BEIJING, Jan. 13, 2013 /PRNewswire/ -- Green Valley International Investment Management Company, Ltd. (GVI) a Hong Kong registered corporation, entered into a Securities Purchase Agreement during the last quarter of 2012 with Dais Analytic Corporation (Dais) of Tampa, Florida, USA (OTC.BB: DLYT - News).
"The China market for clean water and energy efficient products is large yet in our analysis of these large markets successful solutions to our needs require newer technologies offering the end-user: government, commercial and consumers, a greater value proposition. After our due diligence we view Dais's technology and plans as having a clear path to achieve not only the higher value proposition but the ability to set a new standard of performance for water and energy products and services" said Mr. Fuying Yu, Chairman of GVI.
GVI is buying 70 million shares of Dais's Common Stock, and Warrants to purchase 17,500,000 shares of Common Stock for $7M. On funding completion Dais plans to establish a wholly owned Chinese subsidiary (DLYTC) from which it will begin selling its nanotechnology based products, based on the Company's Aqualyte family of Nano-materials and process into the China market.
GVI will work with Dais Analytic Corporation (OTC.BB: DLYT - News) to assist in commercializing uses of its innovative Aqualyte™ family of nano-structured materials and processes. Primary focus is on evolutionary or disruptive air, energy and cleans water applications. These novel applications are made possible by manipulating the nanomaterial's properties – using known scientific disciplines such as physics, thermal dynamic and chemistry – to accomplish the work being done today in products using by energy hungry, emissions emitting pumps, and motors.The first product to begin commercialization in early 2013 is Dais's award winning high efficiency energy recovery ventilator (ERV), ConsERV®. ConsERV, with no moving parts, uses nanotechnology to pre-treat incoming AC system ventilation air with the energy found in AC system's exhaust air. This process quickly lowers C0 2 emissions, allows the use of smaller AC systems, saves energy costs by an average of 27%, and lowers peak energy use by up to 20%. Simultaneously GVI and the Dais China subsidiary plan to begin limited deployment in 2013 of a non-Reverse Osmosis method of treating most all forms of contaminated water. This process is called NanoClear®.