DAIS CORP. | OTCBB: DLYT

DAIS ANALYTIC RECEIVES $1.2 MILLION FROM U.S. DEPARTMENT OF ENERGY TO ADVANCE NANOAIR MEMBRANE HVAC TECHNOLOGY
ODESSA, FL–(Marketwired – May 12, 2015) – Dais Analytic Corporation (OTCQB: DLYT), a commercial nanotechnology materials business selling its industry-changing technology into the worldwide energy and water markets, today announced it has been selected to receive additional funding of $1.2 million from the U.S Department of Energy (DOE) to further commercialize its Heating, Ventilation, and Air-Conditioning (HVAC) membrane technology for its NanoAirâ„¢ product. The award is part of a total investment of nearly $8 million announced at the end of April by the Energy Department to advance research and development of next-generation heating, ventilating, and air conditioning (HVAC) technologies.

Dais Analytic was selected to negotiate an award based on a proposal submitted to the Building Energy Efficiency Frontiers and Innovation Technologies (BENEFIT) funding opportunity in January. The funding comes from the Buildings Technology Office (BTO) within the Energy Department, which is tasked with increasing widespread adoption of innovative technologies within the commercial marketplace.

According to the Energy Department, HVAC systems use almost 14 quadrillion British thermal units (quads) of primary energy annually — or almost 30 percent of all energy used in U.S. commercial and residential buildings — making the systems the largest end-use consumer of energy in buildings at this time. As such, there is a great need for innovative technologies that are environmentally friendly and cost effective — a void that can be filled by Dais’ Aqualyteâ„¢ nanostructured polymer membrane materials. These materials allow Dais to manipulate water molecules in an innovative manner to condition air while improving energy efficiency and eliminating fluorocarbon refrigerants.

The project will build and test a full size rooftop unit with 7.5 tons of refrigeration capacity. Project testing will take place at the renowned Oak Ridge National Laboratory (ORNL), providing the HVAC industry with independently verified data demonstrating that Dais technology can improve rooftop unit energy efficiency by almost 90 percent over units installed today, reduce CO2 emissions, eliminate fluorocarbon refrigerants that accelerate climate change, and improve end-user comfort with independent management of temperature and humidity.

“We’re excited to build on the success of our past DOE projects and test our system in this environment to showcase our sustainability, efficiency, and cost effectiveness,” said Brian C. Johnson, Chief Technology Officer of Dais. “Almost all buildings, from older buildings undergoing retrofits to the newest and most efficient projects under construction, are potential installation sites for our energy efficient HVAC systems. Dais technology represents a paradigm shift for heating and cooling in buildings, yet there is excellent backward compatibility. This is significant when you are offering the world improved HVAC and refrigeration technology, as existing buildings which will be in use for decades were designed around technology that has not changed much over the last 100 years.”

“This is a terrific step forward for the Company, as it shows continued validation of our technology and recognition of the Dais team’s progress from two previous awards from the U.S. DOE’s Advanced Research Projects Agency – Energy (ARPA-E),” said Tim Tangredi, CEO of Dais Analytic. “Together with select HVAC manufacturing and distribution partners worldwide, Dais is looking ahead towards commercializing a family of products that in our work to date offer a fundamentally better architecture for HVAC and refrigeration systems. The world-wide impact of NanoAir, using our Aqualyteâ„¢ materials, will be felt every day with energy savings, lower environmental emissions, and greater comfort experienced by end-users.”

About Dais Analytic Corporation

Dais Analytic Corporation (OTCQB: DLYT) is a nanotechnology business producing a versatile family of membrane materials — called Aqualyte — focusing on evolutionary or disruptive air, energy and water applications. The uses include:

  • ConsERVâ„¢, a commercially available engineered energy recovery ventilator (an HVAC product) useful for efficient management of ventilation air’s temperature and moisture content using the energy found in the outgoing ‘stale’ air stream to pre-condition the incoming fresh air often saving energy, CO2, and allowing for equipment downsizing;
  • NanoClearâ„¢, an early beta-stage method for treating contaminated water (notably most all forms of industrial waste), to provide pure drinking water;
  • NanoAirâ„¢, an early beta-stage water-based, no fluorocarbon producing refrigerant cooling cycle useful to replace the existing gas based compression cooling cycle in most all forms of air-conditioning and refrigeration saving a projected 50% in energy and CO2;
  • NanoCAPâ„¢, a prototype stage use of the Aqualyteâ„¢ family has shown itself to be a disruptive non-chemical energy-storage device which when completed will be useful in extending the value in renewable energy installations, transportation, consumer product uses, and ‘smart grid’ configurations.

Each use demonstrates the diversity of Dais’ core product — Aqualyteâ„¢ — the family of nano-structured polymers and engineered processes having a focus on minimizing consumption of irreplaceable natural resources, and ending the degradation of our environment. To find out more about Dais please visit https://daisanalytic.com, www.daischina.com, and to learn more about ConsERVâ„¢ please visit www.conserv.com.

Safe Harbor Statement

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. For example, statements about the future sales volume are forward looking and subject to risks. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, risks outlined in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.