Dalrada Corporation Streamlines Board of Directors to Reflect US and Global Expansion

SAN DIEGO, CA – MAY 11, 2023 – Dalrada Corporation (OTCQB: DFCO, “Dalrada”), a U.S.-based company with global operations focused on developing and delivering transformative innovations in clean energy services, high precision manufacturing, advanced technology, and reimagined healthcare, announced that it is streamlining its Board of Directors to reflect the company’s strategic U.S. and global expansion. DFCO operates a global group of subsidiaries and affiliates throughout the U.S., Scotland, and India, and is centrally-managed from its headquarters in Escondido, California.

“Over the last several years, we have established a large Board of Directors consisting of members that have guided the company in its efforts to become a global leader in the green energy, manufacturing, technology, precision parts, and healthcare sectors,” according to Brian Bonar, Chairman and CEO of Dalrada.

Bonar continued, “After discussing our upcoming fiscal year 2024 strategies with board members, we decided it would be in the company’s interest to restructure the Board of Directors. The revised board structure will meet the requirements of having several independent directors as well as focus on expansion to meet the requirements of a possible future uplisting. It will also increase the Board’s responsiveness to business decisions as we further expand our business, increase revenue, and achieve profitability. We thank our outgoing members for their service and support of our company; we could not have done it without them.”

Dalrada’s updated Board of Directors includes:

• Brian Bonar (Chairman)
• Pauline Gourdie (Vice-Chairman)
• Amy Scannell (Nominations)
• Anthony Zolezzi (Audit & Compensation)
• Brian Kendrick (Compensation)
• Vincent Monteparte (Mergers & Acquisitions)
• Anuradha Biswas

About Dalrada Financial 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 clean energy, precision manufacturing, technology, and professional service companies. Each of these companies has 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 responds 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 and governments. 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, United Kingdom, Malaysia, and India and are centrally managed from the company’s San Diego, CA headquarters. For more information, please visit www.dalrada.com, and follow us on LinkedIn, Facebook, and Twitter.

Disclaimer

Statements in this press release that are not historical facts 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.