Initial agreement is expected to accelerate additional opportunities across multiple French and Spanish facilities, expanding Dalrada’s European footprint.
SAN DIEGO, CA –September 12, 2024 – Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada,” “the Company”), announced today that it had finalized a contract with Onet Group (“Onet”), a global leader in building maintenance services, for the purchase and installation of Dalrada heat pumps in a light industrial facility in Spain.
The initial contract, valued at 260,000 euros, will bring Dalrada’s energy efficient heat pumps specifically designed for light commercial and industrial applications to a dedicated Onet client facility, with installation set to begin immediately.
Dalrada is also in the design and engineering phase of two new Onet client building installations, with accompanying contracts expected shortly.
”Partnering with Onet gives us the opportunity to modernize and convert various facilities, allowing them to meet new European standards for efficiency and emissions.
David PickettDalrada’s Executive VP of Sales and Marketing
While the planned installations represent only a small portion of Onet’s 140 managed facilities—including 100 in France and 40 in Spain—the groundwork has been laid for an exciting future for Dalrada. Ultimately, the contract creates a symbiotic partnership that underscores both Dalrada and Onet’s ongoing commitment to environmental stewardship and sustainable development. Revenues and initial orders from the first contract will be reflected in Dalrada’s September quarter.
“Partnering with Onet gives us the opportunity to deliver advanced climate technology that will modernize and convert various facilities, allowing them to meet new European standards for efficiency and emissions,” said David Pickett, Dalrada’s Executive Vice President of Sales and Marketing. “Serving those areas while growing our reach is critical to our success not just in Europe, but beyond.”
As a global engineering and infrastructure services expert, Onet maintains an active geographical presence in nine countries while providing service and support to over 20 countries. The group has grown consistently over the years, serving nearly 24,000 unique clients and generating a current revenue of 2.3 billion euros.
With the new contract, Dalrada has the opportunity to extend its proven sustainability benefits to a broader client base, assisting Onet in offering more environmentally-responsible solutions that empower large clients to reduce their carbon footprint and achieve their sustainability objectives much more effectively.
“This collaboration with Dalrada represents a crucial step towards helping our clients achieve their sustainability targets,” said Javier Flores, Director of International Operational Performance at Onet. “By integrating Dalrada’s advanced heat pumps with our engineering services, we are paving the way for more sustainable and efficient buildings,” he added.
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 consistently drives innovation that delivers maximum impact, bringing increased value to its shareholders.
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About Onet Group
Founded in Marseille in 1860, the Onet Group is a France-based international engineering and infrastructure services expert that deploys innovative and responsible solutions to create healthier, safer, and more reliable environments. Through its cleaning, security, reception, logistics, airport services, engineering and nuclear services, maintenance, consulting, and sustainable real estate engineering activities, the group employs 80,000 people and generates revenues of 2.3 billion euros.