The new subsidiary will accelerate Dalrada’s sustainability and climate technology service reach in Africa and the Middle East.

SAN DIEGO, CA – AUGUST 29, 2023 – Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada”), a problem-solving innovator that takes on complex, multi-disciplinary challenges in climate technology, clean energy, and precision manufacturing, announced today that it had once again expanded its global footprint through the creation of Dalrada Technologies Morocco, an eco-forward service provider of advanced climate technologies.

Dalrada Technologies Morocco will primarily focus on providing installation and ongoing support services for Dalrada’s range of high-efficiency commercial heat pumps to countries within the MENA (Middle East and North Africa) region. Additionally, the subsidiary’s main office in Fes will serve as an operational and training hub, while also increasing the possibility of creating a building and manufacturing center for Dalrada heat pumps in Morocco.

The Moroccan subsidiary joins Dalrada during a time of rapid global expansion and advancement of the company’s clean energy and climate technologies for improved sustainability on the path toward worldwide Net Zero goals.

“Our presence in Morocco will provide us with a tremendous opportunity to expand our dedicated climate services to a much larger geographic area,” according to Brian Bonar, Dalrada CEO and Founder. He continued, “By establishing Dalrada Technologies Morocco, we’re able to deliver advanced carbon-reducing technology and support to new areas that really need it.”

Dalrada Technologies Morocco will help accelerate Dalrada’s continued global efforts in offering leading-edge climate technology products and services that optimize the energy resources of its clients while minimizing environmental impact and reducing energy costs. To learn more about Dalrada Technologies Morocco and Dalrada’s vision of energy sustainability, visit www.dalradaclimatetech.com

About Dalrada Technologies Morocco

Dalrada Technologies Morocco is a wholly-owned technology subsidiary of Dalrada Corporation that brings clean energy and climate technology to Africa and the Middle East through advanced service solutions. The company is committed to providing expert customer service and support by designing and implementing strategies and projects and believes in transparency and creating true solutions, analyzing and studying client needs, and understanding and collaborating with clients to reach shared goals.

Dalrada Technologies Morocco understands the environmental challenges we face today and works with modern technology solutions that fight climate change and reduce CO₂ emissions. The company offers a dedicated suite of energy-efficient products and services and constantly creates new solutions for renewable energies, guaranteeing energy performance and cost savings through continuous optimization. For more information, please visit www.dalradaclimatetech.com.

About Dalrada Corporation

Dalrada Financial Corporation (Dalrada) is a progressive organization that drives innovation to impact people, businesses, and the planet positively. The company owns and operates a global group of climate technology, clean energy, and precision manufacturing companies, each with a clearly-defined mandate to identify, address, and deliver solutions to unique economic, environmental, and efficiency problems facing public, government, and private sector organizations. Dalrada meets challenges by developing advanced technologies, products, and services with a clear and quantifiable value, generating a significant return on investment for its clients.

Dalrada companies are on the leading edge of developing and applying innovative eco-sensitive next-generation science, engineering, and technology, serving a broad range of industries. The company’s products and services significantly reduce energy costs and remove barriers for its clients, creating a more sustainable and prosperous future for us all.

Dalrada’s subsidiaries and strategic partners operate in the United States, the United Kingdom, Malaysia, India, Spain, and Morocco, and are centrally managed from the company’s San Diego, California headquarters.

Disclaimer

Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the US Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.