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HENDERSON, Nev., Oct. 1, 2019 /PRNewswire/ -- Dalrada Precision, a wholly-owned subsidiary of Dalrada Financial Corp. (OTC Pink: DFCO), continued its advancement in the pharmaceutical and healthcare spaces by announcing it had filed a patent for its specialized extraction machine.
Filing the patent and the resulting registration represents the company's tremendous progress while readying its future success in multiple plant-based industries that are also primed for major growth, including the nutraceutical and phytoceutical markets.
The filing also places Dalrada firmly ahead of the competition as the machine has already drawn interest from a number of organizations, most notably a publicly-traded company that hopes to utilize Dalrada's proprietary technology to facilitate its extracting and processing services.
"Having a patent further legitimizes our efforts and proves that what we have is unlike anything else in the market today," said Brian Bonar, Chief Executive Officer of Dalrada Financial.
With the patent, a completed design, and now a focus on procuring the necessary components to start building the machines, the company is excited to move forward. The unique machine is expected to be more cost-effective than existing models and the robust extraction process will be able to process matrix/biomass up to 10 times more than any other industrial extraction machine.
According to David Pickett, President of Dalrada Precision, interest in the specialized new machine – including its unlimited potential – has been widespread and has already resulted in multiple inquiries for oil extraction, including CBD. Additionally, he believes that receiving a patent will enhance the company's position within a number of growing industries.
"We've been able to accomplish each of our goals so far, including filing for a patent – and that's very exciting. When we are finally awarded our patent, it will show the rest of these marketplaces that not only is Dalrada's technology unmatched; we're on an aggressive growth path," Pickett said.
About Dalrada Precision
A subsidiary of Dalrada Financial Corp., Dalrada Precision has been focused on solution-based engineering and the customer experience from day one. By continually delivering on its promises, the company has created trust while building mutually-successful long-term relationships.
Dalrada Precision is a team of highly-trained and committed individuals. The company takes pride in solving the unique challenges of its customers and constantly improves and enhances its machining and manufacturing capabilities, ultimately becoming a key strategic partner of many businesses. For more information, please visit www.dalradaprecision.com.