Item 8.01 Other Events
On March 31, 2022, Dais Corporation, DYLT: OTC (the "Company") issued a press
release announcing that the Company had recently been issued a patent by the
U.S. Patent and Trademark Office for a comprehensive patent for improving the
efficacy of existing evaporative devices found in today's Heating, Ventilating
and Air-Conditioning (HVAC) systems. The Company believes that this patent
should provide the Company with innovation protection for its DisruptorCC™ and
ConsERV™ products allowing Dais to ramp up its goal of 'RE-Imaging.' The Company
further believes that this new patent will provide the Company with the ability
of establishing a competitive presence in the $130 billion world HVAC market by
exploiting its platform of nanomaterials materials called Aqualyte™, by changing
present air-conditioning components and architecture to manage indoor
temperature and humidity efficiently without using refrigerant gases, or the
list of emissions creating and energy consuming hardware.
Tim Tangredi, CEO of Dais, said the Company is excited about its newly issued
comprehensive patent, which he believes facilitated the Company's receipt of an
initial purchase order from a major multi-national OEM for our DisruptorCC™ and
ConsERV™ products for the OEM own manufacturing use. Mr. Tangredi further stated
that the initial order should demonstrate that major manufacturers will begin
recognizing the potential benefits of Dais' Aqualyte™, including approximately
64% lower emissions and up to 75% lower energy costs, among other benefits,
which we believe we could enable Dais to achieve significant market share gains
over the near future. Of course, there can be no assurance that the Company's
new patent or its initial purchase order will, in fact, permit it to establish a
significant presence in the world-wide HVAC market
According to a Precedence Research article dated November 25, 2021, the World
HVAC equipment market was $130 billion in 2021 and forecasted to grow 6.1% to
$207 billion by 2030. Forbes Business Insight in an article dated January 17,
2022, said the North American HVAC market is $42 billion in 2021 and will grow
to $58.6 billion by 2028.
On March 31, 2022 a press release was issued about the same: NewMediaWire | Dais
Corporation (DLYT) Issued Key Patent and Receives Order for Product Using the
Newly Patented Technology Disrupting the $130B World HVAC Market
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