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Thursday, August 22, 2019 12:59:22 PM
In the quarter ending September 30, 2018, the Company (September 2018) announced that we entered into a second definitive two-part, license agreement with the Haier Group of Qingdao, China for a new product for Haier’s HVAC cooling systems. Prototype testing continued in the second quarter of 2019; once complete, the product will move into field testing prior to deployment into Haier’s sales channels throughout Greater China. Once successful field testing complete, the new product is anticipated to have a significant revenue impact for Dais, projected to be $73 million or more annually. Revenues for Dais could begin as early as the second quarter of 2020. The product is an innovative PolyCool™ condensing unit being incorporated into a commercial Haier cooling line that is planned to be deployed into Haier’s Greater China sales and distribution channels.
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