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TAMPA — Green Valley International Investment Management Co. Ltd., a Hong Kong-registered corporation, is investing $7 million in Dais Analytic Corp., based in the Tampa Bay community of Odessa.
Dais (Symbol: DLYT; recent price: 15 cents) provides nanotechnology applications for water treatment, heating and cooling, and energy storage.
Green Valley is buying 70 million shares of Dais's common stock, and warrants to buy 17.5 million shares, for $7 million, according to a release from Green Valley. Dais plans to establish a wholly owned Chinese subsidiary from which it will sell nanotechnology products based on its Aqualyte family of nano-materials.
There is a large market in China for products relating to clean water and energy efficiency, says Fuying Yu, chairman of Green Valley. “Successful solutions to our needs require newer technologies,” he notes in the release. “We view Dais's technology and plans as having a clear path to achieve not only a higher value proposition but the ability to set a new standard of performance for water and energy products.”
One product that will be marketed early this year is Dais's high-efficiency energy recovery ventilator, ConsERV, which uses nanotechnology to treat incoming air-conditioning system air with energy found in exhaust air. The process lowers carbon dioxide emissions, allowing the use of smaller air conditioning systems. According to Dais, that saves an average of 27% of energy costs, and lowers peak energy use by 20%.
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