S.-based venture capital firm investing in early to mid-stage technology companies, and Principal at Global Capital Markets, an investment banking firm focusing on mid-market transactions for technology, manufacturing, distribution, service, and retail companies.
Mr. Monteparte began his career as an entrepreneur founding various companies, most recently Miro Technologies. There, he led the development of a SaaS solution to modernize the maintenance, repair, overhaul, and supply chain operations for complex assets. The business was sold to a leading Fortune 100 multinational defense / aerospace corporation for 14x return on invested capital with an IRR of 48%. Additionally, Mr. Monteparte has since held various senior-level executive roles leading teams and positioning multinational corporations to growth.
Mr. Monteparte holds series 63 and 79 licenses and, in addition to Dalrada, Board Advisory positions for BlueSky eLearn, a leading learning management software platform, and Measurabl, a global ESG SaaS Software company. Receiving a BA in Aeronautical Engineering from Embry-Riddle Aeronautical University and an MBA from the Pepperdine University Graziadio School of Business, Mr. Monteparte also earned the Most Distinguished Alumni Award. In his spare time, Mr. Monteparte co-chairs the Business & Entrepreneurship Committee at Pepperdine, where he mentors young entrepreneurs and executives in career and portfolios.
Amy Scannell, Esq.’s experience with corporate structure, compliance and investments involves raising capital, negotiations, contract development, and business structure. As General Counsel of Tipp Investments, LLC, located in Escondido, California, Scannell oversees broad investment interests, including commercial real estate, agriculture, and aviation.
Scannell was admitted to the California bar in 2019 and the Massachusetts bar in 2015. Prior to joining Tipp Investments in 2019, Scannell was associate attorney for Baskin & Associates, LLC, a family law litigation firm in Boston, Massachusetts, and a law clerk at Holstrom, Block & Parke, APLC in Murrieta, California. Scannell received her Juris Doctorate from Suffolk University Law School in Boston, Massachusetts, and graduated Cum Laude with her Bachelor of Arts from Westfield State University in Westfield, Massachusetts.
Bonar concludes, “Dalrada’s progress and position as an innovator in the top three high-growth industries are exciting, especially given the unprecedented circumstances that it endured to achieve historical records. As the Company evolves its governance and structure, Dalrada seeks to expand its presence within the investment community and enlist Ms. Scannell and Mr. Monteparte. These added synergies empower Dalrada to continue its expansion efforts with the vision of positively impacting lives through advances in technology, clean energy, and healthcare.”
For more information on Dalrada and its subsidiaries, visit www.dalrada.com.
About Dalrada (DFCO)
With perseverance, valor, dedication, and vision, Dalrada Corporation is dedicated to tackling worldwide challenges of today and tomorrow.
Dalrada is a global company that operates under the tenet of creating impactful innovations that matter for the world. The Company works continually to produce disruptive solutions that bridge the gap of accessibility and accelerate positive change for current and future generations.
Established in 1982, the Company has since grown its footprint to include the business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Each of Dalrada’s subsidiaries actively produces affordable and accessible world-class solutions to global problems. For more information, please visit www.dalrada.com.
Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. 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.
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