LAS VEGAS, Nov. 2, 2018 /PRNewswire/ -- A new subsidiary of Dalrada Financial Corp. (OCTBB: DFCO) has won new business from a leading semicon equipment manufacturer. A provider of mechanical parts, Dalrada Precision has received initial purchase orders valued at $100 thousand. Revenues will be reflected in the first quarter of 2019. The projection for these purchase orders is to reach approximately $2 million in value during 2019.
David Pickett, Dalrada Precision president, said that in 2019 the company expects additional revenues of an additional $8 million to be placed with the company.
"Creating the right foundation and support for our customers is a key component of the strategy for growth for 2019 and 2020," Pickett said.
Safe Harbor:
Statements in this press release that are not historical facts are forward-looking statements, 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 U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
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SOURCE Dalrada Financial Corp.