Dais Reports Third Quarter and Nine Months Ended Financial Results

ODESSA, Fla., Nov. 15, 2011 /PRNewswire/ -- Dais Analytic Corporation (OTC.BB: DLYT) announced today financial results for the third quarter ended September 30, 2011.

Summary of Third Quarter and Nine Months Ended September 30, 2011

Total revenues for the nine months ended September 30, 2011 and 2010 were $2,608,722 and $2,369,828, respectively, an increase of $238,894 or 10%. The increase in revenues in the 2011 period is primarily attributable to an increase in ConsERV System sales by 23%. The increase resulted from the Company generating additional sales in product enhancements, and an increase in the number and size of its sales transactions in 2011 compared to 2010.

Total revenues for the three months ended September 30, 2011 and 2010 were $625,949 and $952,374, respectively, a decrease of $326,425 or 34%. The decrease in revenues in the 2011 period is primarily due to a decrease in ConsERV core-only sales of approximately $250,000 and a decrease in ConsERV system sales by approximately $77,000. These decreases are the results of the financial credit market fluctuations in late July through mid-August that we believe delayed projects using our products or placed the projects on hold, lengthening the "quote-to-revenue" timeline. 

Gross profit margin for the three months ending September 30, 2011 increased from 21% in 2010 to 26% in 2011. The increase in gross profit margin is primarily due to reduced material costs given improved vendor pricing and an increase in unit productivity per labor hour.

Gross profit margin for the nine month period decreased from 31% in 2010 to 24% in 2011. The decrease in the gross profit margin was due to an increase in the cost of materials for the year to date of approximately $351,000. Similarly the Company has a year to date increase in the cost of labor by approximately $47,700.

Earlier in the third quarter the Company announced the United States Patent Office awarded U.S. Patent Number 7,990,679 to Dais. The patent, entitled "Nanoparticle Ultracapacitor", which uses Dais's commercial family of Aqualyte™ nano-structured materials, to create an energy storage mechanism projected to have performance and cost advantages over existing storage technologies.

Dais, working with experienced personnel at the University of Florida under a cooperative testing agreement, has used this patent's concepts to create a functional energy storage prototype device named "NanoCap."  

NanoCap is a form of ultracapacitor which when fully developed we believe will be useful to power a broad range of applications including most forms of transportation, energy storage (especially useful as a storage media for renewable energy technologies), telecommunication infrastructure, transistor gate dielectrics, and consumer battery applications (cell phones, computers, etc.).

About Dais Analytic Corporation

Dais Analytic Corporation (OTC.BB:DLYT - News) is commercializing its nanotechnology materials product - ("Aqualyte") - in evolutionary or disruptive air, energy and water applications. The applications include:

• ConsERV™, a commercially available engineered energy recovery ventilator (an HVAC product) useful for high efficiency management of ventilation air's temperature and moisture content using the energy found in the outgoing 'stale' air stream to pre-condition the incoming fresh air saving energy, CO2, and allowing for equipment downsizing;
• Nanoair, in beta-stage development , a water-based, no fluorocarbon producing refrigerant cooling cycle useful to replace the existing gas based compression cooling cycle in most all forms of air-conditioning and refrigeration (co-funded by the US DoE 'ARPA-E' program) saving a projected 50% in energy and CO2;
• NanoClear, in beta-stage development, a simpler method of treating contaminated water (sea, waste, industrial) to provide 1,000 times cleaner potable water; and;
• NanoCap™, in prototype stage, a disruptive energy-storage device (an ultracapacitor).

Each application further demonstrates the diversity of Dais' core product, Aqualyte™ -- the family of nano-structure polymers with Dais focusing on minimizing consumption of irreplaceable natural resources and stopping the degradation of our environment. To find out more about Dais please visit www.daisanalytic.com/, and to learn more about ConsERV please visit www.conserv.com.

Safe Harbor Statement

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements.  Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. For example, statements about the future sales volume are forward looking and subject to risks.  A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, risks outlined in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact:
Investor Relations:
Denise Sanderson
Dais Analytic Corporation
Phone: 727-375-8484 x 223
Email: [email protected]

SOURCE Dais Analytic Corporation