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Dalrada Executes Corporate Restructuring to Increase Focus on Core Climate Technologies Business and Reduce SG&A by Approximately $3 Million Annually

By June 28, 2023January 29th, 2024No Comments

SAN DIEGO, CA – June 28, 2023Dalrada Corporation (OTCQB: DFCO, “Dalrada”), an American company focused on global transformative environmental innovations with a multi-faceted technological and operational approach to mitigate the negative impacts of climate change, today announced the details of its corporate restructuring effort with an increased focus on climate technology. Dalrada’s climate technology division, along with the continued success of Dalrada’s health products and services, will accelerate long-term growth and profitability for the company.

As previously reported, Dalrada reorganized its Board of Directors to facilitate the development of its U.S. and global expansion. The Board of Directors is also conducting a full review of Dalrada’s existing divisions and product offerings in their specific markets to consolidate individual sectors, with concentrated efforts on building climate technology tools and services. The driving force will be the combination of the company’s Likido and Dalrada Energy Services divisions, ultimately forming the Dalrada climate technology division. Dalrada expects the net savings from the restructuring to be approximately $3 million annually, with revenue growth to ramp up by the first quarter of 2024 and reaching profitability by the fourth quarter of 2024.

Dalrada’s climate technology division and its manufacturing division are based in the United Kingdom, at the epicenter of European ESG (Environmental, Social, and Governance). The increased manufacturing capacity in the center of Europe will allow for more immediate expansion into the quickly-advancing European green energy market. Dalrada’s climate technology division will help organizations meet ESG goals and standards while mitigating adverse environmental impacts and increasing operational efficiency and profitability. The climate tehnology division, together with Dalrada’s health products and services, are expected to represent the most immediate and significant growth opportunity for the company.

To support and accelerate further growth in the U.S. market, the company opened a demonstration site in Las Vegas in May of this year to showcase Dalrada’s heat pump capabilities.

Dalrada centrally manages its divisions throughout the U.S., Europe, and Asia from its Escondido, California headquarters. The company continuously creates innovative, impactful solutions that address the need to support positive climate change efforts. Dalrada is committed to supporting the prosperity and health of people and creating a climate-safe planet.

About Dalrada Financial Corporation

Dalrada Financial Corporation (Dalrada) is a progressive organization that drives innovation to impact people, businesses, and the planet positively. The company owns and operates a global group of clean energy, precision manufacturing, advanced technology, and health care service companies and produces disruptive climate technology products and services that mitigate the negative impact of climate change.

Since 1982, Dalrada has boldly addressed global climate challenges with transformative innovations that drive targeted advances for a new era of human behavior and interaction. Dalrada companies are on the leading edge of developing and applying next-generation science, engineering, and technology, creating product and service offerings that significantly reduce energy costs and remove previous barriers, delivering a more sustainable and prosperous future for us all.

Dalrada’s subsidiaries and strategic partners operate in the United States, United Kingdom, Malaysia, and India and are centrally managed from the company’s San Diego, CA headquarters. For more information, please visit www.dalrada.com, and follow us on LinkedIn, Facebook, and Twitter.

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