This statement is a giant leap of faith because it sounds like they've entrusted all of their manufacturing technology with Menred. If it works out, it looks like Dais will finally start manufacturing in high volume.
"Our planned approach is for Dais to source key finished components from Menred's operations and for Menred to source critical components from Dais," added Dais's Chief Operating Officer, John Herrin. "Building on both company's strengths is believed to put both in a better position to gain share in the growing, competitive markets."
Everyone knows that the Chinese are notorious for stealing proprietary technology. But it looks like Dais has done their homework on Menred because they've gained the trust of other major corporations. (See below)
About Zhejiang Menred Environmental Tech Co., Ltd
MENRED Group Co. Ltd was founded in 1995. Our headquarters are in the city of Yueqing. We devote ourselves to R&D, production, sale and marketing of our energy-saving products. Our core business is radiant heating and cooling system, ventilation system, and central air-conditioning.
As a manufacturer, the factories of MENRED have passed the "ISO9001:2008" standards for systematic quality management, as well as passed ISO14001:2004 standards for the international environmental protection system. We further acquired the "CE certificate" for all our products. Holding more than 100 patents provides visibility into our highly effective R&D abilities. By carefully choosing qualified suppliers and making use of a convenient logistic network, we can ensure to carry out all orders on time combined with highest possible amount of accuracy.
Menred can customize products individually for each of our customers to meet their diverse requirements. We are an exporter of OEM/ODE services. Menred's team is experienced in cooperation arrangements with companies in the United States, Germany, UK, Finland, Italy, Croatia, Poland, Japan, Russia, Australia, and Brazil. In 2017 Menred became a strategic innovation and manufacturing partner for the world renowned electrical equipment and products company Electrolux.
Product Sectors include;
-- Ventilation systems
-- Radiant Floor Heating Products
-- Central Air-Conditioning Products
-- Central Vacuum Cleaner Systems
-- Consumer Water Systems
